MIRA
INFORM REPORT
|
Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
WEST
CORPORATION |
|
|
|
|
Registered Office : |
Foresta Gyoenmae #101, 26 Daikyocho Shinjukuku
Tokyo 160-0015 Japan
|
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2006 |
|
|
|
|
Date of Incorporation : |
August
1990 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale of fruit juice,
food additives, flavor, teas |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
YEN 11.5 MILLION |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Company Name
WEST CORPORATION
REGD NAME
KK West
Corporation
MAIN OFFICE
Foresta Gyoenmae
#101, 26 Daikyocho Shinjukuku Tokyo 160-0015 JAPAN
Tel : 03-3358-6627
Fax : 03-3358-9935
URL : http://homepage2nifty.com/west-corporation (Japanese only)/
E-Mail
address : west.kobayashi@nifty.com
ACTIVITIES
Import,
wholesale of fruit juice, food additives, flavor, teas
BRANCHES
Nil
OFFICERS
KIICHIRO
HOSHINO, PRES
Takehiro
Munakata, s/mgn dir
Wataru
Shiraishi, mgn dir
Yen Amount
In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 737 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
35 M
STARTED 1990 EMPLOYES 3
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN FRUIT JUICE, FRUIT FLAVOR, FOOD ADDITIVES,
ETC. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 11.5 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by
Kiichiro Hoshino in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in import and wholesaleof
fruit juices centrally, fruit flavor, additives, tea leaves, other food stuffs.
Goods are mostly imported thru general traders. Clients are specialty traders and wholesalers. Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Jul/2005 fiscal
term amounted to Yen 730 million, a 23% hike from Yen 598 million in the
previous term. Demand for fruit juices
rose for health benefits. The net
profit was posted at Yen 6 million, up from Yen 1 million the previous year.
For the term ended Jul 2006 the net
profit is estimated posted at Yen 6 million, on a 6% rise in turnover, to Yen
780 million. Weaker Yen is thought contributed
to sales growth in Yen terms. Final
results have not been made available.
The financial situation is considered
FAIR and good for ORDINARYORDINARY business engagements. Max credit limit is estimated at Yen 11.5
million, on 30 days normal terms.
REGISTRATION
Date
Registered : Aug 1990
Legal
Status : Limited Company
(Kabushiki Kaisha)
Authorized : 800 shares
Issued : 200 shares
Sum : Yen 10 million
Major shareholders (%)
Kiichiro
Hoshino (59), Eiko Hoshino (15), Kenji Nakazawa (10)
No. of
shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports and wholesales fruit juices (apple, orange, lemon, grapefruits, papaya,
other), concentrated juice, flavors
(orange, apple, peach, other), food additives, oolong teas, green teas, processed fruits &
foods, mineral water, others (--100%).
Clients
[Specialty
traders, wholesalers] Sun Dia Co, Haruna Beverage, Tokyo Food Techno, Japan Fruit Processing,
Kurokoshi Chemical, other.
No. of accounts
300
Domestic areas of activities
Centered
in greater-Tokyo
Suppliers
[Wholesalers,
mfrs] Japan Fruit Processing, Tokyo Food Techno, Sun Dia, Hiroshima Coop, Sanyo
Trading, Hiro International, other.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Bank
of Tokyo-Mitsubishi UFJ (Shinjukudori)
Tokyo
Tomin Bank (Higashi-Shinjuku)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
31/07/2006 |
31/07/2005 |
31/07/2004 |
|
|
Annual Sales |
|
780 |
737 |
598 |
|
|
Recur. Profit |
|
.. |
.. |
.. |
|
|
Net Profit |
|
6 |
6 |
1 |
|
|
Total Assets |
|
|
N/A |
N/A |
|
|
Net Worth |
|
|
35 |
29 |
|
|
Capital, Paid-Up |
|
|
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
5.83 |
23.24 |
-11.93 |
||
|
Current Ratio |
|
|
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
||
|
N.Profit/Sales |
0.77 |
0.81 |
0.17 |
||
Notes:
Financials are not disclosed only except the above partial figures.
Forecast
(or estimated) figures for 31/07/2006 fiscal term.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|