MIRA
INFORM REPORT
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Report Date : |
15.05.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Roppongi First Bldg 17F, 1-9-9 Roppongi Minatoku |
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Country : |
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Financials (as on) : |
28.02.2007 |
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Date of Incorporation : |
May 1995 |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Import, wholesale of wines, cheese, other
foodstuffs |
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 12 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
NAME
Regd Name
Main Office
Roppongi First Bldg 17F, 1-9-9 Roppongi
Minatoku
Phone : 03-5544-2580
Fax : 03-5544-2581
URL : http://www.tokyoseijo.co.jp (of the
parent, Seijo Ishii Co Ltd)
E-mail : seijo-sec@seijoishii.co.jp
(Parent company)
Operations
Import, wholesale of wines, cheese, other
foodstuffs
Branch(es)
Nil
EXECUTIVES
SHINOBU TERAGUCHI, PRES & CEO
SUMMARY
FINANCES FAIR A/SALES Yen
670 M
PAYAMENTS REGULAR CAPITAL Yen
5 M
TREND STEADY WORTH Yen 127 M
STARTED 1995 EMPLOYS
1
Comment
TRADING FIRM SPECIALIZING IN WINES, WHOLLY OWNED BY SEIJO ISHII CO LTD. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 12 MILLION, 30 DAYS NORMAL TERMS.
HIGHLITES
The subject firm was established as a trading division by Seijo
Ishii Co Ltd, a supermarket chain operator of 37 stores centrally in
greater-Tokyo region. This is a trading
firm for import and wholesale of wines from
FINANCIAL INFORMATION
The sales volume for Feb/2006 fiscal term amounted to Yen 670 million, a 9% up from Yen 613 million in the previous term. Wine imports continued increased. The net profit increased to Yen 22 million from Yen 20 million a year ago.
For the term ended Feb 2007 the net profit is believed posted at Yen 23 million, on a 3% rise in turnover to Yen690 million. Weaker Yen should have contributed to the sales growth in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 12 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1995
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen 5 million
Major shareholder(s) (%): Seijo Ishii Co Ltd*(100)
*.. A supermarket operator of 37 stores (28 directly run stores, and 9 franchisees) centrally in greater-Tokyo region, founded 1927, capital Yen 340 million, turnover Yen 37,794 million, operating profit Yen 497 million, recurring profit Yen 537 million, net profit Yen 229 million, total assets Yen 15,284 million, net worth Yen 10,292, employees 1,300, pres Tsuneo Ohkubo
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Imports and wholesales wines,
cheese, olive oils, other foodstuffs (--100%).
Wines are imported from
Clients: [Chain store operator] Shipped
wholly to the parent, Seijo Ishii Co Ltd.
No. of clients: 1
Area of activities: Centered in greater-Tokyo
Suppliers: [Wineries, negociants] Imports from
Bank References
MUFG (Seijo)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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28/02/2007 |
28/02/2006 |
28/02/2005 |
28/02/2004 |
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Annual
Sales |
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690 |
670 |
613 |
350 |
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Recur.
Profit |
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Net
Profit |
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23 |
22 |
20 |
10 |
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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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127 |
115 |
95 |
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Capital,
Paid-Up |
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5 |
5 |
5 |
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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 |
2.99 |
9.30 |
75.14 |
-7.89 |
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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 |
3.33 |
3.28 |
3.26 |
2.86 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 28/02/2007 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%)