MIRA
INFORM REPORT
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Report Date : |
03.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
SANKYO TRADING CO LTD |
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Registered Office : |
3-26-1 Minato Kanazawa Ishikawa-Pref 920-0211 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2007 |
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Date of Incorporation : |
February 2003 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Exporter, Wholesaler of Used Construction Machinery and
Equipment |
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 9.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
SANKYO TRADING CO LTD
REGD NAME: KK Sankyo Kikai
MAIN OFFICE: 3-26-1 Minato
Kanazawa Ishikawa-Pref 920-0211 JAPAN
Tel:
076-237-7969 Fax: 076-237-7197
* The given address is Yoshinobu Matto’s home address at:
490 Mikawa-hama-machi Hakusan City Ishikawa-Pref
URL: http://www.sankyotrd.com/
E-Mail address: info@sankyotrd.com
ACTIVITIES
Export, wholesale of used construction machinery &
equipment
BRANCHES
Nil
OFFICER(S)
YOSHINOBU MATTO, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 604 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND UP WORTH Yen 13 M
STARTED 2003 EMPLOYES 2
COMMENT
TRADER OF USED CONSTRUCTION MACHINES & EQUIPMENT.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 9.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshinobu Matto in order to make most of his experience in the subject line of business. This is a one-man operated trading firm specializing in exporting used construction machinery & equipment: excavators, bulldozers, wheel loaders, other. Exports are handled by general trading houses. Main destination now is China where construc- tion is active, using imported goods from Japan.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jan/2007 fiscal term amounted to Yen 604 million, a 26% sharp rise from Yen 481 million in the previous term. Exports were robust into China mainly. The net profit was posted at Yen 5 million, up from Yen 2 million a year ago.
For the term just ended Jan 2008 the net profit was projected and believed posted at Yen 6 million, on an 8% rise in turnover, to Yen 650 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 9.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 2003
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400
shares
Issued: 100
shares
Sum: Yen
5 million
Major shareholders (%)
Yoshinobu Matto (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Exports and wholesales used construction
machinery & equipment (--100%).
(Handling
Items):
Construction Machinery: Excavators, mini excavators, bulldozers, wheel loaders, rollers & graders, forklift;
Motor Vehicles: wrecking cars, crane trucks, fire engines, concrete mixer trucks;
Parts & Accessories: for motor vehicles, bicycles & other cycles.
Clients
[Mfrs, wholesalers] Yuasa Corp, Sumitomo Corp, Komatsu Doboku Tsusho,
Komatsu Ltd, other.
No. of accounts
300
Domestic areas of activities
Centered in Ishikawa-Pref
Suppliers
[Mfrs, wholesalers] Komatsu Doboku Tsusho, Komatsu Ltd, Hokuriku Kenzai, Kobelco Construction Machinery, TNC Trader, other.
Payment record
Regular
Location
Business
area in Kanazawa City. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
Hokkoku Bank (Mikawa)
Hokuriku Bank (Mikawa)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/01/2008 |
31/01/2007 |
31/01/2006 |
31/01/2005 |
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Annual
Sales |
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650 |
604 |
481 |
187 |
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Recur.
Profit |
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Net
Profit |
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6 |
5 |
2 |
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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13 |
8 |
6 |
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Capital,
Paid-Up |
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5 |
5 |
5 |
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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 |
7.62 |
25.57 |
157.22 |
24.67 |
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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 |
0.92 |
0.83 |
0.42 |
0.53 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/01/2008 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%)