MIRA
INFORM REPORT
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Report Date : |
08.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NADA BUSINESS CO LTD |
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Registered Office : |
924-3 Nakasho Izumisano City Osaka-Pref 598-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
March 1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale, retail of stationery, printers |
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 2.1 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
NADA BUSINESS CO LTD
REGD NAME: Nada Shoji KK
MAIN OFFICE: 924-3 Nakasho
Izumisano City Osaka-Pref 598-0002 JAPAN
Tel: 072-464-0483
Fax: 072-464-3536
URL: N/A
ACTIVITIES
Wholesale, retail of stationery, printers
BRANCHES
Nil
OFFICER(S)
HIROSHI SAKOTA, PRES
Toshihiro Sakota, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 110 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 59 M
STARTED 1972 EMPLOYES 4
COMMENT
WHOLESALER OF STATIONERY AND OFFICE EQUIPMENT.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSIENSS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 2.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hiroshi Sakota in order to make most of his experience in the subject line of business. This is a wholesaler specializing in stationery and business machines. Goods are also retailed. Goods are also imported thru trading firms. Clients include local municipal offices.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for May/2007 fiscal term amounted to Yen 110 million, a 10% up from Yen 100 million in the previous term. The net profit remained unchanged at Yen 1 million.
For the current term ending May 2008 the net profit is projected at Yen 1 million, on a 9% rise in turnover, to Yen 120 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 2.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1972
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%)
Hiroshi Sakota (70)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales and retails stationery, printers and other office equipment & machines (--100%).
Client
[Business firms, local governments] Sumitomo Electric Ind, Nuclear Fuel Ind, other.
No. of accounts
300
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Osaka Kokuyo, Canon Inc, Plus Corp, Matsushita Electric Inc, Panasonic, other.
Payment record
Regular
Location
Business area in Izumisano City, Osaka-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Sano)
MUFG (Izumisano)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual
Sales |
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120 |
110 |
100 |
112 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
1 |
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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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59 |
58 |
57 |
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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 |
9.09 |
10.00 |
-10.71 |
12.00 |
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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 |
0.83 |
0.91 |
1.00 |
0.89 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/05/2008 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%)