MIRA
INFORM REPORT
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Report Date : |
29th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SANYU TRADING CORPORATION |
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Registered Office : |
No.6 Kawada Bldg 4F, 3-23-8 Yushima Bunkyoku Tokyo 113-0034,
Japan |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007
(Estimated) |
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Date of Incorporation : |
April
1981 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports, exports and wholesales electrical insulation materials
& equipment, components, technologies, related products. |
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 5.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
SANYU TRADING CORPORATION
REGD NAME
Sanyu Boeki KK
MAIN OFFICE
No.6 Kawada Bldg 4F, 3-23-8 Yushima Bunkyoku Tokyo 113-0034 JAPAN
Tel :
03-3833-3281
Fax :
03-3833-2636
URL :
http://www.cyber-reps.com/santrae
E-Mail address :
santra@poplar.ocn.ne.jp
ACTIVITIES
Import, wholesale of electrical insulation materials, generators
& transformers
BRANCHES
Tokyo (warehouse)
OFFICERS
HARUKAZU MORI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 350 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen 50 M
STARTED 1981 EMPLOYES 6
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN ELECTRICAL INSULATION
MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 5.3 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Harukazu Mori in order to
make most of his previous experience in the subject line of business. This is a small-sized trading firm, owned by
the Mori family, specializing in import and wholesale of electrical insulation
materials, components for motors, generators & transformers, wire &
cable materials, polyester, fluorine resins, other. One of the first importers of industrial electrical equipment
& components for heavy-duty machinery industries (see OPERATION). Goods are imported form about 60 mfrs in USA,
Europe, East Europe, Russia, India, etc.
Domestic clients include major heavy machinery mfrs, industrial machinery mfrs,
other, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen 350
million, a 3% up from Yen 340 million in the previous term. This was thanks to rising demand from heavy
machinery mfrs due to business pickup in mfg & exports. The net profit was posted at Yen 5 million,
up from Yen 1 million a year ago.
For the current term ending Mar 2007 the net profit is projected
at Yen 5 million, on a 3% rise in turnover, to Yen 360 million. Demand continues steady.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 5.3 million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr 1981
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
80,000 shares
Issued :
60,000 shares
Sum :
Yen 30 million
Major shareholders (%)
Harukazu Mori (90)
No. of shareholders: 5
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports and wholesales electrical insulation
materials & equipment, components, technologies, related products (--100%):
For Rotating machinery: Insulation materials (Mica products of Cogebi,
laminated plastics plates - phenol, epoxy, polyester film, fluorine resin
products, insulation sleeve & chord,
composite insulation materials & tapes; Insulation treatment (casting
compound, water soluble core varnish, resins); Wires & cables (Gebauer
Griller’s products, magnet wires & enameled wires, insulation sleeves);
Manufacturing facilities/machines (coil winding
machines, automatic under-cut & chamfering machines, drying furnace, heat
press, VPI impregnation system, trickle insulation machines, taping machines;
Other machinery (impregnation ropes/various wires & ropes, cargo handling
devices, heavy duty cargo transportation rollers, commutators;
For Transformers: Insulation materials (laminated wood – plates, rings, bolts & nuts, press boards, insulation Kraft paper, thermal upgraded paper, extensible paper, insula-tion sleeves, crepe paper, composite laminated film, composite laminated plastics with glass/paper, etc, carbon paper, polyester film, composite insulation tapes, dust strips, insulation pipes, ribbons, cords); Components (bushing insulator, heat exchanger, transformer cooling fans & controllers, condenser bushing, tap changers, pressure relief devices, oil level gauges, flow meters, safety valves, impact recorders, others);
For General Industry: Insulation, thermal & corrosion resistant materials (PTFE seal tapes, flexible hoses, heat shrink tubes, polyethylene film for vapor deposit, aluminum tapes for air conditioners, window film sun control); components & equipment (capacitor winding machines, measurement testers, tensile testing machines, air motors for industrial use, multi rotary unions & joints, composing & taping machines and devices); Others (coffees, drafting films, others).
Exports: Cutting machines, various
tools, presses for industrial machinery; Ceramic anchor made by Meidensha Corp;
plant machinery & equipment, spare parts, etc to overseas plants of the
clients below.
(Products firstly imported): Electrical
Insulating Flexible Mica Papers of Cogebi; Chrome-free water soluble core plate
varnish by Rembrandtin Lack; Hi-val press boards by EHV Weidmann; Thermally
upgraded press-papers by Whiteley Ltd; Insulating Caps & condenser bushings
by SSB Industries; Compressed laminated wood insulation materials by Schmeing,
others. (Products are being imported
currently).
Clients
[Heavy machinery mfrs, wholesalers] Hitachi Ltd, Yuasa Corp, Fuji
Electric, Toyo Electric mfg, Mitsubishi Electric, Matsushita Electric Ind,
Meidensha Corp, Toyo Lite Co,
Furukawa Electric Wire, US Navy Yokosuka, Fujikura Corp, Kurimoto Steel, Showa
Solar Energy, other.
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Cogebi (Belgium), Hilmo, Krempel, Rhenatech,
Bakelite, Lackdraht, Stollberg, Schmeing, Kemmerer, KarlStahl (--Germany),
FILP, Coveme, Terrmann, Invex, CED, Electro Marolly, Mazzali (--Italy), Gebauer
Griller, Von Rol Mayer, Rembrandtin Lack, Julium Meinl (--Austria), SABA,
SCAPA, RDR, Derfi, SEG, MAXEI, Karkwood, PRONAL, Automation 2000, Griset, Icone
(--France), Garware, PE Engineer, SSB Industry, AITP, Sukrut (--India), other
from Switz, Finland, USA, Poland, Iran, Canada, China, Turkey, Russia, etc.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFJ (Ueno-Chuo)
Higashinippon Bank (Ueno)
Relations: Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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360 |
350 |
340 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
1 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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50 |
45 |
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Capital,
Paid-Up |
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30 |
30 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.86 |
2.94 |
3.03 |
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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 |
1.39 |
1.43 |
0.29 |
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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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