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To whom it may concern:
Nikken Inc. was incorporated in California during 1989 and is
a subsidiary of a Japanese company doing business since 1975.
At fiscal year, ended Feb. 28, 1998, Nikken Inc. received a
5A1 Dun & Bradstreet rating; which is the highest rating
assigned to any company. This rating is assigned based on equity
and strong financial ratios combined with a prompt payment record.
Cash is more than adequate to retire total liabilities which
consist only of accounts payable and accruals. The current ratio
2.45 to 1, indicates an abundance of working capital to fund
the company's operating cycle. The operating cycle is also enhanced
by an inventory turnover of five times annually. An equity position
of $128,220,000 at Feb. 28, 1999, has been built through retained
earnings excluding initial capital stock of $3,500,000. Capital
requirements which include global expansion; construction of
a worldwide headquarters at Irvine, CA; and extensive research
and development have been funded through retained profits. The
company has no borrowings nor investor contributions to fund
capital requirements. Total liabilities to net equity were .34
to 1 at fiscal year ended Feb. 28, 1999.
Never have I seen in my 24 years as a Sr. Business Consultant
for Dun & Bradstreet, a company build such a strong financial
base in such a short period of time. During this tenure I have
read mission statements on board room walls all over the region
that all give lip service to the customer. Nikken's mission
statement describes the five pillars of success as a healthy
mind, body, family, society, and finances. This statement provides
clear balance and focus to fulfill the company's 100 year business
plan.
Sincerely,
Darrell Petersen
I met Darrell in Salt Lake City last week and he is now a full-time,
EXCITED, Nikken Distributor - How about that! Dave
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