MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
H M AOYAGI LTD CO LTD |
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Registered Office : |
1-10-5 Hakomatsu Higashiku Fukuoka 812-0061 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2007 |
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Date of Incorporation : |
December 1991 |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Import, Wholesale of Cut Flowers |
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 1.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
H M AOYAGI LTD CO LTD
REGD NAME: YK H M Aoyagi
MAIN OFFICE: 1-10-5 Hakomatsu
Higashiku Fukuoka 812-0061 JAPAN
Tel:
092-621-3048 Fax: 092-621-3079
URL: N/A
ACTIVITIES
Import, wholesale of cut flowers
BRANCHES
Nil
OFFICER(S)
MASATOSHI AOYAGI, PRES
Chikako Aoyagi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 95 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen 15 M
STARTED 1991 EMPLOYES 3
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CUT FLOWERS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 1.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Masatoshi Aoyagi in order to make most of his experience in the subject line of business. This is a family-based trader specializing in import & wholesale of cut flowers. Goods are imported from Taiwan, China and other S/E Asian markets. Supplied to local flower markets, florists, chain stores, etc.
FINANCIAL INFORMATION
Financial are only partially disclosed and in rounded off numbers.
The sales volume for Oct/2007 fiscal term amounted to Yen 95 million, a 3% down from Yen 98 million in the previous term. The net profit remained similar at Yen 1 million.
For the current term ending Oct 2008 the net profit is projected at Yen 1 million, on a on a 2% rise in turnover, to Yen 97 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1991
Legal Status: Private Limited Company (Yugen Gaisha)
Regd Capital: Yen 3 million
Major shareholders (%)
Masatoshi Aoyagi (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales cut flowers (100%).
Clients
[Flower markets, florists] Fukuoka-Pref Flower Distribution Center (Flower Market),
Hanano Chimoto, other
No. of accounts
100
Domestic areas of activities
Limited in Fukuoka-Pref
Suppliers
[Growers] Imports from Taiwan, China and other S/E Asian countries
Payment record
Regular
Location
Business area in Fukuoka. Office premises at the caption address are owned by M Aoyagi as his private residence and maintained satisfactorily.
Bank References
Nishi-Nippon Bank (Hakozaki)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/10/2008 |
31/10/2007 |
31/10/2006 |
31/10/2005 |
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Annual
Sales |
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97 |
95 |
98 |
92 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
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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15 |
14 |
13 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
2.11 |
-3.06 |
6.52 |
1.10 |
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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 |
1.03 |
1.05 |
1.02 |
1.09 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/10/2008 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%)