MIRA
INFORM REPORT
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Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
OKAYA
TORYO KK |
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Registered Office : |
2-4-47 Ochigen Okaya City Nagano-Pref 394-0086,
Japan |
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Country : |
Japan |
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Financials (as on) : |
30/06/2007 |
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Date of Incorporation : |
November
1966 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale of paints & coatings |
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 2.9 MILLION |
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Status : |
Moderate
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name
OKAYA TORYO
KK
REGD NAME
Okaya
Toryo KK
MAIN OFFICE
2-4-47
Ochigen Okaya City Nagano-Pref 394-0086 JAPAN
Tel : 0266-26-4116
Fax : 0266-26-0616
URL : http://www.okaya-toryo.co.jp/ (Japanese only)
E-Mail address : info@okaya-toryo.co.jp
ACTIVITIES
Wholesale of paints & coatings
BRANCHES
Nil
OFFICERS
MASAHIRO KATOH, DIR
Toichi Katoh, ch
Kazuaki Saitoh, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 458 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen 34 M
STARTED 1966 EMPLOYES 14
COMMENT
WHOLESALER SPECIALIZING IN PAINTS & COATINGS. FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2.9 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established
originally in 1959 by Toichi Katoh in order to make most of his experience in
the subject line of business. Masahiro
is the founder’s son, who took the office of pres in Oct 1999. Specializes in wholesaling paints &
coatings for industrial, automotive-use,including waterproofing paints,
adhesives, sealing agents, painting equipment & supplies, other.
Clients include car repair shops, mfr, other.
FINANCIAL INFORMATION
The sales volume for Jun/2006 fiscal
term amounted to Yen 458 million, a 6% up from Yen 434 million in the previous
term. The operations, however, incurred
a deficit to register Yen 11 million recurring loss and Yen 11 million net
loss, respectively. This is referred to
the hike in materials which could not pass on to consumer. This compared with
Yen 1 million recurring and net profits a year ago.
For the current term ending Jun 2007
the operations are expected to come back to profitability but still limited to
a minimum amount post-taxes, despite a 3% rise in turnover, to Yen 470 million.
The financial situation is considered
RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 2.9
million, on 30 days normal terms.
REGISTRATION
Date Registered : Nov 1966
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 80,000 shares
Issued :
20,000 shares
Sum :
Yen 10 million
Major shareholders (%)
Masahiro Katoh, Toichi Katoh, and
families (--100)
No. of shareholders
7
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Wholesales paints &
coatings, painting equipment & supplies, adhesives, sealing agents,
solvents, other industrial chemicals (--100%).
Paints are for industrial and automotive-use.
Clients
[Mfrs, auto industries] Tohatsu Marine,
Daiko Shinsei, Toyo Seiki Kogyo, other
No. of accounts
500
Domestic areas of activities
Centered in Nagano-Pref
Suppliers
[Mfrs, wholesalers] Nippon Paint
Hambai, Sumitomo 3M, Kuboko Paint, Auto Business, Otsuka Paint Brush Mfg, Daiwa
Toryo, Isamu Paint, other.
Payment record
Regular
Location
Business area in Okaya City, adjacent
to Nagano City. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References
Hachijuni Bank (Okaya-Higashi)
Nagano-Pref Shinkin Bank (Okaya)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
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Annual Sales |
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470 |
458 |
434 |
383 |
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Recur. Profit |
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-11 |
1 |
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Net Profit |
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0 |
-11 |
1 |
1 |
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Total Assets |
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356 |
347 |
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Current Assets |
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211 |
214 |
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Current Liabs |
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207 |
209 |
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Net Worth |
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34 |
45 |
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Capital, Paid-Up |
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30 |
30 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.62 |
5.53 |
13.32 |
1.59 |
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Current Ratio |
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101.93 |
102.39 |
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N.Worth Ratio |
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9.55 |
12.97 |
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R.Profit/Sales |
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-2.40 |
0.23 |
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N.Profit/Sales |
0.00 |
-2.40 |
0.23 |
0.26 |
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Return
On Equity |
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-32.35 |
2.22 |
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Notes: Forecast (or estimated) figures for 30/06/2007 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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