MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MITSUMOTO SHOKAI CO LTD |
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Registered Office : |
Kyoritsu Shin-Yokohama Bldg 8F, 2-15-12 Shin-Yokohama Kohokuku
Yokohama 222-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
April 1985 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export of Industrial Chemicals |
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 24 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
MITSUMOTO SHOKAI
CO LTD
REGD NAME: KK Mitsumoto Shokai
MAIN OFFICE: Kyoritsu Shin-Yokohama Bldg 8F, 2-15-12
Shin-Yokohama Kohokuku Yokohama 222-0033 JAPAN
Tel:
045-470-0211 Fax: 045-477-3310
URL: http://www.mitsumoto-s.co.jp
E-Mail address: info@mitsumoto-s.co.jp
ACTIVITIES
Import, export of industrial chemicals
BRANCHES
Nil
OFFICER(S)
HIROSHI KAWASE, PRES
Yasuhiro Maruyama, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,620 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 42 M
STARTED 1985 EMPLOYES 6
COMMENT
TRADER FOR IMPORT AND EXPORT OF INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 24 MILLION,
30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Hiroshi Kawase in order to make most of his
experience in the subject line of business.
A small-sized trading firm for import and export of industrial
chemicals: anti-rust agent, anti-oxidant, rust retardant, surface active
agents, other. Goods are imported from
China, USA, other and shipped to major oil refineries and petrochemical
industries.
FINANCIAL INFORMATION
Financials are
only partially disclosed.
The sales volume
for Mar/2008 fiscal term amounted to Yen 1,620 million, a 1% up from Yen 1,604
million in the previous term. The net
profit was posted at Yen 1 million, down from Yen 2 million a year ago. Rising operating costs worsened
profitability.
For the current
term ending Mar 2009 the net profit is projected mark time at Yen 1 million, on
a 2% rise in turnover, to Yen 1,650 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 24 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1985
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
Hiroshi Kawase (35), Kazutsuna Kawamura (15), Yasuhiro Kawamura (15), Susumu Kawase (10)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading firm specializing in import, export and wholesale of industrial chemicals: anti-rust agents, anti-oxidant, rust retardant, surface active agents, industrial lube oil additives, aromatic materials, others (--100%).
Clients
[Oil refineries, petrochemical mfrs] Idemitsu Kosan, Nippon Oil, Showa Shell Sekiyu, other.
No. of accounts: 300 (selective clients only)
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Colonial Chemical Ind, Suzhou Special Chemicals Co, other.
Payment record: Regular
Location: Business area in Yokohama. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Yokohama)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2009 |
31/03/2008 |
31/03/2007 |
31/03/2006 |
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Annual
Sales |
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1,650 |
1,620 |
1,604 |
1,583 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
2 |
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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42 |
41 |
39 |
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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 |
1.85 |
1.00 |
1.33 |
11.56 |
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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 |
0.06 |
0.06 |
0.12 |
0.06 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2009 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%)