MIRA
INFORM REPORT
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Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
HOKKAIDO NOZAI KOGYO CO LTD |
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Registered Office : |
Hokuen Bldg 3F, 6-1 Kita-7jo-Nishi Kitaku Sapporo 060-0807 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
May 1947 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of tiles, bricks, agricultural supplies |
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 13.3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
HOKKAIDO NOZAI KOGYO CO LTD
REGD NAME
Hokkaido Nozai Kogyo KK
MAIN OFFICE
Hokuen Bldg 3F, 6-1 Kita-7jo-Nishi Kitaku Sapporo 060-0807 JAPAN
Tel :
011-716-3291
Fax :
011-716-3257
*.. The given address is its Tokyo Branch at: F&Y Bldg 3F, 2-26-8
Hyakunincho Shinjukuku Tokyo.
URL :
http://www.nozai.co.jp
E-Mail address : info@nozai.co.jp
ACTIVITIES
Mfg of tiles, bricks, agricultural supplies
BRANCHES
Tokyo, Asahikawa, Tokachi
FACTORY(IES)
Mibai, Tokachi, Toyokoro
OFFICERS
MINORU ADACHI, PRES Akio
Uehara, s/mgn dir
Takashi Satoh, mgn dir Yuji
Haseda, mgn dir
Tohru Takahashi, dir Tetsuhiro
Deguchi, dir
Yen Amount : In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 2,839 M
PAYMENTS REGULAR CAPITAL Yen 88 M
TREND SLOW WORTH Yen 224 M
STARTED 1947 EMPLOYES 108
COMMENT
MFR OF AGRICULTURAL SUPPLIES, AFFILIATED TO SNOW BRAND SEED.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 13.3 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
This is Snow Branch Seed Co affiliated firm specializing in mfg
agricultural, construction and marine-related materials & supplies (see
OPERTION). Business conducted with
close relationship with Hokuren Federation of Agricultural Cooperatives. Based in Hokkaido, operations are extended
into Tokyo and vicinities.
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 2,839 million,
a 10% down from Yen 3,172 million in the previous term. The net profit was decreased to Yen 39
million from Yen 53 million a year ago.
For the current term ending Mar 2007 the net profit is projected at Yen
42 million, on a 9% rise in turnover, to Yen 3,100 million.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 13.3 million, on 30 days normal terms.
REGISTRATION
Date Registered : May 1947
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized : 7
million shares
Issued :
1.76 million shares
Sum :
Yen 88 million
Major shareholders (%)
Employees’ S/Holding Assn (40), Snow Brand Seed (37), Hokuren Federation
of Agricultural Coops (16), Norin Chukin Bank (4)
No. of shareholders: 9
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Manufactures agricultural materials, construction materials,
marine materials, others (--100%).
Agricultural
materials & supplies: unglazed clay pipes, calcium carbonate fertilizer,
organic soil conditioner, molding, afforestation materials & supplies;
Construction
materials & supplies: ceramic tiles, ceramic blocks, ceramic clayware,
ceramic panels, external heat insulations, paving tiles, other;
Marine supplies: fish bed, octopus
laying bed, other.
Clients
[Mfrs, wholesalers] Itochu Agri System, Hokuren, other.
No. of accounts
500
Domestic areas of activities
Centered in Hokkaido
Suppliers
[Mfrs, wholesalers] Mitsui Mining, Clean Tech, Ceramic Urban, other.
Payment record
Regular
Location
Business area in Sapporo. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References
Norin Chukin Bank (Sapporo)
North Pacific Bank (Ohdori)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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3,100 |
2,839 |
3,172 |
3,607 |
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Recur.
Profit |
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65 |
55 |
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Net
Profit |
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42 |
39 |
53 |
-237 |
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Total
Assets |
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3,774 |
3,871 |
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Current
Assets |
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1,489 |
1,415 |
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Current
Liabs |
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2,120 |
2,179 |
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Net
Worth |
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224 |
185 |
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Capital,
Paid-Up |
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88 |
88 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.19 |
-10.50 |
-12.06 |
-10.43 |
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Current Ratio |
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70.24 |
64.94 |
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N.Worth Ratio |
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5.94 |
4.78 |
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R.Profit/Sales |
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2.29 |
1.73 |
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N.Profit/Sales |
1.35 |
1.37 |
1.67 |
-6.57 |
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Return On Equity |
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17.41 |
28.65 |
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Note: 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%)