MIRA
INFORM REPORT
|
Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SATO MOKUZAI KK |
|
|
|
|
Registered Office : |
378 Niizumicho Tenri Nara-Pref 632-0057 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Year of Establishment : |
January 1979 |
|
|
|
|
Com. Reg. No.: |
(Nara-Tenri) 006499 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Process, import
of lumber |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 30.4 Million |
|
Status : |
Moderate |
|
Payment Behaviour : |
Regular |
|
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) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Name and address
SATO MOKUZAI KK
REGD NAME: Sato
Mokuzai KK
MAIN OFFICE: 378
Niizumicho Tenri Nara-Pref 632-0057 JAPAN
Tel: 0743-66-2727 Fax: 0743-66-2223
URL: http://www.satolumber.com
E-Mail address: info@satolumber.com
ACTIVITIES
Process, import of
lumber
BRANCHES
Ibaraki, Fukuoka
FACTORIES
At the caption
address
OFFICERS
NORITSUGU SATO,
PRES Toshiyuki
Shimoyama, mgn dir
Naohide Mashimo,
dir Shigeaki
Sato, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,874 M
PAYMENTS REGULAR CAPITAL Yen 45 M
TREND SLOW WORTH Yen
581 M
STARTED 1979 EMPLOYES 33
COMMENT
PROCESS & IMPORT OF LUMBER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: CD$189,170.00.
MAX CREDIT LIMIT:
YEN 30.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
originally in 1970 for processing woods into timber, on his account. Incorporated in 1979. Noritsugu Sato took the pres office in Aug
2008. This is a processor & mfr of
wood, logs, cut timber, housing/building materials, other. Materials are imported widely from USA,
Canada, China, other. Clients are
shrines, temples, timber traders, specialty stores, other. Nara-Pref is one of the places, next to
Kyoto, where old shrines & temples are located.
FINANCIAL INFORMATION
The sales volume for Jun/2010 fiscal
term amounted to Yen 1,874 million, a 7% down from Yen 2,005 million in the
previous term, as affected by the global economic downturn, particularly in the
first half of the term. Housing starts
dropped. Consumer spending was sluggish
in the deteriorating job market.
Building starts plunged. The net
profit was posted at Yen 36 million, compared with Yen 104 million a year ago.
For the term that ended Jun 2011 the net
profit was projected at Yen 30 million, on a 1% rise in turnover, to Yen 1,900
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.
In May 2011, the housing starts rose 6.4%, as sales of condominiums and
homes built for sale expanded 42.9%.
Condo starts alone jumped 138.1%, up for the second straight month,
according to the land Ministry. This is
the results of building houses for the tsunami victims in Mar 2011, who lost
houses & assets, and building homes for rent were rushed by the local
governments. 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 30.4 million, on 30 days normal
terms. The proposed amount is considered
well within the firm’s financial status.
REGISTRATION
Date Registered: Jan
1979
Regd No.:
(Nara-Tenri) 006499
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 360,000 shares
Issued: 90,000 shares
Sum: Yen 45 million
Major
shareholders (%): Kazuhiko Sato (48), Noritsugu Sato (15), Naohide Mashimo
(12), Shigeaki Sato (8)
No. of shareholders: 14
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Processes, manufactures
and imports woods, logs, cut timber, housing/construction materials: red wood,
white woods, pine, cedar, lawan wood, red cedar, other (--100%).
Clients: Shrines, temples,
house makers, construction firms, timber processors, other
No. of accounts:
200
Domestic areas of
activities: Centered in Nara-Pref
Suppliers: [Mfrs,
wholesalers] MacMillan Bloedel Ltd (Canada), Tomen Corp, Murakami Lumber Co,
Nishigaki Lumber Inc, Emachu Wood, other
Payment record: Regular
Location: Business area in
Nara. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Nanto Bank (Sakurai)
Resona Bank (Kashihara)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
|
|
Annual
Sales |
|
1,900 |
1,874 |
2,005 |
3,446 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
30 |
36 |
104 |
82 |
|
Total
Assets |
|
|
2,118 |
|
|
|
Current
Assets |
|
|
1,536 |
|
|
|
Current
Liabs |
|
|
668 |
|
|
|
Net
Worth |
|
|
581 |
|
|
|
Capital,
Paid-Up |
|
|
45 |
|
|
|
Div.P.Share(¥) |
|
|
43.00 |
43.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.39 |
-6.53 |
-41.82 |
82.42 |
|
|
Current Ratio |
|
.. |
229.94 |
.. |
.. |
|
N.Worth Ratio |
.. |
27.43 |
.. |
.. |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
1.58 |
1.92 |
5.19 |
2.38 |
|
|
Return On Equity |
.. |
6.20 |
.. |
.. |
|
Notes: Financials
were only partially disclosed until the 30/06/2010 fiscal term.
Forecast (or
estimated) figures for the 30/06/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.12 |
|
|
1 |
Rs.72.05 |
|
Euro |
1 |
Rs.63.33 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.