MIRA
INFORM REPORT
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Report Date : |
5th march, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
INOUE TORYO SANGYO KK |
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Registered Office : |
1-11-8 Hanmichibashi Hakataku Fukuoka 816-0097, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 (Estimated) |
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Date of Incorporation : |
July 1975 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesales industrial-use paints & coating materials, including
painting works (factories & buildings only): paints, paint additives,
paint resins, paint thinners, painting tools, sprayers, rollers, driers,
brushed, containers, other supplies. |
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 6.6 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name
INOUE TORYO SANGYO KK (THIS IS THE CORRECT NAME, NOT “TORYO SANGYO KK)
REGD NAME
Inoue Toryo Sangyo KK
MAIN OFFICE
1-11-8 Hanmichibashi Hakataku Fukuoka 816-0097JAPAN
Tel :
092-411-6603
Fax :
092-471-0555
URL : N/A
E-Mail address :
kk-inoue@dion.ne.jp
ACTIVITIES
Wholesale of paints, painting tools; painting works
BRANCHES
Nil
OFFICERS
Sueki Inoue, ch
TOMOKI INOUE, PRES & CEO
Shizuko Inoue, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 366 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 96 M
STARTED 1975 EMPLOYES 8
COMMENT
WHOLESALER SPECIALIZING COATING MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 6.6 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established originally in 1961 by Sueki
Inoue, now ch at the firm, in order
to make most of his experience in the subject line of business, on his
account. Tomoki is the founder’s son,
who took the office of pres in Aug 2003.
This is a family-based wholesaler, wholly owned by the Inoue family,
specializing in wholesale of paints, paint medium, painting equipment, etc, for
industrial use. Also offers and
executes painting works for factories and buildings (offices). Clients are factories, business firms, other
in the local area. Having been 30 years
in the business, the firm is well established in the local business
industries. Now endeavoring to
strengthen financial capacities by narrowing down business to really profitable
clients and works.
FINANCIAL INFORMATION
The financials are only partially disclosed.
The sales volume for May/2006 fiscal term amounted to Yen
366 million, a 9% down from Yen 404 million in the previous term. This is
referred to the selective clients and works to focus on really lucrative
business, as mentioned above. The net profit declined to Yen 2 million from Yen
7 million a year ago.
For the current term ending May 2007 the net profit is
projected at Yen 2 million, on a 4% rise in turnover, to Yen 380 million. Business is starting to pick up.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 6.6 million, on 30 days normal
terms.
REGISTRATION
Date Registered : Jul
1975
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Tomoki Inoue (35.5), Sueki Inoue (32), Shizuko Inoue (27.5),
Yoshiko Inoue (5)
No. of shareholders:
4
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Wholesales industrial-use paints & coating
materials, including painting works (factories & buildings only): paints,
paint additives, paint resins, paint thinners, painting tools, sprayers,
rollers, driers, brushed, containers, other supplies (--100%).
Clients
Factories, business firms (buildings & offices), other
No. of accounts
500
Domestic areas of activities
Centered (limited) in Fukuoka-Pref.
Suppliers
[Mfrs, wholesalers] Dai Nippon Toryo, Nippon Paint, Tohpe
Corp, Shinto Toryo Co, other.
Payment record
Regular
Location
Business area in Fukuoka.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
Bank of Fukuoka (Hiei)
Chikuho Bank (Hakata)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Annual
Sales |
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380 |
366 |
404 |
383 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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2 |
2 |
7 |
6 |
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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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96 |
94 |
87 |
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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 |
3.83 |
-9.41 |
5.48 |
3.23 |
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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 |
0.53 |
0.55 |
1.73 |
1.57 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/05/2007 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%)