MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
PLUTUS SPORTS INC |
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Registered Office : |
3-11-11 Iwamotocho Chiyodaku Tokyo 101-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
August 1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of ice-hockey balls, other sports goods |
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 3.6 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
PLUTUS SPORTS INC
REGD NAME: KK Plutus Sports
MAIN OFFICE: 3-11-11 Iwamotocho
Chiyodaku Tokyo 101-0032JAPAN
Tel: 03-3861-0103 Fax:
03-3864-6257
URL: http://www.plutus.co.jp/
(of the parent)
E-Mail address: honsha@plutus.co.jp
ACTIVITIES
Import, wholesale of ice-hockey balls, other sports goods
BRANCHES
Shinjuku (Ice Hockey Pro Shop
OFFICER(S)
TOHRU SATOH, PRES
Keiko Satoh, dir
Hideo Satoh, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 203 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 67 M
STARTED 1991 EMPLOYES 5
COMMENT
IMPORTER OF ICE HOCKEY BALLS & GOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 3.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a trading division separated from Plutus Corporation, mfg of special steel plates, at the caption address. Tohru Satoh is concurrently pres at the parent. This is a trading firm specializing in import and wholesale of ice hockey balls and other sports goods. Goods are shipped to sports clubs, sports teams of universities and to sports goods stores. They are also retailed.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 203 million, a 3% down from Yen 210 million in the previous term. The net profit was posted at Yen 7 million, up from Yen 5 million net profit a year ago.
For the current term ending Mar 2008 the net profit is projected at Yen 7 million, on a 3% rise in turnover, to Yen 210 million. Business is seen steady with sales affected by foreign exchange rates fluctuations.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 1991
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
KK Satokei*(75), Plutus Corp**(12.5), Tohru Satoh (12.5)
No. of shareholders: 3
*.. Owner of the building at the caption address, wholly owned by Satoh family.
** Mfr of stainless steel & other specialty steel plates, founded 1944, capital Yen 60 million, turnover Yen 1,250 million, net profit Yen 46 million, employees 55, pres Tohru Satoh
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales ice hockey balls, other sports goods (--100%).
Clients
Sports clubs, universities, sports goods stores, consumers, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Fleming Gray, Eastern, Brine, STX, Bacharach, Vaughyn, Cranbarry, other.
Payment record
Regular
Location
Business area in
Tokyo. Office premises at the caption
address are owned by the group and maintained satisfactorily.
Bank References
Chiba Kogyo Bank (Tokyo)
Bank of Chiba (Akihabara)
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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210 |
203 |
210 |
209 |
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Recur.
Profit |
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Net
Profit |
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7 |
7 |
5 |
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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67 |
60 |
52 |
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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 |
3.45 |
-3.33 |
0.48 |
8.29 |
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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 |
3.33 |
3.45 |
2.38 |
3.83 |
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Notes: Financials are only partially disclosed.
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%)