MIRA
INFORM REPORT
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Report Date : |
25.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
BIKKU BEI YK |
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Registered Office : |
59-6 Saiwaicho Itabashiku Tokyo 173-0034 |
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Country : |
Japan |
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Date of Incorporation : |
August 1992 |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Import, Wholesale of Lobster, Abalone, Other Fish |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 3.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
BIKKU BEI YK
REGD NAME: Bikku Bei YK
MAIN OFFICE: 59-6 Saiwaicho
Itabashiku Tokyo 173-0034 JAPAN
Tel:
03-5917-1223 Fax: 03-5917-1225
URL: http://www.32.ocn.ne.jp/~bigbay.com
/
E-Mail address: bigbay@dream.com
ACTIVITIES
Import, wholesale of lobster, abalone, other fish
BRANCHES
Nil
OFFICER(S)
HIROSHI SUZUKI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 200 M*
PAYMENTS REGULAR CAPITAL Yen 7 M
TREND SLOW WORTH Yen 7 M
STARTED 1992 EMPLOYES 5
* Estimated figures
only.
COMMENT
IMPORTER OF LOBSTER.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 3.5 MILLION, 30 DAYS NORMAL TERMS, WE RECOM-MENDING SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Hiroshi Suzuki in order to make most of his experience in the subject line of business. A trading firm specializing in import and wholesale of lobster, abalone, other fished. Fishes are imported from Australia, Canada, other. Clients are local fish markets, fishery stores, other.
FINANCIAL INFORMATION
The firm does not disclose its financials. The following figures are estimated only as gathered from brief conversation with the owner. No outside sources to verify these figures, though.
The sales volume for Dec/2007 fiscal term is believed
amounted to Yen 200 million, a similar amount in the previous term. The net profit is believed posted at Yen 5
million.
For
the current term ending Dec 2008 the net profit is projected at Yen 5 million,
on a 5% rise in turnover, to Yen 210 million.
The financial situation is considered RATHER WEAK but good
for MODERATE business engagements. Max credit
limit is estimated at Yen 3.5 million, on 30 days normal terms. We recom-mend secured terms on new
transactions.
REGISTRATION
Date Registered: Aug 1992
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen 7
million
Major shareholders (%)
Hiroshi Suzuki (100)
Nothing detrimental is known as to ^the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales lobster, abalone, other
fishes (--100%).
Clients
Fish markets, fishery stores,
other
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
Imports from Australia, New
Zealand, Canada, other.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References
MUFG (Oyama)
Tokyo Shinkin Bank (Oyama)
Relations: Satisfactory
FINANCES: (In Million Yen)
NOT DISCLOSED.
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%)