MIRA
INFORM REPORT
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Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUZURAN CO LTD |
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Registered Office : |
Comfort Komagome 1F, 1-1-11 Nishigahara Kitaku Tokyo 114-0024 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
Jan 2002 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of fish, marine
products |
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 9.5 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
SUZURAN CO LTD
REGD NAME
KK Suzuran
MAIN OFFICE
Comfort Komagome 1F, 1-1-11 Nishigahara Kitaku Tokyo 114-0024 JAPAN
Tel: 03-5961-8268
Fax: 03-5961-8268
URL: N/A
ACTIVITIES
Import, wholesale of fish, marine products
BRANCHES
Nil
OFFICERS
TERUYOSHI MIYAKE, PRES
Saburo Koyama, v pres
Yoko Miyake, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 600 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND UP WORTH Yen 49 M
STARTED 2002 EMPLOYES 9
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN FISH & MARINE
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 9.5 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Teruyoshi Miyake
originally in 1993 in order to import and wholesale fishes, on his
account. This is a trader specializing
in import and whole- sale of
fishes, raw & frozen, and fishery products. Goods are imported from Italy, other. Clients are fish
markets, fishery dealers, fish shops, other, centering in greater-Tokyo.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The sales volume for Sept/2006 fiscal term amounted to Yen 600 million, a similar amount in the previous term. The business is seen steadily expanding, with client networks expanded. Note the firm reported sales of Yen 220 million for the Sept/2004 fiscal term. The net profit remained unchanged at Yen 6 million
For the current term ending Sept 2007 the net profit is projected
at Yen 7 million, on an 8% rise in turnover, to Yen 650 million. Business is steady.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 9.5 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Jan
2002
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 3,200
shares
Issued: 800
shares
Sum: Yen
40 million
Major shareholders (%):
Teruyoshi Miyake & families (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales raw/frozen fishes, marine
products (--100%).
Clients: Fish markets, fishery stores, fishery dealers,
other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Marco Mart, Baha Biente, other
from Italy, etc. Inland transport is
handled by Nippon Express (using refrigerated trucks).
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Johoku Shinkin Bank (Komagome)
Mizuho Bank (Otsuka)
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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650 |
600 |
600 |
220 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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7 |
6 |
6 |
2 |
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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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49 |
43 |
41 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
8.33 |
0.00 |
172.73 |
69.23 |
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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 |
1.08 |
1.00 |
1.00 |
0.91 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) 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%)