MIRA
INFORM REPORT
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Report Date : |
05.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SANKO SHOJI CO., LTD |
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Registered Office : |
2 – 245, Takayashiro Meitoku Nagoya 465 8505 |
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Country : |
Japan |
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Financial as on : |
31.03.2007 |
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Date of Incorporation : |
May 1978 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, Exports and Wholesales Plant Machine and Tools |
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 561.2 million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
NAME AND ADDRESS
SANKO SHOJI CO LTD
REGD NAME: Sanko Shoji KK
MAIN OFFICE: 2-245 Takayashiro
Meitoku Nagoya 465-0095 JAPAN
Tel: 052-772-1151 Fax:
052-772-1252
URL
http://www.sankoshoji.co.jp
E-Mail address: kanrinin@sankoshoji.co.jp
ACTIVITIES
Import, wholesale of industrial machines, IT machinery,
automotive goods
BRANCHES
Tokyo, Aichi (3), Hamamatsu, other (Tot 7)
OVERSEAS
Sanko Shoji (Thailand) Co Ltd (subsidiary); Shanghai (Rep
office)
OFFICERS
Takashi Inouchi, ch SHUJI
NOJI, PRES
Tohru Kojima, s/mgn dir Akio
Tamura, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 36,414 M
PAYMENTS REGULAR CAPITAL Yen 310 M
TREND STEADY WORTH Yen 4,135 M
STARTED 1978 EMPLOYES 151
COMMENT
TRADING
FIRM SPECIALIZING IN INDUSTRIAL MACHINERY.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 561.2 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS:
The subject company was
established on the basis of a trading division separated from Okuma Corp,
machine tool mfr, Tokyo (See REGISTRATION).
This is a trading firm specializing in import, export and wholesale of industrial
machinery & equipment, IT machinery, automotive goods, etc. Clients include
major machine tool mfrs, wholesalers, etc, nationwide.
FINANCIAL INFORMATION:
The
sales volume for Mar/2007 fiscal term amounted to Yen 36,414 million, a 6% down
from Yen 38,658 million in the previous term.
Imports decreased due to the weaker Yen, which affected adversely to
increase import prices in Yen terms, as compared with exports. The net profit was posted at Yen 748
million, compared with Yen 774 million a year ago
For
the current term ending Mar 2008 the net profit is projected at Yen 750
million, on a 3% rise in turnover, to Yen 37,500 million. Exports will be increased, the firm says.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 561.2
million, on 30 days normal terms.
REGISTRATION
Date
Registered:May 1978
Legal
Status: Limited Company (Kabushiki
Kaisha)
Authorized: 2.48 million shares
Issued: 620,000 shares
Sum: Yen 310 million
Major shareholders (%): Okuma Corp*(20), Toyota Motor (20),
Toyota Tsusho Corp (20), JTEKT Corp
(10), Mitsubishi UFJ Lease & Finance (10)
No. of shareholders:
10
*.. Leading machine tool mfr, Tokyo, founded 1918, listed
Tokyo, Nagoya S/E’s, capital Yen 18,000
million, turnover Yen 188,800 million, recurring profit Yen 25,640 million, net
profit Yen 15,692
million, total assets Yen 201,538 million, net worth Yen 100,853 million,
employees 2,674,
pres Yoshimaro Hanaki
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Imports, exports and wholesales plant machine
& tools (48.5%, machine tools (43.4%),
coil winding machines (3.7%), others (4.4%).
Clients: [Mfrs, wholesalers] JTEKT, Toyota Motor, Suzuki
Motor, Aisin AWA, Toyota Industries Corp,
Yamazaki Mazak Corp, Okuma Corp, Denso Corp, Fanuc Ltd, Okuma & Howa
Machinery, other.
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Yamazaki Mazak System Sales,
JTEKT, Sanko Kiki Co, Tokyo Seimitsu,
Giken Ind, Kitagawa Iron Works, Taiyo Ltd, other.
Payment record: Regular
Location:
Business area in Nagoya. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Nagoya)
Shiga Bank
(Nagoya)
Relations:
Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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37,500 |
36,414 |
38,658 |
28,708 |
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Recur.
Profit |
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1,425 |
1,423 |
1,492 |
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Net
Profit |
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750 |
748 |
774 |
422 |
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Total
Assets |
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20,910 |
19,073 |
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Current
Assets |
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18,459 |
17,306 |
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Current
Liabs |
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16,121 |
15,758 |
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Net
Worth |
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4,135 |
3,014 |
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Capital,
Paid-Up |
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310 |
310 |
310 |
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Div.P.Share(¥) |
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100.00 |
100.00 |
75.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.98 |
-5.80 |
34.66 |
21.19 |
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Current Ratio |
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.. |
114.50 |
109.82 |
.. |
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N.Worth Ratio |
.. |
19.78 |
15.80 |
.. |
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R.Profit/Sales |
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3.80 |
3.91 |
3.86 |
.. |
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N.Profit/Sales |
2.00 |
2.05 |
2.00 |
1.47 |
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Return On Equity |
.. |
18.09 |
25.68 |
.. |
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Note: 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%)