MIRA
INFORM REPORT
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Report Date : |
11.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SST CORPORATION |
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Registered Office : |
2-14-5 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014 |
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Country : |
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Date of Incorporation : |
Jul 2000 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of laundry
equipment, aerial products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
SST CORPORATION
REGD NAME
KK S.S.T
MAIN OFFICE
2-14-5
Nihombashi-Kakigaracho Chuoku
Tel : 03-5651-8161
Fax : 03-5651-8165
URL : http://www.sstechno.co.jp
E-Mail
address: info@sstechno.co.jp
ACTIVITIES
Import,
wholesale of laundry equipment, aerial products
BRANCHES
OFFICERS
KUNIO
YAMASHITA, PRES Shigeru
Misono, dir
Yoshimasa
Imanaka, dir Ko
Inayoshi, dir
Yen
Amount : In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 600 M*
PAYMENTS REGULAR CAPITAL Yen 120 M
TREND UNDETD WORTH Yen
120 M*
STARTED 2000 EMPLOYES 20
*..
Financials are not disclosed and the figures are only estimated.
Net Worth
is expressed by the pain-up capital.
COMMENT
TRADING HOUSE SPECIALIZING IN LAUNDRY EQUIPMENT. FINANCIAL SITUATION UNDETERMINED DUE TO THE
LACK OF FINANCIALS BUT SHOULD BE GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE LACK OF FINANCIALS. .SECURED TERMS ARE RECOMMENDED ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established on obtaining business operations from Sony Trading International, as Wassalon Co Ltd. Renamed as captioned in Oct 2006. Initially started laundry business, supplying laundry equipment and supplies to coil laundries. In Oct 2001, launched parachute business. In Mar 2004, began industrial products business, followed by security equipment business in Jun 2005.
FINANCIAL INFORMATION
Financials are not disclosed. No other credit firms have any data on the financials. We estimated the annual turnover at around Yen 600 million as judged from the number of employees and operation expenses. But this is not guaranteed.
Both the financial situation and business trends are not determined due to the lack of financial information. We recommend that any credits on new transactions to be securely guaranteed.
REGISTRATION
Date
Registered: Jul 2000
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 9,600 shares
Issued: 2,400 shares
Sum: Yen 120 million
Major shareholders (%): CMC Corporation, Sony Supply Chain Solutions Inc (details not available)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Import, export, wholesales laundry equipment, aerial products, security products & industrial goods (100%).
Clients: [Mfrs, wholesalers] Sony Supply Chin Solutions Inc, Fujikura Parachute Co, Japan Defense Agency, Sohgo Security Services, Aerazur (France) Alliance Laundry, American Dryer Corp (USA), Birbqau SA (Spain, Whirlpool Corp (USA), other
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Goods are imported.
Payment
record: Regular
Location: Business area in
Bank References
SMBC
(Nihombashi)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
NOT
MADE AVAILABLE
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%)