MIRA
INFORM REPORT
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Report Date : |
28.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABURAMASA SHOTEN GK |
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Registered Office : |
13-4 Hananocho Shimonoseki City Yamaguchi-Pref 750-0014 |
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Country : |
Japan |
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Financials (as on) : |
31/07/2007 |
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Date of Incorporation : |
Aug 1920 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Import, wholesale of fishes, fishery products |
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 17.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
ABURAMASA SHOTEN, GK
REGD NAME
GK Aburamasa Shoten
MAIN OFFICE
13-4 Hananocho Shimonoseki City Yamaguchi-Pref 750-0014 JAPAN
Tel: 0832-31-1230
Fax: 0832-22-0435
URL:N/A
ACTIVITIES
Import, wholesale of fishes, fishery products
BRANCHES
Nil
OFFICER(S)
TAKAMI YAMANE, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,502 M
PAYMENTS REGULAR CAPITAL Yen 2 M
TREND STEADY WORTH Yen 60 M
STARTED 1920 EMPLOYES 9
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN FISH & FISHERY PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGE-MENTS:
US$100,000 / O/A 30 DAYS.
MAX CREDIT LIMIT
YEN 17.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
This is an old-established company dating back to 1830 when local entrepreneurs started the firm for selling fishes. Incorporated in 1920 the firm has been succeeded by the present executives. This is a limited partnership company, specializing in import and wholesale of fishes & fishery products. Goods are imported from Thailand, Korea, Vietnam, etc and shipped to the fishery markets.
FINANCIAL INFORMATION
The sales volume for Jun/2007 fiscal term amounted to Yen 1,502 million, a 22% up from Yen 1,232 million in the previous term. Shrimp and prawn imports expanded. The net profit was posted at Yen 6 million, up from Yen 2 million a year ago. The firm does not release full financial for this term.
For the current term ending Jun 2008 the net profit is projected at Yen 5 million, on a similar turnover, at Yen 1,500 million.
The financial situation is considered maintained FAIR and good for ORDINARY business en-gagements. Max credit limit is estimated at Yen 17.5 million, on 30 days normal terms. The proposed amount is considered within the firm’s financial capabilities.
REGISTRATION
Date Registered: Aug
1920
Legal Status: Limited
Partnership (Gomei Kaisha)
Sum: Yen
2 million
Major shareholders (%)
Tomiko Miyoshi (28.5), Takami Yamane (20.8), Ryoichi Tsuda
(20.8), Hiroshi Miyoshi (20.7), Heizo Tsuda (9)
No. of shareholders
5
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales frozen
fish, shrimp, shell fish (45%), dried cuttlefish (25%), seaweed (10%), dried/salted
fishes, others (20%).
Goods are imported from Korea, Thailand, Vietnam, other.
Clients
[Fishery markets, fishery stores,
wholesalers] Mitsubishi Corp, Daimaru Kogyo, Takashima Shoji, Marutaka, Tohto
Suisan, other.
No. of accounts
500
Domestic areas of activities
Centered in Yamaguchi & vicinity
prefectures.
Suppliers
[Mfrs, wholesalers] Imports from Thailand,
Vietnam, Korea, other. Domestically supplied from Shinko Gyorui, Daisui,
Uoichi, other.
Payment record
Regular
Location
Business area in
Shimonoseki City, Yamaguchi-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
Yamaguchi Bank (H/O)
Nishi Chugoku Shinkin Bank (H/O)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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1,502 |
1,232 |
1,314 |
983 |
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Recur.
Profit |
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3 |
-2 |
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Net
Profit |
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6 |
2 |
-2 |
-43 |
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Total
Assets |
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407 |
431 |
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Current
Assets |
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351 |
375 |
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Current
Liabs |
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239 |
275 |
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Net
Worth |
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60 |
57 |
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Capital,
Paid-Up |
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2 |
2 |
2 |
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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 |
21.92 |
-6.24 |
33.67 |
-39.43 |
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Current Ratio |
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.. |
146.86 |
136.36 |
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N.Worth Ratio |
.. |
14.74 |
13.23 |
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R.Profit/Sales |
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.. |
0.24 |
-0.15 |
.. |
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N.Profit/Sales |
0.40 |
0.16 |
-0.15 |
-4.37 |
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Return On Equity |
.. |
3.33 |
-3.51 |
.. |
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Notes: Financials are only partially disclosed for the 31/07/2007 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%)