MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SANYOU CO LTD |
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Registered Office : |
4-30 Tamagawacho Minamiku |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Aug 1966 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Wholesale of asphalt |
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 78.9 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
SANYOU CO LTD
REGD NAME
Sanyou KK
MAIN OFFICE
4-30 Tamagawacho
Minamiku
Tel : 092-561-2288
Fax : 092-561-2210
URL : http://sanyou-jp.com
E-Mail : sanyou@sanyou-jp.com
ACTIVITIES
Wholesale
of asphalt
BRANCHES
OFFICER(S)
Shigeo
Hiraki, rep ch SHIGERU
HIRAKI, PRES
Shosaku
Enokidani, dir Ikuo
Eguchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,380 M
PAYMENTS REGULAR CAPITAL Yen 24 M
TREND STEADY WORTH Yen
673 M
STARTED 1966 EMPLOYES 15
COMMENT
WHOLESALER SPECIALIZING IN ASPHALT & OTHER ROAD PAVING MATERIALS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 78.9 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Shigeo Hiraki in order to make the most of his experience in the construction industry. Shigeru is the founder’s son. Specializes in wholesaling asphalt and other road paving materials. Goods are also imported and exported. Clients are major road pavers, golf course operators, park management firms, etc. Executes road-paving & earth works, too.
FINANCIAL INFORMATION
The sales volume for Dec/2006 fiscal term amounted to Yen 2,380 million, a 14% up from Yen 2,091 million in the previous term. Public works recovered. Golf course works also increased. The recurring profit decreased to Yen 4 million from Yen 11 million, and the net profit to Yen 2 million from Yen 6 million a year ago. This is referred to the rising cost of materials and fuel prices.
For the current term ending Dec 2007 the net profit is projected at Yen 3 million, on an almost similar turnover, at Yen 2,400 million. Demand for road construction materials is expected to pick up, according to the firm.
The financial situation is considered maintained FAIR and should be good for ORDINARY business engagements. Max credit limit is estimated at Yen 78.9 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Aug 1966
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 196,000 shares
Issued: 24,000 shares
Sum: Yen 24 million
Major shareholders (%): Shigeo Hiraki (49.7)), Shigeru
Hiraki (17.7), Mariko Hiraki (7.1), Junko Hiraki (5.0), Chie
Matsui (5.0)
No. of
shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales asphalt and other road construction materials; executes road paving works & earth works, and the related (--100%).
Clients: [Road pavers, construction firms, parks] Maeda Road
Construction, Nippon Road, Nippo Corp, Daioh Construction,
No. of
accounts: 800
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, oil refiners, wholesalers] Fuji Kosan, Cosmo Asphalt, Bayer Chemicals Japan, Itochu Enex, other.
Payment
record: Regular
Location: Business area in
Bank References
SMBC (
Saga
Bank (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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2,400 |
2,380 |
2,093 |
1,843 |
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Recur.
Profit |
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4 |
11 |
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Net
Profit |
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3 |
2 |
6 |
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Total
Assets |
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1,547 |
1,528 |
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Current
Assets |
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861 |
842 |
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Current
Liabs |
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746 |
620 |
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Net
Worth |
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673 |
672 |
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Capital,
Paid-Up |
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24 |
24 |
24 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.84 |
13.71 |
13.56 |
-8.58 |
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Current Ratio |
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115.42 |
135.81 |
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N.Worth Ratio |
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43.50 |
43.98 |
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R.Profit/Sales |
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0.17 |
0.53 |
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N.Profit/Sales |
0.13 |
0.08 |
0.29 |
0.00 |
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Return On Equity |
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0.30 |
0.89 |
.. |
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Notes:
Forecast (or estimated) figures for 31/12/2007 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%)