MIRA INFORM REPORT

 

 

Report No. :

300693

Report Date :

21.01.2015

 

IDENTIFICATION DETAILS

 

Correct Name :

SEKIKGAHARA STONE CO LTD

 

 

Registered Office :

2682 Sekigahara Sekigaharacho Fuwagun Gifu-Pref 503-1501

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2015 (Estimated)

 

 

Date of Incorporation :

November 1951

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Engaged in Manufacturing, Processing and Wholesaling of Granite, Marbles & Other Stones

 

 

No of Employees :

204

 

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

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

Company name

SEKIKGAHARA STONE CO LTD

 

REGD NAME:  

Sekigahara Sekizai KK

 

MAIN OFFICE: 

2682 Sekigahara Sekigaharacho Fuwagun Gifu-Pref 503-1501 JAPAN

 

Tel: 0584-43-1241     

Fax: 0584-43-2422

 

URL:                 http://www.sekistone.com

E-Mail address:            (thru the URL)

 

ACTIVITIES:    

Engaged in Manufacturing, Processing and Wholesaling of Granite, Marbles & Other Stones

 

BRANCHES:    

Tokyo, Osaka, Nagoya, Sapporo, Sendai, Yokohama, Hiroshima, Fukuoka, other

 

OVERSEAS:    

China, other (partners)

 

FACTORIES:   

At the caption address

 

OFFICERS:      

TATSURO YABASHI, PRES       Ryota Kobayashi, s/mgn dir

Toshiaki Mizumukai, mgn dir       Atsushi Nakamura, mgn dir

Ryuichi Kobayashi, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY:     

 

FINANCES                    FAIR                                         A/SALES          Yen 9,323 M

PAYMENTS      Slow but Correct              CAPITAL           Yen 96 M

TREND             SLOW                                       WORTH            Yen 3,795 M     

STARTED                     1951                                         EMPLOYES      204

 

COMMENT:     

MFG, PROCESSING OF MARBLES, GRANITE, OTHER STONES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

           


           

HIGHLIGHTS:

           

The subject company was established by Goro Yabashi in order to make most of his experience in the subject line of business.  Tatsuro is his son, who took the pres office in Feb 1996.  This is a specialized mfg, processing of marbles, granite, other stones.  Stones are imported from China, Italy, other.  Clients include major construction companies, nationwide.

 

 

FINANCIAL INFORMATION:

           

The sales volume for Mar/2014 fiscal term amounted to Yen 9,323 million, a 4% down from Yen 9,746 million in the previous term.  The recurring profit was posted at Yen 120 million and the net profit at Yen 71 million, respectively, compared with Yen 56 million recurring profit and Yen 307 million net losses, respectively, a year ago.

 

For the current term ending Mar 2015 the recurring profit is projected at Yen 130 million and the net profit at Yen 80 million, respectively, on a 3% rise in turnover, to Yen 9,600 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 197.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Nov 1951

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         768,000 shares

Issued:                192,000 shares

Sum:                   Yen 96 million

 

Major shareholders (%): Tatsuro Yabashi (21), Nagoya Small & medium Business Investment (17), Employees’ S/Holding Assn9)

 

No. of shareholders: 29

 

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

 

 

OPERATION:

           

Activities: Manufactures, processes and wholesales granite, marbles, other stones (--100%)

 

Clients: [Mfrs, wholesalers] Shimizu Corp, Obayashi Corp, Taisei Corp, Takenaka Corp, Kajima Corp, Kumagai Gumi Co, Fujita Engineering, other

Imports from China, Italy, other 

           

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Sekistone Co, Sekigahara Atelier, other

 

Payment record: Slow but Correct

 

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

 

Bank References:

Juroku Bank (H/O)

MUFG (Ogaki)

Relations: Satisfactory

 

FINANCES

(In Yen)

 

       Terms Ending:

31/03/2015

31/03/2014

31/03/2013

31/03/2012

Annual Sales

　

9,600

9,323

9,746

8,865

Recur. Profit

　

130

120

-56

　

Net Profit

　

80

71

-307

78

Total Assets

　

　

12,471

12,933

13,802

Current Assets

　

　

6,295

6,690

　

Current Liabs

　

　

5,966

6,201

　

Net Worth

　

　

3,795

3,723

4,034

Capital, Paid-Up

　

　

96

96

96

Div.Ttl in Million (¥)

　

　

0.00

3.1

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

2.97

-4.34

9.94

31.08

    Current Ratio

　

..

105.51

107.89

..

    N.Worth Ratio

　

..

30.43

28.79

29.23

    R.Profit/Sales

　

1.35

1.29

-0.57

..

    N.Profit/Sales

　

0.83

0.76

-3.15

0.88

    Return On Equity

　

..

1.87

-8.25

1.93

 

Notes: Forecast (or estimated) figures for the 31/03/2015 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.