MIRA
INFORM REPORT
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Report Date : |
9th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MEIYO
BOEKI SHOKAI |
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Registered Office : |
Ziniya
Daiichi Bldg 2F, 1-6-19 Azuchimachi Chuoku Osaka 541-0052, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006
(Estimated) |
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Date of Incorporation : |
1969 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import, export, wholesale of textile machinery, cotton yarns,
fabrics, used cars. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 32 Million |
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Status : |
Small
Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
MEIYO
BOEKI SHOKAI (SOLE PROPRIETORSHIP)
REGD NAME
Meiyo
Boeki Shokai (Sole proprietorship, not registered)
MAIN OFFICE
Ziniya
Daiichi Bldg 2F, 1-6-19 Azuchimachi Chuoku Osaka 541-0052 JAPAN
Tel : 06-6264-0190
Fax : 06-6264-0147
URL : N/A
ACTIVITIES
Import, export, wholesale of textile machinery, cotton yarns,
fabrics, used cars
BRANCHES
Nil
OFFICER(S)
BADHELIA YUSUF, PROPRIETOR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 2,070 M
PAYMENTS REGULAR CAPITAL - - - M
TREND SLOW WORTH Yen 230 M
STARTED 1969 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING IN TEXTILES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 32 MILLION, SECURED TERMS RECOMMENDED
HIGHLIGHTS
The subject firm is a sole proprietorship founded by Badhelia
Yusuf, a Pakistani resident businessman, in order to make most of his
experience in the subject line of business by utilizing his wide networks in
Pakistan and Japan. A trading firm for
import, export and wholesale of textile weaving machines centrally, cotton
yarns, fabrics, and related goods. The subject also exports used motor cars
& parts to Pakistan, India, China, other S/E Asian countries. Imports are
from India, Pakistan, other. Domestic
clients include general trading houses, textile makers, etc.
FINANCIAL INFORMATION
Being a sole proprietorship, financials are disclosed only
partially.
The sales volume for Dec/2005 fiscal term amounted to Yen 2,070
million, a 4% up from Yen 2,000 million in the previous term. Both imports and exports expanded,
particularly exports of used cars and motorcycles enjoyed good sales. The net profit remained similar at Yen 15
million. Rising costs of operations ate
into profits.
For the term ended Dec 2006 the net profit is believed posted at
Yen 16 million, on a 6% rise in turnover, to Yen 2,200 million. Exports continued rising, also weaker Yen
against foreign currencies should have contributed to the sales growth in Yen
terms.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 32 million, on fully secured terms
recommended.
REGISTRATION
Date Registered : Not
registered
(Founded 1969)
Legal Status :
Sole Proprietorship
Net Worth :
Yen 230 million
This is a trading firm wholly owned and operated by Badhelia
Yusuf, on his account. The net worth is
estimated at Yen 230 million, which derived from his savings.
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports and wholesales textile weaving
machines/equipment, their parts & components (70%), cotton yarns (10%),
fabrics (10%); exports used cars & parts, others (--10%).
Clients
[Apparel makers, wholesalers] Kanebo Ltd, Teijin Ltd, Sojitz Corp,
Toyota Tsusho Corp, other. Exports to
India, China, Pakistan, Nepal, Arab states, USA, other.
No. of accounts
80
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Tsudakoma Corp, Teijin Ltd, Kanebo Ltd, Toyota
Tsusho Corp, Sojitz Corp, other.
Imports from Pakistan, India, China, etc.
Payment record
Regular
Location
Business area in Osaka.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Hong Kong Shanghai Banking (Osaka)
Mizuho Bank (Semba)
Relations: Money deposits & transfer only
FINANCES
(In
million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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2,200
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2,070
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2,000
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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16 |
15 |
15 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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230 |
215 |
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Capital,
Paid-Up |
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Div.P.Share(¥) |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.28 |
3.50 |
-3.85
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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 |
0.73 |
0.72 |
0.75 |
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Notes: Financials are
only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2006 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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