MIRA
INFORM REPORT
|
Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PRIMARK CO LTD |
|
|
|
|
Registered Office : |
OSP Ajihara-Honmachi Bldg 5F, 6-8 Ajihara-Honmachi Tennojiku Osaka 543-0022 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
May 1969 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Wholesale of labels, tags, wrapping
films, other |
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 190 millions |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
name
PRIMARK CO LTD
REGD NAME
KK Primark
MAIN OFFICE
OSP Ajihara-Honmachi Bldg 5F, 6-8 Ajihara-Honmachi Tennojiku Osaka 543-0022 JAPAN
Tel : 06-6762-6036
Fax : 06-6762-6038
URL : N/A
* The given address is its subsidiary company, Osaka Sealing Printing Co
Ltd.
ACTIVITIES
Wholesale of labels, tags, wrapping films, other
BRANCHES
Nil
OFFICERS
TADASHI MATSUGUCHI, PRES
Masaaki Kamifukigoshi, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 10,740 M
PAYMENTS REGULAR CAPITAL Yen 48 M
TREND STEADY WORTH Yen 1,019 M
STARTED 1969 EMPLOYES 7
COMMENT
WHOLESALER
SPECIALIZING IN SEALS, TAGS, LABELS, ETC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 190 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a division
separated from Osaka Sealing Printing Co Ltd, printing of seals, labels, Osaka
(See REGISTRATION). Tadashi Matsuguchi
presides the two firms, concurrently.
Specializes in wholesaling labels, tags, seals, adhesives, wrapping
films, etc. Tadashi Matsuguchi owns and
manages two other firms: KK Petter and Osaka Sealing Printing Co Ltd. Goods are also imported. Goods are shipped to these two firms mainly.
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen
10,740 million, a 0.9% up from Yen 10,650 million in the previous term. The net profit was posted at Yen 230
million, down from Yen 251 million a year ago.
This is referred to the rising costs of materials which were not passed
onto clients. Competition is getting
harder with cheaper imports coming in.
For the current term ending Mar 2008 the net profit is
projected at Yen 235 million, on a 2% rise in turnover, to Yen 10,850 million.
The financial situation is considered maintained FAIR to GOOD
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 190 million, on 30 days normal
terms.
REGISTRATION
Date Registered: May
1969
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 384,000
shares
Issued: 96,000
shares
Sum: Yen
48 million
Major shareholders (%): KK Petter (50), Tadashi Matsuguchi
(50)
No. of shareholders: 2
* Osaka Sealing Printing Co Ltd, founded 1954, capital Yen 262
million, turnover Yen 70,426 million,
net profit Yen 3,099 million, employees 1,891, pres Tadashi Matsuguchi,
concurrently
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Wholesales tags, labels, printing paper, adhesives,
other (--100%).
Clients: [Mfrs, wholesalers] Osaka Sealing Printing Co, KK
Petter, other.
No. of accounts: 500
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Mitsubishi Paper Sales, Mitsui
Bussan Solvent & Coating, Itochu
Pulp & Paper, Daimaru Kogyo, Toyo Ink
Mfg, Ricoh, other.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Kinki Osaka Bank (Tsuruhashi)
Resona Bank (Ueroku)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
|
Annual Sales |
|
10,850 |
10,740 |
10,650 |
10,173 |
|
Recur. Profit |
|
|
|
|
|
|
Net Profit |
|
235 |
230 |
251 |
207 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
1,019 |
790 |
545 |
|
Capital, Paid-Up |
|
|
48 |
48 |
48 |
|
Div.P.Share(¥) |
|
|
60.00 |
60.00 |
60.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.02 |
0.85 |
4.69 |
-4.52 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
2.17 |
2.14 |
2.36 |
2.03 |
|
Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/208 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%)