MIRA
INFORM REPORT
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Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GNT CORPORATION |
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Registered Office : |
3-13-10 Higashiyama Meguroku Tokyo 153-0043 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1989 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export of horticultural
supplies, car accessories |
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 1.5 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
GNT CORPORATION
REGD NAME
KK JENTI
MAIN OFFICE
3-13-10 Higashiyama Meguroku Tokyo 153-0043 JAPAN
Tel : 03-3710-8110
Fax : 03-3710-8123
URL : N/A
ACTIVITIES
Import, export of horticultural supplies, car accessories
BRANCHES
Nil
OFFICERS
AISHU TOYOTA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 98 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 30 M
STARTED 1989 EMPLOYES 2
COMMENT
IMPORTER AND EXPORTER SPECIALIZING IN HORTICULTURAL SUPPLIES. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.5 MILLION, 30 DAYS NORMAL TERMS, RECOMMENDING
SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Aishu Toyota in order to
make most of her experience in the subject line of business. This is a one-man (woman) operated trading
firm, operating from her home, specializing in importing gardening soils &
conditioners, auto accessories, and other daily necessities. Goods are imported from Indonesia, China,
Canada, etc, and exported to
Taiwan, USA, China, other.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen 98 million, a 3% up from Yen 95 million in the previous term. The net profit remained similar at Yen 3 million.
For the term just ended Mar 2007 the net profit is believed
posted at Yen 3 million, on a 2% rise in turnover, to Yen 100 million. Weaker Yen should have assisted to uplift
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 1.5 million, on 30 days normal
terms, we, however, recommend secured terms on new transactions.
REGISTRATION
Date Registered: Apr
1989
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Aishu
Toyota (100)
Nothing detrimental is known as to her commercial morality.
OPERATION
Activities: Imports, exports and wholesales horticultural
supplies (soil conditioners “beat moss”, other), also car accessories and
related goods (--100%).
Clients: Mfrs, wholesalers, other. Exports to Taiwan, China, USA, etc.
No. of accounts: 30
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Mitsui Chemical, Toto Kogyo,
other.
Imports from Taiwan, Indonesia, China, Canada, etc.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned by A Toyota as
her home residence and maintained satisfactorily.
Bank References
MUFG (Shinjuku-Chuo)
Mizuho Bank (Shibuya-Chuo)
Relations: Money deposits and transfers only.
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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100 |
98 |
95 |
95 |
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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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30 |
25 |
20 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
2.04 |
3.16 |
0.00 |
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 |
5.00 |
5.10 |
5.26 |
5.26 |
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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%)