MIRA
INFORM REPORT
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Report Date : |
12.05.2007 |
IDENTIFICATION DETAILS
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Name : |
KAMBRA KISEN CO LTD |
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Registered Office : |
1083 |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Jun
1944 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Ship
owner & container ship operator |
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 280 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
KAMBRA KISEN CO LTD
REGD NAME
Kambara Kisen KK
MAIN OFFICE
1083 Tsuneishi
Numakumacho Tsuneishi City Hiroshima-Pref 720-0313
Tel:
084-987-1500
Fax: 084-987-2729
URL: http://www.kambara-kisen.co.jp
E-Mail
address: info@kambara-kisen.co.jp
ACTIVITIES
Ship
owner & container ship operator
BRANCHES
OVERSEAS
Shanghai,
OFFICERS
Masahito
Kambara, ch KOZO
SATAKE, PRES
Mochitami
Aoyama, v pres Hirofumi
Komori, s/mgn dir
Akio
Joh, mgn dir Yuji
Miyazaki, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 18,274 M
PAYMENTS REGULAR CAPITAL Yen 200 M
TREND STEADY WORTH Yen
1,700 M
STARTED 1944 EMPLOYES 70
COMMENT
SHIP OWNER & CONTAINER SHIP OPERATOR. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 280 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established originally in 1903 by
Katsutaro Kambara, on his account, when he bought coal carriers and began
shipping business. Incorporated in 1944
as Setonaikai Sempaku Co Ltd, which renamed as captioned in 1948. This is a ship owner and operator of
container ships. Owned bulk & coal
carriers are time-chartered out to major ship operators. In 1983, started full
container services between
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2005 fiscal term amounted to Yen
18,274 million, a 23% hike from Yen 14,841 million in the previous term. This is attributed to robust transportation
demand from
For the term ended Dec 2006 the net profit is reportedly posted at Yen 72 million, on a 6% rise in turnover, to Yen 19,300 million. Final results not made available.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 280 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Jun 1944
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 4 million shares
Issued: 1 million shares
Sum: Yen 200 million
Major shareholders (%):
Tsuneishi Corp*(49), Kambara Real Estate (6)
No. of shareholders: 19
*.. Ship builders, at the caption address, owned by the Kambara family, founded 1942, capital Yen 320 million, turnover Yen 116,617 million, employees 820, pres Katsushige Kambara
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Ship owner and operator of full container service
between
Clients: [Ship operators, cargo owners, wholesalers] NYK Lines, Mitsubishi Materials, Kawasaki Kisen, Sojitz Corp, Marubeni Corp, Mitsui & Co, Taiheiyo Cement, other.
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers:
[Ship builder, mfrs, wholesalers] Tsuneishi Corp, Mitsubishi Materials,
Kawatetsu Bussan, other.
Payment
record: Regular
Location: Business area in
Bank References
Bank
of
Shoko
Chukin Bank (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual
Sales |
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19,300 |
18,274 |
14,841 |
12,393 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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72 |
70 |
60 |
56 |
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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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1,700 |
1,630 |
1,570 |
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Capital,
Paid-Up |
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200 |
200 |
200 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.61 |
23.13 |
19.75 |
932.75 |
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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 |
0.37 |
0.38 |
0.40 |
0.45 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/12/2006 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%)