MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SUN DENTAL CO
LTD |
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Registered Office : |
4-8-9 Minamisemba Chuoku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Jun 1972 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of dental
equipment & supplies, oral-care products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 38.4 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
SUN DENTAL CO LTD
REGD NAME
Sun Dental KK
MAIN OFFICE
4-8-9 Minamisemba
Chuoku
Tel : 06-6245-0950
Fax : 06-6245-7690
URL : http://www.sundental.jp/
E-Mail
address: info@sundental.jp
ACTIVITIES
Import,
wholesale of dental equipment & supplies, oral-care products
BRANCHES
OFFICERS
MINORU
IRIE, PRES & CEO Masahiko
Irie, s/mgn dir
Akiko
Shimizu, dir Jun’ichi
Hiraki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,150 M
PAYMENTS REGULAR CAPITAL Yen 15 M
TREND STEADY WORTH Yen
367 M
STARTED 1972 EMPLOYES 38
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DENTAL EQUIPMENT AND SUPPLIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 38.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Minoru Irie in order to
make most of his experience in the subject line of business. This is a trading firm specializing in
importing and wholesaling dental equipment and supplies. Also handles oral-care products, such as
tooth brushes, tooth paste, cleansers, other.
Imports are from
FINANCIAL INFORMATION
The financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen 2,150 million, a 2.4% up from Yen 2,100 million in the previous term. Demand rose for oral-care products, plus weaker Yen contributed. The net profit was posted at Yen 45 million, down from Yen 46 million a year ago. This is referred to the higher operating & imports costs.
For the current term ending Mar 2008 the net profit is projected to mark time at Yen 45 million, on a 2.3% rise in turnover, to Yen 2,200 million. Weaker Yen will continue to raise sales in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 38.4 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Jun 1972
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 120,000 shares
Issued: 30,000 shares
Sum: Yen 15 million
Major shareholders (%): Minoru Irie (33.3), Kazumi Irie (33.3), Kikuko Irie (23.3), Masahiko Irie (6.7), Akiko
No. of
shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales dental equipment &
supplies (--100%), importing about 80% of the products:
Dental clinic/labs/technicians use: irradiators, X-ray films, magnifiers, root canal instruments, oral X-rays, dental sterilizers, dental chairs, tables, abrasives, articulators, gloves, masks, eye shields, protectors, sterilizers, cleaners, aprons, disinfectants, other;
Oral-care products: tooth brushes, tooth paste/powder, dental floss, denture brushes, denture cleanser, others.
Clients: [Dental supplies dealers, wholesalers] Morimura, International Dental Trading, J Morita, Japan Dental Supply, Momose Dental, other.
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
Domestic suppliers: Sun Star Inc, Heiwa Bussan, Nihon Shika Kizai, Morimura, other.
Payment
record: Regular
Location: Business area in
Bank References
SMBC
(Semba)
MUFG
(Shinsaibashi)
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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2,200 |
2,150 |
2,100 |
2,010 |
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Recur.
Profit |
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Net
Profit |
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45 |
45 |
46 |
45 |
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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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367 |
335 |
289 |
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Capital,
Paid-Up |
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15 |
15 |
15 |
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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 |
2.33 |
2.38 |
4.48 |
0.50 |
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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 |
2.05 |
2.09 |
2.19 |
2.24 |
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Notes:
Forecast (or estimated) figures for 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%)