MIRA
INFORM REPORT
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Report Date : |
18.09.2007 |
IDENTIFICATION DETAILS
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Name : |
JKB DAIRA JAPAN
INC |
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Registered Office : |
NBC Nishishimbashi Bldg 2F, 2-5-10 Nishishimbashi Minatoku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Dec 2002 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of
bullet-proof jacket, protective clothes |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 3.6 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
JKB DAIRA JAPAN
INC
REGD NAME
KK JKB Daira
MAIN OFFICE
NBC Nishishimbashi
Bldg 2F, 2-5-10 Nishishimbashi Minatoku
Tel : 03-3591-3717
Fax : 03-3591-3718
URL : N/A
ACTIVITIES
Import,
wholesale of bullet-proof jacket, protective clothes
BRANCHES
Nil
OFFICERS
YOSHIHISA
OHTA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 47 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
41 M
STARTED 2002 EMPLOYES 7
COMMENT
IMPORTER OF BULLET-PROOF JACKETS AND PROTECTIVE CLOTHES. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 3.6 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is agent distributor of JKB Daira,
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 47 million, a sharp 93% decline from Yen 675 million in the previous term. This is referred to steep decline in demand for the goods, the firm says. No further reason is revealed. Market observers say the competition is getting harder. The operations plunged into the red to register Yen 21 million net losses for the term.
For the current term ending Mar 2008 the operations are expected to come back to profitability to register Yen 10 million net profit, on a 538% rise in turnover, to Yen 300 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 3.6 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 2002
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 600 shares
Issued: 600 shares
Sum: Yen 30 million
Major shareholders (%): JKB
Daira Inc (10)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales bullet-proof jackets, other
protective clothes as sole distributor of JKB Daira Inc,
Clients: [Police stations, Ministry of National Defense] Tokyo Metropolitan Police Department, Ministry of National Self Defense, Japan Coast Guard, other.
No. of
accounts: 30
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs] Imports wholly from JKB
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Shimbashi)
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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300 |
47 |
675 |
228 |
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Recur.
Profit |
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Net
Profit |
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10 |
-21 |
20 |
14 |
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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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41 |
62 |
42 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
538.30 |
-93.04 |
196.05 |
985.71 |
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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 |
3.33 |
-44.68 |
2.96 |
6.14 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/03/2008 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%)