MIRA
INFORM REPORT
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Report Date : |
11th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL
PRODUCTS INC. |
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Registered Office : |
Daikan’yama Pacific #216, 10-14 Sarugakucho
Shibuyaku Tokyo 150-0033 Japan |
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Country : |
Japan |
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Date of Incorporation : |
July
1971 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of cookware |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 11.7 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Name
ROYAL PRODUCTS INC
REGD NAME
KK Royal Products
MAIN OFFICE
Daikan’yama Pacific #216, 10-14 Sarugakucho
Shibuyaku Tokyo 150-0033 JAPAN
Tel :
03-3463-0210
Fax :
03-3463-4786
URL : http://www.homepage2nifty.com/royal-products/
E-Mail address : Not specified
ACTIVITIES
Import, wholesale of cookware
BRANCHES
Sapporo, Kawasaki
OFFICERS
TAKASHI YOSHIDA, PRES
Kaoru Idogaki, mgn dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 793 M
PAYMENTS REGULAR CAPITAL Yen 62 M
TREND SLOW WORTH Yen 130 M
STARTED 1971 EMPLOYES 15
COMMENT
IMPORTER SPECIALIZING IN COOKWARE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 11.7 MILLION, 30
DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by
Takashi Yoshida in order to make most of his experience in order to make most
of his experience in the subject line of business. This is a trading house for importing and wholesaling cookware, detergent,
other household goods. Goods are imported from USA centrally. Clients are specialty dealers in the similar
business line, covering nationwide.
Operates cooking classes, too.
Goods are also retailed online.
FINANCIAL INFORMATION
The sales volume for Jun/2005 fiscal
term amounted to Yen 793 million, a similar amount in the previous term. The net profit decreased to Yen 2 million
from Yen 5 million a year ago.
For the term ended Jun 2006 the net
profit is estimated posted at Yen 2 million, on a 2% rise in turnover, to Yen
810 million. Final figures not made
available.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 11.7
million, on 30 days normal terms.
REGISTRATION
Date Registered : Jul 1971
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 499,200 shares
Issued :
124,800 shares
Sum :
Yen 62.4 million
Major shareholders (%)
Takashi Yoshida (majority owned)
No. of shareholders: 6
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Imports and wholesales
cookware, detergent, other household utensils (--100%). Goods are imported from USA. Holds cooking classes, too, including
online.
Clients
[Specialty stores, wholesalers] Royal
Queen, IPS, Easy wares, Sanyo Color Photo, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs] Regal Ware, Bon Amie, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Kosan Shinkin Bank (Shibuya)
Bank of Tokyo-Mitsubishi UFJ
(Shibuya-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 |
30/06/2003 |
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Annual Sales |
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810 |
793 |
793 |
846 |
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Recur. Profit |
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Net Profit |
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2 |
2 |
4 |
5 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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130 |
128 |
124 |
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Capital, Paid-Up |
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62 |
62 |
62 |
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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 |
2.14 |
0.00 |
-6.26 |
4.19 |
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Current Ratio |
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.. |
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.. |
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N.Worth Ratio |
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.. |
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.. |
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N.Profit/Sales |
0.25 |
0.25 |
0.50 |
0.59 |
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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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