MIRA
INFORM REPORT
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Report Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SAKAGUCHI
WOOL COMPANY LIMITED |
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Registered Office : |
Sakurai Orange Bldg 202, 2-10-11 Marunouchi
Nakaku Nagoya 460-0002 JAPAN |
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Country : |
Japan |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
July
1983 |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Import, wholesale of wool materials,
textile fibers |
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 1 MILLION |
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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name
SAKAGUCHI WOOL CO LTD
REGD NAME
YK Sakaguchi Wool Shokai
MAIN OFFICE
Sakurai Orange Bldg 202, 2-10-11 Marunouchi Nakaku
Nagoya 460-0002 JAPAN
Tel :
052-211-3541
Fax :
052-211-3828
URL : N/A
ACTIVITIES
Import, wholesale of wool materials,
textile fibers
BRANCHES
Nil
OFFICERS
NOBORU SAKAGUCHI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 110 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND SLOW WORTH Yen 23 M
STARTED 1983 EMPLOYES 2
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN
WOOL MATERIALS. FINANCIAL SITUATION
CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1 MILLION,
SECURED TERMS RECOMMENDED.
HIGHLIGHTS
The subject company was established by
Noboru Sakaguchi in order to make most of his experience in the foreign
trading. This is a one-man operated
trading house specializing in importing and wholesaling wool materials, other
textile fibers, etc. Goods are imported
from Europe, and recently switched to imports from China. Clients include major textile traders. The business networks are rather limited and
the firm is struggling to improve sales & profitability. Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Jun/2005 fiscal
term amounted to Yen 110 million, a 5% up from Yen 105 million in the previous
term. Demand increased for wool yarns,
according to the firm. The net profit
was posted at Yen 1 million, compared with a minimum amount a year ago.
For the term ended Jun 2006 the net
profit is reported posted at Yen 1 million, on a 5% rise in turnover, to Yen
115 million. Final results are yet to
be disclosed.
The financial situation is considered
RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 1
million, on secured terms recommended.
REGISTRATION
Date Registered : Jul 1983
Legal Status : Private
Limited Company (Yugen Kaisha)
Regd Capital : Yen 5 million
Major shareholders (%)
Noboru Sakaguchi (100)
Nothing detrimental is known as to his
commercial morality.
OPERATION
Activities: Imports and wholesales wool
materials, textile fibers, others (--100%).
Clients
[Textile traders, wholesalers] Itochu
Corp, Takisada Osaka, San’ei Shoji, Chuo Corporation,
Kohjiya Boshoku, Atoms & Co, other
No. of accounts
300
Domestic areas of activities
Centered in greater-Nagoya, extending into
Osaka area.
Suppliers
[Mfrs, wholesalers] Itochu Corp,
Michell Company, Chargers Wool, JF Muller, TFT Textile, other.
Payment record
Regular
Location
Business area in Nagoya. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Gifu Bank (Nagoya)
Chukyo Bank (Nagoya-Chuo)
Relations: Satisfactory
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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115 |
110 |
105 |
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Recur. Profit |
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.. |
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.. |
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Net Profit |
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1 |
1 |
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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23 |
22 |
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Capital, Paid-Up |
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5 |
5 |
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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 |
4.55 |
4.76 |
-19.23 |
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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 |
0.87 |
0.91 |
0.00 |
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Notes:
Financials are not disclosed only except the above partial figures.
Forecast
(or estimated) figures for 30/06/2006 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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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