MIRA
INFORM REPORT
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Report Date : |
14.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASAKAWA MOKUZAI CO LTD |
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Registered Office : |
606-1 Ohshimojo Kai City Yamanashi-Pref 400-0126 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
Octobers 1952 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Process of 2x4 Home Units, Precut Timber |
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 6.6 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
ASAKAWA MOKUZAI CO LTD
REGD NAME: Asakawa Mokuzai KK
MAIN OFFICE: 606-1 Ohshimojo Kai
City Yamanashi-Pref 400-0126 JAPAN
Tel :
055-277-5551
Fax :
055-277-5528
E-Mail address: info@asamoku.com
ACTIVITIES
Import, process of 2x4 home units, precut timber
BRANCHES
Nil
FACTORY(IES)
At the caption address
OFFICER(S)
MAKOTO ASAKAWA, PRES
Yoshiko Asakawa, dir
Shosuke Yamamoto, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 360 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 87 M
STARTED 1952 EMPLOYES 9
COMMENT
IMPORTER AND PROCESSOR OF 2X4 HOME UNITS & MEMBERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 6.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by father of Makoto Asakawa in order to make most of his previous experience in the subject line of business. This is importer of 2x4 home units & members with mfg division for processing home units & precut timber for home building. Goods are imported
from USA, other. Clients are home builders, construction firms, other.
FINANCIAL INFORMATION
The sales volume for Sept/2007 fiscal term amounted to Yen 360 million, a 7% up from Yen 335 million in the previous term. Imports increased, also weaker Yen helped to raise sales amounts in Yen terms. The net profit was posted at 3 million, up from Yen 2 million a year ago.
For the current term ending Sept 2008 the net profit is projected at Yen 3 million, on a 3% rise in turnover, to Yen 370 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 6.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1952
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%)
Makoto Asakawa (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and processes 2x4 home units and housing members, including precut timber, others (--100%)
Materials woods are: white spruce, lodge pole pine, alpine fir, yellow cedar, Douglas fir, western red cedar, western hemlock, amabllis fir, other.
Clients
Home builders, construction companies. Other.
No. of accounts
500
Domestic areas of activities
Centered in Yamanashi-Pref & vicinities
Suppliers
[Mfrs, wholesalers] Itochu Building Materials, Japan Building Materials, Canfor Forest Products, Nice Corp, Marumasu Plywood Trading, other.
Payment record
Regular
Location
Business area in Kai City, Yamanashi-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Yamanashi Chuo Bank (Kofu-Ekimae)
Mizuho Bank (Kofu)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
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Annual
Sales |
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370 |
360 |
335 |
316 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
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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87 |
84 |
82 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.78 |
7.46 |
6.01 |
-9.20 |
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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 |
0.81 |
0.83 |
0.60 |
0.32 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2008 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%)