MIRA INFORM REPORT
|
Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAN-A TRADING CO LTD |
|
|
|
|
Registered Office : |
Yachiyo East Bldg 8F, Kita-1-21
Tenjimbashi-2 Kitaku Osaka 530-0041 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.11.2010 |
|
|
|
|
Date of Incorporation : |
February 1975 |
|
|
|
|
Com. Reg. No.: |
(Osaka-Kitaku) 064492 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Export of textile machines and parts |
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 10.2 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 – 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
SAN-A TRADING CO LTD
REGD NAME
KK San-A Trading
MAIN OFFICE
Yachiyo East Bldg 8F,
Kita-1-21 Tenjimbashi-2 Kitaku Osaka 530-0041 JAPAN
Tel:
06-6351-7041 Fax: 06-6351-4037
URL: http://www.san-a-tr.co.jp
E-Mail address: info@san-a-tr.co.jp
ACTIVITIES
Export
of textile machines and parts
BRANCHES
Korea Sam-A Trading Co Ltd
(Seoul); Shanghai J&S Metallic Yarn Co Ltd; San-A Trading Shanghai Office
(--Shanghai); San-A Trading Vietnam Office (Ho Chi Ming);
OFFICERS
SEIJI
TAKEUCHI, PRES Tohru
Yasui, dir
Jun’ichiro
Takeuchi, dir Hiroyuki
Yamada, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,295 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
38 M
STARTED 1975 EMPLOYES 6
COMMENT
EXPORTER OF TEXTILE MACHINES AND PARTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 10.2
MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Seiji Takeuchi in order to make most of his experience in the subject line of business. A small-sized trading firm specializing in exporting textile machines, new & second-hand, their spare parts & components. Machines are supplied from major textile machinery mfrs and shipped to worldwide destinations: China, India, Indonesia, Vietnam, Korea, Philippines, USA, Mexico, other. Stressing on business operations in China, where operating 2 offices. As a sideline, the firm imports bicycles, smash t-shirts, bags, tuna fish, other.
FINANCIAL INFORMATION
The sales volume for Nov/2010 fiscal term amounted to Yen 1,295 million, a 178% up from Yen 465 million in the previous term. Exports revived substantially into China, India, Pakistan, Thailand, and other S/E Asian countries. Operations came back to profitability to post Yen 12 million recurring profit and Yen 1 million net profit, respectively, compared with Yen 15 million recurring loss and Yen 1 million net losses, respectively, a year ago. In the last term there were numerous order cancellations and NC’s.
For the current term ending Nov 2011 the recurring profit is projected at Yen 15 and the net profit at Yen 3 million, respectively, on a 4% rise in turnover, to Yen 1,350 million. Business is steady rising.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 10.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1975
Regd No.: (Osaka-Kitaku) 064492
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders (%): Seiji Takeuchi (45), Junichiro
Takeuchi (45), Nobuyoshi Hirata (3)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports textile machines, new & old, their parts & components (90%): Weaving machines (rubber reducer, high speed gill, mixing gill); Textile machines (loom for name labels, design system, rings, cylinder wires, rolling strippers); Warp knitting machines, circular knitting machines, terry knitting machines, knitting glove machines, other;
Imports tuna (from China and Asia), T-shirts (from USA), bicycles & bicycle racks (from China),other consumable goods (--10%).
Clients: [Mfrs, wholesalers] Exports to India, China, Vietnam, Taiwan, Hong Kong, Korea, Thailand, Philippines, Pakistan, Mexico, Bangladesh, Indonesia, USA, Canada, other.
Domestic clients: Daizo Co, Fujiki Shoten, DAC Co, E-NA Co, GAMO Kansai, etc.
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Murata Machinery, Tamurakoma & Co, VPIC, Kuroiwa Knit Machine, Mitsuwa Ind, TMT Machinery, Kanai Juyo Kogyo, Yoshida Kikai Kogyo, other. Imports from USA, Pakistan, China, Italy, other.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Minamimorimachi)
Bank of Nagoya (Osaka)
Relations: Satisfactory.
FINANCES
(In Million Yen)
|
Terms Ending: |
30/11/2011 |
30/11/2010 |
30/11/2009 |
30/11/2008 |
|
|
Annual
Sales |
|
1,350 |
1,295 |
465 |
2,691 |
|
Recur.
Profit |
|
15 |
12 |
-15 |
1 |
|
Net
Profit |
|
3 |
1 |
-1 |
1 |
|
Total
Assets |
|
|
392 |
334 |
531 |
|
Current
Assets |
|
|
233 |
163 |
308 |
|
Current
Liabs |
|
|
255 |
181 |
324 |
|
Net
Worth |
|
|
38 |
37 |
38 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.25 |
178.49 |
-82.72 |
-17.96 |
|
|
Current Ratio |
|
.. |
91.37 |
90.06 |
95.06 |
|
N.Worth Ratio |
.. |
9.69 |
11.08 |
7.16 |
|
|
R.Profit/Sales |
|
1.11 |
0.93 |
-3.23 |
0.04 |
|
N.Profit/Sales |
0.22 |
0.08 |
-0.22 |
0.04 |
|
|
Return On Equity |
.. |
2.63 |
-2.70 |
2.63 |
|
Note:
Forecast (or estimated) for the 30/11/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
UK Pound |
1 |
Rs.73.12 |
|
Euro |
1 |
Rs.64.39 |
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.