MIRA
INFORM REPORT
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Report Date : |
06.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
WOOKLINK CO LTD |
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Registered Office : |
415 Teratsukahara Imizu City Toyama-Pref 934-0056 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
March 1955 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer , Importer of Wood, Timber as Building
Materials |
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 163.0 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
WOOKLINK CO LTD (THIS IS CORRECT SPELLING)
REGD NAME: Woodlink KK
MAIN OFFICE: 415 Teratsukahara
Imizu City Toyama-Pref 934-0056 JAPAN
Tel:
0766-84-4977 Fax: 0766-84-4482
* The given
address is its Tokyo Office
URL: http://www.wooklink.co.jp/
E-Mail address: info@wooklink.co.jp
ACTIVITIES
Mfg, import of wood, timber as building materials
BRANCHES
Tokyo, Takaoka, Kanazawa, Fukui
FACTORY(IES)
At the caption address (sawmill)
OFFICER(S)
Shozo Harano, ch
TETSUO HARANO, PRES
Yoshihiko Ishizaki, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,336 M
PAYMENTS REGULAR CAPITAL Yen 75 M
TREND STEADY WORTH Yen 1,628 M
STARTED 1955 EMPLOYES 134
COMMENT
MFR OF BUILDING MATERIALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 163.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Shozo Harano in order to make most of his experience in the subject line of business. This is a sawmill mfg & processing precut timber, building materials, such as flooring, ceiling, walling, etc. Imports laminated wood, precut timbers, etc. Also import wood from Russia and cut them into building materials at the own yard. Clients include major home builders, building materials mfrs, other.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 5,336 million, a 13% up from Yen 4,716 million in the previous term. The hike in wood materials contributed to the sales growth. The recurring profit was posted at Yen 289 million and the net profit at Yen 157 million, respectively, compared with Yen 236 million recurring profit and Yen 135 million net profit, respectively, a year ago.
For the current term ending Mar 2008 the net profit is projected at Yen 290 million and the net profit at Yen 160 million, respectively, on a 5% rise in turnover, to Yen 5,600 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 163.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1955
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 600,000 shares
Issued: 150,000 shares
Sum: Yen 75 million
Major shareholders (%)
Shozo Harano (40), Nagoya Small & Medium Business Investment & Consultation (28), Tetsuo Harano (19), Directors’ S/Holding Assn (6), Employees’ S/Holding Assn (4)
No. of shareholders: 6
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, processes and wholesales precut timber,
laminated wood, flooring, walling, ceiling
materials, other building materials (--70%); imports wood from Russia and cuts,
proc- esses,
makes them into building materials (--30%).
Clients
[House builders, timber traders] Sumitomo Forestry, Nippon Paper Lumber, Yamanishi Co, Ars Home, Advanced Housing Research Corp, other.
No. of accounts
500
Domestic areas of activities
Centered in Toyama-Pref and vicinities
Suppliers
[Mfrs, wholesalers] Sumitomo Forestry, Nice Corp, Nippon Paper Lumber, Meiken Lamwood Corp, Toyamako Hokuyoozai Corp Assn, other.
Payment record
Regular
Location
Business area in Toyama. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Hokkoku Bank (Takaoka)
Hokuriku Bank (Takaoka-Hirokoji)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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5,600 |
5,336 |
4,716 |
4,566 |
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Recur.
Profit |
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290 |
289 |
236 |
213 |
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Net
Profit |
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160 |
157 |
135 |
105 |
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Total
Assets |
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3,761 |
3,278 |
3,254 |
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Current
Assets |
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1,858 |
1,474 |
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Current
Liabs |
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1,672 |
1,182 |
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Net
Worth |
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1,628 |
1,490 |
1,372 |
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Capital,
Paid-Up |
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75 |
75 |
75 |
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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 |
4.95 |
13.15 |
3.29 |
7.21 |
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Current Ratio |
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.. |
111.12 |
124.70 |
.. |
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N.Worth Ratio |
.. |
43.29 |
45.45 |
42.16 |
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R.Profit/Sales |
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5.18 |
5.42 |
5.00 |
4.66 |
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N.Profit/Sales |
2.86 |
2.94 |
2.86 |
2.30 |
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Return On Equity |
.. |
9.64 |
9.06 |
7.65 |
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Notes: 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%)