MIRA
INFORM REPORT
|
Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
TRAS-INTER
CO. LTD. |
|
|
|
|
Registered Office : |
Yokohama Daiei Bldg 5F, 2-10 Honcho Nakaku
Yokohama 231-0005 Japan |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
August
2001 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Freight forwarder, customs broker |
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 3.7 MILLION |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company name
TRAS-INTER CO LTD
REGD NAME
Tras-Inter KK
MAIN OFFICE
Yokohama Daiei Bldg 5F, 2-10 Honcho Nakaku Yokohama
231-0005 JAPAN
Tel :
045-222-7590
Fax :
045-210-0767
*.. The given address is its Tokyo Branch at:
1-10-11 Hamamatsucho Minatoku
Tokyo
URL : N/A
ACTIVITIES
Freight forwarder, customs broker
BRANCHES
Tokyo
OFFICERS
EIJI HIRONAKA, PRES
Yasuhiro Tamura, dir
Masumitsu Isshiki, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 810 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 15 M
STARTED 2001 EMPLOYES 23
COMMENT
FREIGHT FORWARDER. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3.7 MILLION, 30
DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by
Eiji Hironaka originally in 2001, as Delivery International Co Ltd, in order to
make most of his experience in the subject line of business. In Apr 2005 changed the corporate name as
captioned. This is a customs broker
granted customs clearance license in Apr 2004 and from there started officially
licensed operations. It also is engaged
in freight forwarding business. The Tokyo Branch covers Tokyo Port,
while the Yokohama Headquarters
Yokohama Port. Due to increasing
shipping demand the business continues on the uptrend. Also handles air freight
business. Clients include Altech Co
Ltd* and its group companies.
*.. Altech Co Ltd, Tokyo, independent
trader specializing in industrial machinery, with strength with printing and
image processing systems from Europe.
FINANCIAL INFORMATION
The sales volume for Apr/2006 fiscal
term amounted to Yen 810 million, a 12% up from Yen 746 million in the previous
term. Transportation demand expanded
particularly to and from China, and other S/E Asian countries. The net profit, on the other hand, decreased
to Yen 2 million from Yen 3 million a year ago.
For the current term ending Apr 2007
the net profit is projected at Yen 3 million, on a 5% rise in turnover, to Yen
850 million.
The financial situation is considered
FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.7 million, on 30 days
normal terms.
REGISTRATION
Date Registered : Aug 2001
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Eiji Hironaka (80), Yasuhiro Tamura (10),
Masumitsu Isshiki (10)
No. of shareholders: 3
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Freight forwarder,
including air freight, customs broking, other associated services (--100%).
Clients
[Cargo owners, shipping lines] Altech
Co group firms, Akiyama Seiko, other.
No. of accounts
100
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Shipping lines, freight forwarders]
Sanritsu Corp, Sankyu Inc, United Clearance Agency, United Air Cargo
Consolidators Inc, other.
Payment record
Regular
Location
Business area in Yokohama. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References
Bank of Yokohama (Kannai)
Yokohama Shinkin Bank (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/04/2006 |
30/04/2005 |
30/04/2004 |
|
|
Annual Sales |
|
810 |
746 |
668 |
|
Recur. Profit |
|
|
8 |
|
|
Net Profit |
|
2 |
3 |
2 |
|
Total Assets |
|
|
204 |
|
|
Current Assets |
|
|
187 |
|
|
Current Liabs |
|
|
101 |
|
|
Net Worth |
|
|
15 |
|
|
Capital, Paid-Up |
|
|
10 |
|
|
<Analytical
Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
8.58 |
11.68 |
2.77 |
|
|
Current Ratio |
|
.. |
185.15 |
.. |
|
N.Worth Ratio |
.. |
7.35 |
.. |
|
|
R.Profit/Sales |
|
.. |
1.07 |
.. |
|
N.Profit/Sales |
0.25 |
0.40 |
0.30 |
|
|
Return On
Equity |
.. |
20.00 |
.. |
|
Notes: Financials are not disclosed
only except the above partial figures, except For the 30/04/2005 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 |
|