MIRA
INFORM REPORT
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Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOYAMA KAIGAI BOEKI SHIPPING CO LTD |
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Registered Office : |
3034-5 Takagi Toyama 930-0106 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
April 2000 |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Export of Used Cars |
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 45.6 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
TOYAMA KAIGAI BOEKI SHIPPING CO LTD
REGD NAME: YK Toyama Kaigai Boeki
(Kaigai means overseas & Boeki is trading)
MAIN OFFICE: 3034-5 Takagi Toyama
930-0106 JAPAN
Tel:
076-434-9999 Fax: 076-434-9911
URL: N/A
ACTIVITIES
Export of used cars
BRANCHES
Toyama (Warehouse)
OFFICER(S)
T CONSTANTIN, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,500 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen 27 M
STARTED 2000 EMPLOYES 7
COMMENT
EXPORTER OF USED CARS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 45.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a division separated from Nagasawa Jidosha KK (Jidosha means motorcars) in order to engage in exporting used cars. Specialized trader of exporting used cars, using Internet auction channel. Main destination is Russia, where exports expanded sharply expanded from 2003.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 2,500 million, a similar amount in the previous term. The net profit was posted at Yen 10 million, similarly in the last year.
For the term that ended Mar 2008 the net profit was projected at Yen 10 million, on a 4% rise in turnover, to Yen 2,600 million. Rising costs of used cars ate into profits.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 45.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 2000
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: 3 million
Major shareholders (%)
T Constantin (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Exports used cars (100%)
Clients
[Mfrs, wholesalers] Exports to Russia mainly.
Domestically, Doctor Car, Original Co, other
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Supplied from Internet auction markets
Payment record
Regular
Location
Business area in Toyama. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Toyama Bank (Okuda)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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2,600 |
2,500 |
2,500 |
1,300 |
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Recur.
Profit |
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Net
Profit |
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10 |
10 |
10 |
5 |
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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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27 |
17 |
7 |
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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 |
4.00 |
0.00 |
92.31 |
160.00 |
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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 |
0.38 |
0.40 |
0.40 |
0.38 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2008 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%)