MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHOJI MOKUZAI KK |
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Registered Office : |
1-1-9 Shinkiba Kotoku Tokyo 136-0082 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
May 1960 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Woods,
Timber, Bamboo, Laminated Lumber |
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 106.9 million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
SHOJI MOKUZAI KK
REGD NAME: Shoji Mokuzai KK
MAIN OFFICE: 1-1-9 Shinkiba Kotoku Tokyo 136-0082 JAPAN
Tel: 03-3521-7221 Fax: 03-3522-0228
URL
E-Mail address
shoji@shoji-mokuzai.co.jp
ACTIVITIES
Import, wholesale of woods,
timber, bamboo, laminated lumber
BRANCHES
Koshigaya (Saitama) (lumber center)
OFFICER(S)
YOSHIO SHOJI, PRES
Totaro Shoji, ch
Yoneichi Okahisa, dir
Hiroshi Iwafune, dirKawamura, dir
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,077 M
PAYMENTS REGULAR CAPITAL Yen 36 M
TREND STEADY WORTH Yen 672 M
STARTED 1960 EMPLOYES 22
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN TIMBER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 106.9 MILLION, 30 DAYS NORMAL
TERMS
HIGHLIGHTS
The subject company was
established by Totaro Shoji in order to make most of his experience in the
subject line of business. Yoshio is the
founder’s son. This is a wholesaler
specializing in woods & timber.
Wood & timber are imported from USA, Canada, Russia, other. Also handles housing materials and members,
such as doors, pillars, floorings, etc.
Operates a lumber distribution center in Koshigaya, Saitama-Pref.
FINANCIAL INFORMATION
The sales volume for Mar/2007
fiscal term amounted to Yen 4,077 million, a 3% up from Yen 3,948 million in
the previous term. Material price hikes
contributed. Profits were deteriorated,
however, due to rising operation costs & expenses. Recurring profit was posted at Yen 29
million and the net profit at Yen 18 million, respectively, compared with Yen
44 million recurring profit and Yen 24 million net profit, respectively, a year
ago.
For the current term ending Mar
2008 the net profit is projected at Yen 18 million, on a similar turnover, at
Yen 4,100 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 106.9
million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1960
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 72,000 shares
Sum: Yen 36 million
Major shareholders (%): Yoshio
Shoji (44), Employees’ S/Holding Assn (28), Totaro Shoji (8)
No. of shareholders: 20
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION
Activities: Imports and wholesales
hemlock timber, pine timber, cedar timber, laminated wood, Northern Ocean
timber, building materials (doors, pillars, floors, etc) (--100%).
Imports from USA, Canada, Russia,
other.
Clients
[Timber dealers, wholesalers] Nice
Co, Shinko Corp, Tokyo Mokuzai Kigyo, Taiyo Co, Tomoku Ichiba, other.
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers
Mfrs, wholesalers] Sumitomo Forestry,
Oji Forest & Products, Nice Co, Hanwa Co, ICK Trading, Meiwa Kogyo, Sojitz
Building Materials Corp, other.
Imports from USA, Canada, Russia,
etc.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References
Mizuho Bank (Fukagawa)
Shoko Chukin Bank (Shinkiba)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms
Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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4,100 |
4,077 |
3,948 |
4,071 |
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Recur.
Profit |
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29 |
44 |
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Net
Profit |
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18 |
18 |
24 |
10 |
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Total
Assets |
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2,030 |
2,080 |
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Current
Assets |
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1,761 |
1,807 |
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Current
Liabs |
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1,348 |
1,414 |
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Net
Worth |
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672 |
656 |
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Capital,
Paid-Up |
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36 |
36 |
36 |
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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 |
0.56 |
3.27 |
-3.02 |
-0.05 |
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Current
Ratio |
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.. |
130.64 |
127.79 |
.. |
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N.Worth
Ratio |
.. |
33.10 |
31.54 |
.. |
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R.Profit/Sales |
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.. |
0.71 |
1.11 |
.. |
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N.Profit/Sales |
0.44 |
0.44 |
0.61 |
0.25 |
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Return
On Equity |
.. |
2.68 |
3.66 |
.. |
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Notes: 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%)