MIRA
INFORM REPORT
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Report Date : |
07.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SAKAI KOHAN CO LTD |
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Registered Office : |
4-543-3 |
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Country : |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
Sept 1963 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing, processing of steel sheets
(shirring) |
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 121.1 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
SAKAI KOHAN CO LTD
REGD NAME
MAIN OFFICE
4-543-3 Miyake-
Tel: 0723-31-1300
Fax: 0723-36-1334
URL : N/A
*.. The given address is its Osaka Branch at: Nishihonmachi Yuraku Bldg 6F, 1-11-17 Awaza Nishiku Osaka 550-0011
ACTIVITIES
Mfg, processing of
steel sheets (shirring)
BRANCHES
FACTORY(IES)
At the caption address
OFFICERS
SHINGO TSUDA, PRES Takashi Tanaka, s/mgn dir
Makoto Takahashi,
s/mgn dir Takehisa Tsuda,
mgn dir
Emiko Tsuda, dir Yukiko
Tsuda, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 13,384 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
972 M
STARTED 1963 EMPLOYES 80
COMMENT
MFR & PROCESSOR OF STEEL SHEETS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 121.1 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Shingo Tsuda in order to make most of his experience in the subject line of business. Specializes in mfg & processing of sheet iron, hot rolled steel sheets, pickled steel sheets, other. Clients are steel mills, steel traders, other.
FINANCIAL INFORMATION
The sales volume for Apr/2006 fiscal term amounted to Yen 13,384 million, a 4% down from Yen 14,004 million in the previous term. The recurring profit was posted at Yen 200 million and the net profit at Yen 141 million, respectively, compared with Yen 499 million recurring profit and Yen 171 million net profit, respectively, a year ago. Profits deteriorated due to the rising costs of materials & fuel oils.
For the term just ended Apr 2007 the net profit was projected at Yen 145 million, on a 5% rise in turnover, to Yen 14,000 million
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 121.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 1963
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Shingo Tsuda &
families (--100)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures and processes sheet iron, hot rolled steel sheets, pickled steel sheets, shirring of steel sheets, other (--100%).
Clients: [Steel mills, steel traders] JFE Steel, Sumikin Bussan Corp, Marubeni-Itochu Steel Inc, Steel Center Co, Kanpo Steel Co, other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Marubeni-Itochu Steel Inc, Kanpo Steel Co, Mitsui & Co, Metal One Corp, Hanwa Co, other.
Payment record:
Regular
Location: Business area in
Bank References
MUFG (
Senshu Bank
(Matsubara)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/04/2007 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
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Annual
Sales |
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14,000 |
13,384 |
14,004 |
10,800 |
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Recur.
Profit |
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200 |
499 |
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Net
Profit |
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145 |
141 |
171 |
82 |
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Total
Assets |
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7,888 |
7,114 |
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Current
Assets |
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6,045 |
5,315 |
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Current
Liabs |
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2,184 |
1,927 |
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Net
Worth |
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972 |
831 |
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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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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.60 |
-4.43 |
29.67 |
10.61 |
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Current Ratio |
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.. |
276.79 |
275.82 |
.. |
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N.Worth Ratio |
.. |
12.32 |
11.68 |
.. |
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R.Profit/Sales |
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.. |
1.49 |
3.56 |
.. |
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N.Profit/Sales |
1.04 |
1.05 |
1.22 |
0.76 |
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Return On Equity |
.. |
14.51 |
20.58 |
.. |
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Note: Forecast (or
estimated) for the 30/04/2007 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%)