MIRA
INFORM REPORT
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Report Date : |
31st
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
MASUI SHOJI CO LTD |
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Registered Office : |
Honmachi Wako Bldg 1001, 2-1-7
Kita-Kyuhojimachi Chuoku Osaka 541-0057 Japan |
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Country : |
Japan |
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Financials (as on) : |
30/06/2006
(estimated) |
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Date of Incorporation : |
Jul 1991 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of steel
sheets & related products |
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 3 MILLION |
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Status : |
Moderate |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME
MASUI SHOJI CO LTD
REGD NAME
Masui Shoji KK
MAIN OFFICE
Honmachi Wako Bldg 1001, 2-1-7 Kita-Kyuhojimachi Chuoku Osaka 541-0057 JAPAN
Tel: 06-6261-9130
Fax: 06-6261-1059
URL:N/A
ACTIVITIES
Export of steel sheets & related products
BRANCHES
Nil
OFFICER(S)
TSUTOMU MASUI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen
250 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen 22 M
STARTED 1991 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN STEEL PRODUCTS. FINANCIAL SITUATION CONSIDERED RATHER WEAK
AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$100,000 / D/P AT SIGHT.
MAX CREDIT LIMIT: YEN 3 MILLION, SECURED TERMS REOMMENDED
HIGHLIGHTS
The subject company was established by Tsutomu Masui in
order to make most of his experience in foreign trading. Handling items are believed to be steel
& metal sheets, plates, other products as judged from domestic suppliers,
but T Masuda declined to specify items.
Also believed handling forklift parts & components, supplied from
domestic forklift mfrs. T Masuda says
his clients know very well of the items handled, and that he does not want them
to be known particularly to fellow traders.
No other databases are available to pinpoint items. He confirmed, however, that operations are
essentially export business. Export
destinations are Guam, Saipan, Palau Island, Truk Islands, other. Goods are supplied from major steel mfrs,
forklift mfrs, and traders. Financials
are only partially disclosed.
The sales volume for Jun/2005 fiscal term amounted to Yen
250 million, a 7% down from Yen 270 million in the previous term. This is believed to the strong Yen against
foreign currencies that depressed sales in Yen terms. The net profit remained unchanged at Yen 1 million.
For the current term ending Jun 2006 the net profit is
estimated to mark time at Yen 1 million, on a similar turnover, at Yen 250
million. Business is seen slacking.
The financial situation is considered RATHER WEAK but
should be good for MODERATE business engagements. The proposed amount, however, is considered TOO HIGH from the
recent financial status. Max credit limit
is estimated at Yen 3 million, on fully secured terms recommended.
REGISTRATION
Date Registered: Jul
1991
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Tsutomu Masui (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Exports steel sheets, plates & related
products, including, as believed, forklift parts and components, centrally to
Asian Pacific regions (--100%).
Clients: [Mfrs, agent dealers] Exports to Guam, Saipan,
Palau Islands, Truk Islands, other.
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Komatsu Forklift, Metal One,
Sanyo Sales & Marketing, Daido Steel Sheet, Toli Corp, other.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Kinki Osaka Bank (Semba)
Tokushima Bank (Osaka)
Relations: Money deposits & transfer only
FINANCES: (In Million Yen)
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Terms Ending: |
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30/06/2006 |
30/06/2005 |
30/06/2004 |
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Annual Sales |
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250 |
250 |
270 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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1 |
1 |
1 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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22 |
21 |
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Capital, Paid-Up |
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10 |
10 |
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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 |
0.00 |
-7.41 |
-12.90 |
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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 |
0.40 |
0.40 |
0.37 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/06/2006 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 |