MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
JAPAN MYCELLA CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
Sept1967 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of cheese |
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 71.7 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
JAPAN MYCELLA CO LTD
REGD NAME
MAIN OFFICE
Nippon Mycella
Bldg, 3-1-1 Nihombashi-Hamacho Chuoku
Tel : 03-3661-9991
Fax : 03-3669-4998
URL : http://www.mycella.com
E-Mail address: contact@mycella.com
ACTIVITIES
Import, wholesale
of cheese
BRANCHES
Ni
OFFICERS
NOBUTERU MAEDA,
PRES Hideaki Maeda, dir
Rika Mizumoto, dir Shigekazu
Yamanaka, dir
Nobuyuki Umehara,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,000 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND STEADY WORTH Yen
268 M
STARTED 1967 EMPLOYES 80
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CHEESE. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 71.7 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Nobuteru Maeda in order
to make most of his experience in foreign trading. This is a trading firm specializing in import
and wholesale of cheese. Goods are
imported from
FINANCIAL INFORMATION
The firm does not disclose any of its financials. The following figures have been obtained from outside sources.
The sales volume for Mar/2007 fiscal term amounted to Yen 4,000 million, a 26% up from Yen 3,900 million in the previous term. Cheese prices went up due to weaker Yen against foreign currencies. The net profit is believed posted at 26 million, up from Yen 25 million a year ago.
For the current term ending Mar 2008 the net profit is projected at Yen 25 million, on a 3% rise in turnover, to Yen 4,100 million. Imports continue rising for natural cheese.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 71.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept1967
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 640,000 shares
Issued: 160,000 shares
Sum: Yen 80 million
Major shareholders (%): Nobuteru Maeda (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports and wholesales cheese (100%).
Clients: [Department stores, wholesalers, hotels] Isetan, Matsuzakaya, Mitsukoshi, Hankyu Department Stores, other.
No. of accounts:
500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Bongrain, Laita, F X (--France), Grunland (Germany), Castello, Aria, Urenholt (--Denmark), Swallow, Primo Foods (--Holland), Fantacini, Naturale Italiano, Castelli, Santi (--Italy), Weerie (Austria), Von Muhiene (Switz), Coombe Castle (UK), Rocinante (Spain), Woerle (Austria), Kolios (Greece), other.
Payment record:
Regular
Location: Business area in
Bank References
Mizuho Bank
(Kabutocho)
SMBC
(Nihombashi-Higashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2007 |
30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual
Sales |
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4,100 |
4,000 |
3,900 |
3,900 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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25 |
26 |
25 |
23 |
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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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268 |
242 |
219 |
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Capital,
Paid-Up |
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80 |
80 |
80 |
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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 |
2.50 |
2.56 |
0.00 |
2.63 |
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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 |
0.61 |
0.65 |
0.64 |
0.59 |
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Note: Financials
are only partially disclosed.
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%)