MIRA
INFORM REPORT
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Report Date : |
27.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
NAGOYA COMMUNITUS INC |
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Registered Office : |
Shopping Center Cosmo, 5-50 Chiyogaoka Chigusaku Nagoya 464-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2007 |
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Date of Incorporation : |
Nov 1974 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Management of a commercial building. |
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. |
Small |
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Maximum Credit Limit : |
Yen 4.5 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
NAGOYA COMMUNITUS INC
REGD NAME
Nagoya Communitus KK
MAIN OFFICE
Shopping Center Cosmo, 5-50 Chiyogaoka Chigusaku Nagoya 464-0005 JAPAN
Tel : 052-775-3441
Fax : 052-775-3352
URL : N/A
ACTIVITIES
Management of a commercial building at the caption address
BRANCHES
Nil
BUILDINGS
At the caption address
OFFICERS
YOSHINORI KATAYAMA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 250 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 519 M
STARTED 1974 EMPLOYES 2
COMMENT
MANAGER
OF COMMERCIAL BUILDING. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.5
MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Kiyotaka Hirano as a
management company of the commercial building at the caption address, owned by
Hirano families. Yoshinori Katayama is
the founder’s son in law, who took the office of pres in Feb 2004. This is a manager of commercial building at
the caption, address, renting to supermarket, dentist, medical clinic and other
facilities. The firm is reportedly
engaged in import of goods from S/E Asia, details of which not revealed. Y Katayama declined to disclose any
information on operations other than the management of the building.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Oct/2006 fiscal term amounted to Yen 250 million, a similar amount in the previous term. The net profit was posted at Yen 25 million, down from Yen 29 million a year ago. Maintenance and operation costs hikes ate into profits.
For the term ended Oct 2007 the net profit was projected and
believed posted at Yen 25 million, on a similar turnover, to Yen 250
million. The business is seen steady
and solid.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 4.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
1974
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders (%): Kiyotaka
Hirano, other (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Management of a commercial building (100%)
Also imports commercial goods from S/E Asia.
Clients: [Tenants] Aoki Supermarket, Cosmo Dental Clinic Takada, Chiyogaoka Clinic, other.
No. of accounts: 20 (Tenants)
Domestic areas of activities: Limited in Nagoya
Suppliers: [Building manager] O&K Co, other.
Payment record: Regular
Location: Business area in Nagoya. Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
MUFG (Nagoya)
Resona Bank (Nagoya-Ekimae)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/10/2007 |
31/10/2006 |
31/10/2005 |
31/10/2004 |
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Annual Sales |
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250 |
250 |
250 |
240 |
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Recur. Profit |
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Net Profit |
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25 |
25 |
29 |
1 |
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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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519 |
494 |
465 |
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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 |
0.00 |
0.00 |
4.17 |
9.09 |
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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 |
10.00 |
10.00 |
11.60 |
0.42 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) for the 31/10/2007 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. |
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%)