MIRA
INFORM REPORT
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Report Date : |
07.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
BUYO SHOKUHIN CO LTD |
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Registered Office : |
Shin Kokusai Bldg 5F, 3-4-1 Marunouchi Chiyodaku Tokyo 100-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
November 1941 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Soybeans, Animal Feeds |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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
BUYO SHOKUHIN CO LTD
REGD NAME: Buyo Shokuhin KK
MAIN OFFICE: Shin Kokusai Bldg 5F,
3-4-1 Marunouchi Chiyodaku Tokyo 100-0005 JAPAN
Tel:
03-3211-4831 Fax: 03-3211-6004
E-Mail address: info@buyou.co.jp
ACTIVITIES
Import, wholesale of soybeans, animal feeds
BRANCHES
Miyagi (2), Fukushima (2)
OFFICER(S)
Akira Tobe, ch
HIROSUKE TOBE, PRES
Tsutomu Asano, mgn dir
Shigeru Mori, dir
Masato Kamai, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,005 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen 122 M
STARTED 1941 EMPLOYES 36
COMMENT
IMPORTER & WHOLESALER SPECIALIZING IN SOYBEANS &
ANIMAL FEEDS.
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 a food division separated from Tobe Shoji KK (See REGISTRATION). This is a trader with business operation areas in the northern part of Japan (Tohoku area), specializing in wholesaling and importing of soybeans, animal feeds, other. Goods are imported from USA, Canada, China, other. Clients include JA coops, food federations in prefectures of Fukushima/Yamagata/Akita/Miyagi, in the northern Japan
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for May/2007 fiscal term amounted to Yen 2,005 million, a slight rise from Yen 1,990 million in the previous term. The net profit was posted at 0.2 million, compared with Yen 0.5 million a year ago. Hikes in material prices, particularly of soybeans, ate into profits.
For the term just ended May 2008 the net profit was projected at Yen 1 million, on a 5% 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 1941
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2.4 million shares
Issued: 600,000 shares
Sum: Yen 30 million
Major shareholders (%)
Tobe Shoji KK*(78), Akira Tobe (22)
No. of shareholders: 8
* Recycling business of bottles/cans/PET bottles, other, Tokyo, founded 1893 by Sobei Tobe, capital Yen 5 million, turnover Yen 1,530 million, employees 125, pres Noboru Tobe (ch at the subject firm)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales soybeans (65%), milk cow feeds, feed additives (25%), edible oil/bean curds mfg/processing machines, others (10%).
Clients
[Agricultural coops, federations, wholesalers] Michinoku Adachi JA, Fukushima Mino Soysource Coop, Niigata Kenbei Inc, Akita Miso Soysource Kogyo Coop, J-Oilmills, Coop Foods, JA Tohno, MG Shoji (Trading), other.
No. of accounts
800
Domestic areas of activities
Centered in northern Japan, including Tokyo
Suppliers
[Mfrs, coops, wholesalers] Taiyo Bussan KK (32%), J-Oilmills (18%), Zen-Noh,
Mercian Corp, Fuji Nohsan Co, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Marunouchi)
SMBC (Ningyocho)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual
Sales |
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2,100 |
2,005 |
1,990 |
2,195 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
2 |
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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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122 |
121 |
120 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
4.74 |
0.75 |
-9.34 |
12.62 |
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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 |
0.05 |
0.05 |
0.05 |
0.09 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/05/2008 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%)