MIRA
INFORM REPORT
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Report Date : |
13.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
SGUBTSY CO LTD |
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Registered Office : |
7-13-15 Ginza Chuoku Tokyo 104-0061 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2007 |
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Date of Incorporation : |
June 1969 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Ad Agency |
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 9.6 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
SGUBTSY CO LTD
REGD NAME: KK Shintsu
MAIN OFFICE: 7-13-15 Ginza Chuoku
Tokyo 104-0061JAPAN
Tel :
033542-1682
URL: N/A
ACTIVITIES
Ad agency
BRANCHES
Nil
OFFICER(S)
SOICHIRO HIGUCHI, PRES
Kikuo Higuchi, dir
Manabu Higuchi, dir
Yasuhiro Fukai, dir
Kohei Nishida, dir
Takeshi Yoshimura, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 530 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 162 M
STARTED 1969 EMPLOYES 30
COMMENT
AD AGENCY.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 9.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Soichiro Higuchi in
order to make most of his experience in the subject line of business. This is an ad agency subcontracted from
Hankyu Express, travel agency, Osaka.
Originally started in Osaka and moved the headquarters to Tokyo at the
captioned address.
FINANCIAL INFORMATION
The sales volume for Oct/2007 fiscal term amounted to Yen
530 million, a 10% down from Yen 588 million in the previous term. Travel business was slow. The net profit was posted at Yen 10 million,
compared with Yen 12 million a year ago.
For
the current term ending ct 2008 the net profit is projected at Yen 11 million,
on a 4% ruse in turnover, to Yen 550 million.
The financial situation is considered RATHER SLOW but should
be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 9.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1969
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders (%)
Soichiro Higuchi (100)
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Ad agency (100%).
Clients
[Travel agency] Hankyu Express
No. of accounts
1
Domestic areas of activities
Nationwide
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Tsukiji)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/10/2008 |
31/10/2007 |
31/10/2006 |
31/10/2005 |
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Annual
Sales |
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550 |
530 |
588 |
410 |
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Recur.
Profit |
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Net
Profit |
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11 |
10 |
12 |
8 |
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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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162 |
152 |
140 |
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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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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.77 |
-9.86 |
43.41 |
-8.89 |
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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 |
2.00 |
1.89 |
2.04 |
1.95 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/10/2008 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%)