MIRA
INFORM REPORT
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Report Date : |
13.10.2007 |
IDENTIFICATION DETAILS
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Name : |
OKAYA TORYO KK |
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Registered Office : |
2-4-47 |
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Country : |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
Nov 1966 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Wholesale of paints &
coatings; painting works |
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 2.9 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
OKAYA TORYO KK
REGD NAME
Okaya Toryo KK
MAIN OFFICE
2-4-47
Tel : 0266-26-4116
Fax : 0266-26-0616
URL : http://www.okaya-toryo.co.jp/ (Japanese only)
E-Mail
address: info@okaya-toryo.co.jp
ACTIVITIES
Wholesale
of paints & coatings; painting works
BRANCHES
Nil
OFFICERS
MASAHIRO
KATOH, DIR
Toichi
Katoh, ch
Kazuaki
Saitoh, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 470 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen
34 M
STARTED 1966 EMPLOYES 14
COMMENT
WHOLESALER SPECIALIZING IN PAINTS & COATINGS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2.9 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1959 by Toichi Katoh in order to make most of his experience in the subject line of business. Masahiro is the founder’s son, who took the pres office in Oct 1999. Specializes in wholesaling paints & coatings for industrial, automotive-use, including waterproofing paints, adhesives, sealing agents, painting equipment & supplies, other. Executes painting works, too. In Jun 2002, employed Sumitomo 3M’s Scotchprint Graphics and expanded operations into signboards, wooden furniture, window/shutter/floor paintings, other, in addition to conventional home/office refurbishing, ship coating, and industrial machinery. Clients include car repair shops, mfr, other.
FINANCIAL
INFORMATION
The sales volume for Jun/2007 fiscal term is estimated amounted to Yen 470 million, a 3% up from Yen 458 million in the previous term. The operations came back to profitability but still limited to a minimum amount post-taxes. The last term registered Yen 11 million recurring loss and Yen 11 million net losses, respectively. Hike in material cost could not pass on to clients. Finalized financials are yet to be disclosed.
For the current term ending Jun 2008 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 485 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 2.9 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Nov 1966
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 60,000 shares
Sum: Yen
30 million
Major shareholders (%): Masahiro Katoh, Toichi Katoh, and families (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales paints & coatings, painting equipment & supplies, adhesives, sealing agents, solvents, other industrial chemicals; executes painting works (--100%).
Paints are for industrial and automotive-use (sheet metal coating, refinishing, etc)
Uses
Sumitomo 3M’s Scotchprint Graphics, for apply to bulletin, doors, shutters,
windows, walls, floors, etc.
Clients: [Mfrs, auto industries] Tohatsu Marine, Daiko Shinsei, Toyo Seiki Kogyo, other
No. of
accounts: 500
Domestic
areas of activities: Centered in Nagano-Pref
Suppliers: [Mfrs, wholesalers] Nippon Paint Hambai, Sumitomo 3M, Kuboko Paint, Auto Business, Otsuka Paint Brush Mfg, Daiwa Toryo, Isamu Paint, other.
Payment
record: Regular
Location: Business area in
Bank References
Hachijuni
Bank (Okaya-Higashi)
Nagano-Pref
Shinkin Bank (Okaya)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
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Annual
Sales |
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470 |
458 |
434 |
383 |
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Recur.
Profit |
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-11 |
1 |
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Net
Profit |
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0 |
-11 |
1 |
1 |
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Total
Assets |
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356 |
347 |
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Current
Assets |
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211 |
214 |
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Current
Liabs |
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207 |
209 |
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Net
Worth |
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34 |
45 |
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Capital,
Paid-Up |
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30 |
30 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.62 |
5.53 |
13.32 |
1.59 |
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Current Ratio |
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.. |
101.93 |
102.39 |
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N.Worth Ratio |
.. |
9.55 |
12.97 |
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R.Profit/Sales |
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.. |
-2.40 |
0.23 |
.. |
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N.Profit/Sales |
0.00 |
-2.40 |
0.23 |
0.26 |
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Return On Equity |
.. |
-32.35 |
2.22 |
.. |
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Notes:
Forecast (or estimated) figures for
30/06/2007 fiscal term.
Finalized
financials are yet to be released.
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%)