MIRA
INFORM REPORT
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Report Date : |
30.06.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
HGC Bldg 2F, 2-8-3 Higashikanda Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Dec 1961 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of shotguns,
hunting guns, rifles, other. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 12 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
REGD NAME
MAIN OFFICE
HGC Bldg 2F, 2-8-3
Higashikanda Chiyodaku
Tel : 03-3863-8981
Fax : 03-3863-8985
URL : http://www.jgt.co.jp
E-Mail
address: info@jgt.co.jp
ACTIVITIES
Import,
wholesale of shotguns, hunting guns, rifles, other.
BRANCHES
Nil
OFFICERS
YUKIO
HIGUCHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 680 M
PAYMENTS REGULAR CAPITAL Yen 70 M
TREND SLOW WORTH Yen
250 M
STARTED 1961 EMPLOYES 12
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN SHOTGUNS & RIFLES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 12 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a specialized trader of rifles,
shotguns, other. Sole distributor of
Pietro Beretta Spa (
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen 680 million, an 8% down from Yen 740 million in the previous term. Stricter regulations on guns/rifles are making it harder to market them. The net profit was posted at Yen 9 million, compared with Yen 10 million a year ago.
For the term ended Mar 2007 the net profit was projected at Yen 9 million, on a 2% rise in turnover, to Yen 690 million. The handling volume remained similar, but the weaker Yen should have uplifted 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 12 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 1961
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 560,000 shares
Issued: 140,000 shares
Sum: Yen 70 million
Major shareholders (%): Yukio
Adachi (majority owned)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales shotguns, long guns, rifles, hunting guns, sports guns, air guns, their parts & accessories, gun shells, shooting outfits, other related goods (--100%).
(Agent distributor for): Pietro Beretta Spa, Game Bore, Aimpoint, Clean Bore, Theoben, Peltor, Merketl, Crosman, Falco, other.
Clients:
Distributed to about 400 gun shops nationwide
No. of
accounts: 400-500
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Pietro Beretta (80%), Game Bore, other.
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Bank (Yotsuya)
SMBC (Shinjukudori)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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690 |
680 |
740 |
780 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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9 |
9 |
10 |
10 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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250 |
241 |
231 |
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Capital,
Paid-Up |
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70 |
70 |
70 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.47 |
-8.11 |
-5.13 |
-1.27 |
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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 |
1.30 |
1.32 |
1.35 |
1.28 |
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Note: Financials
are only partially disclosed.
Forecast
(or estimated) for the 31/03/2007 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%)