MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MASUI SHOJI CO LTD |
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Registered Office : |
Honmachi Wako Bldg 1001, 2-1-7 Kita-Kyuhojimachi Chuoku Osaka 541-0057 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
July 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of Steel Sheets and Related Products |
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 4.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
MASUI SHOJI CO LTD
REGD NAME: Masui Shoji KK
MAIN OFFICE: Honmachi Wako Bldg
1001, 2-1-7 Kita-Kyuhojimachi Chuoku Osaka 541-0057 JAPAN
Tel:
06-6261-9130 Fax: 06-6261-1059
URL: N/A
ACTIVITIES
Export of steel sheets & related products
BRANCHES
Nil
OFFICER(S)
TSUTOMU MASUI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 250 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 25 M
STARTED 1991 EMPLOYES 3
COMMENT
TRADING
FIRM SPECIALIZING IN EXPORTING STEEL PRODUCTS.
FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS. CONSIDERED GOOD FOR CREDIT
ENGAGEMENTS: US$50,000 / DP TERMS.
MAX CREDIT LIMIT
YEN 4.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The
subject company was established by Tsutomu Masui in order to make most of his
experience in foreign trading. This is
a trading house specializing in exporting steel & metal sheets, plates,
other products as judged from domestic suppliers. Also believed handles forklift parts & components, as
supplied from domestic forklift mfrs. T
Masuda declined to specify handling items, saying that his clients are well
aware of the handling items and that he does not want them to be known
particularly to fellow traders or competitors.
Export destinations are Guam, Saipan, Palau Island, Truk Islands,
other. Goods are supplied from major
steel mfrs, forklift mfrs, and traders.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The sales
volume for Jun/2007 fiscal term amounted to Yen 250 million, a 15% down from
Yen 295 million in the previous term.
Exports slowed due to rising materials costs. The net profit decreased to Yen 1 million, from Yen 2 million a
year ago.
For
the current term ending Jun 2008 the net profit is projected at Yen 2 million,
on an 8% rise in turnover, to Yen 270 million.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 4.8 million, on 30 days normal terms. The proposed amount is considered within the
firm’s financial capacities.
REGISTRATION
Date Registered: Jul
1991
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%)
Tsutomu Masui (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities:
Exports steel sheets, plates & related products, including, as believed,
forklift parts and components,
centrally to Asian Pacific regions (--100%).
Clients
[Mfrs, agent
dealers] Exports to Guam, Saipan, Palau Islands, Truk Islands,
Pompey, Cosrae, other.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Osaka
Supplier
[Mfrs, wholesalers] Komatsu Forklift, Metal
One, Sanyo Sales & Marketing, Daido Steel Sheet, Sojitz Corp, Komatsu
Utility, Nippon Steel & Sumikin Coated Sheet Corp, 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 (Semba)
Tokushima Bank (Osaka)
Relations: Money deposits & transfer only
FINANCES: (In Million Yen)
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Terms Ending: |
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30/06/2008 |
30/06/2007 |
30/06/2006 |
30/06/2005 |
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Annual
Sales |
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270 |
250 |
295 |
250 |
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Recur.
Profit |
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Net
Profit |
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2 |
1 |
2 |
1 |
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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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25 |
24 |
22 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
8.00 |
-15.25 |
18.00 |
-7.41 |
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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 |
0.74 |
0.40 |
0.68 |
0.40 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2008 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%)