MIRA
INFORM REPORT
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Report Date : |
27.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
AKI SHOKAI CO LTD |
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Registered Office : |
# 205 Freedio-Shibakoen, 2-8-11 Shibadaimon Minatoku Tokyo 105-0012 |
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Country : |
Japan |
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Date of Incorporation : |
Apr 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of industrial chemicals &
intermediates |
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 14.9 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
AKI SHOKAI CO LTD
REGD NAME
Aki Shokai KK
MAIN OFFICE
# 205 Freedio-Shibakoen, 2-8-11 Shibadaimon Minatoku Tokyo 105-0012
JAPAN
Tel : 03-5425-6822
Fax : 03-5425-6833
Marketing division
at : Lions Plaza 403, 2-5-15 Shiba Minatoku Tokyo, as given.
URL : N/A
ACTIVITIES
Export of industrial chemicals & intermediates
BRANCHES
Nil
OFFICER(S)
SHIGEAKI MORI, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 926 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 31 M
STARTED 1991 EMPLOYES 5
COMMENT
TRADING HOUSE SPECIALIZING IN EXPORTING INDUSTRIAL
CHEMICALS. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 14.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Shigeaki Mori in order to make most of his experience in the subject line of business. This is a small-sized trading house, owned and managed by the Mori family, specializing in exporting industrial chemicals, their intermediates & ingredients. Destinations are centered in Asia-Pacific region: India, Pakistan, Thailand, Singapore, Korea, Hong Kong, Australia, China, etc. Goods are supplied from domestic major industrial chemical mfrs. Also imports chemicals from India, other.
FINANCIAL INFORMATION
The sales volume for May/2006 fiscal term amounted to Yen 926 million, a 37% up from Yen 678 million in the previous term. Exports to India in the main, and other S/E Asian countries were robust which boosted sales amount. Weaker Yen also contributed to the sales growth in Yen terms. The recurring profit was posted at Yen 10 million and the net profit at Yen 7 million, respectively, compared with Yen 4 million and Yen 3 million, respectively, a year ago.
For
the current term ending May 2007 the recurring profit is projected at Yen 10
million and the net profit at Yen 6 million, respectively, on a 6% rise in
turnover, to Yen 980 million. Exports
will continue growing. Weaker Yen may
uplift sales amount in Yen terms.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 14.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1991
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Shigeaki Mori (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: A trading house specializing in exporting
industrial chemicals, intermediates & ingredients
(--100%).
Exports to India, Thailand, Hong Kong, Australia, Pakistan,
Korea, Singapore, China, other S/E Asian countries.
Clients: [Chemical mfrs, wholesalers] Exports to India,
Thailand, Pakistan, Australia, Singapore, Hong Kong, China,
other. Also domestic chemical mfrs.
No. of accounts: 100 (Domestic clients only)
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Daicel Chemical Ind, Mitsui
Chemicals, Sumitomo Seika Chemicals, Air Water Inc, other. Also imports from India, etc.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Hamamatsucho)
Mizuho Bank (Hamamatsucho)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Annual
Sales |
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980 |
926 |
678 |
493 |
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Recur.
Profit |
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10 |
10 |
4 |
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Net
Profit |
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6 |
7 |
3 |
1 |
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Total
Assets |
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120 |
107 |
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Current
Assets |
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120 |
105 |
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Current
Liabs |
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79 |
73 |
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Net
Worth |
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25 |
18 |
15 |
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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 |
5.83 |
36.58 |
37.53 |
9.09 |
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Current Ratio |
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.. |
151.90 |
143.84 |
.. |
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N.Worth Ratio |
.. |
20.83 |
16.82 |
.. |
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R.Profit/Sales |
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1.02 |
1.08 |
0.69 |
.. |
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N.Profit/Sales |
0.61 |
0.76 |
0.52 |
0.20 |
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Return On Equity |
.. |
28.00 |
16.67 |
6.67 |
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Notes: Forecast (or estimated) figures 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%)