MIRA INFORM REPORT
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Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
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Name : |
SAEKI JIICHORO SHOTEN, KK |
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Registered Office : |
45-1 Ippongi |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
February 1975 |
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Com. Reg. No.: |
(Toyama-Toyama) 000974 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of paints |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 7.5 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
----- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
SAEKI JIICHORO SHOTEN, KK
REGD NAME
KK Saeki Jiichiro
MAIN OFFICE
45-1 Ippongi
Toyama 930-0904
Tel:
076-451-2002 Fax: 076-451-2003
URL: Nil
ACTIVITIES
Wholesale
of paints
BRANCHES
Nil
OFFICER(S)
YOSHITERU
SAEKI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
391 M
PAYMENTS REGULAR CAPITAL Yen
30 M
TREND SLOW WORTH Yen
101 M
STARTED 1975 EMPLOYES 13
COMMENT
WHOLESALER OF PAINTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 7.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshiteru Saeki in order to
revive a shell company established by his father. This is a trading firm specializing in
wholesaling paints & coatings. Goods
are supplied from major paint makers.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Dec/2009 fiscal term amounted to Yen 391 million, a
15% down from Yen 459 million in the previous term. The net profit was posted at Yen 3 million,
compared with Yen 4 million a year ago. .
For the term that ended Dec 2010 the net profit was projected at Yen 3
million, on a 7% rise in turnover, to Yen 420 million. The final results are yet to be
released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 7.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb
1975
Regd No.: (Toyama-Toyama)
000974
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen
30 million
Major shareholders (%):
Yoshiteru Saeki & families (--100)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales
paints & coatings (--100%)
Clients: [Mfrs,
wholesalers] YKK, Miyakoshi Kogyosho, Oriental Kogyo, Hokuriku Electric Ind,
No. of accounts: 300
Domestic areas of
activities: Centered in Toyama-Pref and vicinities
Suppliers: [Mfrs,
wholesalers] Nippon Paints, Nihon Tokushu Toryo Co, Kuboko Paint Co, Tohpe
Corp, Mino Group Co, other
Payment record: Regular
Location: Business area in
Bank References:
Shoko
Chukin Bank (
Hokuriku
Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
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Annual
Sales |
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420 |
391 |
459 |
490 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
4 |
5 |
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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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101 |
98 |
93 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
7.42 |
-14.81 |
-6.33 |
-7.37 |
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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 |
0.71 |
0.77 |
0.87 |
1.02 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2010 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.45.37 |
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1 |
Rs.73.54 |
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Euro |
1 |
Rs.62.39 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.