MIRA
INFORM REPORT
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Report Date : |
30.05.2007 |
IDENTIFICATION DETAILS
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Name : |
YOSHIZAWA CO LTD |
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Registered Office : |
86 |
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Country : |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
Aug 1961 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing of bags |
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 46 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
YOSHIZAWA CO LTD
REGD NAME
Yoshizawa KK
MAIN OFFICE
86 Akiyama
Tel : 047-392-2231
Fax : 047-391-6747
URL : N/A
E-Mail
address: yoshizawa@dion.ne.jp
ACTIVITIES
Mfg of
bags
BRANCHES
Nil
FACTORY(IES)
At the
caption address
OVERSEAS
OFFICERS
KIICHI
YOSHIZAWA, PRES Kaoru
Yoshizawa, s/mgn dir
Toshinobu
Saitoh, mgn dir Asao
Erikawa, mgn dir
Hiroko
Yoshizawa, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,052 M
PAYMENTS REGULAR CAPITAL Yen 97 M
TREND STEADY WORTH Yen
357 M
STARTED 1961 EMPLOYES 38
COMMENT
MFR OF BAGS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$300,000 / D/A TERM 30 DAYS.
MAX CREDIT LIMIT: YEN 46 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by father of Kiichi Yoshizawa in order to make most of his experience in the subject line of business. Specializes in mfg bags such as hand bags, shoulder bags, Boston bags, knapsacks, swagger bags, other. Goods are manufacture at own factory and also at overseas subcontracted factories and imported. Clients include major supermarket chains, department stores, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Jun/2006 fiscal term amounted to Yen 3,052 million, an almost similar amount in the previous term. The net profit was posted at Yen 5 million. Materials price hike is beginning to eat into profits.
For the current term ending Jun 2007 the net profit is projected at Yen 5 million, on a 5% rise in turnover, to Yen 3,200 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 46 million, on 30 days normal terms. The proposed amount is considered within the firm’s financial capabilities.
REGISTRATION
Date
Registered: Aug 1961
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 782,000 shares
Issued: 195,500 shares
Sum: Yen 97.75 million
Major shareholders (%): Kiichi Yoshizawa (46), Kaoru Yoshizawa
(18), Hiroko Yoshizawa (16)
No. of shareholders: 25
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures hand bags, mini bags,
Bags are manufactured at the own factory and also at
subcontracted factories in
Clients: [Chain stores, department stores] Aeon Corp (15%), Seven & I Holdings (13%), Takashimaya (10%), Daiei Inc (9%)
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mochizuki Shoten, Stock Kojima,
Senda, Murayoshi Shoji, other. Imports from
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Bank (
MUFG
(Matsudo-Nishiguchi)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
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Annual
Sales |
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3,200 |
3,052 |
3,039 |
3,189 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
4 |
6 |
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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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357 |
352 |
348 |
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Capital,
Paid-Up |
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97 |
97 |
97 |
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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 |
4.85 |
0.43 |
-4.70 |
-12.63 |
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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 |
0.16 |
0.16 |
0.13 |
0.19 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 30/06/2007 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%)