MIRA
INFORM REPORT
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Report Date : |
09.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
KONISHI SANGYO CO LTD |
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Registered Office : |
YK Bldg, 1-28-7 Kitashinagawa Shinagawaku Tokyo 140-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
June 1963 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of hockey outfits, aluminum sashes |
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 9.6 MILLION |
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Status : |
Slow |
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Payment Behaviour : |
Regular |
name & address
KONISHI SANGYO CO LTD
REGD NAME: Konishi Sangyo KK
MAIN OFFICE: YK Bldg, 1-28-7
Kitashinagawa Shinagawaku Tokyo 140-0001 JAPAN
Tel: 03-5769-2881 Fax:
03-2769-2882
URL
ACTIVITIES
Import, wholesale of hockey outfits, aluminum sashes
BRANCHES
Osaka
OFFICER(S)
YASUFUMI TANNO, PRES
Hiroshi Nakashima, dir
Kenji Hanayama, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 521 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND SLOW WORTH Yen 93 M
STARTED 1963 EMPLOYES 7
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN HOCKEY OUTFITS AND
ALUMINUM SASHES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 9.6 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The
subject company was established by Yasufumi Tanno, a one-time hockey player
himself, in order to make most of his experience in the subject line of
business. This is a trading house for
importing and wholesaling hockey outfits, except wears & boots, for supply
to hockey club operators, sports clubs, other.
Goods are imported mainly from Canada.
Also supplied from domestic suppliers.
FINANCIAL INFORMATION
The
financials are only partially disclosed.
The sales
volume for Mar/2007 fiscal term amounted to Yen 521 million, a 7% up from Yen
488 million in the previous term. The
operations came back to profitability to post Yen 1 million net profit. This compares with Yen 17 million net losses
the previous term, hurt by rising costs of imports.
For
the current term ending Mar 2008 the net profit is projected at Yen 5 million,
on a 4% rise in turnover, to Yen 540 million.
Weaker Yen will contribute to sales amount in Yen terms.
The
financial situation is considered maintained FAIR and should be good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 9.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1963
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 200,000
shares
Issued: 50,000
shares
Sum: Yen
25 million
Major shareholders (%)
Yasufumi Tanno (80), Mikio Kunimitsu (8)
No. of shareholders
8
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities:
Imports and wholesales hockey outfits (80%), aluminum sashes, other aluminum
building materials (20%).
Goods are imported mainly from
Canada.
Clients
[Hockey team owners (business
firms), mfrs, wholesalers] Kanto Rock Wool,
Oji Paper, Oji Tac, Prince Hotel,
other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Mfrs,
wholesalers] Nippon NSC, Oji Tac, Nippon Oil, other. Also imports from H&B, WW Hockey, Hespeler, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
MUFG (Meguro-Ekimae)
Relations: Satisfactory
FINANCES
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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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540 |
521 |
488 |
516 |
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Recur.
Profit |
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Net
Profit |
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5 |
1 |
-17 |
44 |
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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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93 |
92 |
109 |
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Capital,
Paid-Up |
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25 |
25 |
25 |
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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 |
3.65 |
6.76 |
-5.43 |
-3.55 |
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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 |
0.93 |
0.19 |
-3.48 |
8.53 |
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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%)