MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HAYASHI BUSSAN CO LTD |
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Registered Office : |
3-44-30 Osu Nakaku |
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Country : |
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Date of Incorporation : |
January 1967 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of rugs & carpets, other upholstery |
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 335.1 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
COMPANY NAME
HAYASHI BUSSAN CO LTD
REGD NAME: Hayashi Bussan KK
MAIN OFFICE
3-44-30 Osu Nakaku
Tel : 052-262-2111
Fax : 052-262-2001
URL : http://www.crossway-bussan.co.jp
E-Mail :
info@crossway-bussan.co.jp
ACTIVITIES
Import, wholesale of rugs & carpets, other upholstery
BRANCHES
OFFICERS
HIDEO HAYASHI, PRES
Isao Hayashi, v pres
Yukio Takekawa, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,045 M
PAYMENTS REGULAR CAPITAL Yen 45 M
TREND STEADY WORTH Yen 4,193 M
STARTED 1967 EMPLOYES 70
COMMENT
IMPORTER & WHOLESALER SPECIALIZING IN RUGS &
CARPETS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 335.1 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established on the basis of a
trading division separated from Hayashi Telempu
Co Ltd,
FINANCIAL INFORMATION
The sales volume for Sept/2006 fiscal term amounted to Yen
6,045 million, an 11% up from Yen 5,457 million in the previous term. Imports increased particularly for luxurious
rugs & carpets. Weaker Yen against
foreign currencies also helped uplift sales in Yen terms. The net profit, on the other hand, decreased
to Yen 129 million from Yen 184 million a year ago. This is due to rising costs of imports and
operations. Import price hikes were not
fully transferred to buyers.
For the current term ending Sept 2007 the net profit is
projected at Yen 140 million, on an 8% rise in turnover, to Yen 6,500
million. The similar situation continues
with Yen still weaker against foreign currencies.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 335.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan
1967
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 360,000
shares
Issued: 90,000
shares
Sum: Yen
45 million
Major shareholders (%): Hayashi Telempu Co Ltd*(100)
Mfr of automobile interior furniture & goods,
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales rugs & carpets, other
upholstery and cosmetics (--100%)
(Handling items):
Rugs & carpets, tables, chairs, sofas, lighting
fixtures, kitchen ware, cushion, bedspread, table linen, bath linen, tableware,
face towel, bath towel, fragrance, toiletries, other.
Clients: [Department stores, furniture stores] Matsuzakaya,
Takashimaya, Tokyu Department Store, Keio Department Store, France Bed,
Shimachu Co, other.
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
Payment record
Regular
Location
Business area in
Bank References
Mizuho Bank (
MUFG (
Relations: Satisfactory.
FINANCES: (In Million
Yen)
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Terms Ending: |
30/09/2007 |
30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual Sales |
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6,500
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6,045
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5,457
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4,695
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Recur. Profit |
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183 |
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Net Profit |
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140 |
129 |
184 |
198 |
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Total Assets |
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5,668
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Current Assets |
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3,590
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Current Liabs |
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1,475
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Net Worth |
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4,193
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Capital, Paid-Up |
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45 |
45 |
45 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.53 |
10.78
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16.23
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9.39 |
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Current Ratio |
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243.39
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.. |
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N.Worth Ratio |
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73.98
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.. |
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R.Profit/Sales |
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3.03 |
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N.Profit/Sales |
2.15 |
2.13 |
3.37 |
4.22 |
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Return On Equity |
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3.08 |
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.. |
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Note: Financials are disclosed in digested form for the
30/09/2006 fiscal term, until then only partially released.
Forecast (or estimated) for the 30/09/2007 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%)