MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
YASUMA CO LTD |
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Registered Office : |
5-23-2 Nishigotanda Shinagawaku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Oct 1960 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing, import of spices, herbs, food additives, other natural food ingredients |
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 71.5 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
YASUMA CO LTD
REGD NAME
Yasuma KK
MAIN OFFICE
5-23-2
Nishigotanda Shinagawaku
Tel : 03-3490-5211
Fax : 03-3490-5265
URL : http://www.yasuma.co.jp
E-Mail
address: mailb9ox@yasuma.co.jp
ACTIVITIES
Mfg,
import of spices, herbs, food additives, other natural food ingredients
BRANCHES
FACTORY(IES)
OFFICERS
YURIKO YASUMA, PRES Toshiro Yasuma, rep dir
Yoshihiko Tamai, dir Minoru Tsujioka, dir
Mitsunori
Ogino, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 8,525 M
PAYMENTS REGULAR CAPITAL Yen 90 M
TREND STEADY WORTH Yen
966 M
STARTED 1960 EMPLOYES 214
COMMENT
MFR, IMPORTER OF SPICES, SEASONINGS, OTHER FOOD INGREDIENTS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 71.5 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Tetsuo Yasuma in
order to make most of his experience in the subject line of
business. Yuriko is his wife. Specializes in mfg and import of spices,
herbs, food seasonings, additives, coloring agents, other food ingredients. Also imports wines and salts. Operates an online shop by a subsidiary,
Mascot Foods Co Ltd, at the caption address, pres Toshiro Yasuma. Curry paste imported from
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 8,525 million, an almost similar turnover in the previous term. The profitability deteriorated due to the rising costs of materials & fuel oil prices. As a result, the operations plunged into the red to register Yen 77 million recurring loss and Yen 121 million net loss, respectively, compared with Yen 42 million recurring profit and Yen 20 million net loss, respectively, a year ago. Materials costs were up Yen 207 million from the last year.
For the term ended Mar 2007 the operations were projected to come back to profitability to post Yen 20 million net loss, on a 2% rise in turnover, to Yen 8,700 million. Weaker Yen is thought contributed to the sales growth. Final figures are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 71.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1960
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 90 million
Major shareholders (%): Toshiro Yasuma (56), Kaori Yasuma (23), Yuriko Yasuma (21)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures and imports: spices, herbs, seasonings, dried fruits/vegetables, natural coloring agents, retorted foods, processed foods, food additives, curry pastes, other natural food ingredients, wines, natural salt, others (--100%).
Imports:
about 40%.
Goods
are also marketed online by its subsidiary, Mascot Co Ltd, at the caption
address.
Clients: [Food processors, wholesalers] Nissin Food Products, Kyowa Wellness, Pokka Corporation, Ebara Foods Ind, Saizeriya Co, SB Foods, other.
No. of
accounts: 800
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Kyowa Wellness, Allied
Corporation, K Kobayashi & Co, Japan Salt Corp, Iwaki & Co, Vox
Trading; Imports from Acil SA, Safinter SA, Invertec Foods, Credenco Foods,
other.
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Gotanda)
Mizuho
Bank (Gotanda-Ekimae)
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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8,700 |
8,525 |
8,461 |
8,066 |
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Recur.
Profit |
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-77 |
42 |
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Net
Profit |
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20 |
-121 |
20 |
90 |
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Total
Assets |
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8,437 |
8,150 |
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Current
Assets |
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5,452 |
5,062 |
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Current
Liabs |
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2,674 |
2,651 |
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Net
Worth |
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966 |
1,087 |
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Capital,
Paid-Up |
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90 |
90 |
90 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.05 |
0.76 |
4.90 |
-1.30 |
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Current Ratio |
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.. |
203.89 |
190.95 |
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N.Worth Ratio |
.. |
11.45 |
13.34 |
.. |
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R.Profit/Sales |
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.. |
-0.90 |
0.50 |
.. |
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N.Profit/Sales |
0.23 |
-1.42 |
0.24 |
1.12 |
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Return On Equity |
.. |
-12.53 |
1.84 |
.. |
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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%)