MIRA
INFORM REPORT
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Report Date : |
07.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
KONISHI SANGYO CO LTD |
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Registered Office : |
YK Bldg, 1-28-7 Kitashinagawa Shinagawaku Tokyo 140-0001 |
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Country : |
Japan |
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Date of Incorporation : |
Jun 1963 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of hockey outfits,
aluminum sashes |
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 8.7 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
KONISHI SANGYO CO LTD
REGD NAME
Konishi Sangyo KK
MAIN OFFICE
YK Bldg, 1-28-7 Kitashinagawa Shinagawaku Tokyo 140-0001 JAPAN
Tel: 03-5769-2881
Fax: 03-2769-2882
URL: N/A
ACTIVITIES
Import, wholesale of hockey outfits, aluminum sashes
BRANCHES
Osaka
OFFICER(S)
YASUFUMI TANNO, PRES
Hiroshi Nakashima, dir
Keizo Kitahara, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 488 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND SLOW WORTH Yen 92 M
STARTED 1963 EMPLOYES 7
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN HOCKEY OUTFITS AND ALUMINUM SASHES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 8.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Yasufumi Tanno, a one-time hockey player himself, in order to make most of his experience in the subject line of business. This is a trading house for importing and wholesaling hockey outfits, except wears & boots, for supply to hockey club operators, sports clubs, other. Goods are imported mainly form Canada. Also supplied from domestic suppliers. The financials are only partially disclosed.
FINANCIAL INFORMATION
The
financials are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen 488 million, a 5% down from Yen 516 million in the previous term. This refers to rather sluggish demand for products as a result of some of some of major firms withdrawing from hockey team operations. National popularity waned as other winter sports like ice skating, jumps, etc gaining more popularity. The operations dipped into the deficit to post Yen 17 million net losses for the term. This is referred to the rising costs of imports, according to the firm.
For the term just ended Mar 2007 the operations were projected
to return profitability to post Yen 5 million, on a 2% rise in turnover, to Yen
500 million. Weaker Yen should have
contributed. Final results are yet to
be produced.
The financial situation is considered maintained FAIR and
should be good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.7 million, on 30 days
normal terms.
REGISTRATION
Date Registered: Jun
1963
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 200,000
shares
Issued: 50,000
shares
Sum: Yen
25 million
Major shareholders (%): Yasufumi Tanno (80), Mikio Kunimitsu
(8)
No. of shareholders: 8
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales hockey outfits (80%),
aluminum sashes, other aluminum building materials (20%).
Goods are imported mainly from Canada.
Clients: [Hockey team owners (business firms), mfrs,
wholesalers] Kanto Rock Wool, Oji Paper, Oji Tac, Prince Hotel,
other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nippon NSC, Oji Tac, Nippon Oil,
other. Also imports from H & B, WW Hockey, Hespeler, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Meguro-Ekimae)
Relations: Satisfactory
FINANCES
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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500 |
488 |
516 |
535 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
-17 |
44 |
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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92 |
109 |
65 |
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Capital,
Paid-Up |
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25 |
25 |
25 |
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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 |
2.46 |
-5.43 |
-3.55 |
529.41 |
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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 |
1.00 |
-3.48 |
8.53 |
0.19 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2007 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)