MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
KEN YU TRADING
INC |
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Registered Office : |
Kawara No.2 Bldg 306/307 F, 13-2 Kawara Hirakata Osaka-Pref 573-0028 |
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Country : |
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Financials (as on) : |
31.10.2008 |
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Date of Incorporation : |
November 2002 |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Import, Wholesale of Organic Raw Materials, Supplement Foods,
Natural Foods, Other |
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 21.0 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name & address
KEN YU TRADING INC
REGD NAME: Ken
Yu Koeki YK
MAIN OFFICE: Kawara
No.2 Bldg 306/307 F, 13-2 Kawara Hirakata Osaka-Pref 573-0028
Tel: 072-804-0050
Fax
URL: http://www.kenyu-trading.com/
E-Mail
address: katsukenyu888@yahoo.co.jp
ACTIVITIES
Import,
wholesale of organic raw materials, supplement foods, natural foods, other
BRANCHES
Nil
OFFICER(S)
KATSUNORI
ISHIZUMI, PRES
Toshimine
Tanaka, v pres (ex Li Ming Feng)
Shinji
Chimoto, v pres
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,100 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen
240 M
STARTED 2002 EMPLOYES 3
COMMENT
IMPORTER
& WHOLESALER SPECIALIZING IN ORGANIC RAW MATERIALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
21.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established jointly by three
partners: Li Ming Feng (a naturalized Chinese, now Toshimine Tanaka), Shinji
Chimoto and Katsunori Ishizumi in order to make most of their experiences in
organic & health food business for almost 20 years. This is a trading firm specializing in import
and wholesale of organic soybeans, coffee beans, wheat, rice, supplement foods,
natural foods, other. Products are
imported from
FINANCIAL INFORMATION
Financials are only partially disclosed. We also contacted Katsunori Ishizumi and got
the following figures.
The sales volume for Oct/ fiscal term is estimated to amount
to Yen 1,100 million, a 10% up from Yen 100 million in the previous term. Accounts are in process of journalizing and
sales may reach to Yen 1,200 million, says K Ishizumi. The net profit will be posted at Yen 110
million, compared with Yen 100 million a year ago. .
For the current term ending Oct 2009 the net profit is
projected at Yen 120 million, on a 9% rise in turnover, to Yen 1,200
million. Business is seen steadily
expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 21.0 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Nov 2002
Legal
Status: Private
Limited Company (Yugen Gaisha)
Regd
Capital: Yen 3
million
Major shareholders (%)
Katsunori Ishizumi, Toshimine
Tanaka, Shinji Chimoto (--equally shared)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales organic raw
materials, supplement raw materials, natural foods, organic miso & soy
sauce, stationery, organic textiles, other (--100%).
(Handling Items):
Organic Raw Materials: organic soybeans, buckwheat,
rice, coffee beans, wheat flour, sugar, chili powder, paste, fruit juice, oil,
black teas, honey, wasabi powder, soy cakes;
Supplement Raw Materials: chlorella, chlorella powder,
royal jelly, propolis, dextrose monohydrate, calcium, other;
Natural Foods: seasoning, instant noodles,
confectionary, organic coffee, black teas, other;
Stationary & Promotional Goods:
textile, light industrial goods, stationery, electric products, other;
Organic Shout & Tamari Sauce: Mfg
and sales in bulk.
Clients
Fermented soybeans mfrs, health
foods mfrs, soy sauce & miso mfrs, other.
Soy sauce, miso and other
Japanese foods are exported to
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Imports from
Domestically, supplied from
Yaeyama Shokusan, Sugishoku, other
Payment record:
Regular
Location:
Business area in
Bank References
SMBC (
Resona
Bank (
Relations:
Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/10/2009 |
31/10/2008 |
31/10/2007 |
31/10/2006 |
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Annual
Sales |
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1,200 |
1,100 |
1,000 |
980 |
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Recur.
Profit |
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Net
Profit |
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120 |
110 |
100 |
95 |
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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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240 |
130 |
35 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.09 |
10.00 |
2.04 |
8.89 |
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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 |
10.00 |
10.00 |
10.00 |
9.69 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/10/2009 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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1 |
Rs.75.45 |
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Euro |
1 |
Rs.64.21 |
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%)