MIRA
INFORM REPORT
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Report Date : |
05.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MACKS FOODS JAPAN CO LTD |
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Registered Office : |
4-9-5 Futaba Shinagawaku |
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Country : |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
May 1986 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of fish
& vegetables; operates pubs |
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 11.1 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
MACKS FOODS JAPAN
CO LTD
REGD NAME
KK Macks Foods
MAIN OFFICE
4-9-5 Futaba Shinagawaku
Tel : 03-5750-5730
Fax : 03-3787-9174
URL : N/A
ACTIVITIES
Import,
wholesale of fish & vegetables; operates pubs
PUBS
OFFICERS
MAKOTO
NISHIDA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 618 M
PAYMENTS REGULAR CAPITAL Yen 35 M
TREND STEADY WORTH Yen
119 M
STARTED 1986 EMPLOYES 7
COMMENT
IMPORTER OF FISH & VEGETABLES; OPERATOR OF 4 PUBS. 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 Makoto Nishida in order to
make most of his experience in the subject line of business. This is a small-sized trading firm
specializing in importing fishes & vegetables. Products are imported from
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for Apr/2007 fiscal term amounted to Yen 618 million, an almost similar turnover of Yen 615 million in the previous term. Imports of fish & vegetables were steady. Pubs stayed at similar sales. The net profit is estimated posted at Yen 10 million, similarly from the last term. The firm does not disclose profits and these figures have been provided from outside sources.
For the current term ending Apr 2008 the net profit is projected at Yen 10 million, on a 2% rise in turnover, to Yen 630 million. Newly opened pub will contribute to sales growth, while fish/vegetable imports will remain steady.
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: May 1986
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 280,000 shares
Issued: 70,000
shares
Sum: Yen
35 million
Major shareholders (%): Makoto
Nishida (70)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales fish & vegetables (--70%); operates 4 Japanese-
Style pubs, others (--30%).
Sea
urchin, salmon, mushrooms are imported from
Clients:]
Food wholesalers, food shops, consumers.
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Mfrs, wholesalers] Chugai Shokuhin, Enomoto Shoten, other.
Imports
from
Payment
record: Regular
Location: Business area in
Bank References
Resona
Bank (Meguro-Ekimae)
SMBC
(Meguro)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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30/04/2008 |
30/04/2007 |
30/04/2006 |
30/04/2005 |
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Annual
Sales |
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630 |
618 |
615 |
615 |
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Recur.
Profit |
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Net
Profit |
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10 |
10 |
10 |
10 |
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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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119 |
109 |
99 |
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Capital,
Paid-Up |
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35 |
35 |
35 |
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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 |
1.94 |
0.49 |
0.00 |
0.82 |
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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 |
1.59 |
1.62 |
1.63 |
1.63 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 30/04/2008 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%)