MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
FEDERATION
OF JAPAN TUNA FISHERIES COOPERATIVE ASSOCIATION |
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Registered Office : |
2-3-22
Kudankita Chiyodaku Tokyo 102-0073, Japan |
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Country : |
Japan |
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Financials (as on): |
31.03.2006 |
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Date of Incorporation : |
June
1950 |
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Legal Form : |
Non-Profit Organization |
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Line of Business : |
Non-profit organization to manage, control, coordinate tuna
fisheries, under OPRT (NGO) |
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 290.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
FEDERATION
OF JAPAN TUNA FISHERIES COOPERATIVE ASSOCIATION
REGD NAME
Nihon
Katsuo Maguro Gyogyousha Kyokai (Non-profit organization)
MAIN OFFICE
2-3-22
Kudankita Chiyodaku Tokyo 102-0073 JAPAN
Tel : 03-3264-6161
Fax : 03-3264-6165
URL :
http://www.oprt.or.jp
E-Mail address :
info@oprt.or.jp
ACTIVITIES
Non-profit organization to manage, control, coordinate tuna
fisheries, under OPRT (NGO) (See REGISTRATION & other parts mentioned
thereof).
BRANCHES
Nil
OFFICERS
YUICHIRO HARADA, MGN DIR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,693 M
PAYMENTS REGULAR CAPITAL Yen 95 M*
TREND STEADY WORTH Yen 328,599 M
STARTED 1950 EMPLOYES 5
*.. Membership fees (annual)
COMMENT
NON-PROFIT ORGANIZATION MANAGING TUNA FISHERIES. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR PROPER BUSINESS OPERATIONS.
MAX CREDIT LIMIT: YEN 290.3 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established as non-profit organization
under the Ministry of Agriculture, Forestry and Fisheries, to engage in
management, operation, supervision and control of tuna fisheries in Japan. It is a member of OPRT (see REGISTRATION),
which consists of 17 regular member corporations. It promotes restraint of the increase in the number of large-scale tuna longliners in the
world to prevent over exploitation of tuna resources, as its main objectives.
It also collaborates, cooperates and exchanges information with international
organizations and governments of related countries for the conservation and
management of tuna resources.
FINANCIAL INFORMATION
The revenues for Mar/2006 fiscal term amounted to Yen 3,693
million, all member fees, subsidies, other, and the operations incurred deficit
to register Yen 1,515 million net losses for the term. This is largely referred to expenditures
spent on scrapping of old-age flag of convenience fishing boats.
The financial situation is considered FAIR and good for PROPER
business engagements. Max credit limit
is estimated at Yen 290.3 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jun 1950
Legal Status :
Non-Profit Organization
Revenues*: 3,693
million (for the 31/03/2006 fiscal term)
*.. Consists of membership fees, government subsidies, consignment
charges, other.
Major Party
Organization for Promotion of Responsible Tuna Fisheries (OPRT),
NGO, founded Apr 1950, having 17 regular member corporations, including the
subject corporation.
No. of members: 17
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Non-Profit organization to promote the proper
conservation and management of tuna
stocks, coordination of tuna catches, coordination of membership corporations, other related operations (--100%).
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Government-related Banks
Relations: Satisfactory
FINANCES
(In Million Yen)
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FINANCES:
(Non-Consolidated in million yen) |
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Terms Ending: |
31/03/2006 |
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INCOME
STATEMENT |
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Annual Sales |
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5,530
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Cost of Sales |
5,208
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GROSS PROFIT |
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Selling & Adm Costs |
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OPERATING PROFIT |
0 |
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Non-Operating P/L |
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RECURRING PROFIT |
0 |
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NET PROFIT |
-1,515
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BALANCE
SHEET |
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Cash |
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290,326
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Receivables |
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Inventory |
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Securities, Marketable |
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Other Current Assets |
194,713
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TOTAL CURRENT ASSETS |
485,039
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Property & Equipment |
6,184
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Intangibles |
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Investments, Other Fixed Assets |
0 |
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TOTAL ASSETS |
491,223
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Payables |
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107,841
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Short-Term Bank Loans |
40,164
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Other Current Liabs |
6,286
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TOTAL CURRENT LIABS |
154,291
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Debentures |
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Long-Term Bank Loans |
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Reserve for Retirement Allw |
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Other Debts |
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8,333
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TOTAL LIABILITIES |
162,624
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MINORITY INTERESTS |
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Common
stock |
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Additional
paid-in capital |
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Retained
earnings |
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Evaluation
p/l on investments/securities |
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Others |
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328,599
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Treasury
stock, at cost |
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TOTAL S/HOLDERS` EQUITY |
328,599
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TOTAL EQUITIES |
491,223
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ANALYTICAL
RATIOS Terms ending: |
31/03/2006 |
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Net
Worth (S/Holders' Equity) |
328,599
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Current
Ratio (%) |
314.37
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Net
Worth Ratio (%) |
66.89
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Recurring
Profit Ratio (%) |
0.00 |
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Net
Profit Ratio (%) |
-27.40
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Return
On Equity (%) |
-0.46
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Note: Sales should
read membership fees, subsidies, contributions, other.
Financials are
available only for this 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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