MIRA INFORM
REPORT
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Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
UECHI MOKUZAI CO LTD |
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Registered Office : |
2-3-72 Sanno Nakagawaku |
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Country : |
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Financials (as on) : |
30.11.2010 |
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Date of Incorporation : |
November 1946 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of logs, precut timber, housing materials |
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 175.0 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
UECHI MOKUZAI CO LTD
REGD NAME
Uechi Mokuzai KK
MAIN OFFICE
2-3-72 Sanno Nakagawaku
Tel:
053-331-3131 Fax: 052-331-5666
URL: www.uechi.co.jp
E-mail: info@uechi.co.jp
ACTIVITIES
Import,
wholesale of logs, precut timber, housing materials, other
BRANCHES
FACTORIES
Higashiuracho,
Asukamura (--Aichi-Pref)
OFFICER(S)
Hiroyasu
Uechi, ch HIROYUKI
UECHI, PRES
Yoshiaki
Katada, mgn dir Motoyuki Uechi,
mgn dir
Fuminori
Furukawa, dir Yoshihiro Haraki, dir
Yen
Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,069 M
PAYMENTS REGULAR CAPITAL Yen 45 M
TREND SLOW WORTH Yen
1,939 M
STARTED 1946 EMPLOYES 61
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN LUMBER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$2,069,965.00
MAX
CREDIT LIMIT: YEN 175.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Takeshi Uechi in
order to make most of his experience in the subject line of business. Hiroyasu is his son and Hiroyuki his
grandson. This is a trading firm, with
mfg division, for import and wholesale of logs, precut timber, housing interior
and exterior materials, other. Goods are
imported from
FINANCIAL INFORMATION
The sales volume for Nov/2009 fiscal term amounted to Yen 3,069 million, an 18% down from Yen 3,759 million in the previous term, as affected by the global economic downturn. Housing market was affected seriously. New building orders were substantially declined. High Yen hurt sales in Yen terms. The recurring profit was posted at Yen 3 million and the net profit at Yen 1 million, respectively, compared with Yen 23 million recurring profit and Yen 15 million net profit, respectively, a year ago. .
For the term that ended Nov 2010 the recurring profit was projected at Yen 15 million and the net profit at Yen 10 million, respectively, on a 4% rise in turnover, to Yen 3,200 million. 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 175.0 million, on 30 days normal terms. The proposed amount is considered within the firm’s financial capacities.
REGISTRATION
Date Registered: Nov
1946
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 360,000 shares
Issued: 91,480 shares
Sum: Yen 45.74 million
Major shareholders (%):
Hiroyuki Uechi & families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales logs, precut timber, housing interior/exterior materials, flooring, roofing, ceiling, walling, other (--100%).
Logs are imported from
Clients: Housing makers, construction firms, timber dealers, timber markets, other
No. of accounts: 500
Domestic
areas of activities: Centered in greater-Nagoya
Suppliers:
[Mfrs, wholesalers] Mitsubishi Corp, Itochu Corp, Panasonic Electric Ind, Tokai
Mokuzai Market (Mokuzai means lumber), Sumitomo Forestry Co, other
Payment
record: Regular
Location:
Business area in
Bank References:
· MUFG (Kanayama)
· Mizuho Bank (Nagoya-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/11/2010 |
30/11/2009 |
30/11/2008 |
30/09/2007 |
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Annual
Sales |
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3,200 |
3,069 |
3,759 |
4,279 |
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Recur.
Profit |
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15 |
3 |
23 |
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Net
Profit |
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10 |
1 |
15 |
3 |
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Total
Assets |
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3,132 |
3,668 |
3,933 |
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Current
Assets |
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1,081 |
1,567 |
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Current
Liabs |
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905 |
1,297 |
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Net
Worth |
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1,939 |
1,939 |
1,925 |
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Capital,
Paid-Up |
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45 |
45 |
45 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.27 |
-18.36 |
-12.15 |
-0.99 |
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Current Ratio |
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.. |
119.45 |
120.82 |
.. |
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N.Worth Ratio |
.. |
61.91 |
52.86 |
48.94 |
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R.Profit/Sales |
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0.47 |
0.10 |
0.61 |
.. |
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N.Profit/Sales |
0.31 |
0.03 |
0.40 |
0.07 |
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Return On Equity |
.. |
0.05 |
0.77 |
0.16 |
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Notes:
Forecast (or estimated) figures 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.45.58 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.61.45 |
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.