MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
SAN-A TRADING CO LTD |
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Registered Office : |
Yachiyo East Bldg 8F, Kita-1-21
Tenjimbashi-2 Kitaku |
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Country : |
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Financials (as on) : |
30.11.2010 |
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Date of Incorporation : |
February 1975 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of textile machines and parts |
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 19.2 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 |
ompany name
SAN-A TRADING CO LTD
REGD NAME
KK San-A Trading
MAIN OFFICE
Yachiyo East Bldg
8F, Kita-1-21 Tenjimbashi-2 Kitaku Osaka 530-0041
Tel:
06-6351-7041 Fax: 06-6351-4037
URL: http://www.san-a-tr.co.jp
E-Mail address: info@san-a-tr.co.jp
ACTIVITIES
Export
of textile machines and parts
BRANCHES
Korea Sam-A Trading Co Ltd (Seoul); Shanghai J&S
Metallic Yarn Co Ltd; San-A Trading Shanghai Office (--Shanghai); San-A Trading
Vietnam Office (Ho Chi Ming);
OFFICERS
SEIJI
TAKEUCHI, PRES Tohru Yasui,
dir
Jun’ichiro
Takeuchi, dir Hiroyuki
Yamada, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 465 M
PAYMENTS Unknown CAPITAL Yen 30 M
TREND SLOW WORTH Yen
37 M
STARTED 1975 EMPLOYES 6
COMMENT
EXPORTER OF TEXTILE MACHINES AND PARTS.
FINANCIAL SITUATION CONSIDERED RATHER
WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 19.2 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Seiji Takeuchi in order to make
most of his experience in the subject line of business. A small-sized trading firm specializing in
exporting textile machines, new & second-hand, their spare parts &
components. Machines are supplied from
major textile machinery mfrs and shipped to worldwide destinations:
FINANCIAL INFORMATION
The sales volume for Nov/2009 fiscal term amounted to Yen 465 million, a
sharp 83% down from Yen 2,691 million in the previous term, as affected
substantially by the global economic downturn.
Exports declined. Order
cancellation rose, including some NC’s.
Operations dipped into the red to post Yen 15 million recurring loss and
Yen 1 million net losses, respectively, for the term, compared with Yen 1
million recurring profit and Yen 1 million net profit, respectively, a year
ago..
For the term that ended Nov 2010 the operations were projected to come
back to profitability to post Yen 1 million recurring profit and Yen 1 million
net profit, respectively, on a 416% rise in turnover, to Yen 2,400
million. Final results are yet to be
released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 19.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb
1975
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen
30 million
Major shareholders (%): Seiji Takeuchi (45), Junichiro
Takeuchi (45), Nobuyoshi Hirata (3)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports textile
machines, new & old, their parts & components (90%): Weaving machines
(rubber reducer, high speed gill, mixing gill); Textile machines (loom for name
labels, design system, rings, cylinder wires, rolling strippers); Warp knitting
machines, circular knitting machines, terry knitting machines, knitting glove
machines, other;
Imports tune (from
Clients: [Mfrs,
wholesalers] Exports to India, China, Vietnam, Taiwan, Hong Kong, Korea,
Thailand, Philippines, Pakistan, Mexico, India, Bangladesh, Indonesia, USA,
Canada, other.
Domestic clients: Murata Machinery, Daizo Co, Fujiki Shoten, etc.
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Murata Machinery, Tamurakoma & Co, VPIC, Kuroiwa Knit Machine,
Mitsuwa Ind, TMT Machinery, Kanai Juyo Kogyo, Yoshida Kikai Kogyo, other.
Imports from
Payment record: Regular
Location: Business area in
Bank References:
SMBC (Minamimorimachi)
Bank
of
Relations:
Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
30/11/2010 |
30/11/2009 |
30/11/2008 |
30/11/2007 |
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Annual
Sales |
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2,400 |
465 |
2,691 |
3,280 |
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Recur.
Profit |
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1 |
-15 |
1 |
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Net
Profit |
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1 |
-1 |
1 |
1 |
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Total
Assets |
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334 |
531 |
850 |
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Current
Assets |
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163 |
308 |
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Current
Liabs |
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181 |
324 |
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Net
Worth |
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37 |
38 |
38 |
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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 |
416.13 |
-82.72 |
-17.96 |
-17.82 |
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Current Ratio |
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.. |
90.06 |
95.06 |
.. |
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N.Worth Ratio |
.. |
11.08 |
7.16 |
4.47 |
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R.Profit/Sales |
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0.04 |
-3.23 |
0.04 |
.. |
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N.Profit/Sales |
0.04 |
-0.22 |
0.04 |
0.03 |
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Return On Equity |
.. |
-2.70 |
2.63 |
2.63 |
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Note: Forecast
(or estimated) for the 30/11/2010 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.45.18 |
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1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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.