MIRA
INFORM REPORT
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Report Date : |
2nd
January, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
INTERTECK
CO. LTD. |
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Registered Office : |
22-30
Okuikecho Ashiya City Hyogo-Pref 659-0003, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.01.2007
(Estimated) |
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Date of Incorporation : |
May
1987 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export, import, wholesale of printing presses. |
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 104.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
INTERTECK
CO LTD (PLS NOTE THE CORRECT SPELLING)
REGD NAME
KK
Interteck
MAIN OFFICE
22-30
Okuikecho Ashiya City Hyogo-Pref 659-0003 JAPAN
Tel : 0797-26-0026
Fax : 0797-26-0027
*.. The
given address is its Osaka Branch Office at: 8-1-32 Nanko-Naka
Suminoeku
Osaka; Tel: 06-4703-6060; Fax: 06-4703-6030
URL : http://www.interteck.co.jp
E-Mail address :
itc@interteck.co.jp
ACTIVITIES
Export, import, wholesale of printing presses
BRANCHES
Tokyo, Osaka (address as given)
OFFICERS
NOBUAKI TSUYADA, PRES
Masae Ohnishi, dir
Seiji Natsui, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,140 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen 488 M
STARTED 1987 EMPLOYES 13
COMMENT
TRADING FIRM SPECIALIZING IN PRINTING MACHINES. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 104.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Nobuaki Tsuyada in order to
make most of his experience in the
subject line of business. This is a
trading firm specializing in export of used printing
machinery & equipment, their parts & components as a mainstay. Export destinations cover about 80 countries
in Asia, Europe, N America, Oceania, Africa, etc. Stressing on new machinery exports, too. Goods are also imported from Germany,
etc. Goods are supplied from major
printing machinery mfrs, Japan branches of overseas mfrs, other.
FINANCIAL INFORMATION
The sales volume for Jan/2006 fiscal term amounted to Yen 3,140
million, a 13% down from Yen 3,611 million in the previous term. Export revenues were irregularly affected by
fluctuations in foreign currency exchange rates. The net profit was down to Yen 21 million from Yen 26 million a
year ago.
For the current term ending Jan 2007 the net profit is projected
at Yen 22 million, on a 5% rise in turnover, to Yen 3,300 million. Weaker Yen may help uplift sales in Yen
terms.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 104.2 million, on 30 days normal terms.
REGISTRATION
Date Registered : May 1987
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
4,000 shares
Issued :
1,000 shares
Sum :
Yen 50 million
Major shareholders (%)
Nobuaki Tsuyada (majority owned)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Exports, imports and wholesales used printing
machinery: offset printing machines, commercial/newspaper webs, die cutters,
bindery, other relative equipment for paper & board (--100%).
Offers technical support & services from installation to
technical guidance on operations, to
maintenance and parts replacement, too.
Export 90%; import 10%.
Export Agent for:
Sanwa Manufacturing Co Ltd (Automatic platen die cutting &
creasing machines);
Sumitomo Heavy Industries Ltd (SPS clampless systems).
Import Agent for:
TRESU GmbH (Germany) (Chamber blade systems).
Clients
[Mfrs, wholesalers] Exports to China, Hong Kong, other Asian
countries, USA, Europe, Oceania, Africa, other.
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Komori Corp, Heidelberg Japan, Dic-Man Roland
Ltd, Akiyama International, Bobst Group Japan Ltd, Sumitomo Heavy Ind, Sanwa
Mfg Co, Japan Pulp & Paper Co,
Ariyoshi Kikai Hambai, Chiyoda Lease Co, other. Imports from Tores GmbH, Germany, other.
Payment record
Regular
Location
Business area in Ashiya City, Hyogo-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Semba-Chuo)
Mizuho Bank (Kujo)
Relations: Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
31/01/2007 |
31/01/2006 |
31/01/2005 |
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Annual
Sales |
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3,300
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3,140
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3,611
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Recur.
Profit |
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41 |
185 |
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Net
Profit |
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22 |
21 |
26 |
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Total
Assets |
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1,019
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858 |
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Current
Assets |
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573 |
416 |
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Current
Liabs |
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215 |
154 |
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Net
Worth |
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488 |
466 |
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Capital,
Paid-Up |
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50 |
50 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.10 |
-13.04
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0.50 |
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Current Ratio |
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.. |
266.51
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270.13
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N.Worth Ratio |
.. |
47.89
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54.31
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R.Profit/Sales |
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.. |
1.31 |
5.12 |
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N.Profit/Sales |
0.67 |
0.67 |
0.72 |
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Return On Equity |
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4.30 |
5.58 |
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Note: Forecast (or
estimated) for the 31/01/2007 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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