MIRA
INFORM REPORT
|
Report Date : |
23rd
January, 2007 |
IDENTIFICATION DETAILS
|
Name : |
SAN-A
TRADING CO LTD |
|
|
|
|
Registered Office : |
Yachiyo
East Bldg 8F, Kita-1-21 Tenjimbashi-2 Kitaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2006
(Estimated) |
|
|
|
|
Date of Incorporation : |
February
1975 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Export of textile machines, new & old, their parts &
components |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 10.4 Million |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Name
SAN-A
TRADING CO LTD
REGD NAME
KK San-A
Trading
MAIN OFFICE
Yachiyo
East Bldg 8F, Kita-1-21 Tenjimbashi-2 Kitaku Osaka 530-0041
Tel :
06-6351-7041
Fax : 06-6351-4037
URL : http://www.san-a-tr.co.jp
E-Mail address :
info@san-a-tr.co.jp
ACTIVITIES
Export of textile machines and parts
BRANCHES
Korea Sam-A Trading Co Ltd (Seoul); Shanghai J&S Metallic Yarn
Co Ltd; San-A Trading Shanghai Office (--Shanghai); San-A Trading Vietnam
Office (Ho Chi Ming); San-A (HK) Ltd; San-A (HK) Ltd Shenzhen Office (Shenzhen)
OFFICERS
SEIJI TAKEUCHI, PRES
Tohru Yasui, dir
Jun’ichiro Takeuchi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 2,518 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen 37 M
STARTED 1975 EMPLOYES 9
COMMENT
EXPORTER OF TEXTILE MACHINES AND PARTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 10.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Seiji Takeuchi in order to
make most of his experience in the subject line of business. A small-sized trading firm specializing in
exporting textile machines, new & second-hand, their spare parts &
components. Machines are supplied from major textile machinery mfrs and shipped
to worldwide destinations:
FINANCIAL INFORMATION
The sales volume for Nov/2005 fiscal term amounted to Yen 2,518
million, a 48% up from Yen 1,698 million in the previous term. Exports of textile machinery, particularly of
used & second-hand types, rose into
For the term ended Nov 2006 the net profit was projected and
believed posted at Yen 15 million, on a 3% rise in turnover, to Yen 2,600
million. Weaker Yen is estimated to have
helped sales amount to rise further.
Final results have not been released.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 10.4 million, on 30 days normal
terms.
REGISTRATION
Date Registered : Feb 1975
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
240,000 shares
Issued :
60,000 shares
Sum :
Yen 30 million
Major shareholders (%)
Seiji Takeuchi (45), Toshiyuki Mizutani (23), Makoto Shatani (13),
Iwao Tanaka (10), Masao Furuhata (6)
No. of shareholders: 6
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Exports textile machines, new & old, their parts
& components (90%):
Weaving machines (rubber reducer, high speed gill, mixing gill);
Textile machines (loom for name labels, design system, rings, cylinder wires,
rolling strippers); Warp knitting machines, circular knitting machines, terry
knitting machines, knitting glove machines, other;
Imports tune (from
Invites sales & import agents for T-shirts, fire extinguishers,
ozonizers & deodorants, food freshness preserving systems, etc.
Clients
[Mfrs, wholesalers] Exports to India, China, Vietnam, Taiwan, Hong
Kong, Korea, Thailand, Philippines, Pakistan, Mexico, India, Bangladesh, Indonesia,
USA, Canada, other. Domestic clients:
Murata Machinery, Daizo Co, Fujiki Shoten, etc.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Murata Machinery, Tamurakoma & Co, VPIC,
Kuroiwa Knit Machine, Mitsuwa Ind, TMT Machinery, Kanai Juyo Kogyo, Yoshida
Kikai Kogyo, other. Imports from
Payment record
Regular
Location
Business area in
Bank References
SMBC (Minamimorimachi)
Bank of
Relations: Satisfactory.
FINANCES
(In
Million Yen)
|
Terms Ending: |
30/11/2006 |
30/11/2005 |
30/11/2004 |
|
|
Annual
Sales |
|
2,600
|
2,518
|
1,698
|
|
Recur.
Profit |
|
|
45 |
19 |
|
Net
Profit |
|
15 |
15 |
-20 |
|
Total
Assets |
|
|
727 |
802 |
|
Current
Assets |
|
|
488 |
584 |
|
Current
Liabs |
|
|
457 |
689 |
|
Net
Worth |
|
|
37 |
21 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.26 |
48.29
|
-64.99
|
|
|
Current Ratio |
|
.. |
106.78
|
84.76
|
|
N.Worth Ratio |
.. |
5.09 |
2.62 |
|
|
R.Profit/Sales |
|
.. |
1.79 |
1.12 |
|
N.Profit/Sales |
0.58 |
0.60 |
-1.18
|
|
|
Return On Equity |
.. |
40.54
|
.. |
|
Note: Forecast (or
estimated) for the 30/11/2006 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 |
|