MIRA
INFORM REPORT
|
Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BESSHO LUMBER CO LTD |
|
|
|
|
Registered Office : |
1-9-31 Yokogoshikawanecho Konanku Niigata 950-0211 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.08.2007 |
|
|
|
|
Date of Incorporation : |
December 1960 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Sawmill, Import of House Interior Materials; House
Building |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
YEN 17.5 Million |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
BESSHO LUMBER CO LTD
REGD NAME: KK Bessho Zaimokuten
MAIN OFFICE
1-9-31 Yokogoshikawanecho Konanku Niigata 950-0211 JAPAN
Tel: 025-385-2034 Fax:
025-385-2035
URL
http://www.bessho-lumber.co.jp/
E-Mail address
ACTIVITIES
Sawmill, import of house interior materials; house building
BRANCHES
Nil
FACTORY(IES)
At the caption address
OFFICER(S)
KOICHI BESSHO, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 730 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 249 M
STARTED 1960 EMPLOYES 17
COMMENT
SAWMILL; IMPORTER OF HOUSE INTERIOR MATERIALS; HOUSE
BUILDING WORKS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 17.5 MILLION, 30 DAYS NORMAL
TERMS
HIGHLIGHTS
The
subject company was established originally in 1922 by father of Koichi Bessho
as a sawmill, on his account. Later expanded
operations into import and wholesale of house interior materials: doors, window
frames, flooring, floor woods, other.
Also engaged in house building works, including real estate business. Housing materials are mostly imported.
FINANCIAL INFORMATION
The
firm stopped releasing full financials as from the 31/08/2006 fiscal term, and
only the following partial figures are made available.
The
sales volume for Aug/2007 fiscal term amounted to Yen 730 million, a 4% up from
Yen 700 million in the previous term.
The net profit was posted at Yen 1 million, compared with Yen 5 million
a year ago. This is referred to the
hike in materials costs including fuel oil prices.
For
the current term ending Aug 2008 the net profit is projected at Yen 3 million,
on a 3% rise in turnover, to Yen 750 million.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 17.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1960
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders (%)
Koichi Bessho (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: This is a sawmill and imports woods, wooden doors, window panels, flooring, panel boards, sliding doors, floor woods, other (--65%); house building works, real estate broking, other related works (--35%).
Clients
[House builders, house owners] States Co, KK Ishikawa, Morohashi Koumuten, Niigata Fujita, other.
No. of accounts: 300
Domestic areas of activities: Centered in Niigata-Pref
Suppliers
[Mfrs, wholesalers] Nice Co, JK Holdings, Jutec Corp, Akita-Pref Mokuzai Center, Kanazawa Kogyo, Oji Forest & Products, KP Wood, other.
Imports from China, other.
Payment record: Regular
Location: Business area in Niigata. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Daiko Bank (Niitsu)
Daishi Bank (Kameda)
Relations: Satisfactory
FINANCES: (In Million Yen)
|
Terms Ending: |
|
31/08/2008 |
31/08/2007 |
31/08/2006 |
31/08/2005 |
|
Annual Sales |
|
750 |
730 |
700 |
765 |
|
Recur. Profit |
|
|
|
|
6 |
|
Net Profit |
|
3 |
1 |
5 |
6 |
|
Total Assets |
|
|
N/A |
N/A |
578 |
|
Net Worth |
|
|
249 |
248 |
243 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.74 |
4.29 |
-8.50 |
11.52 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
42.04 |
|
|
N.Profit/Sales |
0.40 |
0.14 |
0.71 |
0.78 |
|
Notes: Financials are only partially disclosed as from the
31/08/2006 fiscal term
Forecast (or estimated) figures for the 31/08/2008 fiscal
term.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)