MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
T
& E CO LTD |
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Registered Office : |
ERZ 6
Bldg 8F, 6-29-6 Shinjuku Shinjukuku Tokyo 160-0022, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006
(Estimated) |
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Date of Incorporation : |
January
1984 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales aircraft parts & components, machine
tools, others. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 25 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
T & E CO LTD
REGD NAME
KK T & E
MAIN OFFICE
ERZ 6 Bldg 8F, 6-29-6 Shinjuku Shinjukuku
Tokyo 160-0022 JAPAN
Tel :
03-5292-5883
Fax :
03-5292-5889
URL : N/A
ACTIVITIES
Import, wholesale of aircrafts
parts & components, machine tools
BRANCHES
Nil
OFFICERS
CHOZO NODA, PRES
Sachiko Noda, dir
Chiaki Noda, dir
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,600 M
PAYMENTS REGULAR CAPITAL Yen 13 M
TREND STEADY WORTH Yen 126 M
STARTED 1984 EMPLOYES 9
COMMENT
IMPORTER OF AIRCRAFT PARTS AND
MACHINE TOOLS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 25
MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Chozo Noda in order to make
most of his experience in the subject line of business. This is a family-based trading firm
specializing in import and wholesale of aircraft parts & components,
machine tools, other. Goods are imported mostly from USA, Germany, etc. Clients
include major heavy machinery mfrs, machine tools mfrs, etc, nationwide.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal term amounted to Yen 1,600
million, a 19% up from Yen 1,350 million in the previous term. This is thanks to the rise in mfg activities
of major machinery mfrs. The net profit
rose to Yen 50 million from Yen 20 million a year ago. The Yen 50 million reportedly includes some
extraordinary profits, but details unavailable.
For the term just ended Dec 2006 the net profit was projected and
believed posted at Yen 25 million, on a 6% rise in turnover, to Yen 1,700
million. Business continued rising.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 25 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jan 1984
Legal Status : Limited Company (Kabushiki
Kaisha)
Authorized : 1,000 shares
Issued : 260 shares
Sum : Yen 13 million
Major shareholders (%)
Chozo Noda (100)
Nothing detrimental is known as
to his commercial morality.
OPERATION
Activities: Imports and
wholesales aircraft parts & components, machine tools, others
(--100%). Goods are imported mostly
from USA and Germany.
Clients
[Machinery mfrs, machine tools
mfrs] Mitsubishi Heavy Ind, Makita Corp (largest mfr of electric tools for
woodworking), Hitachi Koki Co (power tool mfr), other.
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Imports from
USA, Germany, other. Also supplied from
some domestic precision machinery mfrs.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
SMBC (Shinjuku-Nishiguchi)
Mizuho Bank (Aoyama)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual
Sales |
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1,700
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1,600
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1,350
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1,186
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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25 |
50 |
20 |
17 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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126 |
76 |
56 |
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Capital,
Paid-Up |
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13 |
13 |
13 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.25 |
18.52
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13.83
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7.82 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.47 |
3.13 |
1.48 |
1.43 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/12/2006 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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