MIRA
INFORM REPORT
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Report Date : |
18.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
J C SUZUKI CORPORATION |
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Registered Office : |
625-1 Koizumi Fujinomiya City Shizuoka-Pref 418-0022 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
July 1987 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of work clothes, gloves, cold weather
clothes, hosiery |
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 48.9 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
J C SUZUKI CORPORATION
REGD NAME: KK J C Suzuki
MAIN OFFICE: 625-1 Koizumi
Fujinomiya City Shizuoka-Pref 418-0022 JAPAN
Tel:
0544-26-0050 Fax: 0544-26-8718
URL: N/A
ACTIVITIES
Import, wholesale of work clothes, gloves, cold weather
clothes, hosiery
BRANCHES
Kawasaki
FACTORY(IES)
(subcontracted overseas)
OFFICER(S)
TAKAMASA SUZUKI, PRES
Katsumasa Suzuki, s/mgn dir
Shojiro Suzuki, mgn dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,770 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen 140 M
STARTED 1987 EMPLOYES 9
COMMENT
IMPORTER AND WHOLESALER OF WORK CLOTHES, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 48.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Takamasa Suzuki in order to make most of his experience in the subject line of business. This is a family-based trading firm specializing in import and wholesale of work clothes, cold weather outfits, gloves, hosiery, other for supply to factories. Goods are imported from subcontracted factories in China, Taiwan, Korea, Indonesia, other. Goods are wholly shipped to a subsidiary wholesaler, Suzuki Sangyo Co Ltd, for distribution nationwide.
FINANCIAL INFORMATION
The sales volume for Jun/2007 fiscal term amounted to Yen 1,770 million, a slight down from Yen 1,780 million in the previous term. This is referred to competition among the trade over prices. The net profit was posted at Yen 11 million, down from Yen 12 million a year ago.
For the current term ending Jun 2008 the net profit is projected at Yen 12 million, on a 1% rise in turnover, to Yen 1,800 million. Competition continues severer. Whether this projection will be achieved is not certain.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 48.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul 1987
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%)
Takamasa Suzuki (40), and families (--60)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales work clothes, cloves, cold weather outfits, hosiery, other goods for factories (--100%).
Goods are imported from China, Taiwan, Korea, Indonesia, other
and shipped to a subsidiary wholesaler, Suzuki Sangyo Co Ltd, for distribution
nationwide.
Clients
[Wholesaler] Suzuki
Sangyo Co Ltd
No. of accounts
1
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Imports from
Taiwan, Korea, China, Indonesia, other.
Payment record
Regular
Location
Business
area in Fujinomiya City, Shizuoka-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
MUFG (Numazu)
SMBC (Shizuoka)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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2,800 |
2,770 |
2,780 |
2,800 |
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Recur.
Profit |
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Net
Profit |
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12 |
11 |
12 |
14 |
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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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140 |
129 |
117 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
1.08 |
-0.36 |
-0.71 |
-0.71 |
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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 |
0.43 |
0.40 |
0.43 |
0.50 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2008 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%)