MIRA
INFORM REPORT
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Report Date : |
23rd February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTRAL GREEN CO LTD |
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Registered Office : |
3418 Honda Shibata City Niigata-Pref 959-2335, Japan |
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Country : |
Japan |
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Financials (as on) : |
30.06.2007 (Estimated) |
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Date of Incorporation : |
July 1985 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesales and Imports gardening supplies (fertilizer,
leaf mold, other), other lawn & garden supplies. |
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 27.8 Million |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
CENTRAL GREEN CO LTD
REGD NAME
Central Green KK
MAIN OFFICE
3418 Honda Shibata City Niigata-Pref 959-2335 JAPAN
Tel : 0254-32-2363
Fax : 0254-32-3277
URL :
N/A
ACTIVITIES
Wholesale of horticultural supplies, fertilizers
BRANCHES
Agano (Niigata) (Distribution center)
OFFICERS
TETSUEI WATANABE, PRES Reiko
Watanabe, dir
Katsuo Kamata, dir Miroku
Fujita, dir
Nobushige Abe, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,080 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen 309 M
STARTED 1985 EMPLOYES 16
COMMENT
WHOLESALER SPECIALIZING IN FERTILIZER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 27.8 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Tetsuei Watanabe in
order to make most of his previous
experience in the subject line of business.
Specializes in wholesaling fertilizers, leaf mold, other lawn & garden supplies. Goods are partially imported from China,
Canada, etc. Clients include home centers, DIY goods stores, etc.
FINANCIAL INFORMATION
The sales volume for Jun/2006 fiscal term amounted to Yen
1,080 million, a 29% down from Yen 1,514 million in the previous term. The sales decline is not known. The operations went into the red to post Yen
2 million net loss for the term. This
compares with Yen 43 million net profit a year ago.
For the current term ending Jun 2007 the net profit is
projected at Yen 35 million, on a 39% rise in turnover, to Yen 1,500 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 27.8 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jul
1985
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized : 4,000 shares
Issued :
1,000 shares
Sum :
Yen 50 million
Major shareholders (%)
Tetsuei Watanabe (29), Reiko Watanabe (8)
No. of shareholders: 13
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Wholesales and imports gardening supplies
(fertilizer, leaf mold, other), other lawn & garden supplies (--100%). Goods are also imported from China, Canada,
other.
Clients
[DIY stores, chain stores] Inter Farm, Green Art, Komeri Co,
Raito Kogyo, Rontai Co, Navic KK, Niigata Kempei, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Inter Farm, Kaneko Seeds, Rontai, Nittoh
Bion, other.
Payment record
Regular
Location
Business area in Shibata City, Niigata-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Daishi Bank (Mizuhara)
Daiko Bank (Shibata)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
30/06/2007 |
30/06/2006 |
30/06/2005 |
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Annual
Sales |
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1,500 |
1,080 |
1,514 |
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Recur.
Profit |
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11 |
75 |
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Net
Profit |
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35 |
-2 |
43 |
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Total
Assets |
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972 |
1,095 |
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Current
Assets |
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613 |
573 |
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Current
Liabs |
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411 |
414 |
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Net
Worth |
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309 |
321 |
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Capital,
Paid-Up |
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50 |
50 |
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Div.P.Share(¥) |
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0.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
38.89 |
-28.67 |
7.68 |
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Current Ratio |
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.. |
149.15 |
138.41 |
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N.Worth Ratio |
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31.79 |
29.32 |
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R.Profit/Sales |
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1.02 |
4.95 |
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N.Profit/Sales |
2.33 |
-0.19 |
2.84 |
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Return On Equity |
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-0.65 |
13.40 |
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Note: Forecast (or estimated) for the 30/06/2007 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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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions