MIRA
INFORM REPORT
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Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SIGUMA SHOJI CO LTD |
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Registered Office : |
2-25 Ainokawa Tempakuku Nagoya 468-0826 JAPAN |
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Country : |
Japan |
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Financials (as on) : |
30/11/2006 |
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Date of Incorporation : |
December
1973 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale, retail of motor gasoline
(Filling station operator), wholesale of truck lashing gears |
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 50.7 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name
SIGUMA SHOJI CO
LTD
REGD NAME
KK Sigma Shoji
MAIN OFFICE
2-25 Ainokawa
Tempakuku Nagoya 468-0826 JAPAN
Tel : 052-896-1510
Fax : 052-896-7703
URL : http://www.sigma-shoji.co.jp/
E-Mail
address : info@sigma-shoji.co.jp
ACTIVITIES
Wholesale,
retail of motor gasoline (Filling station operator), wholesale of truck lashing
gears
GAS STATIONS
At the
caption address, Toyota (--4) (Filling stations)
OFFICERS
Makoto
Katoh, ch HIROSHI
NAGASAKI, PRES
Seishiro
Takahashi, dir Takashi
Tsuzuki, dir
Yen Amount
In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,814 M
PAYMENTS REGULAR CAPITAL Yen 15 M
TREND STEADY WORTH Yen
53 M
STARTED 1973 EMPLOYES 15
COMMENT
GAS
STATION OPERATOR, WHOLESALER OF TRUCK LASHING GEARS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 50.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Makoto Katoh in order to make most of his experience in thesubject line of business. This firm operates 2 gas stations at the caption address and in Toyota City, where Toyota Motors is located. Has strong business ties with this carmaker. Operates 4 filling stations at the caption address and in Toyota City. Also wholesales lashing gears such as hooks, shackles, rollers, other for trucks. Supplies ship bunkers, too. Clients include Toyota Motor group firms. Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Nov/2005 fiscal
term amounted to Yen 2,814 million, a 23% sharp rise from Yen 2,281 million in
the previous term. This is attributed
to the skyrocketing oil prices which are passed on to consumers. The net profit sharply increased to Yen 19
million from Yen 6 million a year ago.
For the current term ending Nov 2007
the net profit is projected at Yen 18 million, on a 3% rise in turnover, to Yen
2,900 million.
The financial situation is considered
FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 50.7 million, on 30 days
normal terms.
REGISTRATION
Date
Registered : Dec 1973
Legal
Status : Limited Company
(Kabushiki Kaisha)
Authorized : 120,000 shares
Issued : 30,000 shares
Sum : Yen 15 million
Major shareholders (%)
Makoto
Katoh (27), Hiroshi Nagasaki (26), Seishiro Katoh (13)
No. of
shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Operates 2 gas stations (95%); wholesales lashing gears for trucks, such as
hooks, shackles, rollers, other (--5%).
Also acts as non-life insurance broker.
Operates
4 gas stations at the caption address and in Toyota City.
Clients
[Mfrs,
truck operators, shipping firms] Toyota Yuso, Toyofuji Shipping, Kimura Unity, Toyokin Unyu, Fuji Transport,
other.
No. of accounts
100
(wholesale div only)
Domestic
areas of activities
Centered
in Nagoya-Pref & vicinities
Suppliers
[Oil
refineries, wholesalers] Exxon Mobil, Mitsubishi Corp, Bridgestone Tire Chubu Hambai, Chubu Dunlop, Muraki
Corp, other.
Payment
record: Regular
Location
Business
area in Nagoya. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References
Bank
of Tokyo-Mitsubishi UFJ (Nonami)
Chukyo
Bank (Nonami)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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30/11/2006 |
30/11/2005 |
30/11/2004 |
30/11/2003 |
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Annual Sales |
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2,900 |
2,814 |
2,281 |
1,700 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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18 |
19 |
6 |
1 |
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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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158 |
141 |
135 |
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Capital, Paid-Up |
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15 |
15 |
15 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.06 |
23.37 |
34.18 |
0.00 |
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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 |
0.62 |
0.68 |
0.26 |
0.06 |
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Notes:
Financials are not disclosed only except the above partial figures.
Forecast
(or estimated) figures for 30/11/2006 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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