MIRA
INFORM REPORT
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Report Date : |
29.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
BISUKO JAPAN KK |
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Registered Office : |
Harajuku New Sky Heights Annex 501, 3-52-5 Sendagaya
Shibuyaku Tokyo 151-0051 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export of pumps, pipes,
valves, other for industrial plant use |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
Yen 6 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
BISUKO JAPAN KK
REGD NAME
Bisuko Japan KK
MAIN OFFICE
Harajuku New Sky Heights Annex 501, 3-52-5 Sendagaya Shibuyaku
Tokyo 151-0051 JAPAN
Tel : 03-3796-4402
URL : N/A
ACTIVITIES
Import, export of pumps, pipes, valves, other for industrial
plant use
BRANCHES
Nil
OFFICERS
TEIJIRO HARA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 300 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 59 M
STARTED 1993 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING INDUSTRIAL PLANT PARTS & COMPONENTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 6 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Teijiro Hara in order to
make most of his experience in the
subject line of business. This is a
commission merchant for import and export of pipes, pumps, valves, others for
industrial plant facilities, both at home and abroad. Goods are imported from USA, UK, Germany, other on import agency
agreement. Goods are supplied either
directly to overseas’ plants of the Japanese mfrs, or imported and reshipped to
those plants. It also handles
foodstuffs, pharmaceuticals, cosmetics, semiconductor mfg machinery, etc.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The revenues for Mar/2007 fiscal term amounted to Yen 300 million, a 20% hike from Yen 250 million in the previous term. Trading volumes rose by increasing demand from overseas plants, also aided by the weaker Yen against foreign currencies. The net profit is not precisely disclosed but is believed posted at Yen 9 million.
For the current term ending Mar 2008 the net profit is
projected at Yen 10 million, on a 17% rise in turnover, to Yen 350
million. Demand is expected to continue
increasing from Japanese machinery makers & oil refineries.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1993
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Teijiro
Hara (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports and wholesales (as commission
merchant) pumps, pipes, valves, other parts & components for industrial
facilities (both at home & abroad) (80%), foodstuffs, cosmetics,
pharmaceuticals, semiconductor mfg machines, others (--20%).
Goods are imported from USA, UK, Germany, etc and supplied to
Japanese Makers’ domestic and overseas plant facilities.
Clients: [Heavy machinery mfrs, oil refineries] Mitsubishi
Heavy Machinery Ind, Mitsui Engineering & Shipbuilding, JDC Corp, Nippon Oil Corp,
Kobe Steel, other.
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs] Stirling Inc (USA), other from USA, UK,
Germany, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Akasaka)
Relations: Money deposits and transfers only.
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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350 |
300 |
250 |
200 |
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Recur.
Profit |
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Net
Profit |
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10 |
9 |
7 |
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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59 |
50 |
43 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
16.67 |
20.00 |
25.00 |
11.11 |
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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 |
2.86 |
3.00 |
2.80 |
3.00 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/2008 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. |
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%)