MIRA
INFORM REPORT
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Report Date : |
16.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GUNEI KASEI CO LTD |
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Registered Office : |
#210, 2-39-23 Sanno Ohtaku Tokyo 143-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2007 |
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Date of Incorporation : |
February 1966 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Asset/Fund Management Advisor |
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 1 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
GUNEI KASEI CO LTD
REGD NAME: Gun’ei Kasei KK
MAIN OFFICE: #210, 2-39-23 Sanno
Ohtaku Tokyo 143-0023 JAPAN
Tel:
03-3772-3093 Fax: 03-3772-3093
URL: N/A
ACTIVITIES
Asset/fund management advisor
BRANCHES
Nil
OFFICER(S)
TAKASHI YOSHIDA, PRES
Sakaki Yoshida, dir
Hiromi Fujikura, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 29 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 106 M
STARTED 1966 EMPLOYES 1
COMMENT
ASSET/FUND MANAGEMENT ADVISOR.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
PROPER BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Satoshi Yoshida, Takashi’s father, as a wholesaler of pharmaceuticals materials & intermediates. In June 1992, transferred the whole business rights to Kongo Yakuhin KK, a pharmaceuticals dealer, based in Toyama-Pref. Since then the firm has changed the business nature to asset/fund management advisor, utilizing the monies earned from the transfer. The operating funds are said between Yen 500 million to Yen 800 million, operating in HSBC (Hong Kong), UBS (Singapore), a Swiss bank, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The revenues for Oct/2007 fiscal term amounted to Yen 29 million, a 32% up from Yen 22 million in the previous term. Weaker Yen pushed the revenues in Yen terms, while profits decreased. The net profit was posted at Yen 1 million, down from Yen 2 million a year ago.
For the current term ending Oct 2008 the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen 30 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1966
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%)
Takashi Yoshida (80) and families
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Asset/fund management advisor (--100%).
Clients
Business firms, investors, other
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
Investors, financial institutions, other
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
HSBC (Tokyo)
SMBC (Gotanda)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/10/2008 |
31/10/2007 |
31/10/2006 |
31/10/2005 |
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Annual
Sales |
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30 |
29 |
22 |
20 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
2 |
2 |
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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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106 |
106 |
105 |
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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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50.00 |
125.00 |
100.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.45 |
31.82 |
10.00 |
17.65 |
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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 |
9.09 |
10.00 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/10/2008 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%)