MIRA
INFORM REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
AWA LUMBER CO LTD |
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Registered Office : |
1-11-16 Shinkiba Kotoku Tokyo 136-0082 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2010 |
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Date of Incorporation : |
May 1970 |
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Com. Reg. No.: |
(Tokyo-Kotoku) 003874 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of wood, logs, timber, building/housing materials, DIY goods |
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 9.3 Million |
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Status : |
Small Company |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan
|
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 and address
AWA LUMBER CO LTD
REGD NAME: Awa
Mokuzai KK
MAIN OFFICE: 1-11-16
Shinkiba Kotoku Tokyo 136-0082 JAPAN
Tel:
03-3521-1800 Fax: 03-3521-1897
URL: http//:www.awamokuzai.co.jp
E-mail: info@awamokuzai.co.jp
ACTIVITIES
Import, export,
wholesale of wood, logs, timber, building/housing materials, DIY goods
BRANCHES
Nil
OFFICER(S)
HITOSHI NAKANO,
PRES
Nakayuki Nakano,
ch
Michio Harada, mgn dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 481 M
PAYMENTS REGULAR CAPITAL Yen 17 M
TREND SLOW WORTH Yen
90 M
STARTED 1970 EMPLOYES 7
COMMENT
IMPORTER &
WHOLESALER SPECIALIZING IN WOOD, TIMBER, HOUSING &
BUILDING
MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR: CD$718,800.00
MAX CREDIT LIMIT:
YEN 9.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Nakayuki Nakano in order to make most of his experience in the subject line
of business. Hitoshi is his son, who
took the pres office in Jul 1987. This
is a trading firm specializing in import and wholesale of wood, logs, cut
timber, housing/building materials, DIY goods, other. Materials are imported widely from USA,
Canada, Russia, Chile, Australia, Europe, China, other. Clients are timber traders, specialty stores,
other.
FINANCIAL INFORMATION
The sales volume for May/2010 fiscal
term amounted to Yen 481 million, a 15% down from Yen 571 million in the
previous term, as affected by the global economic downturn. Housing starts dropped. Consumer spending was sluggish in the
deteriorating job market. Building
starts plunged. The recurring profit was
posted at Yen 3 million and the net profit at Yen 1 million, respectively,
compared with Yen 1 million recurring profit and Yen 1 million net profit,
respectively, a year ago. .
For the term ended May 2011 the recurring
profit was projected at Yen 3 million and the net profit at Yen 2 million,
respectively, on a 2% rise in turnover, to Yen 490 million. New housing starts rose 0.3% in April, the
first increase in two months, but the third lowest ever figure for the month,
the Land Ministry reported. Final
results are yet to be released.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. The proposed amount, however, is considered
TOO HIGH from the recent financial status.
Max credit limit is estimated at Yen 9.3 million, on 30 days normal
terms.
REGISTRATION
Date Registered: May
1970
Regd No.:
(Tokyo-Kotoku) 003874
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 140,000 shares
Issued: 35,000 shares
Sum: Yen 17.5 million
Major shareholders (%): Hitoshi Nakano
(50), Kazue Nakano (14)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales woods, logs, cut timber, housing/construction materials: red wood,
white woods, pine, cedar, lawan wood, western red cedar, other (--100%).
Clients: [Timber traders,
wholesalers] Takayama Mokuzai, Beaver Tozan Co, other
No. of accounts:
500
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers]
McMillan Brodel (10%), Nippon Paper Lumber (10), Sumitomo Forestry, Emachu
Lumber, Sojitz Lumber, Mitsui Bussan Forestry, other.
Imports from USA, Canada, Russia, Australia,
New Zealand, Europe, Chile, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Fukagawa)
Mizuho Bank (Kameido)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/05/2011 |
31/05/2010 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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490 |
481 |
571 |
744 |
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Recur.
Profit |
|
3 |
3 |
1 |
-1 |
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Net
Profit |
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2 |
1 |
1 |
-1 |
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Total
Assets |
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334 |
376 |
485 |
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Current
Assets |
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237 |
268 |
333 |
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Current
Liabs |
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107 |
125 |
205 |
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Net
Worth |
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91 |
90 |
89 |
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Capital,
Paid-Up |
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17 |
17 |
17 |
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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 |
1.87 |
-15.76 |
-23.25 |
-22.58 |
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Current Ratio |
|
.. |
221.50 |
214.40 |
162.44 |
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N.Worth Ratio |
.. |
27.25 |
23.94 |
18.35 |
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R.Profit/Sales |
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0.61 |
0.62 |
0.18 |
-0.13 |
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N.Profit/Sales |
0.41 |
0.21 |
0.18 |
-0.13 |
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Return On Equity |
.. |
1.10 |
1.11 |
-1.12 |
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Notes: Forecast
(or estimated) figures for the 31/05/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.12 |
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|
1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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 |
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-- |
NB |
New Business |
-- |
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.