MIRA
INFORM REPORT
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Report Date : |
02.05.2007 |
IDENTIFICATION
DETAILS
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Name : |
YMS CO LTD |
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Registered Office : |
1-11-3 Iguchido Ikeda City Osaka-Pref 563-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
May 1987 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and wholesale of cut flowers |
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 92.7 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
YMS CO LTD
REGD NAME
KK Y. M. S.
MAIN OFFICE
1-11-3 Iguchido Ikeda City Osaka-Pref 563-0023 JAPAN
Tel : 072-762-8062
Fax : 072-762-8088
URL : http://www.yms-co.com
E-Mail address: info@yms.co.jp
ACTIVITIES
import, wholesale of cut flowers
BRANCHES
Nil
OFFICERS
YOKO SAKAMOTO, PRES
Minoru Sakamoto, dir
Yoshiko Sakamoto, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,100 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen 286 M
STARTED 1987 EMPLOYES 15
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN CUT FLOWERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 92.7 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Yoko Sakamoto in order
to make most of her experience in the subject line of business. This is a trading firm, owned and operated
by Sakamoto family, specializing in import and wholesale of cut flowers. Flowers are imported from Netherlands, Asia, etc.
Clients are flower shops, flower markets, etc, centering in
greater-Osaka area.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen 5,100 million, a 9% up from Yen 4,689 million in the previous term. The net profit leaped to Yen 100 million from Yen 58 million a year ago.
For the term just ended Mar 2007 the net profit was projected
and believed posted at Yen 105 million, on a 4% rise in turnover, to Yen 5,300
million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 92.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1987
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,600
shares
Issued: 400
shares
Sum: Yen
20 million
Major shareholders (%): Minoru Sakamoto (45), Yoko Sakamoto (25)
No. of shareholders: 6
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales cut flowers, potted plants,
other (--100%).
Clients: [Florists, chain stores] Tsurumi Kaki, Sapporo Kaki Engei, Ohta Kaki, Hanaman Co, Kagoshima Engei, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Growers, wholesalers] Imports wholly from
Singapore, New Zealand, Korea, Thailand, Netherlands, Malaysia, Ecuador, India,
Panama, Costa Rica, Mauritius, other.
Payment record: Regular
Location: Business area in Ikeda City, Osaka-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
SMBC (Esaka)
MUFG (Toyonaka)
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 |
31/03/2004 |
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Annual
Sales |
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5,300 |
5,100 |
4,689 |
4,048 |
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Recur.
Profit |
(*) |
.. |
.. |
90 |
153 |
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Net
Profit |
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105 |
100 |
58 |
92 |
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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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286 |
186 |
128 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
3.92 |
8.77 |
15.83 |
8.70 |
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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 |
1.98 |
1.96 |
1.24 |
2.27 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/2007 fiscal term.
(*) Pretax profits disclosed from the Taxation Office.
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%)