MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTRAL CHEMICAL INC |
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Registered Office : |
Central Nogizaka, 7-2-28 Roppongi Minatoku Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
Sept 1978 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of fertilizer,
pharmaceutical intermediates, other chemicals |
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 11.1 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
CENTRAL CHEMICAL INC
REGD NAME
Central Chemical KK
MAIN OFFICE
Central Nogizaka, 7-2-28 Roppongi Minatoku Tokyo 106-0032 JAPAN
Tel : 03-3479-4320
Fax : 03-3470-0279
URL : http://www.cgco.co.jp (Only in Japanese
briefly)
E-Mail address: info@cgco.co.jp
ACTIVITIES
Import, wholesale of fertilizer, pharmaceutical
intermediates, other chemicals
BRANCHES
Nil
OFFICERS
YUKUO SUZUKI, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 630 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 97 M
STARTED 1978 EMPLOYES 4
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN FERTILIZER. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 11.1 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Yukuo Suzuki in order to
make most of his experience in the subject line of business. This is a trading firm, owned and operated
by the Suzuki family, for import and wholesale of compound fertilizer and other
chemicals. Compound fertilizers are
produced in a subcontracted factory in Thailand and imported. Business is seen steady.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The sales volume for Jul/2007 fiscal term amounted to Yen 630 million, a similar amount in the previous term. The net profit was posted at Yen 3 million, unchanged from the previous year.
For the current term ending Jul 2008 the net profit is
projected at Yen 3 million, on a similar turnover, at Yen 630 million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 11.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept
1978
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders (%): Naoko
Suzuki (40), Yukuo Suzuki (30), other.
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales compound fertilizers, other
chemical products (--100%).
Clients: [mfrs, wholesalers] John Kelly, CBC, Unicoop Japan, Fujikawa & Co, Astellas Pharma Inc, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] John Kelly, CBC, Fujikawa
& Co, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Aoyama)
SMBC (Akasaka)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2008 |
31/07/2007 |
31/07/2006 |
31/07/2005 |
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Annual
Sales |
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630 |
630 |
630 |
629 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
3 |
3 |
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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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97 |
94 |
91 |
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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 |
0.00 |
0.00 |
0.16 |
-0.16 |
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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 |
0.48 |
0.48 |
0.48 |
0.48 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/07/2008 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%)