MIRA
INFORM REPORT
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Report Date : |
14.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
YAMAMOTO TRADING CO LTD |
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Registered Office : |
1-14-1 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
December 1953 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Pigments, Other Industrial Chemicals |
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 96.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
YAMAMOTO TRADING CO LTD
REGD NAME: Yamamoto Tsusan KK
MAIN OFFICE: 1-14-1 Minamisemba
Chuoku Osaka 542-0081 JAPAN
Tel :
06-6252-2131
Fax :
06-6261-3758
E-Mail address: infomail@ytc-j.co.jp
ACTIVITIES
Import, wholesale of pigments, other industrial chemicals
BRANCHES
Tokyo, Nagoya
OVERSEAS
Thailand, Korea
FACTORY(IES)
(subcontracted)
OFFICER(S)
Yozo Yamamoto, ch
YOSHINOSUKE ISHIKAWA, PRES
Hironori Yagi, mgn dir
Shinji Shirako, mgn dir
Goro Sasaki, dir
Koji Ono, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 17,614 M
PAYMENTS REGULAR CAPITAL Yen 96 M
TREND STEADY WORTH Yen 825 M
STARTED 1953 EMPLOYES 80
COMMENT
IMPORTER AND WHOLESALER OF PIGMENTS, AND INDUSTRIAL CHEMICALS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 96.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by originally in 1918 Sakuzo Yamamoto for selling dye-stuffs for textile industry on conclusion of special agent contract with Hoechst Japan Ltd, on his account. Incorporated in1953, the firm has been succeeded by the present executives. Imports and wholesales pigments for paints, plastics, printing inks, other. Acts import agent for USA and European makers. Clients are major ink mfrs, chemical mfrs, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Dec/2006 fiscal term amounted to Yen 17,614 million, a 6% up from Yen 16,625 million in the previous term. Hike in materials prices helped. The recurring profit was posted at Yen 306 million and the net profit at Yen 106 million, respectively, compared with Yen 252 million recurring profit and Yen 97 million net profit, respectively, a year ago.
For the term that ended Dec 2007 the recurring profit was projected at Yen 310 million and the net profit at Yen 110 million, respectively, on a 5% rise in turnover, to Yen 18,500 million. Pigments for printing industry rose.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 96.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1953
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 7,680 shares
Issued: 1,920 shares
Sum: Yen 96 million
Major shareholders (%)
Employees’ S/Holding Assn (30), Kichinosuke Ishikawa (10), Senka KK (10), Yozo Yamamoto (9), Masayo Yamamoto (8)
No. of shareholders: 45
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales pigments and other
industrial chemicals (--100%).
Structure of markets in sales: paints (45%), plastics (17%), printing inks (15%), CF, OA electrics (12%), bio, personal care, surfactant, etc (11%).
Structure of Products in sales: organic pigments (28%), inorganic pigments (28%), additives & biosides (25%) resins (5%), precision instruments (5%), others (9%).
Clients
[Paint & ink mfrs] Kansai Paint, Dainippon Ink &
Chemicals, Nippon Paint, Japan
Pigment, Toyo Ink Mfg, Brother
Ind, other.
No. of accounts
1,000
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Imports as agent for Clariant AG, Chiba Inc, Mittler Toledo AG (--Switz), BASF Ag, Lanxess Ag, Merck KGaA, Evonic Degussa Ag Wacker Chemie GmbH, Cognis Deucheland GmbH (--Germany), Elementis Plc, Lubrizol Corp, Archi Chemical Inc, Air Products & Chemicals Inc (--USA), Sterling Colour (UK), Dromont Srl (Italy), other.
Payment record
Regular
Location
Business
area in Osaka. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
MUFG (Semba-Chuo)
Mizuho Bank (Minami-Semba)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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18,500 |
17,614 |
16,625 |
15,531 |
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Recur.
Profit |
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310 |
306 |
252 |
168 |
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Net
Profit |
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110 |
106 |
97 |
45 |
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Total
Assets |
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9,261 |
8,680 |
9,697 |
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Current
Assets |
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7,187 |
6,608 |
7,577 |
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Current
Liabs |
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6,791 |
5,738 |
7,016 |
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Net
Worth |
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825 |
774 |
516 |
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Capital,
Paid-Up |
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96 |
74 |
74 |
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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 |
5.03 |
5.95 |
7.04 |
9.75 |
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Current Ratio |
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105.83 |
115.16 |
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N.Worth Ratio |
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8.91 |
8.92 |
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R.Profit/Sales |
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1.68 |
1.74 |
1.52 |
.. |
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N.Profit/Sales |
0.59 |
0.60 |
0.58 |
0.29 |
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Return On Equity |
.. |
12.85 |
12.53 |
.. |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2007 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%)