MIRA
INFORM REPORT
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Report Date : |
16.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GREEN CO LTD |
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Registered Office : |
1159 Shimomasabori Shibayamacho-Hishida Sanbugun Chiba-Pref 289-1602 |
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Country : |
Japan |
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Date of Incorporation : |
Apr 2001 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of cut flowers |
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 5.4 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
GREEN CO LTD
REGD NAME
KK Green
MAIN OFFICE
1159 Shimomasabori Shibayamacho-Hishida Sanbugun Chiba-Pref 289-1602
JAPAN
Tel: 0479-78-0522
Fax: 0479-78-0422
URL: N/A
ACTIVITIES
Import, wholesale of cut flowers
BRANCHES
Nil
OFFICERS
AKIYOSHI KAJIKAWA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 450 M
PAYMENTS REGULAR CAPITAL Yen 16 M
TREND SLOW WORTH Yen 33 M
STARTED 2001 EMPLOYES 3
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CUT FLOWERS. FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 5.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Akiyoshi Kajikawa in
order to make most of his experience in the subject line of business. Specializes in import and wholesale of cut
flowers. Goods are imported from USA,
Sri Lanka, China, Columbia, Guatemala, other, and shipped to flower markets centrally in
greater-Tokyo area.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Mar/2006 fiscal term amounted to Yen 450 million, a 25% up
from Yen 360 million in the previous term.
Client networks expanded. The
net profit was posted at Yen 9 million, up from Yen 7 million a year ago.
For the term just ended Mar 2007 the net profit was projected
at Yen 9 million, on a 4% 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 5.4 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Apr
2001
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,280
shares
Issued: 324
shares
Sum: Yen
16.2 million
Major shareholders (%): Akiyoshi Kajikawa (100)
Nothing detrimental is known as to his commercial morality
OPERATION
Activities: Imports and wholesales cut flowers (100%).
Clients: Flower markets, florists, wholesalers, other.
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Growers, wholesalers] Imports from Guatemala,
China, Columbia, Sri Lanka, USA, other.
Payment record: Regular
Location: Business area in Sanbugun, Chiba-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Chiba Kogyo Bank (Narita)
Relations: Satisfactory
FINANCES
(In Million Yen)
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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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470 |
450 |
360 |
330 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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9 |
9 |
7 |
5 |
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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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33 |
26 |
21 |
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Capital,
Paid-Up |
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16 |
16 |
16 |
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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 |
4.44 |
25.00 |
9.09 |
3.13 |
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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 |
1.91 |
2.00 |
1.94 |
1.52 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) 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%)