MIRA INFORM REPORT

 

 

Report No. :

342585

Report Date :

24.09.2015

 

IDENTIFICATION DETAILS

 

Name :

POMME INC

 

 

Registered Office :

2-5-18 Ueshio Chuoku Osaka 542-0064

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2014

 

 

Date of Incorporation :

January 1974

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufactures hand bags, wallets, leather bags, other (--100%).

 

 

No. of Employee :

25

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 


 

COMPANY NAME

 

POMME INC

 

 

REGD NAME:               KK Pomme

 

MAIN OFFICE:              2-5-18 Ueshio Chuoku Osaka 542-0064 JAPAN

                                                Tel: 06-6768-6130      Fax: 06-6765-5921

 

URL:                             http://www.pomme.co.jp

E-Mail address:             (thru the URL)

 

 

ACTIVITIES

 

Mfg of hand bags, wallet, other

 

 

BRANCHES

 

Tokyo

 

 

OVERSEAS

 

Vietnam, Hong Kong (-- Offices/factories)

 

 

FACTORIES

 

Vietnam, Hong Kong (--Factories)

 

 

OFFICERS

 

YASUNORI HAYASHI, PRE

Yasuo Seto, dir

Hideki Hagawa, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                                         A/SALES          Yen 1,350 M

      PAYMENTSSLOW BUT CORRECT   CAPITAL           Yen 35 M

TREND STADY                                     WORTH            Yen 257 M       

STARTED         1974                                         EMPLOYES      25

 

 

COMMENT

 

MFR OF HANDBAGS OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR

ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: ESTIMATED AT YEN 18.6 MILLION, ON 30 DAYS  NORMAL TERMS.

 

 

HIGHLIGHTS

           

The subject company is a specialized mfr of hand bags, wallets, leather bags, other.  Goods are manufactures in the overseas factories in Hong Kong and Vietnam.  Clients include department stores, supermarkets, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for Jul/2014 fiscal term amounted to Yen 1350 million, a similar turnover in the previous term.  The net profit was posted at Yen 10 million, compared with yen 7 million a year ago.

 

For the term that ended Jun 2015 the net profit was projected at Yen 15 million, on a 5% rise in turnover, to Yen 1,420 million.  Final results are yet to be released.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 18.6 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:                       Jan 1974

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                   280,000 shares

Issued:                         70,000 shares

Sum:                             Yen 35 million

 

Major shareholders (%): Y3asunori Hayashi (majority owned), other

 

No. of shareholders: 3

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures hand bags, wallets, leather bags, other (--100%)

 

Clients: [Mfrs, wholesalers] Shimamura, Daimaru Matsuzakaya Co, Aeon Group firms, Tokyu Hands, Life Corporation, Co-op Kobe, other 

No. of accounts: 100

 

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports from subsidiaries in Hong Kong & Vietnam.

Domestically from Sun Art, other

 

Payment record: Slow but correct

 

Location: Business area in Osaka.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

UMCG (Ueroku)

Mizuho Bank (Namba)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

31/07/2015

31/07/2014

31/07/2013

31/07/2012

Annual Sales

 

1,420

1,350

1,350

1,041

Recur. Profit

 

 

 

 

 

Net Profit

 

15

10

7

5

Total Assets

 

 

1,144

1,088

1,001

Current Assets

 

 

785

735

654

Current Liabs

 

 

164

210

125

Net Worth

 

 

257

247

239

Capital, Paid-Up

 

 

35

35

35

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

 

(%)

(%)

(%)

(%)

    S.Growth Rate

 

5.19

0.00

29.68

0.10

    Current Ratio

 

..

478.66

350.00

523.20

    N.Worth Ratio

 

..

22.47

22.70

23.88

    R.Profit/Sales

 

..

..

..

..

    N.Profit/Sales

 

1.06

0.74

0.52

0.48

    Return On Equity

 

..

3.89

2.83

2.09

 

Notes: Forecast (or estimated) figures for the 31/07/2015 fiscal term.

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.