MIRA
INFORM REPORT
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Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHINSEI SHOJI KK |
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Registered Office : |
Sako Service Bldg 4F, 1-1-5 Iwamotocho Chiyodaku Tokyo 101-0032 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2008 |
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Date of Incorporation : |
May, 1968 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesale of electric/electronic insulating
materials, coating materials, burn off oven, insulating mats, chemical
products, electric equipment & facilities |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 42.7 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
SHINSEI SHOJI CO LTD
REGD NAME: Shinsei Shoji KK
MAIN OFFICE: Sako Service Bldg 4F,
1-1-5 Iwamotocho Chiyodaku Tokyo 101-0032 JAPAN
Tel:
03-3866-4881 Fax: 03-3866-4886
URL:
E-mail: info@shinsei-shoji.co.jp
ACTIVITIES: Import,
export of electronic/electric insulating materials, chemical products
BRANCHES: Nagoya,
Ibaraki
OFFICERS: Yuhei
Hanai, ch
YUSUKE
SAKAI, PRES
Yoshio
Mori, mgn dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 4,317 M
PAYMENTS REGULAR CAPITAL Yen 24 M
TREND STEADY WORTH Yen
203 M
STARTED 1968 EMPLOYES 18
COMMENT: TRADING HOUSE SPECIALIZING IN ELECTRONIC
INSULATING MATERIALS.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 42.7 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was
established by Yuhei Hanai in order to make most of his experience in the
subject line of business. In Oct 2006,
Yuhei Hanai promoted to the ch and Yusuke Hara took the office of pres. This is a trading house specializing in
electronic/electric insulating materials, chemical products, electric equipment
& facilities. Acts as import agents
for European mfrs (See OPERATION).
Domestic clients are electric appliance mfrs, electronic machinery mfrs,
other, nationwide.
FINANCIAL INFORMATION
The sales volume for Jun/2007
fiscal term amounted to Yen 4,317 million, a 10% down from Yen 4,783 million in
the previous term. The recurring profit
was posted at Yen 34 million and the net profit at Yen 20 million,
respectively, compared with Yen 21 million recurring profit and Yen 13 million
net profit, respectively, a year ago.
For the current term ending Jun 2008
the net profit is projected at Yen 21 million, on a 4% rise in turnover, to Yen
4,500 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 42.7
million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1968
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 192,000 shares
Issued: 48,000 shares
Sum: Yen 24 million
Major shareholders (%): Yuhei Hanai (33), Hideyuki Ozaki (20), Satoshi Takeuchi (18), Hitoshi Takeuchi (17)
No. of shareholders: 10
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports and wholesale of electric/electronic insulating materials, coating materials, burn off oven, insulating mats, chemical products, electric equipment & facilities (--100%).
Import Agent for:
GE, ACIM (--USA); ISOLA, Micafil Vakuumtechnik, Micamation, Von Roll Beltec (--Switz); UDD-FIM SA (France); Stakstrom-Garartebau GmbH (Germany), other.
Clients: [Mfrs, wholesalers] Hitachi Ltd, Tomoegawa Co, Kyocera Chemical, Fuji Electric Systems, Arisawa Mfg Co, Mitsubishi Shindoh, Syntek Co, other..
No. of accounts: 500
Domestic areas
of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Ube Ind, Arisawa Mfg, Hitachi
Chemical, Ryoden Kasei, Wago Co of Japan, other.
Imports from USA, Switz, France, Germany, other, as import
agent.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
MUFG
(Asakusabashi)
Bank
of Yokohama (Tokyo)
Relations:
Satisfactory
FINANCES: (In Million
Yen)
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Terms Ending: |
30/06/2008 |
30/06/2007 |
30/06/2006 |
30/06/2005 |
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Annual Sales |
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4,500 |
4,317 |
4,783 |
4,007 |
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Recur. Profit |
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34 |
21 |
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Net Profit |
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21 |
20 |
13 |
22 |
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Total Assets |
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1,658 |
1,724 |
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Current Assets |
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1,423 |
1,497 |
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Current Liabs |
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1,017 |
1,078 |
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Net Worth |
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203 |
184 |
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Capital, Paid-Up |
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24 |
24 |
24 |
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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 |
4.24 |
-9.74 |
19.37 |
7.57 |
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Current Ratio |
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.. |
139.92 |
138.87 |
.. |
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N.Worth Ratio |
.. |
12.24 |
10.67 |
.. |
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R.Profit/Sales |
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.. |
0.79 |
0.44 |
.. |
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N.Profit/Sales |
0.47 |
0.46 |
0.27 |
0.55 |
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Return On Equity |
.. |
9.85 |
7.07 |
.. |
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Notes: Forecast (or estimated) for the 30/06/2008 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. |
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%)