MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
CHUO TRADING CO LTD |
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Registered Office : |
Forum Shimada Bldg 7F, 1-4-8 Shinkawa Chuoku Tokyo 104-0033 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
Jun 1951 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of poultry feeds,
cereals |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 26.4 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
CHUO TRADING CO LTD
REGD NAME
Chuo Boeki KK
MAIN OFFICE
Forum Shimada Bldg 7F, 1-4-8 Shinkawa Chuoku Tokyo 104-0033 JAPAN
Tel : 03-3206-7281
Fax : 03-3206-7292
URL : N/A
ACTIVITIES
Import, wholesale of poultry feeds, cereals
BRANCHES
Nil
FACTORY(IES)
Ibaraki (Warehouse)
OFFICER(S)
HIDEO KOBAYASHI, PRES
Takio Arai, s/mgn dir
Nobuyoshi Kobayashi, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1450 M
PAYMENTS REGULAR CAPITAL Yen 47 M
TREND SLOW WORTH Yen 256 M
STARTED 1951 EMPLOYES 10
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CEREALS & POULTRY
FEEDS. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 26.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1929 by
Tomiyoshi Kobayashi for selling miscellaneous cereals, on his account. Hideo is the founder’s son, who took the
pres office in Apr 1976. Specializes in
importing and wholesaling cereals (excluding rice) and poultry feeds centrally,
and other miscellaneous cereals.
Products are imported widely from USA, Poland, Brazil, Canada,
Australia, China, Thailand, India and other S/E Asian countries.
FINANCIAL INFORMATION
The firm discloses only partial financials.
The sales volume for Sept/2006 fiscal term amounted to Yen 1,450 million, a 1.4% down from Yen 1,480 million in the previous term, hurt by decline in feeds prices. This business tends to be affected by international price quotations. The net profit decreased to Yen 15 million from Yen 21 million a year ago.
For the current ending Sept 2007 the net profit is projected at
Yen 20 million, on a 3% rise in turnover, to Yen 1,500 million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 26.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun
1951
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 320,000
shares
Issued: 94,300
shares
Sum: Yen 47.15 million
Major shareholders (%): Hideo Kobayashi (50) & families
(--50)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports & wholesales cereals (excluding rice),
poultry feeds, other miscellaneous cereals(--100%). Products are imported from USA, Brazil, Poland, China, Canada,
Thailand, India, other S/E Asian countries.
Clients: [Cereal mfrs, wholesalers] Matsuya Seifun (Seifun means flour milling in Japanese), Shinyo Shokuhin, Miyamoto Seifun, Ishimori Seifun, Fuji Seifun Sangyo, Suzuki Seifunsho, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from about 50 suppliers
in USA, Canada, Australia, China, Poland, Thailand, India, other S/E Asian
countries. Domestically supplied from
farm coops in Hokkaido.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Fukagawa)
Bank of Tokyo-Mitsubishi UFJ (Monzen-nakacho)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2007 |
30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual
Sales |
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1,500 |
1,450 |
1,480 |
1,430 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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20 |
15 |
21 |
20 |
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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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256 |
241 |
220 |
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Capital,
Paid-Up |
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47 |
47 |
47 |
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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 |
3.45 |
-2.03 |
3.50 |
1,582.35 |
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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 |
1.33 |
1.03 |
1.42 |
1.40 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2007 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%)