MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Nagamine Bldg 5F, 2-12-13 Shinkawa Chuoku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Dec
1991 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Import/export
agent of crude oils & products |
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 31.5 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
REGD NAME
MAIN OFFICE
Nagamine Bldg 5F,
2-12-13 Shinkawa Chuoku
Tel: 03-3551-2377
Fax: 03-3551-1560
URL: N/A
ACTIVITIES
Import/export
agent of crude oils & products
BRANCHES
Nil
OFFICERS
YONEJI
OGIHARA, PRES
Tatsuo
Ogihara, ch
Michiharu
Sakaguchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,500 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen
200 M
STARTED 1991 EMPLOYES 12
COMMENT
TRADING FIRM SPECIALIZING IN CRUDE OILS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 31.5 MILLION, 30 DAYS NORMAL TERMS.
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HIGHLIGHTS
The subject company was established by Tatsuo Ogihara in order
to make most of his experience in the subject line of business. This is a trading firm specializing in crude
oils from
FINANCIAL INFORMATION
The firm does not disclose full financials only except the following partial figures.
The sales volume for Mar/2006 fiscal term amounted to Yen 1,500 million, a similar amount in the previous term. Due to the rising crude oil prices the firm is targeting really profitable accounts. The net profit remained similar at Yen 30 million.
For the term ended Mar 2007 the net profit is estimated posted at Yen 35 million, on a 20% rise in turnover, to Yen 1,800 million. Crude oil price hikes are reflected.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 31.5 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 1991
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%): Tatsuo
Ogihara (70)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales crude oils &
products from Russia & Republic of Tatarstan (--100%).
Clients: [Wholesalers, mfrs] Itochu Corp, other general trading
houses. Also exports to
No. of
accounts: 100
Domestic
areas of activities: Nationwide
Suppliers:
[Oil refineries, wholesalers] Supplied wholly from Russia & Republic of
Tatarstan.
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Yaesudori)
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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1,800 |
1,500 |
1,500 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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35 |
30 |
30 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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200 |
170 |
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Capital,
Paid-Up |
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20 |
20 |
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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 |
20.00 |
0.00 |
-50.00 |
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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 |
1.94 |
2.00 |
2.00 |
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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%)