MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
OMNI TSUDA INC |
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Registered Office : |
4-9-21 Osu Nakaku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Oct 1985 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of lumber,
lumber products, furniture, housing materials |
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 196.5 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
OMNI TSUDA INC
REGD NAME
KK Omni Tsuda
MAIN OFFICE
4-9-21 Osu Nakaku
Tel : 052-242-4111
Fax : 052-242-4110
URL : http://www.omni-tsuda.co.jp
E-Mail
address: corp@omni-tsuda.co.jp
ACTIVITIES
Import,
wholesale of lumber, lumber products, furniture, housing materials
BRANCHES
Ohmiya
(Saitama)
OFFICERS
EIJI
TSUDA, PRES
Yasuyuki
Tsuda, s/mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,963 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen
1,754 M
STARTED 1985 EMPLOYES 55
COMMENT
IMPORTER AND WHOLESALER OF LUMBER, BUILDING MATERIALS. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 196.5 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Eiji Tsuda in order to make
most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of lumber, building materials, lumber products, furniture, etc. Goods are imported from
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 3,963 million, a slight decrease from Yen 3,995 million in the previous term. The recurring profit was posted at Yen 23 million and the net profit at Yen 39 million, respectively, compared with Yen 102 million recurring profit and Yen 72 million net losses, respectively, a year ago. The losses reflect inventory revaluation losses, according to the firm.
For the term ended Mar 2007 the net profit was projected at Yen 40 million, on a 1% rise in turnover, to Yen 4,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 196.5 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Oct 1985
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%): Eiji Tsuda and families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales lumber, lumber products for construction & building, furniture, flooring, walling, other lumber products and building materials (--100%).
Goods
are imported from
Clients:
[Traders, wholesalers] Hokkaido Hokusan, Kibe Co, Kobayashi Shoji, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
Payment
record: Regular
Location: Business area in
Bank References
SMBC
(Nagoya-Sakae)
MUFG (
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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4,000 |
3,963 |
3,995 |
4,428 |
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Recur.
Profit |
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23 |
102 |
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Net
Profit |
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40 |
39 |
-172 |
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Total
Assets |
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2,498 |
2,591 |
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Current
Assets |
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2,264 |
2,423 |
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Current
Liabs |
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533 |
630 |
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Net
Worth |
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1,754 |
1,715 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.93 |
-0.80 |
-9.78 |
6.29 |
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Current Ratio |
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.. |
424.77 |
384.60 |
.. |
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N.Worth Ratio |
.. |
70.22 |
66.19 |
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R.Profit/Sales |
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.. |
0.58 |
2.55 |
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N.Profit/Sales |
1.00 |
0.98 |
-4.31 |
0.00 |
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Return On Equity |
.. |
2.22 |
-10.03 |
.. |
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Note:
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%)