MIRA
INFORM REPORT
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Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
NAITOU TORYO KK |
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Registered Office : |
Towa Bldg 1F, 3-11-11 Setagaya Setagayaku Tokyo 154-0017 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
March 1950 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale of Paints, Painting Tools |
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 3.3 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
NAITOU TORYO KK
REGD NAME: Naitou Toryo KK
MAIN OFFICE: Towa Bldg 1F, 3-11-11 Setagaya Setagayaku
Tokyo 154-0017 JAPAN
Tel:
03-3425-3571 Fax: 03-3425-3573
URL: N/A
ACTIVITIES
Wholesale of paints, painting tools
BRANCHES
Nil
OFFICERS
AKIHIKO NAITO, PRES
Kiyoko Naito, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 180 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 108 M
STARTED 1996 EMPLOYES 6
COMMENT
WHOLESALER
SPECIALIZING IN PAINT AND PAINTING TOOLS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: YEN 1 MILLION.
MAX CREDIT LIMIT
YEN 3.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Akihiko Naito in order to make most of his experience in the subject line of business. This is a wholesaler, owned and operated by Naito family from their home, specializing in wholesaling paints & painting tools. Industrial paints are the mainstay. Paints are supplied from major paint makers. Competition is getting harder with lower-priced imports but the business is seen steady and expanding.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Apr/2007 fiscal term amounted to Yen 180 million, a 1% up from Yen 178 million in the previous term. The net profit was posted at Yen 10 million, compared with Yen 9 million a year ago.
For the term that ended Apr 2008 the net profit was projected and believed posted at Yen 10 million, on a 6% rise in turnover, to Yen 190 million. The price hikes of materials should have pushed the sales upwards. Price competition continues, however.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.3 million, on 30 days normal terms. The proposed amount in Japanese Yen is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Mar 1950
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%)
Akihiko Naito (70), Kiyoko Naito (30)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales paints & coatings for industrial use (95.5), for general-purpose use (0.5%), including paint brushes, rollers, paint spray guns, other painting tools, adhesives.
Clients
[Mfrs, wholesalers] Showa Chemical Ind, Keihin Panel Ind, Fujitsu Frontech Ltd, Itagaki Tosoh, Nishiura Tosoten, other.
No. of accounts: 200
Domestic areas of activities: Centered in greater-Tokyo.
Suppliers
[Mfrs, wholesalers] Kansai Paints, Mikasa Paint, Dainippon Toryo Hambai, Ohashi Chemical Ind, Edogawa Gosei, Daishin Chemical, Taiho Toryo, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are owned by Akihiko Naito as his private residence and maintained satisfactorily.
Bank References
Mizuho Bank (Kitazawa)
MUFG (Shimokitazawa)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/04/2008 |
30/04/2007 |
30/04/2006 |
30/04/2005 |
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Annual
Sales |
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190 |
180 |
178 |
175 |
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Recur.
Profit |
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Net
Profit |
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10 |
10 |
9 |
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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108 |
98 |
89 |
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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 |
5.56 |
1.12 |
1.71 |
2.94 |
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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 |
5.26 |
5.56 |
5.06 |
4.57 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for 30/04/2008 fiscal term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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%)