MIRA
INFORM REPORT
|
Report Date : |
1st
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
PACIFIC
TRADERS LIMITED |
|
|
|
|
Registered Office : |
2-29-3, Mejirodai Hachioji Tokyo-Metrop 193-0833 Japan |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
September,
1996 |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen
Kaisha) |
|
|
|
|
Line of Business : |
The Company is engaged in the business of imports and wholesales
val valves and other industrial parts & components |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
YEN 2 MILLION |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company
PACIFIC
TRADERS LTD
REGD NAME
YK Pacific
Tsusho
MAIN OFFICE
2-29-3,
Mejirodai Hachioji Tokyo-Metrop 193-0833JAPAN
Tel:
042-663-0241
Fax:
042-663-9971
URL: N/A
ACTIVITIES
Import, wholesale of valves, other industrial parts
BRANCHES:
Tokyo, Atsugi (Kanagawa)
OFFICER(S)
JUN OKAMOTO, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen324
M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND UP WORTH Yen 9 M*
STARTED 1996 EMPLOYES 3
*..
Negative net worth
COMMENT
TRADING HOUSE SPECIALIZING IN VALVES. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2 MILLION, SECURED TERMS RECOMMENDED.
HIGHGHTS
The subject company was established by Jun Okamoto in order to
make most of his experience in the subject line of business. This is a small-scaled trading house,
operated from his home residence, for import and wholesale of valves and other
industrial machinery parts & components.
Goods are mostly imported and shipped to major industrial machinery
mfrs. The information given is very limited. The firm stopped releasing full financials
with the last at the 31/12/2004 fiscal term.
The sales volume for Dec/2005 fiscal term amounted to Yen 324
million, a 54% up from Yen 211 million in the previous term. This is thanks to the recovery of industrial
activities, particularly in the heavy machinery industry. The net profit remained similar at Yen 1
million.
For the current term ending Dec 2006 the net profit is projected
at Yen 1 million, on a 3% rise in turnover, to Yen 330 million.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 2 million, on secured terms recommended. Note the negative net worth at Yen 9 million
versus paid-in capital at Yen 10 million.
REGISTRATION
Date Registered: Sept
1996
Legal Status: Private Limited Company (Yugen
Kaisha)
Regd Capital: Yen 10 million
Major shareholders (%): Jun Okamoto (51), Koki Miyagoshi (25),
Ikuo Nukui (20)
No. of shareholders: 5
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales valves and other industrial
parts & components (--100%).
Clients: [Mfrs] Toyo Engineering Corp, Mitsubishi Heavy Ind, JDC
Corp, Chiyoda Corp, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Supplied from Argas, KPC, other
from USA, etc..
Payment record: Regular
Location: Business area in Hachioji City, adjacent to Tokyo. Office premises at the caption address are
owned by J Okamoto as his private residence and maintained satisfactorily.
Bank References
Tama Shinkin Bank (Mejirodai)
Bank of Tokyo-Mitsubishi UFJ (Hamamatsucho)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2005 |
31/12/2004 |
31/12/2003 |
||
|
Annual Sales |
|
324 |
211 |
80 |
|
|
Recur. Profit |
|
|
1 |
|
|
|
Net Profit |
|
1 |
1 |
0 |
|
|
Total Assets |
|
|
186 |
|
|
|
Current Assets |
|
|
184 |
|
|
|
Current Liabs |
|
|
137 |
|
|
|
Net Worth |
|
9 |
8 |
|
|
|
Capital, Paid-Up |
|
10 |
10 |
|
|
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
||
|
S.Growth
Rate |
53.55 |
163.75 |
.. |
||
|
Current Ratio |
|
.. |
134.31 |
.. |
|
|
N.Worth Ratio |
.. |
4.30 |
.. |
||
|
R.Profit/Sales |
|
.. |
0.47 |
.. |
|
|
N.Profit/Sales |
0.31 |
0.47 |
0.00 |
||
Notes: Financials are only partially disclosed as from the
31/12/2005 fiscal term.
Forecast (or estimated) figures for the 31/12/2006 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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |