MIRA INFORM REPORT

 

 

Report Date :           

15.09.2011

 

IDENTIFICATION DETAILS

 

Name :

MIYAMA SHOKAI CO LTD (MIYAMA HOUSE)

 

 

Registered Office :

2-4-16 Nakagoe Nagano 381-0003

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

September 1988

 

 

Com. Reg. No.:

(Nagano-Nakagoe) 003485

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of prefabricated 2x4 housing kits, exterior materials

 

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

 

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 – 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

 

Company name

 

MIYAMA SHOKAI CO LTD (MIYAMA HOUSE)

 

 

REGD NAME

 

Miyama House KK Miyama Shokai

 

 

MAIN OFFICE

 

2-4-16 Nakagoe Nagano 381-0003 JAPAN

Tel: 026-236-9788     Fax: 026-236-9766

URL:                 www.miyama-house.co.jp

E-mail:             (thru the URL)   

 

 

ACTIVITIES  

 

Import, wholesale of prefabricated 2x4 housing kits, exterior materials

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)  

 

MASAYOSHI DENDA, PRES

           

Mutsuko Denda, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    WEAK              A/SALES          Yen 371 M

PAYMENTS                  REGULAR         CAPITAL           Yen 20 M

TREND             SLOW              WORTH            Yen (-) 14 M

STARTED                     1988                 EMPLOYES      18

 

COMMENT    

 

IMPORTER OF PREFABRICATED HOUSING KITS. 

 

FINANCIAL SITUATION CONSIDERED WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: CD$300,000.

 

MAX CREDIT LIMIT: YEN (-) 1.4 MILLION; NEGATIVE NETWORTH AND NO CREDITS ARE RECOMMENDED.

 

 

HIGHLIGHTS

 

The subject company was established by Masayoshi Denda in order to make most of his experience in the subject line of business.  This is a family-based trading firm, owned and operated essentially by the Denda family, for import and wholesale of prefabricated 2x4 housing kits & members, exterior materials, other.  Executes earth works, too.  Also engaged in real estate broking.

 

 

FINANCIAL INFORMATION

 

The sales volume for Feb/2011 fiscal term amounted to Yen 371 million, a 2% up from Yen 365 million in the previous term, as affected substantially by the global economic downturn.  Housing market was down and depressed.  The firm does not disclose any of further information on the financials and managements.  The recurring loss was posted at Yen 2 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 current term ending Feb 2012 the recurring profit is projected at Yen 1 million and the net profit at Yen 1 million, respectively, on a similar turnover, at Yen 370 million..

           

The financial situation is considered WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at a negative Yen (-) 1.4 million; and No credits are recommended. 

 

 

REGISTRATION

 

Date Registered:  Sept 1988

Regd No.:           (Nagano-Nakagoe) 003485

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　1,600 shares

Issued:             　400 shares

Sum:                　Yen 20 million

Major shareholders (%): Masayoshi Denda (100)

 

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

 

OPERATION

 

Activities: Imports and wholesales prefabricated 2x4 housing kits & members, exterior materials, other (--100%).

 

Clients: House builders, consumers, business firms, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in Nagano-Pref & vicinities

 

Suppliers: [Mfrs, wholesalers] Tanpei Corporation, Amenix, Miyashita, Sakamoto, other.

 

Payment record: Regular

 

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

 

Bank References:

·         Nagano-Ken Shinkin Bank (Nakagoe)

·         Nagano Shinkin Bank (Yoshida)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

28/02/2012

28/02/2011

2802/2010

28/02/2009

Annual Sales

　

370

371

365

365

Recur. Profit

　

1

-2

1

254

Net Profit

　

1

1

1

1

Total Assets

　

　

215

265

254

Current Assets

　

　

188

208

206

Current Liabs

　

　

154

206

206

Net Worth

　

　

-14

-15

-15

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

-0.27

1.64

0.00

-40.55

    Current Ratio

 

..

122.08

100.97

100.00

    N.Worth Ratio

..

-6.51

-5.66

-5.91

    R.Profit/Sales

 

0.27

-0.54

0.27

69.59

    N.Profit/Sales

0.27

0.27

0.27

0.27

 

Notes: Forecast (or estimated) figures for the 28/02/2012 fiscal term. 

 

 

 Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.81

UK Pound

1

Rs.75.16

Euro

1

Rs.65.11

 

 

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.