MIRA
INFORM REPORT
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Report Date : |
11.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ALMUNDO ASSOCIATES |
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Registered Office : |
Shinsaibashi Mako Bldg, 3-2-22 Minamisemba Chuoku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1995 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export of cotton
yarns, textile machinery |
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 5.8 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
ALMUNDO ASSOCIATES
REGD NAME
KK Almundo
MAIN OFFICE
Shinsaibashi Mako Bldg,
3-2-22 Minamisemba Chuoku
Tel : 06-6253-2277
Fax : 06-6253-2728
URL : N/A
ACTIVITIES
Import,
export of cotton yarns, textile machinery
BRANCHES
Nil
OFFICER(S)
TOSHIO
NOGUCHI, PRES
Noriko
Isomura, s/mgn dir
Tatsuo
Kitano, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 383 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
91 M
STARTED 1995 EMPLOYES 5
COMMENT
TRADING FIRM SPECIALIZING IN COTTON YARNS & TEXTILE MACHINERY. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 5.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Toshio Noguchi in order
to make most of his experience in the subject line of business. This is a trading firm specializing in import
and export of cotton yarns and textile machinery. Goods are imported from and exported to
mostly
Business is seen rather slow to expand as trade competition
getting severer with lower-priced imports from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen 383 million, a 25% sharp down from Yen 510 million in the previous term. Price competition over cotton yarns are getting severer. The net profit, on the other hand, remained similar at Yen 17 million.
For the current term ending Mar 2008 the net profit is projected at Yen 17 million, on a 4% rise in turnover, to Yen 400 million. Weaker Yen is expected to uplift sales in Yen terms.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 5.8 million, on normal 30 days terms.
REGISTRATION
Date
Registered: Apr 1995
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Toshio Noguchi (63), Noriko Isomura (27), Tatsuo Kitamura (10)
No. of
shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports, exports and wholesales cotton yarns, textile machinery, others
(--100%)
Clients:
[Mfrs, wholesalers]
Exports
textile machinery to
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Tateishi Sangyo, Nihon Shizai, other.
Imports
from
Payment
record: Regular
Location: Business area in
Bank References
SMBC
(Semba)
Resona
Bank (Semba)
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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400 |
383 |
510 |
415 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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17 |
17 |
17 |
16 |
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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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91 |
74 |
57 |
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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 |
4.44 |
-24.90 |
22.89 |
16.90 |
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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 |
4.25 |
4.44 |
3.33 |
3.86 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2008 fiscal term.
(*)
Data disclosed by the Taxation Office as the pretax profits.
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%)