MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAJI TECH CO LTD |
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Registered Office : |
Nagahori Plaza Bldg 8F, 2-4-8 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Financials (as on) : |
30/06/2007 |
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Date of Incorporation : |
Jul 1941 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of
accessories for clothing, shoes & bags |
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 7.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
KAJI TECH CO LTD
REGD NAME
KK Kaji Tech
MAIN OFFICE
Nagahori Plaza Bldg 8F, 2-4-8 Minamisemba Chuoku Osaka 542-0081 JAPAN
Tel: 06-6261-1951
Fax: 06-6261-1950
URL: http://www.e-kajikura.co.jp/
E-Mail address: export@e-kajikura.co.jp
ACTIVITIES
Import, export, wholesale of accessories for clothing, shoes
& bags
BRANCHES
Tokyo
FACTORY(IES)
Shanghai (subcontracted)
OFFICER(S)
TOYOKAZU KAJIURA, PRS Noboru
Kajiura, mgn dir
Takaharu Ogata, dir Akira
Tanaka, dir
Mitsuru Kajiura, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,518 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND STEADY WORTH Yen 64 M
STARTED 1941 EMPLOYES 36
COMMENT
TRADING FIRM SPECIALIZING IN
FASTENERS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 7.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1922 for selling fasteners, buttons & other clothing accessories and was reorganized in 1941. The firm has been succeeded by founder’s descendants. This is a trading firm for import, export and wholesale of accessories for clothing, shoes & bags. Has mfg subsidiary in Shanghai. Plastic snap fasteners for baby/infant wear are the mainstay items. Goods are shipped to major apparel and sports wear makers nationwide.
FINANCIAL INFORMATION
The sales volume for Jun/2007 fiscal term amounted to Yen 1,518 million, a 9% up from Yen 1,387 million in the previous term. Plastic snap fasteners were in rising demand both at home and abroad. The recurring profit was posted at Yen 6 million and the net profit at Yen 2 million, respectively, compared with Yen 11 million recurring profit and Yen 1 million net profit, respectively, a year ago.
For the current term ending Jun 2008 the net profit is projected at Yen 2 million, on a 5% rise in turnover, to Yen 1,600 million. Plastic snap fasteners continue in good demand.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max credit limit is estimated at Yen 7.2
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul
1941
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 60,000 shares
Sum: Yen
30 million
Major shareholders (%)
Toyokazu Kajiura & families
(--100%)
No. of shareholders
7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports, exports and wholesales accessories for
clothing, shoes & bags making (--100%).
(Handling
Items):
Plastic snap fasteners (for
baby/infant wear), snap fasteners, tape snaps, fastening machines; Shoe eyelets,
eyelet rings, tabular rivets:Buckles for shoes & bags, other.
Clients
[Apparel mfrs, sports wear
makers] Asahi Corporation, Mizuno Corp, Moon Star, Asics Corp, Achilles Corp,
Aishin Shoji, Lihit Lab Inc, other
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Takeda
Seiki, Matsui Shikiso Chemical, Hashimoto Kinzoku Kogyo, Fuji Chemical,
Mizutani Kinzoku Kogyo, other.
Imports from China, other.
Payment record
Regular
Location
Business
area in Osaka. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Midosuji)
MUFG (Kawaramachi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
30/06/2008 |
30/06/2007 |
30/06/2006 |
30/06/2005 |
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Annual
Sales |
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1,600 |
1,518 |
1,387 |
1,300 |
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Recur.
Profit |
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6 |
11 |
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Net
Profit |
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2 |
2 |
1 |
10 |
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Total
Assets |
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842 |
823 |
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Current
Assets |
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584 |
597 |
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Current
Liabs |
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516 |
532 |
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Net
Worth |
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64 |
62 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
5.40 |
9.44 |
6.69 |
4.00 |
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Current Ratio |
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.. |
113.18 |
112.22 |
.. |
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N.Worth Ratio |
.. |
7.60 |
7.53 |
.. |
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R.Profit/Sales |
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.. |
0.40 |
0.79 |
.. |
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N.Profit/Sales |
0.13 |
0.13 |
0.07 |
0.77 |
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Return On Equity |
.. |
3.13 |
1.61 |
.. |
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Notes: 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%)