MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
GIFU BATTERY SALES CO LTD |
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Registered Office : |
1-20 Kinoshitacho |
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Country : |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
Nov 1973 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of
industrial & car batteries |
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 5.3 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
GIFU BATTERY SALES CO LTD
REGD NAME
KK Gifu
MAIN OFFICE
1-20 Kinoshitacho
Gifu 500-8154
Tel : 058-247-1860
Fax : 058-248-0734
URL : http://www.tb-battery.com/
E-Mail
address: info@garden-goods.com
ACTIVITIES
Import,
wholesale of industrial & car batteries
BRANCHES
Nil
FACTORY(IES)
At the
caption address (processing/repairing yard)
OFFICER(S)
AKIHIRO
HAYASHI, PRES
Kiyoshi
Shindo, s/mgn dir
Yoshihiro
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 601 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
71 M
STARTED 1973 EMPLOYES 12
COMMENT
TRADING FIRM SPECIALIZING IN INDUSTRIAL & CAR BATTERIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 5.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1968 by
Akihiro Hayashi for wholesaling batteries, on his account, and was incorporated
in 1973. This is a trading house for
importing and wholesaling batteries for industrial and car use. Items handled include emergency batteries,
shield sealing type batteries, car coolers, etc. Imports of batteries started in 1986, when
the firm concluded import agreement of OEM batteries produced by Global Yuasa
Co, a Japan/Korea JV. Goods are imported
from
FINANCIAL INFORMATION
The sales volume for Jul/2006 fiscal term amounted to Yen 601 million, a 5% up from Yen 570 million in the previous term. Demand increased particularly from car & motorcycle makers, in addition to industrial makers. The net profit increased to Yen 6 million from Yen 4 million a year ago.
For the term ended Jul 2005 the net profit is reported posted at Yen 6 million, on a 5% rise in turnover, to Yen 630 million. Sales continued increasing. Weaker Yen also assisted to raise sales in Yen terms, reportedly.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 5.3 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Nov 1973
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Akihiro Hayashi (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales batteries for industrial & vehicle use: forklift, golf cart, jet ski, electromotive conveyers, car floor cleaning machines, others (--60%);
Batteries for import & domestic-made automobiles, specialty-purpose vehicles, motorcycles, others (--40%).
Goods are imported from
Clients: [Car parts dealers, rental stores, wholesalers] Japan
Automotive Service Industry Commerce Assn, Gifu Nisseki, Nikken Corp, Wakita & Co, S
Line Gifu, Gifu Subaru, other.
No. of
accounts: 700
Domestic
areas of activities: Centered in greater-Nagoya
Suppliers: [Battery makers, wholesalers] Nippon Battery, Chubu GS Hambai, Nippon Parts Kiki, US Battery, Hyundai Battery, Classic UK, Sanko Inc, Sumitomo Corp, other.
Payment
record: Regular
Location: Business area in
Bank References
Jyuroku
Bank (H/O)
Ogaki
Kyoritsu Bank (Umebayashi)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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630 |
601 |
570 |
566 |
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Recur.
Profit |
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8 |
9 |
4 |
1 |
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Net
Profit |
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6 |
6 |
4 |
5 |
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Total
Assets |
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493 |
510 |
507 |
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Current
Assets |
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351 |
357 |
356 |
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Current
Liabs |
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190 |
189 |
198 |
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Net
Worth |
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71 |
64 |
60 |
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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 |
4.83 |
5.44 |
0.71 |
1.62 |
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Current Ratio |
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.. |
184.74 |
188.89 |
179.80 |
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N.Worth Ratio |
.. |
14.40 |
12.55 |
11.83 |
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R.Profit/Sales |
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1.27 |
1.50 |
0.70 |
0.18 |
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N.Profit/Sales |
0.95 |
1.00 |
0.70 |
0.88 |
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Return On Equity |
.. |
8.45 |
6.25 |
8.33 |
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Notes:
Forecast (or estimated) figures for 31/07/2007 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%)