MIRA
INFORM REPORT
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Report Date : |
16.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
YAMAMOTO CORPORATION |
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Registered Office : |
66-2 Kamihinashi Kameoka City Kyoto-Pref 621-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2007 |
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Date of Incorporation : |
December 1952 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer, Import, Wholesale of Chicken, Chicken
Processing Equipment |
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 16.4 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
YAMAMOTO CORPORATION
REGD NAME: KK Yamamoto
MAIN OFFICE: 66-2 Kamihinashi
Kameoka City Kyoto-Pref 621-0005 JAPAN
Tel:
0771-25-1451 Fax: 0771-25-1453
URL: http://www.yamamoto-corp.jp/
E-Mail address: info@yamamoto-corp.jp
ACTIVITIES
Mfg, import, wholesale of chicken, chicken processing
equipment
BRANCHES
Nil
FACTORY(IES)
At the caption address, Kyoto (2), Hyogo
OFFICER(S)
JUN’ICHI YAMAMOTO, PRES
Mitsuo Yamamoto, s/mgn dir
Yoshinori Yamamoto, dir
Mineko Yamamoto, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,710 M
PAYMENTS REGULAR CAPITAL Yen 95 M
TREND STEADY WORTH Yen 109 M
STARTED 1952 EMPLOYES 23
COMMENT
MFG OF CHICKEN MEAT & CHICKEN PROCESSING EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 16.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Toyoshi Yamamoto in order to make most of his experience in the subject line of business. This is a processor of chicken meat, prepared/processed, and importer of chicken processing equipment. Import agent for French & US mfrs. Clients are meat processors, wholesalers, other.
FINANCIAL INFORMATION
The sales volume for Jan/2008 fiscal term amounted to Yen 1,710 million, a slight rise from Yen 1,700 million in the previous term. The net profit was posted at Yen 8 million, up from Yen 5 million a year ago.
For the current term ending Jan 2009 the net profit is projected at Yen 9 million, on a 2% rise in turnover, to Yen 1,750 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 16.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1952
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 6,400 shares
Issued: 1,900 shares
Sum: Yen 95 million
Major shareholders (%)
Jun’ichi Yamamoto, Mitsuo Yamamoto, Yoshinori Yamamoto, other (Breakdown unavailable)
No. of shareholders: 6
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Mfg of chicken meat, processed/prepared chicken, chicken processing equipment, others (--100%).
Clients
[Meat dealers, food stores, supermarkets] Abe Hanko Shoten, Nippon Chunky Co, Prifoods Co, Meijiya Sangyo, Kyoto Shokuhin, other
No. of accounts
300
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Nippon Formula Feed Mfg. Marubeni Nisshin Feed, Chuo
Shokkei, other.
Imports as agent from Hubbard (France), Cumberland, Hired Land (--USA), other.
Payment record
Regular
Location
Business area in Kameoka City, Kyoto-Pref. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Saiin)
Bank of Kyoto (Kijikonotsuji)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/01/2008 |
31/01/2007 |
31/01/2006 |
30/11/2005 |
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Annual
Sales |
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1,710 |
1,700 |
250 |
1,625 |
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Recur.
Profit |
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5 |
7 |
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Net
Profit |
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8 |
5 |
6 |
-14 |
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Total
Assets |
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901 |
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Current
Assets |
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708 |
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Current
Liabs |
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608 |
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Net
Worth |
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109 |
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Capital,
Paid-Up |
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95 |
95 |
95 |
95 |
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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 |
0.59 |
13.33 |
-7.69 |
6.00 |
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Current Ratio |
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.. |
116.45 |
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.. |
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N.Worth Ratio |
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12.10 |
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.. |
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R.Profit/Sales |
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0.29 |
2.80 |
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N.Profit/Sales |
0.47 |
0.29 |
2.40 |
-0.86 |
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Return On Equity |
.. |
4.59 |
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.. |
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Notes: Forecast (or estimated) figures for the 31/01/2009
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%)