MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SUGANUMA TRADING CO LTD |
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Registered Office : |
1-17-1 Aonuma Kofu Yamanashi-Pref 400-0867 |
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Country : |
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Financials (as on) : |
31.08.2007 |
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Date of Incorporation : |
Feb 1984 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import, wholesale of diamonds,
other precious stones, jewelry |
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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
SUGANUMA TRADING CO LTD
REGD NAME
YK Suganuma Boeki
MAIN OFFICE
1-17-1 Aonuma Kofu
Yamanashi-Pref 400-0867 JAPAN
Tel : 055-237-1888
Fax : 055-233-7300
URL : N/A
ACTIVITIES
Import,
wholesale of diamonds, other precious stones, jewelry
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
KIYOZUMI
SUGANUMA, PRES
Shuji
Tsuchiya, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 520 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND SLOW WORTH Yen
83 M
STARTED 1984 EMPLOYES 6
COMMENT
IMPORTER OF DIAMONDS & JEWELRY. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Kiyozumi Suganuma in
order to make most of his experience in the subject line of business. This is a family-based trading house for
import and wholesale of polished diamonds, and other precious stones. Goods are imported from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Aug/2006 fiscal term amounted to Yen 520 million, a 2% down from Yen 530 million in the previous term. Sluggish demand persisted for luxury goods. Price competition among the trade was getting severer. Business is seen slow to progress. The net profit remained similar at Yen 7 million.
For the term just ended Aug 2007 the net profit is believed posted at Yen 7 million, on a 2% rise in turnover, to Yen 530 million. Weaker Yen against foreign currencies is believed turned up sales in Yen terms. Business is observed picking up.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
REGISTRATION
Date
Registered: Feb 1984
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd Capital: Yen 5 million
Major
shareholders (%): Kiyozumi Suganuma (80), Eiko Suganuma (20)
No. of
shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales polished, precut diamonds and other gem stones (--100%).
Goods are imported centrally from
Partially processes them into jewelry products on consignment to local jewelry processors.
Clients: [Jewelry processors, jewelry stores] Gosho Jewel, Meijido Co, Takano Kikinzoku, Higuchi Inc, other.
No. of
accounts: 200
Domestic
areas of activities: Centered in Kofu-Pref, extending into greater-Tokyo area.
Suppliers: [Mfrs, wholesalers] Imports from
Payment
record: Regular
Location: Business area in
Bank References
Kofu
Shinkin Bank (Minami)
Resona
Bank (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Annual
Sales |
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530 |
520 |
530 |
550 |
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Recur.
Profit |
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Net
Profit |
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7 |
7 |
7 |
8 |
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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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83 |
76 |
69 |
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Capital,
Paid-Up |
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5 |
5 |
5 |
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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 |
1.92 |
-1.89 |
-3.64 |
-1.79 |
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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 |
1.32 |
1.35 |
1.32 |
1.45 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2007 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%)