MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
KS TRADING CO LTD |
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Registered Office : |
Sankyo Bldg 3F, 3-27-1 Shimorenjaku Mitaka City Tokyo-Metrop 181-0013 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2008 |
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Date of Incorporation : |
November 2004 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export and
Wholesale of Dyestuffs, Pigment Intermediates |
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 3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
KS TRADING CO LTD
REGD NAME: KS Trading KK
MAIN OFFICE: Sankyo Bldg 3F, 3-27-1 Shimorenjaku Mitaka
City Tokyo-Metrop 181-0013 JAPAN
Tel:
0422-47-4677 Fax: 0422-47-4674
URL: http://www.msoho.net/ (Of Mitaka City SOHO Office network)
E-Mail address: kst@mitaka.ne.jp
ACTIVITIES
Import, export, wholesale of dyestuffs, pigment
intermediates
BRANCHES
Nil
OFFICER(S)
KUNIAKI SAWANOBORI, PRES
Yoriko Sawanobori, dir
Yoshiaki Sawanobori, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 200 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 14 M
STARTED 2004 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN DYESTUFFS & PIGMENTS INTERMEDIATES.
FINANCIAL SITUATION IS CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUISNESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Kuniaki Sawanobori in order to make most of his experience in foreign trading. This is a family-based trading firm specializing in import and wholesale of pigments, dyestuffs intermediates, etc. About 70% of the goods are imported from India, other from Korea, Taiwan, Hong Kong, Thailand, etc. Also exports to India, Hong Kong, Korea, Taiwan, Vietnam, Thailand, other.
FINANCIAL INFORMATION
The sales volume for Jun/2008 fiscal term amounted to Yen 200 million, an 11% up from Yen 180 million in the previous term. Business is seen steadily rising in the four years since its inception. The net profit was posted at Yen 2 million, compared with Yen 3 million a year ago.
For the current term ending Jun 2009 the net profit is projected at Yen 2 million, on a 5% rise in turnover, to Yen 210 million. Client networks have been expanded with sales volumes expected to rise, according to the firm.
Financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 2004
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
Kuniaki Sawanobori (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales pigments, dyestuffs intermediates, other chemicals (--100%).
About 70% of the goods are imported from India.
Clients
[Mfrs, wholesalers] Meisei Chemical Works, OG Corp, other.
Exports to Korea, India, Hong Kong, Taiwan, Vietnam, Thailand, other.
No. of accounts: 50 (steady clients)
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from India (72%), Korea, Taiwan, Hong Kong, other. Also from Chijiki Dyestuff Ind, and some other domestic suppliers for exports.
Payment record: Regular
Location: Business area in Mitaka City, Tokyo-Metrop. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Tama Shinkin Bank (Mitaka-Ekimae)
Mizuho Bank (Mitaka)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/06/2009 |
30/06/2008 |
30/06/2007 |
30/06/2006 |
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Annual
Sales |
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210 |
200 |
180 |
105 |
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Recur.
Profit |
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Net
Profit |
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2 |
2 |
3 |
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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14 |
11 |
10 |
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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 |
5.00 |
11.11 |
71.43 |
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- - |
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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 |
0.95 |
1.00 |
1.67 |
0.95 |
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Notes: Forecast figures (or estimated) for the 30/06/2009 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.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)