MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MUSO CO LTD |
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Registered Office : |
3-7-22 Nishitenma Kitaku Osaka 530-0047 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007 |
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Date of Incorporation : |
November 1986 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Organic Soybeans, Organic Coffee
Beans, Other |
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 36.9 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
MUSO CO LTD
REGD NAME: KK Muso Shoji
MAIN OFFICE: 3-7-22 Nishitenma
Kitaku Osaka 530-0047 JAPAN
Tel:
06-6316-6011 Fax: 06-3716-6016
URL: http://www.muto-intl.co.jp/
E-Mail address:info@muto-intl.co.jp
ACTIVITIES
Import, wholesale of organic soybeans, organic coffee beans,
other
BRANCHES
China (2), USA
FACTORY(IES)
America Soy Products Inc (JV of mfg organic foods)
OFFICER(S)
YUKO OKADA, PRES
Yoshiko Okada, s/mgn dir
Seigo Okada, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,046 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen 146 M
STARTED 1986 EMPLOYES 17
COMMENT
IMPORTER OF NATURAL & ORGANIC FOODS & FOOD
MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 36.9 MILLION, 30 DAYS NORMAL
TERMS
HIGHLIGHTS
The subject company was established on the basis of trading division separated from Muso KK. This is a trading firm specializing in importing and wholesaling natural & organic foods & food materials. Also exports soy sauce, soybean paste, sea weeds, other to USA, China, etc. The firm is wholly owned and operated by the Okada family. The parent body, Muso KK, is now engaged in domestic sales of products imported by the subject firm.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Aug/2007 fiscal term amounted to Yen 2,046 million, a 4% up from Yen 1,975 million in the previous term. Organic soybeans imports increased. Also price hikes contributed. The net profit was posted at Yen 32 million, up from Yen 26 million a year ago.
For the current term ending Aug 2008 the net profit is projected at Yen 33 million, on a 3% rise in turnover, to Yen 2,100 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 36.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1986
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%)
Yuko Okada (25), Yoshiko Okada (10)
No. of shareholders: 8
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports & wholesales organic & natural foods & food materials: soybeans, coffee beans, wheat, barley, rice, sesame, nuts, organic sugar, dry prune, raisin, cocoa powder; organic maple syrup, organic pasta, organic oils, natural chocolates, peanuts, others (--100%).
Clients
[Mfrs, food dealers] Eden, Spiral, Muto KK, Azuma Foods, other.
Also exports to Europe, USA, Australia, Asia, China, other
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Marusan Ai Co, Mie Gyoren Hambai, KK Umeken, Sanko,
Marumata, other.
Exports to China, USA, Australia, other.
Payment record
Regular
Location
Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Tenmabashi)
MUFG (Semba)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/08/2008 |
31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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2,100 |
2,046 |
1,975 |
1,937 |
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Recur.
Profit |
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Net
Profit |
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33 |
32 |
28 |
9 |
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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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146 |
114 |
105 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
2.64 |
3.59 |
1.96 |
-5.23 |
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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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.. |
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N.Profit/Sales |
1.57 |
1.56 |
1.42 |
0.46 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/08/2008 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%)