MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
KAIYO LTD |
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Registered Office : |
Hatsuho
Mansion 204, 2-19-11 Shinkawa Chuoku Tokyo 104-0033 |
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Country : |
Japan |
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Date of Incorporation : |
Feb 1994 |
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Legal Form : |
Limited Company
(Kabushiki Kaisha) |
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Line of Business : |
Freight forwarder |
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
8.5 millions |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
KAIYO LTD
REGD NAME
Kaiyo KK
MAIN OFFICE
Hatsuho Mansion 204, 2-19-11
Shinkawa Chuoku Tokyo 104-0033 JAPAN
Tel : 03-3206-1146
Fax : 03-3206-1147
URL : http://www.^
E-Mail address: ^
ACTIVITIES
Freight forwarder
BRANCHES
Nil
OFFICERS
J CHANG, PRES
Ichitaro Ishida, dir
Koichi Satoh, dir
Yen Amount : In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 573 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
18 M
STARTED 1994 EMPLOYES 5
COMMENT
FREIGHT FORWARDER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 8.5 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by J Chang, a resident Chinese, in order to make most of his experience in the subject line of business. This is a freight forwarder and consultant in the shipping business. Stressing business with China. Clients are major general trading houses in Japan and China. Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Aug/2006 fiscal term amounted to Yen 573 million, a similar turnover in the previous term. The net profit remained unchanged at Yen 1 million.
For the current term ending Aug 2007 the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen 290 million. Business is considered steady and expanding.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.5 million, on 30 days normal terms.
REGISTRATION
Date Registered:
Feb 1994
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%) : J Chang (80), Koichi Satoh (10), Ichitaro Ishida (10)
No. of shareholders : 3
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION
Activities: Freight
forwarder (100%).
Clients: [Wholesalers, mfrs.] Marubeni Corp, Nippon Steel, Sumitomo Corp, Mitsui & Co, other.
No. of accounts: 200
Domestic areas of
activities: Nationwide
Suppliers: [Ship owners, ship operators] Shinwa, Daiichi Chuo Lines, Nippon Express, Sankyu Ltd, Kamigumi, Daito Koun, other.
Payment record:
Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFJ (Yaesudori)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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590 |
573 |
575 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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1 |
1 |
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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18 |
17 |
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Capital,
Paid-Up |
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10 |
10 |
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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 |
2.97 |
-0.35
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-0.86
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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 |
0.17 |
0.17 |
0.17 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/08/2007 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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