MIRA INFORM REPORT

 

 

Report Date :           

31.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SANYU TRADING CORPORATION

 

 

Registered Office :

No.6 Kawada Bldg 5F, 3-23-8 Yushima Bunkyoku Tokyo 113-0034

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 1981

 

 

Com. Reg. No.:

(Tokyo-Bunkyoku) 003243

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of electrical insulation materials, generators & transformers

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 6.6 Million

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

SANYU TRADING CORPORATION

 

 

REGD NAME 

 

Sanyu Boeki KK

 

 

MAIN OFFICE

 

No.6 Kawada Bldg 5F, 3-23-8 Yushima Bunkyoku Tokyo 113-0034 JAPAN

Tel: 03-3833-3281     Fax: 03-3833-2636

                       

URL:                             http://www.santra.jp

E-Mail address:                        info@santra.jp

 

 

ACTIVITIES  

 

Import, wholesale of electrical insulation materials, generators & transformers

 

 

BRANCHES

 

Tokyo (warehouse)

 

 

OFFICERS

 

HARUKAZU MORI, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 370 M

PAYMENTS      REGULAR                     CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 63 M

STARTED                     1981                             EMPLOYES      9

COMMENT

 

IMPORTER AND WHOLESALER SPECIALIZING IN ELECTRICAL INSULA-TION MATERIALS.

           

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY  BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 6.6 MILLION, 30 DAYS NORMAL TERMS.  .

 

 

HIGHLIGHTS

           

The subject company was established by Harukazu Mori in order to make most of his previous experience in the subject line of business.  This is a small-sized trading firm, owned by the Mori family, specializing in import and wholesale of electrical insulation materials, compo-nents for motors, generators & transformers, wire & cable materials, polyester, fluorine resins, other.  This is one of the first importers of industrial electrical equipment & components for heavy-duty       machinery industries (see OPERATION).  Goods are imported form about 60 mfrs in USA, Europe, East Europe, Russia, India, etc. Domestic clients include major heavy machinery mfrs, industrial machinery mfrs, other, nationwide.  

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 370 million, a 5% down from Yen 390 million in the previous term.  This is largely due to the high Yen, reducing earnings & profits in Yen terms.  The net profit was posted at Yen 1 million, a similar amount in the previous term. 

 

For the current term ending Mar 2012 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 380 million.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 6.6 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Apr 1981

Regd No.:         (Tokyo-Bunkyoku) 003243

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                60,000 shares

Sum:                   Yen 30 million

 

Major shareholders (%): Harukazu Mori (90)

 

No. of shareholders:  5

 

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales electrical insulation materials & equipment, components, technologies, related products (--100%):

 

For Rotating machinery: Insulation materials (Mica products of Cogebi, laminated plastics plates - phenol, epoxy, polyester film, fluorine resin products, insulation sleeve &    chord,   composite insulation materials & tapes; Insulation treatment (casting compound, water soluble core varnish, resins); Wires & cables (Gebauer Griller’s products, magnet wires & enameled wires, insulation sleeves); Manufacturing facilities/machines (coil winding machines, automatic under-cut & chamfering machines, drying furnace, heat press, VPI impregnation system, trickle insulation machines, taping machines; Other machinery (impregnation ropes/various wires & ropes, cargo handling devices, heavy duty cargo transportation rollers, commutators;

 

For Transformers: Insulation materials (laminated wood – plates, rings, bolts & nuts, press boards, insulation Kraft paper, thermal upgraded paper, extensible paper, insula-tion sleeves, crepe paper, composite laminated film, composite laminated plastics with glass/paper, etc, carbon paper, polyester film, composite insulation tapes, dust strips, insulation pipes, ribbons, cords); Components (bushing insulator, heat exchanger, transformer cooling fans & controllers, condenser bushing, tap changers, pressure relief devices, oil level gauges, flow meters, safety valves, impact recorders, others);

 

For General Industry: Insulation, thermal & corrosion resistant materials (PTFE seal tapes, flexible hoses, heat shrink tubes, polyethylene film for vapor deposit, aluminum tapes for air conditioners, window film sun control); components & equipment (capacitor winding machines, measurement testers, tensile testing machines, air motors for industrial use, multi rotary unions & joints, composing & taping machines and devices);          

Others (coffees, drafting films, others).

 

Exports: Cutting machines, various tools, presses for industrial machinery; Ceramic anchor made by Meidensha Corp; plant machinery & equipment, spare parts, etc to overseas plants of the clients below.

 

(Products firstly imported): Electrical Insulating Flexible Mica Papers of Cogebi;

Chrome-free water soluble core plate varnish by Rembrandtin Lack; Hi-val press boards       by EHV Weidmann; Thermally upgraded press-papers by Whiteley Ltd; Insulating Caps & condenser bushings by SSB Industries; Compressed laminated wood insulation materials by Schmeing, others.  (Products are being imported currently).

.

Clients: [Heavy machinery mfrs, wholesalers] Hitachi Ltd, Yuasa Corp, Fuji Electric, Toyo Electric mfg, Mitsubishi Electric, Toshiba Corp, Fujikura Corp, Kurimoto Steel, Showa Solar Energy, other.

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Cogebi (Belgium), Hilmo, Krempel, Rhenatech, Bakelite,      Lackdraht, Stollberg, Schmeing, Kemmerer, KarlStahl (--Germany), FILP, Coveme, Terrmann, Invex, CED, Electro Marolly, Mazzali (--Italy), Gebauer Griller, Von Rol Mayer, Rembrandtin Lack, Julium Meinl (--Austria), SABA, SCAPA, RDR, Derfi, SEG, MAXEI,   Karkwood, PRONAL, Automation 2000, Griset, Icone (--France), Garware Polyester Ltd, PE Engineer, SSB Industry, AITP, Sukrut (--India), other from Switz, Finland, USA, Poland, Iran, Austria, Canada, China, Turkey, Russia, etc.

Payment record: Regular

 

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

 

Bank References:

·         MUFJ (Ueno-Chuo)

·         Higashinippon Bank (Ueno)

Relations: Satisfactory.

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

380

370

390

420

Recur. Profit

　

　

　

　

　

Net Profit

　

2

1

1

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

63

62

61

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.70

-5.13

-7.14

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.53

0.27

0.26

1.19

 

Note: Financials are only partially disclosed.

Forecast (or estimated) for the 31/03/2012 fiscal term.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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.