|
Report Date : |
05.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MARUTAKA CO LTD |
|
|
|
|
Registered Office : |
2-2-13 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.07.2013 |
|
|
|
|
Date of Incorporation : |
August 1962 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale of fish, fishery
products (including river fish) |
|
|
|
|
No. of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME AND ADDRESS
MARUTAKA CO LTD
REGD NAME: Marutaka
KK
MAIN OFFICE: 2-2-13
Akine-Nishimachi Shimonoseki City Yamaguchi-Pref 751-0873 JAPAN
Tel:
083-263-4106
Fax:
083-256-3019
URL: N/A
ACTIVITIES
Import, wholesale
of fish, fishery products (including river fish)
BRANCHES
Nil
OFFICERS
MASAMORI KANEDA,
PRES
Takeo Kaneda, ch
Mayumi Kaneda, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,667 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 24 M
TREND UP WORTH Yen 308 M
STARTED 1962 EMPLOYES 4
COMMENT
TRADING FIRM SPECIALIZING IN FISH.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Takeo Kaneda, now ch, in order to
make the most of his experience in the subject line of business. Masamori is his son, who took the pres office
in Oct 2009. This is a family-based
trading firm specializing in import and wholesale of fish and fishery
products. Fishes are imported from
China, India, Korea, Thailand, Vietnam, other
FINANCIAL INFORMATION
The sales volume for Jul/2013 fiscal term amounted to Yen 3,667 million,
a 17% up from Yen 3,129 million in the previous term. The operations continued in the deficit to
post Yen 13 million recurring loss and Yen 6 million net losses, respectively,
compared with Yen 7 million recurring loss and Yen 3 million net losses,
respectively, a year ago.
For the current term ending Jul 2014 the recurring profit is projected
at Yen 15 million and the net profit at Yen 10 million, respectively, on a 4% rise
in turnover, to Yen 3,800 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Aug
1962
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 192,000 shares
Issued: 48,000 shares
Sum: Yen 24 million
Major
shareholders (%): Takeo Kaneda (50), Masamori Kaneda (17), and families
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales fish, fishery products, including river fish (--100%)
Clients: [Mfrs,
wholesalers] Marine Foods, Goshoku Co, Kyokuyo, Yamaka Foods, Shimada Trading,
other
No. of accounts:
300
Domestic areas of
activities: Centered in Yamaguchi-Pref
Suppliers: [Mfrs,
wholesalers] Imports from China, Thailand, India, Vietnam, Korea, other
Payment record: Slow but correct
Location: Business area in
Shimonoseki City, Yamaguchi-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Yamaguchi Bank
(H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
Annual
Sales |
|
3,800 |
3,667 |
3,129 |
2,709 |
|
Recur.
Profit |
|
15 |
-13 |
-7 |
|
|
Net
Profit |
|
10 |
-6 |
-3 |
14 |
|
Total
Assets |
|
|
862 |
946 |
984 |
|
Current
Assets |
|
|
648 |
740 |
|
|
Current
Liabs |
|
|
342 |
446 |
|
|
Net
Worth |
|
|
308 |
314 |
321 |
|
Capital,
Paid-Up |
|
|
24 |
24 |
24 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.63 |
17.19 |
15.50 |
-10.65 |
|
|
Current Ratio |
|
.. |
189.47 |
165.92 |
.. |
|
N.Worth Ratio |
.. |
35.73 |
33.19 |
32.62 |
|
|
R.Profit/Sales |
|
0.39 |
-0.35 |
-0.22 |
.. |
|
N.Profit/Sales |
0.26 |
-0.16 |
-0.10 |
0.52 |
|
|
Return On Equity |
.. |
-1.95 |
-0.96 |
4.36 |
|
Notes: Forecast (or
estimated) figures for the 31/07/2014 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.