MIRA
INFORM REPORT
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Report Date : |
28.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
G Y K CO LTD |
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Registered Office : |
4-15-8 Sawaragi-Nishi Ibaraki City Osaka-Pref 567-0868 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
October 1959 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Sprinklers,
Lawn Trimmers, other Gold Course Management Equipment |
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 73.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
G Y K CO LTD
REGD NAME: Gorufu (Golf) Yohin KK
MAIN OFFICE: 4-15-8 Sawaragi-Nishi
Ibaraki City Osaka-Pref 567-0868 JAPAN
Tel:
072-632-5861 Fax: 072-635-3203
E-Mail address:info@gyk.co.jp
ACTIVITIES
Import, wholesale of sprinklers, lawn trimmers, other gold
course management equipment
BRANCHES
Chiba, Sendai, Saitama, Shizuoka, Nagoya, Okayama, Fukuoka,
other
OFFICER(S)
GIICHI HATSUDA, PRES
Yuji Ashiwake, mgn dir
Kikuo Nakao, dir
Kikuo Kaira, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,089 M
PAYMENTS REGULAR CAPITAL Yen 26 M
TREND STEADY WORTH Yen 1,610 M
STARTED 1959 EMPLOYES 85
COMMENT
IMPORTER & WHOLESALER OF GOLF COURSE MANAGEMENT
EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 73.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of trading division separated from Hatsuta Seisakusho Co Ltd, Osaka, mfr of agricultural equipment, jet sprinklers, Osaka. This is a trading firm specializing in importing and wholesaling golf course management equipment & supplies: jet sprinklers, lawn mower trucks, irrigation equipment, other.
FINANCIAL INFORMATION
Financials are stopped releasing with the last at Mar/2005 fiscal term.
The sales volume for Mar/2007 fiscal term amounted to Yen 4,089 million, a 22% up from Yen 3,348 million in the previous term. Golf-related goods & equipment rose thanks to economic recovery. The net profit was posted at 68 million, up from Yen 63 million a year ago.
For the term just ended Mar 2008 the net profit was projected at Yen 70 million, on a 3% rise in turnover, to Yen 4,200 million.
The financial situation is considered FAIR to GOOD and responsible for ORDINARY business engagements. Max credit limit is estimated at Yen 73.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1959
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 200,000 shares
Issued: 52,000 shares
Sum: Yen 26 million
Major shareholders (%)
Kenji Ohya (14), Saburo Takebayashi (7), Employees’ S/Holding Assn (6), Kikuo Kaira (5)
No. of shareholders: 30
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales golf course management equipment: lawn trimming trucks, water jet sprinklers, irrigation equipment, other (--100%)
Clients
Golf courses, sports ground operators, other.
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Toro, Standard, other.
Domestically supplied from Marunaka Co, Hatsuta Kakusanki, other.
Payment record
Regular
Location
Business area in Ibaraki City, Osaka-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Ibaraki)
MUFG (Ibaraki-Ekimae)
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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4,200 |
4,089 |
3,348 |
3,300 |
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Recur.
Profit |
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65 |
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Net
Profit |
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70 |
68 |
63 |
41 |
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Total Assets |
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N/A |
N/A |
2,209 |
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Net
Worth |
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1,610 |
1,554 |
1,493 |
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Capital,
Paid-Up |
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26 |
26 |
26 |
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Div.P.Share(¥) |
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125.00 |
125.00 |
100.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.71 |
22.13 |
1.45 |
9.78 |
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Current Ratio |
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.. |
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.. |
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N.Worth Ratio |
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.. |
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67.59 |
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N.Profit/Sales |
1.67 |
1.66 |
1.88 |
1.24 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures 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%)