MIRA
INFORM REPORT
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Report Date : |
25.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
S B S CO LTD |
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Registered Office : |
2-4-1 Nishihara Kashiwa Chiba-Pref |
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Country : |
Japan |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
October 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Housing Kits, Housing Members |
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 8.1 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
S B S CO LTD
REGD NAME: S B S KK
MAIN OFFICE: 2-4-1 Nishihara Kashiwa Chiba-Pref JAPAN
Tel:
047-153-4628 Fax: 047-155-2043
URL: N/A
ACTIVITIES
Import, wholesale of housing kits, housing members
BRANCHES
Ibaraki
FACTORY
Processing (subcontracted)
OFFICER(S)
YUHEI YOKOTA, PRES
Hiroshi Enomoto, dir
Masayasu Kobayashi, dir
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 463 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen 48 M
STARTED 1988 EMPLOYES 10
COMMENT
IMPORTER OF HOUSING KITS & HOUSING MEMBERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR: CD$232,988.
MAX
CREDIT LIMIT: YEN 8.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yuhei Yokota in order to make most of his experience in the subject line of business. This is a trading firm specializing in import and wholesale of 2x4 housing kits, housing members, pre-cut timber, other. Goods are imported from USA, Canada, Finland, China, other. Clients are house makers, specialty stores, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2007 fiscal term amounted to Yen 463 million, a 16% sharp hike from Yen 398 million in the previous term. This is attributed to brisk housing market across the country. The net profit was posted at Yen 4 million, up from Yen 1 million a year ago.
For the current term ending Sept 2008 the net profit is projected at Yen 3 million, on a 1% fall in turnover, to Yen 460 million. Housing market has dipped due to excess supply as a result of building rush in the previous term.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.1 million, on 30 days normal terms. The proposed amount is considered TOO HIGH from the recent financial status. This is feasible if broken into several shipments within this credit limit.
REGISTRATION
Date Registered: Oct 1988
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%)
Yuhei Yokota (45), Masayasu Kobayashi (30), Y’s Corp (25)
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales 2x4 housing kits (ready to assemble/build), pre-cut timber, housing members (--100%).
Clients
[House builders, wholesalers] Wing Co, As Corporation, Mitsui Home Components, Hivic Home Component, Tenryu Lumber, Howdy Co, Hasegawa Manji Shoten, Aran Corp, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Daisen Sangyo, Wing Co, Hasegawa Manji Shoten, Oji Forest & Products, Nice Co, Jutec Corp, Araika Corporation, Turk Industries, Togo Koeki, other.
Imports from USA, Canada, Finland, China, other.
Payment record: Regular
Location
Business area in Kashiwa City, Chiba-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Chiba Kogyo Bank (Kashiwa)
Chiba Bank (Hatsuishi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
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Annual
Sales |
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460 |
463 |
398 |
396 |
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Recur.
Profit |
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Net
Profit |
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3 |
4 |
1 |
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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48 |
44 |
43 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
-0.65 |
16.33 |
0.51 |
-11.01 |
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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 |
0.65 |
0.86 |
0.25 |
0.25 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2008 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.46.25 |
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UK Pound |
1 |
Rs.85.92 |
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Euro |
1 |
Rs.68.11 |
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%)