MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SBA INC |
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Registered Office : |
Kudan Kawashima Bldg 3F, 1-12-14 Kudankita Chiyodaku Tokyo 102-0073 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1986 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of ski goods |
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 17.4 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
SBA INC
REGD NAME
KK SBA
MAIN OFFICE
Kudan Kawashima Bldg 3F, 1-12-14 Kudankita Chiyodaku Tokyo 102-0073
JAPAN
Tel : 03-3221-6881
Fax : 03-3222-1457
URL : http://www.sba-inc.co.jp
E-Mail address: info@sba-inc.co.jp
ACTIVITIES
Import, wholesale of ski goods
BRANCHES
Nil
OFFICERS
KATSUHISA ISHIKAWA
KATSUHISA ISHIKAWA
Uji Shirako, cir
Katsuko Ishikawa, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 944 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 626 M
STARTED 1986 EMPLOYES 10
COMMENT
IMPORTER
OF SKI GOODS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 17.4 MILLION, 30 DAYS NORMAL
TERMS.
HIGHLIGHTS
The subject company was established by Katsuhisa Ishikawa in
order to make most o his previous experience in the subject line of
business. This is a trading firm
specializing in importing and wholesaling of ski goods. Karimor-make ski goods account of about 65%
of total sales.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen 944 million, an inched up 940 from Yen 940 million in the previous term. Demand revived. The net profit was posted at Yen 71 million, up from Yen 51 million a year ago.
For the current term ending Mar 2008 the net profit is
projected at Yen 73 million, on a 6% rise in turnover, to Yen 1,000
million.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max credit
limit is estimated at Yen 17.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1986
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%): Katsuhisa Ishikawa (80), Katsuko Ishikawa (13), Yuji Shirako (5), Masayo Shirako (2)
No. of shareholders: 4
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales ski goods (100%).
Clients: [Sports goods stores, chain stores] Marui Co (10%),
ICI Ishii Sports, Mega Sports, Tokyu Hands, Loft, Victoria,
other.
No. of accounts: 500
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Karimr Japan (65%), Aku (15%),
Winter Shutaiger (12%), Reichmann, SK 12, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Resona Bank (Kudan)
MUFG (Kanda)
Relations: Satisfactory
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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1,000 |
944 |
940 |
1,036 |
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Recur.
Profit |
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Net
Profit |
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73 |
71 |
51 |
89 |
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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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626 |
570 |
530 |
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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 |
5.93 |
0.43 |
-9.27 |
-9.36 |
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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 |
7.30 |
7.52 |
5.43 |
8.59 |
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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%)