MIRA
INFORM REPORT
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Report Date : |
9th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
M & P KK |
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Registered Office : |
C/o KK Hubnet 3-24-7 Higashishinagawa Shinagawaku
Tokyo 140-7755 Japan |
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Country : |
Japan |
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Financials (as on) : |
31/07/2006 |
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Date of Incorporation : |
Feb 1998 |
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Legal Form : |
Limited Company |
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Line of Business : |
Engaged in the business of import,
wholesale of UN certified packages for dangerous cargo; foodstuffs from Tunisia |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
YEN 580,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME
M &
P KK
REGD NAME
M &
P KK
MAIN OFFICE
C/o KK
Hubnet 3-24-7 Higashishinagawa Shinagawaku Tokyo 140-7755 JAPAN
Tel:
03-5462-7661
Fax:
03-3471-8800
URL: http://mandp.hub-net.co.jp /
E-Mail address: mandop@hub-net.co.jp
ACTIVITIES
Import, wholesale of UN certified packages for dangerous cargo;
foodstuffs from Tunisia
BRANCHES
Nil
OFFICER(S)
MAKI MURAKI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 50 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 10 M
STARTED 1998 EMPLOYES 3
*.. Financials not disclosed and figures estimated only.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN TUNISIAN FOODSTUFFS. FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 580,000, FULLY SECURED TERMS OR UNDER GUARANTEE
FROM THE PARENT, HUBNET KK, RECOMMENDED
HIGHLIGHTS
The subject company was established on the basis of a trading
division separated from KK Hubnet, international door-to-door express parcel
delivery service provider, at the caption address. This is virtually a trading division belonging to the parent,
with management & operations fully integrated with the parent. M Muraki is concurrently pres at the
parent. Specializes in importing
foodstuffs from Tunisia; also handles UN certified packaging & containers
for dangerous goods, as sole agent for E3-Cortex, France. Foodstuffs include: couscous, harissa,
chamura, extra virgin olive oil, etc, all from Tunisia. Handles Tunisian cooking utensils, too. The subject does not disclose any of the
financials and the following figures have been estimated by us based on the telephone
conversation with the treasurer. We
have attached, for reference, the financial report (only partially) of the
parent, KK Hubnet.
The revenues for Dec/2005 fiscal term amounted to Yen 50 million,
unchanged from the previous term. The
net profit remained at a minimum amount, unchanged from previously. The parent reported sales for the 31/07/2005
fiscal term at Yen 230 million, up 15% from a year ago.
For the current term ending Dec 2006 the net profit is still
estimated to be limited to a minimum amount, on a 6% rise in turnover, to Yen
53 million. All figures are estimated
by us only.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 580,000, on fully secured terms or
under guarantee from the parent, KK Hubnet, recommended.
REGISTRATION
Date Registered: Feb
1998
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): KK Hubnet*(100)
*.. International door-to-door parcel delivery service provider
specializing in newspapers, magazines,
books, other printings, at the caption address; capital Yen 12
million, turnover Yen 230 million, employees
12, pres Maki Muraki, concurrently.
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales UN certified packaging &
containers for dangerous cargo, as sole agent for E3-Cortex, France; also
imports Tunisian foodstuffs: couscous, harissa, chamura, extra virgin olive
oils, wines, beer, cooking pans & utensils, other (--100%).
Clients: Hotels, restaurants, specialty stores, consumers (online
sales, etc)
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from Tunisia, France,
other.
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Akasaka)
Bank of Tokyo-Mitsubishi UFJ (Akasaka-Mitsuke)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual Sales |
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250 |
230 |
200 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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2 |
0 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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14 |
12 |
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Capital, Paid-Up |
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12 |
12 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
8.70 |
15.00 |
-13.04 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
0.00 |
0.87 |
0.00 |
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Notes: Financials are not disclosed and the above figures
represent those of the parent,
KK Hubnet, only partially disclosed.
Forecast (or estimated) figures for the 31/07/2006 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |