MIRA
INFORM REPORT
|
Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CHUO MINERAL & CERAMIC CO LTD |
|
|
|
|
Registered Office : |
1205
Takawadocho Mizunami City Gifu-Pref 509-6121 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
Feb 1951 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Manufacturing of refractory materials |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Yen
4.6 millions |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
CHUO MINERAL & CERAMIC CO LTD
REGD NAME
KK Chuo
Mineceram
MAIN OFFICE
1205
Takawadocho Mizunami City Gifu-Pref 509-6121 JAPAN
Tel :
0572-67-2131
Fax :
0572-67-2133
URL :
N/A
ACTIVITIES
Mfg of refractory materials
BRANCHES
Nil
FACTORY(IES)
At the caption address
OFFICERS
YOSUKE ITOH, PRES
Shizuko Itoh, dir
Yen Amount : In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 380 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 74 M
STARTED 1951 EMPLOYES 21
COMMENT
MFR SPECIALIZING IN REFRACTORY MATERIALS. FINANCIAL SITUATION CONSIDERED FAIR AND
GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yosuke Itoh in order to make most of his experience in the subject line of business. Specializes in mfg factory furnace & related products: silicon carbide heating element & heating equipment, other. Clients are refractory materials mfrs nationwide. One of main suppliers of Tokai Konetsu Kogyo Co Ltd, nation’s largest maker of silicon carbide heating elements & equipment, consolidated subsidiary of Tokai Carbon Co Ltd, nation’s largest mfr of carbon black, Tokyo.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2005 fiscal term amounted to Yen 380
million, a 20% sharp rise from Yen 315 million in the previous term. This was thanks to the recovery in related industries
that spurred demand. The net profit, on
the other hand, decreased to Yen 4 million from Yen 9 million a year ago, due
to skyrocketing fuel oil prices and materials costs.
For the term just ended Dec 2006 the net profit is believed posted
at Yen 4 million, on a 5% rise in turnover, to Yen 400 million. Materials costs keep rising, eating into
profits.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 4.6 million, on 30 days normal terms.
REGISTRATION
|
Date Registered |
Feb 1951 |
|
Legal Status |
Limited Company (Kabushiki Kaisha) |
|
Authorized |
80,000 shares |
|
Issued |
20,000 shares |
|
Sum |
Yen 10 million |
|
Major shareholders (%) |
Yosuke Itoh (94.5), Shizuko Itoh (5.5) |
|
No. of shareholders |
2 |
|
|
Nothing detrimental is known as to the commercial morality of
executives. |
OPERATION
Activities: Manufactures factory furnace & related products, diatom earth, silicon carbide heating element & equipment for electronics, ceramics & chemicals, other refractory materials (--100%).
Clients
[Mfrs, wholesalers, specialty stores] Tokai Konetsu Kogyo,
Takasago Industry, Acoh Ceramic Co, Ookura Trading, other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Iwatani International, Pacific Sowa Corp,
Ohira Co, Takasago Industry, Kojima Taika, other.
Payment record: Regular
Location
Light industrial area in Mizunami City, Gifu-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Juroku Bank (Mizunami)
Ogaki Kyoritsu Bank (Mizunami)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
|
Annual Sales |
|
400 |
380 |
316 |
292 |
|
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
|
Net Profit |
|
4 |
4 |
9 |
1 |
|
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net Worth |
|
|
74 |
70 |
61 |
|
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
5.26 |
20.25 |
8.22 |
-8.46 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
1.00 |
1.05 |
2.85 |
0.34 |
||
Financials are only partially disclosed.
Forecast (or estimated) for the 31/12/2006 fiscal term.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|