MIRA
INFORM REPORT
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Report Date : |
16.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATAKA TRADING CO LTD |
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Registered Office : |
Daini Bldg 4F, 5-4 Nihombashi-Hakozakicho Chuoku Tokyo 103-0015 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
July 1980 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Coffee Beans, Pasture Grass, Animal
Feeds |
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 41.8 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
ATAKA TRADING CO LTD
REGD NAME: Ataka Tsusho KK
MAIN OFFICE: Arise Daini Bldg 4F,
5-4 Nihombashi-Hakozakicho Chuoku Tokyo 103-0015 JAPAN
Tel:
03-5640-1911 Fax: 03-56401915
URL: http://www.specailty.coffee.jp/
E-Mail address: info@specialty.coffee.jp
ACTIVITIES
Import, wholesale of coffee beans, pasture grass, animal
feeds
BRANCHES
Nil
OFFICER(S)
MAMORU ARAKI, PRES
Takao Kaise, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,079 M
PAYMENTS REGULAR CAPITAL Yen 70 M
TREND STEADY WORTH Yen 494 M
STARTED 1980 EMPLOYES 7
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN COFFEE BEANS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 41.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a trading firm specializing in import and wholesale of coffee beans in the main, also handles pasture grass and animal feeds. Coffee beans are imported from all over the world of coffee producing countries. Active in advancing into China where coffee roasting factory operated from Oct 2006. Clients are coffee makers, coffee shops, restaurants, other, nation- wide.
FINANCIAL INFORMATION
The sales volume for May/2007 fiscal term amounted to Yen 3,079 million, a 13% up from Yen 2,736 million in the previous term. Imports and exports expanded. The recurring profit was posted at Yen 101 million and the net profit at Yen 51 million, respectively, compared with Yen 86 million recurring profit and Yen 47 million net profit, respectively, a year ago.
For the current term ending May 2008 the recurring profit is projected at Yen 100 million and the net profit at Yen 50 million, respectively, on a 4% rise in turnover, to Yen 3,200 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 41.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul 1980
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 560,000 shares
Issued: 140,000 shares
Sum: Yen 70 million
Major shareholders (%)
Toyohashi Feed Mills Co (42.8), Mamoru Araki (31.5), Takao Kaise (18.5), Kazuo Kanetsuru (7.2)
No. of shareholders: 4
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales coffee beans, pasture grass, animal feeds, others (--100%).
Clients
[Coffee shops, wholesalers] Toyohashi Feed Mills (13%), Key Coffee, UCC
Ueshima Coffee, Volcafe, Kataoka Bussan, other.
No. of accounts
800
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Cornel Trading, ACX Trading, Jamaica Coffee, REA Asai Inc, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Shintomicho)
SMBC (Kanda-Ekimae)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/05/2008 |
31/05/2007 |
31/05/2006 |
31/05/2005 |
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Annual
Sales |
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3,200 |
3,079 |
2,736 |
2,416 |
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Recur.
Profit |
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100 |
101 |
86 |
49 |
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Net
Profit |
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50 |
51 |
47 |
33 |
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Total
Assets |
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2,951 |
2,634 |
2,023 |
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Current
Assets |
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2,672 |
2,407 |
1,825 |
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Current
Liabs |
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1,840 |
1,404 |
798 |
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Net
Worth |
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494 |
454 |
413 |
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Capital,
Paid-Up |
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70 |
70 |
70 |
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Div.P.Share(¥) |
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50.00 |
50.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.93 |
12.54 |
13.25 |
-0.70 |
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Current Ratio |
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.. |
145.22 |
171.44 |
228.70 |
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N.Worth Ratio |
.. |
16.74 |
17.24 |
20.42 |
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R.Profit/Sales |
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3.13 |
3.28 |
3.14 |
2.03 |
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N.Profit/Sales |
1.56 |
1.66 |
1.72 |
1.37 |
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Return On Equity |
.. |
10.32 |
10.35 |
7.99 |
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Notes: 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%)