MIRA
INFORM REPORT
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Report Date : |
10th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DEETEX SHOKAI KK |
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Registered Office : |
Muneyasu No. 2 Bldg 7F, 1-23 Kanda-Nishikicho Chiyodaku Tokyo
101-0054, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 (Estimated) |
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Date of Incorporation : |
July 1999 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Exports automotive parts, sewing machine parts & components,
others; imports apparel, clothing accessories, others |
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 8.4 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
Company Name
DEETEX SHOKAI KK
REGD NAME
Deetex Shokai KK
MAIN OFFICE
Muneyasu No. 2 Bldg 7F, 1-23 Kanda-Nishikicho Chiyodaku Tokyo 101-0054
JAPAN
Tel : 03-3295-8177
Fax : 03-3295-3033
URL :
N/A
ACTIVITIES
Export, import, wholesale of sewing machine parts,
automotive parts, other
BRANCHES
Nil
OFFICERS
TOSHIHIKO TAKAHASHI, PRES
Hiroo Yoshida, s/mgn dir
Shigeo Takahashi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 440 M
PAYMENTS REGULAR CAPITAL Yen 15 M
TREND STEADY WORTH Yen 29 M
STARTED 1999 EMPLOYES 4
COMMENT
TRADING FIRM SPECIALIZING IN SEWING MACHINE PARTS,
AUTOMOTIVE PARTS, OTHERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 8.4 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established on the basis of business
transfer from Deebar Shokai KK, founded 1914.
Trading firm specializing in export of sewing machine parts &
components, automotive parts, apparel, others.
Exports centrally to India, other to Indonesia, Thailand, etc. Imports apparel from China.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen
440 million, a 19% up from Yen 370 million in the previous term. Exports of automotive parts & components
to India rose sharply, boosted by robust demand in India. The net profit was posted at Yen 5 million,
up from Yen 4 million a year ago.
For the current term ending Mar 2007 the net profit is
projected at Yen 5 million, on a 9% rise in turnover, to Yen 480 million. Demand continues rising.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 8.4 million, on 30 days normal
terms.
REGISTRATION
Date Registered : Jul
1999
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
1,200 shares
Issued :
300 shares
Sum :
Yen 15 million
Major shareholders (%)
Toshihiko Takahashi (50), Yasuo Yoshida (50)
No. of shareholders:
2
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Exports automotive parts (aluminum alloy stamped
& pressed parts), sewing machine parts & components (mounting fixtures,
accessories), others (--90%); imports apparel, clothing accessories, others
(--10%).
Exports are centrally to India, particularly of automotive
parts, other to Indonesia,Thailand, etc.
Imports from China.
Clients
[Mfrs, wholesalers] India (about 60%), Indonesia, Thailand,
other.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] For exports, supplied from Sanyo Kasei,
Kawasaki Heavy Ind, Cemedine Co, Nihon Spindle Mfg, Kasen Nozzle Mfg, Kanai
Juyo Kogyo, other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Chiyoda-Eigyobu)
MUFG (Jimbocho)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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480 |
440 |
370 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
4 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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29 |
24 |
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Capital,
Paid-Up |
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15 |
15 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.09 |
18.92 |
19.35 |
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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 |
1.04 |
1.14 |
1.08 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/2007 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%)