MIRA
INFORM REPORT
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Report Date : |
24.05.2007 |
IDENTIFICATION DETAILS
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Name : |
HUNTER DOUGLAS JAPAN LTD |
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Registered Office : |
Keihin Higashi-Ohi Bldg 2F, 2-13-8 Higashi-Ohi Shinagawaku
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Feb 1973 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing, import, wholesale of aluminum blinds, shades, other house interior goods |
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 13.4 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
HUNTER DOUGLAS JAPAN LTD
REGD NAME
Nihon Hunter
Douglas KK
MAIN OFFICE
Keihin Higashi-Ohi Bldg 2F, 2-13-8 Higashi-Ohi Shinagawaku
Tel : 03-5762-4825
Fax : 03-5762-4801
URL : http://www.hunterdouglas.jp
E-Mail
address: info@hunterdouglas.jp
ACTIVITIES
Mfg,
import, wholesale of aluminum blinds, shades, other house interior goods
BRANCHES
FACTORY(IES)
OFFICERS
KATSUMI
FUJITA, PRES
Motokane
Nohmi, s/mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,528 M
PAYMENTS REGULAR CAPITAL Yen 210 M
TREND STEADY WORTH Yen
206 M
STARTED 1973 EMPLOYES 43
COMMENT
MFR & IMPORTER OF HOUSE INTERIOR GOODS, WHOLLY OWNED BY
HUNTER DOUGLAS,
MAX
CREDIT LIMIT: YEN 13.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Hunter Douglas,
Netherlands as its marketing arm in
FINANCIAL INFORMATION
The sales volume for Dec/2006 fiscal term amounted to Yen 1,528 million, a 21% hike from Yen 1,261 million in the previous term. The housing market revived with new high/tall condominiums/buildings starting built in the center of cities. The recurring profit was posted at Yen 17 million and the net profit at Yen 16 million, respectively, compared with Yen 6 million recurring profit and Yen 9 million net profit, respectively, a year ago.
For the current term ending Dec 2007 the net profit is projected at Yen 18 million, on an 11% rise in turnover, to Yen 1,700 million. Demand expected to continue with home remodeling and/or refurbishing works continuing.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 13.4 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Feb 1973
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 1.6 million shares
Issued: 420,000 shares
Sum: Yen 210 million
Major shareholders (%): Hunter Douglas, Netherlands (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures, imports and wholesales aluminum blinds, sashes, shades, other home interior goods (--100%).
Goods
are retailed nationwide at dealership shops.
Clients: [Housing
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Supplied wholly from Hunter Douglas and group firms.
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Omori)
APN
Amro Bank (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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1,700 |
1,528 |
1,261 |
1,227 |
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Recur.
Profit |
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17 |
6 |
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Net
Profit |
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18 |
16 |
9 |
59 |
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Total
Assets |
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1,564 |
1,408 |
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Current
Assets |
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1,098 |
947 |
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Current
Liabs |
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1,315 |
1,184 |
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Net
Worth |
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206 |
190 |
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Capital,
Paid-Up |
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210 |
210 |
210 |
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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 |
11.26 |
21.17 |
2.77 |
26.10 |
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Current Ratio |
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.. |
83.50 |
79.98 |
.. |
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N.Worth Ratio |
.. |
13.17 |
13.49 |
.. |
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R.Profit/Sales |
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.. |
1.11 |
0.48 |
.. |
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N.Profit/Sales |
1.06 |
1.05 |
0.71 |
4.81 |
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Return On Equity |
.. |
7.76 |
4.73 |
.. |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/12/2007 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%)