MIRA INFORM REPORT

 

 

Report Date :

21.06.2014 

 

IDENTIFICATION DETAILS

 

Name :

NAMIKI SHOJI CO LTD

 

 

Registered Office :

Kensei Shinjuku Bldg 3F, 5-5-3 Shinjuku Shinjukuku Tokyo 160-0022

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2013

 

 

Date of Incorporation :

November 1974

 

 

Com. Reg. No.:

0111-01-015528

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, wholesale of pharmaceuticals, reagents, drug-discovery compounds

 

 

No. of Employees

40

 

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

 


COMPANY NAME AND ADDRESS

 

NAMIKI SHOJI CO LTD

 

REGD NAME:   Namiki Shoji KK

MAIN OFFICE:  Kensei Shinjuku Bldg 3F, 5-5-3 Shinjuku Shinjukuku Tokyo 160-0022 JAPAN

                                    Tel: 03-3354-4026      Fax: 03-3352-2196

 

                        *.. Moved to the caption address in 2006 from the former one as given

 

URL:                 http://www.namiki.co.jp

E-Mail address: info@namiki.co.jp

 

 

ACTIVITIES

 

Import, wholesale of pharmaceuticals, reagents, drug-discovery compounds, etc

 

 

BRANCHES     

 

Osaka

 

 

OFFICERS       

 

TATSUYA NAMIKI, PRES

Tohru Yokoyama, s/mgn dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY      

 

FINANCES                    FAIR                             A/SALES          Yen 2,220 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 40 M

TREND             SLOW                           WORTH            Yen 2,420 M     

STARTED                     1974                             EMPLOYES      40

 

 

COMMENT      

 

TRADING FIRM SPECIALIZING IN PHARMACEUTICALS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

 


 

HIGHLIGHTS

           

The subject company is a trading firm for import and wholesale of pharmaceuticals, reagents, drug-discovery compounds, intermediates, health foods, other.  Clients include pharmaceutical makers, wholesalers, chain stores, other.

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.

 

The sales volume for May/2013 fiscal term amounted to Yen 2,220 million, a 2% down from Yen 2,253 million in the previous term.  High Yen hurt imports by reducing earnings in Yen terms.  The net profit was posted at Yen 140 million, compared with Yen 117 million a year ago.

 

For the term that ended May 2014 the net profit was projected at Yen 150 million, on a 5% rise in turnover, to Yen 2,330 million.  Weaker Yen may have raised sales in Yen terms.  Final results are yet to be released.

 

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

 

 

REGISTRATION

 

Date Registered:  Nov 1974

Regd No.:         0111-01-015528 (Tokyo-Shinjukuku)

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         320,000 shares

Issued:                80,000 shares

Sum:                   Yen 40 million

Major shareholders (%): Tatsuya Namiki, others (Breakdown unavailable)

No. of shareholders: 19

 

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

 

 

OPERATION

           

Activities: Imports and wholesales pharmaceuticals, reagents, intermediates, drug-discovery compounds, health foods, other (--100%)

 

Clients: [Mfrs, wholesalers]  Astellas Pharma Inc, Daiichi Sankyo Co, Takeda Chemical Ind, Hisamitsu Pharmaceutical Co Inc, Sawai Pharmaceutical Co, other  

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Thermo Fisher Scientific KK, Sumitomo Chemical, Sundia, Taisho Pharm Ind, Enamine Co, other

 

Payment record: No complaints

 

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

 

Bank References:

MUFG (Shinjuku)

SMBC (Shinjuku)

Relations: Satisfactory

 

 

FINANCES

 

 (In Million Yen)

Terms Ending:

 

31/05/2014

31/05/2013

31/05/2012

31/05/2011

Annual Sales

 

2,330

2,220

2,253

2,252

Recur. Profit

 

..

..

..

..

Net Profit

 

150

140

117

152

Total Assets

 

 

N/A

N/A

N/A

Net Worth

 

 

2,420

2,280

2,163

Capital, Paid-Up

 

 

40

40

40

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.95

-1.46

0.04

6.23

    Current Ratio

..

..

..

    N.Worth Ratio

..

..

..

    N.Profit/Sales

6.44

6.31

5.19

6.75

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/05/2014 fiscal term.

 

 


           

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.