MIRA
INFORM REPORT
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Report Date : |
22.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ATO SHOJI CO LTD |
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Registered Office : |
Ashiya Belgrade 305, 13-61 |
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Country : |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
Jul 1980 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of chemicals |
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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Maximum Credit Limit : |
Yen 4.5 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
ATO SHOJI CO LTD
REGD NAME
Ato Shoji KK
MAIN OFFICE
Ashiya Belgrade 305, 13-61 Asahigaoka Ashiya City Hyogo-Pref
659-0012
Tel:
0797-25-7813
Fax: 0795-25-7813
*.. Moved the Head Office to the caption address in 2004 from the address given, while the Matsubara Office is used as its Branch Office
URL: N/A
ACTIVITIES
Export of
chemicals
BRANCHES
OFFICERS
TAKAYUKI KAKU,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 305 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 41 M
STARTED 1980 EMPLOYES 2
COMMENT
EXPORTER OF CHEMICALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.5 MILLION, 30 DAYS, RECOMMEND GUARANTEED TERMS. OWNER ADVISES ALL TRANSACTIONS ARE ON L/C TERMS.
HIGHLIGHTS
The subject company was established by Kuniyuki Kaku in order
to make most of his experience in the subject line of business. Takayuki is the founder’s son. The firm moved the Head office to the caption
address of private residence in 2004, while the Matsubara Office is still used
as its Branch Office where one of its Banks of long relationship exists. This is a one-man operated trading firm for
exporting chemicals. Business transactions
are all on L/C basis, according to T Kaku.
Goods are exported to
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2006 fiscal term amounted to Yen 305 million, a 13% up from Yen 270 million in the previous term. Exports rose. Weaker Yen against foreign currencies helped to push up sales amount in Yen terms. The net profit remained similar at Yen 1 million.
For the current term ending Sept 2007 the net profit is projected at Yen 1 million, on a 2% rise in turnover, to Yen 310 million. Business is seen upswing.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 4.5 million, on 30 days, we recommending guaranteed terms. Business transactions are all on L/C basis, says T Kaku.
REGISTRATION
Date Registered: Jul 1980
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Takayuki Kaku (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Exports industrial chemicals (100%).
Exports to
Clients: [Mfrs,
wholesalers] Exports to
No. of accounts:
Unavailable
Domestic areas of
activities: Limited in the greater-Osaka
Suppliers: [Chemical mfrs, traders] For exports supplied from Yoneyama Kagaku Kogyo, Maruo Calcium, Shinko Chemical, Nihon Kagaku Sangyo, Ohara & Co, other.
Payment record:
Regular
Location: Business area in
Bank References
SMBC (Matsubara)
MUFG (Matsubara)
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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310 |
305 |
270 |
231 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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1 |
1 |
1 |
1 |
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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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41 |
40 |
39 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
1.64 |
12.96 |
16.88 |
-2.94 |
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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 |
0.32 |
0.33 |
0.37 |
0.43 |
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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%)