MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

IDENTIFICATION DETAILS

 

Name :

SBA INC

 

 

Registered Office :

Aminaka Kudan Bldg 6F, 1-14-17 Kudankita Chiyodaku Tokyo 102-0073

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 1986

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of ski & outdoor goods

 

 

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 17.4 Million

Status :

Small Company 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

SBA INC

 

 

REGD NAME 

 

KK SBA

 

 

MAIN OFFICE

 

Aminaka Kudan Bldg 6F, 1-14-17 Kudankita Chiyodaku Tokyo 102-0073 JAPAN

Tel: 03-3221-6881     Fax: 03-3222-1457

                        *.. Moved to the caption address from the one as given

                       

URL:                 http://www.sba-inc.co.jp

E-Mail address: info@sba-inc.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of ski & outdoor goods

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

KATSUHISA ISHIKAWA

Yuji Shirako, dir

Katsuko Ishikawa, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 973 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 705 M

STARTED                     1986                             EMPLOYES      10

 

 

COMMENT

 

IMPORTER OF SKI & OUTDOOR GOODS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 17.4 MILLION, 30 DAYS NORMAL TERMS.  .

 

 

HIGHLIGHTS 

 

The subject company was established by Katsuhisa Ishikawa in order to make most o his pre-vinous experience in the subject line of business.  This is a trading firm specializing in importing and wholesaling of ski goods.  “Karrimor” brand ski goods account for about 65% of total sales.  Clients include sports good stores, chain stores, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Mar/2010 fiscal term amounted to Yen 973 million, a 4% down from Yen 1,015 million in the previous term, as affected by the global economic downturn.  Consumer spending was sluggish.  The net profit was posted at Yen 46 million, compared with Yen 43 million a year ago.

 

For the term that ended Mar 2011 the net profit was projected at Yen 47 million, on a 3% rise in

turnover, to Yen 1,000 million.  The firm says this level has been achieved.  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 17.4 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Apr 1986

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Katsuhisa Ishikawa (80), Katsuko Ishikawa (13), Yuji Shirako (5),

Masayo Shirako (2)

 

No. of shareholders: 4

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports and wholesales ski goods, rucksack, alpine & trekking wear, travel & lifestyle

Wear & accessories for men & women (--100%).

 

 

Clients: [Sports goods stores, chain stores] Marui Co, ICI Ishii Sports, Mega Sports,

            Tokyu Hands, Loft, Victoria, Marubeni Corp, Xebio Co, other. 

            No. of accounts: 500

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Karrimor Japan (65%), Aku (15%), Winter Shutaiger (12%),

            Reichmann, SK 12, Marubeni Corp, other.

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Resona Bank (Kudan)

MUFG (Kanda)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/03/2011

31/03/2010

31/03/2009

31/03/2008

Annual Sales

　

1,000

973

1,015

857

Recur. Profit

　

　

　

　

　

Net Profit

　

47

46

43

25

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

705

673

643

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.77

-4.14

18.44

4.77

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

4.70

4.73

4.24

2.92

 

Note: Financials are only partially disclosed.

Forecast (or estimated) for the 31/03/2011 fiscal term.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.42

Euro

1

Rs.66.04

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.