MIRA INFORM
REPORT
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Report Date : |
22.01.2011 |
IDENTIFICATION DETAILS
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Name : |
AHB INTERNATIONAL INC |
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Registered Office : |
5-12-8 Kiba Kotoku |
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Country : |
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Financials (as on) : |
28.02.2010 |
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Date of Incorporation : |
April 1994 |
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Legal Form : |
Limited Company |
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Line of Business : |
Operator of animal hospitals, animal hotels, animal shops |
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 85.2 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
AHB INTERNATIONAL INC
REGD NAME
AHB International
KK
MAIN OFFICE
5-12-8 Kiba Kotoku
Tel:
03-5646-7887 Fax: 03-5646-7886
URL: www.anicaclub.com
E-mail: info@anicaclub.com
ACTIVITIES
Operator
of animal hospitals, animal hotels, animal shops
BRANCHES
Hospitals
(25), hotels (75), shops (68) (--nationwide)
OFFICER(S)
AKIHIRO
OGAWA, PRES Norio Imaizumi, dir
Hiroshi
Okada, dir Mitsuo
Honda, dir
Mitsuo
Kiyokawa, dir Masaaki
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 10,200 M
PAYMENTS REGULAR CAPITAL Yen 488 M
TREND STEADY WORTH Yen
557 M
STARTED 1994 EMPLOYES 1,360
COMMENT
OPERATOR
OF
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 85.2 MILLION, 30 DAYS
HIGHLIGHTS
The subject company
was established by Akihiro Ogawa in order to make most of his experience in the
subject line of business. This is a
specialized operator of animal hospitals, pet hotels and pet shops,
domestically the largest operator.
Operates 68 pet shops, 75 trimming hotels and 25 hospitals
nationwide. In May 2010 opened the fifth
pet shop in
FINANCIAL INFORMATION
The sales volume for
Feb/2010 fiscal term amounted to Yen 10,200 million, a 7% up from Yen 9,500
million in the previous term. New shops
were opened during the term. Nationwide
pet booms contributed. The net recurring
profit was posted at Yen 300 million and the net profit at yen 120 million,
respectively, compared with Yen 190 million recurring profit and Yen 76 million
net profit, respectively, a year ago. .
For the current term
ending Feb 2011 the recurring profit is projected at Yen 350 million and the net
profit at Yen 140 million, respectively, on an 18% rise in turnover, to Yen
12,000 million. Business is steadily and
steeply expanding.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 85.2
million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1994
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 16,000 shares
Issued: 4,064 shares
Sum: Yen 488 million
Major shareholders (%): Akihiro Ogawa, Venture Capital, Employees’
S/Holding Assn, other (Breakdown not
disclosed)
No. of shareholders: 58
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Operates pet shops, pet hotels, pet hospitals: pet sales (32%), pet
food, equipment, supplies (--25%), pet trimming, hotels (24%), hospitals (15%),
others (6%).
Operates 68 pet
shops, 75 pet trimming, pet hotels and25 hospitals nationwide
Clients: Individual consumers
No. of accounts: Unavailable
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Lovely Pet Co, Tosho Co Inc, Japan Wayne Co,
Nippon Penet Co, C(s Ishihara Co, other
Payment record: Regular
Location: Business area in
Bank References:
·
MUFG
(Ohtsucho)
·
Bank of
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
28/02/2011 |
28/02/2010 |
28/02/2009 |
29/02/2008 |
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Annual
Sales |
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12,000 |
10,200 |
9,500 |
8,000 |
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Recur.
Profit |
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350 |
300 |
190 |
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Net
Profit |
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140 |
120 |
76 |
65 |
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Total
Assets |
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4,578 |
4,186 |
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Current
Assets |
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2,345 |
2,143 |
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Current
Liabs |
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2,492 |
2,523 |
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Net
Worth |
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557 |
435 |
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Capital,
Paid-Up |
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488 |
488 |
488 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
17.65 |
7.37 |
18.75 |
60.00 |
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Current Ratio |
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.. |
94.10 |
84.94 |
.. |
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N.Worth Ratio |
.. |
12.17 |
10.39 |
.. |
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R.Profit/Sales |
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2.92 |
2.94 |
2.00 |
.. |
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N.Profit/Sales |
1.17 |
1.18 |
0.80 |
0.81 |
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Return On Equity |
.. |
21.54 |
17.47 |
.. |
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Notes:
Forecast (or estimated) figures for the 28/02/2011 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.45.70 |
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1 |
Rs.72.78 |
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Euro |
1 |
Rs.61.65 |
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.