MIRA
INFORM REPORT
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Report Date : |
9th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SANTOMI
& CO LTD |
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Registered Office : |
Shin-Kobe
Bldg, 1-1-1 Sannomiyacho Chuoku Kobe 650-0021, 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 : |
June
1948 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of turbine flow meter, adhesives, air valves,
other. |
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 64.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
SANTOMI
& CO LTD
REGD NAME
KK
Santomi Shoten
MAIN OFFICE
Shin-Kobe
Bldg, 1-1-1 Sannomiyacho Chuoku Kobe 650-0021 JAPAN
Tel : 078-331-2525
Fax : 078-321-5072
URL : http://www.santomi.net/
E-Mail address : Osaka@santomi.net, also Tokyo@santomi.net
ACTIVITIES
Import, wholesale of turbine flow meter, adhesives, air valves,
other
BRANCHES
Tokyo, Osaka, Kusatsu (Shiga)
OFFICER(S)
Takeshi Kinoshita, ch
KATSUFUMI KINOSHITA, PRES
Shinzo Kinoshita, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,806 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 488 M
STARTED 1948 EMPLOYES 19
COMMENT
IMPORTER AND WHOLESALER OF CYCLONE TURBINE FLOW METER, OTHER
INDUSTRIAL PARTS & COMPONENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARYBUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 64.2 MILLION, NORMAL TERMS
HIGHLIGHTS
The subject company was established by Mikizo Kinoshita in order
to make most of his experience in the subject line of business. Takeshi is the founder’s son and Katsufumi
the grandson, who took the pres office in Mar 2000 after Takeshi, who then
promoted to the ch. This is a trading
firm, owned by the Kinoshita family, specializing in import and wholesale of
cyclone turbine flow meter used in the semiconductor industry, from Korea. Also handles adhesives, air valves, plastic
fittings & joints, plastic bended tubes, soil improvement chemicals, other. Clients are major industrial machinery mfrs,
chemical firms, etc.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal term amounted to Yen 2,806
million, a 2% up from Yen 2,743 million in the previous term. Demand for the cyclone turbine precision
flow meter from Korea rose on the back of boosting semiconductor industry. Other industrial parts & components also
contributed to the growth. The net
profit, on the other hand, decreased to Yen 31 million from Yen 36 million a
year ago. This is referred to the
rising costs of imports and operations.
For the term ended Dec 2006 the net profit was projected and is
believed posted at Yen 32 million, on an estimated 5% rise in turnover, to Yen
2,950 million. Final results have not
been made available as yet.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 64.2 million, on normal terms.
REGISTRATION
Date Registered : Jun 1948
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800,000 shares
Issued :
200,000 shares
Sum :
Yen 10 million
Major shareholders (%)
Takeshi Kinoshita (15), Shinzo Kinoshita (12), Mikiya Kinoshita
(5)
No. of shareholders: 21
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales cyclone turbine flow meters
(from Korea), adhesives (Loctite), plastic fittings & joints, plastic
bended tubes, other industrial parts & components, soil improvement
chemicals, others (--100%).
Clients
[Machinery mfrs, other mfrs] Mitsubishi Heavy Ind, Dainippon
Screen, Bando Chemical, Mitsuboshi Belt, Nippon Contex, Sumitomo Special
Metals, Daiwabo Co, other
No. of accounts
1,000
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Marubeni Corp, Mitsubishi Corp, Osaka
Commodity Exchange, Zeon Corp, Japan Loctite, Flowell, Kaneka Corp, other.
Imports from SEBA Inc, Korea, other.
Payment record
Regular
Location
Business area in Kobe.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Hyakujushi Bank (Kobe)
Resona Bank (Kobe)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual
Sales |
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2,950
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2,806
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2,743
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2,288
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Recur.
Profit |
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50 |
47 |
49 |
34 |
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Net
Profit |
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32 |
31 |
36 |
22 |
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Total
Assets |
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1,654
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1,558
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1,364
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Current
Assets |
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1,387
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1,309
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1,093
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Current
Liabs |
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1,165
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1,101
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936 |
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Net
Worth |
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488 |
457 |
427 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
10.00
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0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.13 |
2.30 |
19.89
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12.93
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Current Ratio |
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.. |
119.06
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118.89
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116.77
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N.Worth Ratio |
.. |
29.50
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29.33
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31.30
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R.Profit/Sales |
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1.69 |
1.67 |
1.79 |
1.49 |
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N.Profit/Sales |
1.08 |
1.10 |
1.31 |
0.96 |
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Return On Equity |
.. |
6.35 |
7.88 |
5.15 |
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Notes:
Forecast (or estimated) figures for 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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