MIRA
INFORM REPORT
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Report Date : |
29.06.2007 |
IDENTIFICATION DETAILS
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Name : |
BLAXTON
CORPORATION |
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Registered Office : |
4-20-701 Sakuragicho Nishiku |
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Country : |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
Jun 2004 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of cashew
nuts, almond nuts, 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 6.5 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
BLAXTON
CORPORATION
REGD NAME
KK Blaxton
MAIN OFFICE
4-20-701
Sakuragicho Nishiku
Tel : 045-640-0626
Fax : 045-662-6165
URL : N/A
ACTIVITIES
Import,
wholesale of cashew nuts, almond nuts, other
BRANCHES
Nil
OFFICERS
JOJI
ISHIGURO, PRES
Yoko
Ishiguro, dir
Misao
Tanokuchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 446 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
36 M
STARTED 2004 EMPLOYES 2
COMMENT
TRADING FIRM SPECIALIZING IN NUTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 6.5 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Joji Ishiguro in order
to make most of his previous experience in the food industry. This is a family-based trading firm
specializing in import and wholesale of cashew nuts, walnuts, almond nuts,
pistachio nuts, other confectionery mfg
materials. Goods are imported from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for May/2006 fiscal term amounted to Yen 446 million, a 9% up from Yen 408 million in the initial account term. Business is seen on the upswing. The net profit remained similar at Yen 13 million.
For the term just ended May 2007 the net profit was projected at Yen 14 million, on an 8% rise in turnover, to Yen 480 million. Weaker Yen should have helped uplift sales amount in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 6.5 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Jun 2004
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Joji Ishiguro
(55), Yoko Ishiguro (45)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales cashew nuts, almond, walnuts, pistachio, other nuts as confectionery mfg materials (--100%).
Clients: [Mfrs, wholesalers] Crown Foods, Union Shoji, Ikeda Foods, Union Shoji, Ikenobe Shokuhin, other.
No. of
accounts: 100
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Mfrs, wholesalers] Union Shoji, Toho Bussan Kaisha, other.
Imports
from
Payment
record: Regular
Location: Business area in
Bank References
Bank
of
MUFG
(Yokohama-Chuo)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual
Sales |
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480 |
446 |
408 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net Profit |
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14 |
13 |
13 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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36 |
23 |
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Capital,
Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.62 |
9.31 |
0.00 |
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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 |
2.92 |
2.91 |
3.19 |
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Note:
Financials are only partially disclosed.
The 31/05/2005
is the initial accounting term from the inception.
Forecast
(or estimated) for the 31/05/2007 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%)