MIRA
INFORM REPORT
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Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
B B TRADING CO LTD |
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Registered Office : |
3-20-17 Kanokodai-Minami Kitaku Kobe 651-1514 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Dec 1999 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Export of packaging materials; import
of gardening tools & supplies |
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 8 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
B B TRADING CO LTD
REGD NAME
YK B. B. Boeki
MAIN OFFICE
3-20-17 Kanokodai-Minami Kitaku Kobe 651-1514 JAPAN
Tel : 078-951-0311
Fax : 078-951-0313
URL : N/A
E-Mail address: bbtrading@nifty.com
ACTIVITIES
Export of packaging materials; import of gardening tools
& supplies
BRANCHES
Nil
OFFICER(S)
MASAAKI BABA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 530 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UP WORTH Yen 25 M
STARTED 1999 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN PACKAGING MATERIALS &
GARDENING SUPPLIES. FINANCIAL SITUATION
CONSIDERED RATHER WEAK BUT GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1984 by Masaaki Baba, on his account. This is a trading firm, owned & operated solely by the Baba family, specializing in exporting paper, paper packaging materials, etc, and importing gardening tools & supplies. Export destinations are mainly S/E Asian countries.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Dec/2005 fiscal term amounted to Yen 530
million, a 4% up from Yen 510 million in the previous term. Exports were slack but imports of gardening
tools & supplies increased. The net
profit remained similar at Yen 5 million.
For the term ended Dec 2006 the net profit was projected and
believed posted at Yen 5 million, on a 4% rise in turnover, to Yen 550
million. Imports continued steady, also
aided by weaker Yen pushing sales amount in Yen terms.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec
1999
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen
3 million
Major shareholders (%): Masaaki Baba and families (100)
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Exports paper materials, paper packaging materials
(60%); imports gardening tools & supplies, others (--40%).
Clients: [Mfrs, wholesalers, individual buyers] Exports paper & paper materials mainly to S/E Asia. Domestic clients include DIY stores, gardening tools dealers, consumers, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Imports gardening tools &
supplies from S/E Asia. Paper &
paper materials are supplied from domestic paper mills, paper dealers, other,
for exports.
Payment record: Regular
Location: Business area in Kobe. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Resona Bank (Kobe)
Minato Bank (Sannomiya)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual
Sales |
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550 |
530 |
510 |
500 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
5 |
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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25 |
19 |
14 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
3.77 |
3.92 |
2.00 |
0.00 |
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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 |
0.91 |
0.94 |
0.98 |
1.00 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2006 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%)