MIRA
INFORM REPORT
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Report Date : |
3rd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TOYO GREEN COMPANY LTD |
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Registered Office : |
Hamacho
Access Bldg 4F, 2-33-8 Nihombashi-Ningyocho Chuoku Tokyo 103-0013, Japan. |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
December
1969 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales turf-related products for golf courses. |
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 34.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
TOYO GREEN COMPANY LTD
REGD NAME
Toyo Green KK
MAIN OFFICE
Hamacho Access Bldg 4F, 2-33-8 Nihombashi-Ningyocho Chuoku Tokyo
103-0013 JAPAN
Tel :
03-3249-7731
Fax :
03-3249-7781
URL : http://www.toyo-green.com
E-Mail address :
info@toyo-green.com
ACTIVITIES
Import, wholesale of turf, fertilizer, other for golf
courses
BRANCHES
Osaka, Nagoya, Fukuoka, Tsuchiura, Shizuoka
FACTORY(IES)
(subcontracted)
OFFICERS
TAKAO YAMADA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,262 M
PAYMENTS REGULAR CAPITAL Yen 77 M
TREND STEADY WORTH Yen 215 M
STARTED 1969 EMPLOYES 46
COMMENT
TRADING FIRM SPECIALIZING IN GOLF COURSE TURF. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 34.9 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by 7 local entrepreneurs and
was later became a subsidiary of Arysta Life Science Corp (see
RGISTRATION). This is a trading firm
specializing in import and wholesale of turf-related products for golf courses,
such as agrochemicals, fertilizers, soil conditioners, other. Clients are gold course operators
nationwide.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal term amounted to Yen 1,262
million, a 13% up from Yen 2,167 million for irregular 9 months in the previous
term. The net profit was posted at Yen
27 million, compared with Yen 3 million net loss the previous year.
For the term just ended Dec 2006 the net profit was projected and
believed posted at Yen 28 million, on a 1% rise in turnover, to Yen 3,300
million.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 34.9 million, on 30 days normal terms.
REGISTRATION
Date Registered : Dec 1969
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
616,000 shares
Issued :
154,000 shares
Sum :
Yen 77 million
Major shareholders (%)
Arysta Life Science Corp*(51)
*..Importer and wholesaler of agricultural supplies, Tokyo,
capital Yen 12,358 million, turnover Yen 40,343 million, employees 158, pres
Christopher Richards
No. of shareholders: 47
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales turf-related products for golf
courses: such as herbicides, pesticides, bactericides, other agrochemicals,
fertilizers, seeds & seedlings, turf,
golf course conditioners, tractors, other (--100%).
Clients
[Golf courses] Kasumigaseki Country Club, Hayama Kokusai Country
Club, other.
No. of accounts
800
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Arysta Life Science, Green Care International,
SDS Green, Pfizer, other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Resona Bank (Nihombashi)
SMBC (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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3,300
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3,262
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2,167
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Recur.
Profit |
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71 |
8 |
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Net
Profit |
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28 |
27 |
-3 |
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Total
Assets |
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1,331
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1,372
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Current
Assets |
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1,103
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1,159
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Current
Liabs |
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756 |
722 |
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Net
Worth |
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215 |
189 |
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Capital,
Paid-Up |
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77 |
77 |
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Div.P.Share(¥) |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.16 |
12.91
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-4.30
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Current Ratio |
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145.90
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160.53
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N.Worth Ratio |
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16.15
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13.78
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R.Profit/Sales |
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2.18 |
0.37 |
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N.Profit/Sales |
0.85 |
0.83 |
-0.14
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Return On Equity |
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12.56
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-1.59
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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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