MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

YOKOHAMA LUMBER CO LTD

 

 

Registered Office :

G Square Mita Bldg 7F, 3-2-6 Mita Minatoku Tokyo 108-0073

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

October 1946

 

 

Com. Reg. No.:

0104-01-092236 (Tokyo-Minatoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of logs, timber, plywood

 

 

No. of Employees :

11 employees

 

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 :

No Complaints

Litigation :

Clear

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

YOKOHAMA LUMBER CO LTD

 

 

REGD NAME

 

Yokohama Mokuzai KK

 

 

MAIN OFFICE

 

G Square Mita Bldg 7F, 3-2-6 Mita Minatoku Tokyo 108-0073 JAPAN

Tel: 03-5765-7640      Fax: 03-5765-7641

 

*.. Moved to the caption address in Jan 2011 from the former as given

 

   URL:              N/A

 

 

ACTIVITIES  

 

Import, wholesale of logs, timber, plywood, other

 

 

BRANCHES

 

Yokohama

 

 

OFFICERS

 

OSAMU SATOH, PRES

Hiroyuki Satoh, s/mgn dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 2,436 M

PAYMENTS      No Complaints          CAPITAL           Yen 100 M

TREND UP                                WORTH            Yen 2,370 M

STARTED         1946                             EMPLOYES      11

 

 

COMMENT

 

IMPORTER OF LOGS & TIMBER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$1,197,750.00.

 

 

HIGHLIGHTS

 

The subject company was established by father of Osamu Satoh in order to make most of his business experience as a timber merchant.  This is a trading firm for import and wholesale of logs, timber, plywood, other housing wood materials,  Goods are imported from Canada centrally, other.  Clients include lumber dealers, house makers, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for Sept/2011 fiscal term amounted to Yen 2,436 million, a 17% up from Yen 2,076 million in the previous term.  The demand for housing materials rose sharply after the Great North East Earthquake that occurred in Mar 2011.  The recurring profit was posted at Yen 93 million and the net profit at Yen 51 million, respectively, compared with Yen 86 million recurring profit and Yen 47 million net profit, respectively, a year ago.

 

For the current term ending Sept 2012 the recurring profit is projected at Yen 95 million and the net profit at Yen 50 million, respectively, on a 3% rise in turnover, to Yen 2,500 million.  

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Oct 1946

Regd No.:         0104-01-092236 (Tokyo-Minatoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         8 million shares

Issued:                2 million shares

Sum:                   Yen 100 million

Major shareholders (%): Hiroyuki Satoh (7), Osamu Satoh (5), Yukio Satoh (5)

No. of shareholders: 50

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

 

 

OPERATION

           

Activities: Imports and wholesales logs (Western Red Cedar, other), lumber, plywood, other wood housing materials (--100%)

 

Clients: [Mfrs, wholesalers] Shoji Mokuzai Co, Shimizu Port Lumber Assn, Morimura Bros Inc, Takahiro Lumber Co, SL World Co, Maruei-Wood Co, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Interfor, Western Forest Products, Teal-Jones, KP Wood, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Fukagawa)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

       Terms Ending:

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

2,500

2,436

2,076

1,710

Recur. Profit

　

95

93

86

　

Net Profit

　

50

51

47

26

Total Assets

　

　

3,332

3,158

2,947

Current Assets

　

　

1,584

1,441

　

Current Liabs

　

　

595

465

　

Net Worth

　

　

2,370

2,328

2,291

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.63

17.34

21.40

-12.17

    Current Ratio

 

..

266.22

309.89

..

    N.Worth Ratio

..

71.13

73.72

77.74

    R.Profit/Sales

 

3.80

3.82

4.14

..

    N.Profit/Sales

2.00

2.09

2.26

1.52

    Return On Equity

..

2.15

2.02

1.13

 

Notes: Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.