MIRA
INFORM REPORT
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Report Date : |
07.07.2007 |
IDENTIFICATION DETAILS
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Name : |
DAITO CO LTD |
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Registered Office : |
Daito Seimei South Bldg 803, 1-2-11 Edobori Nishiku |
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Country : |
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Date of Incorporation : |
Jan 1977 |
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Com. Reg. No.: |
1299-01-044977 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Export of steel coils |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
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name
DAITO CO LTD
REGD NAME
Daito Kohan Kogyo
KK
MAIN OFFICE
Daito Seimei South
Bldg 803, 1-2-11 Edobori Nishiku
Tel : 06-6441-2008
Fax : 06-6447-0567
URL : N/A
ACTIVITIES
Export
of steel coils
BRANCHES
Nil
OFFICERS
HEDEYUKI
NAKADA, PRES
Mitsuo
Taniguchi, dir
Takayuki
Nakada, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 200 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen
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STARTED 1977 EMPLOYES 5
*..
Only estimated
COMMENT
EXPORTER OF STEEL COILS. FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF FINANCIALS AND OTHER MANAGERIAL INFORMATION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESED DUE TO THE LACK OF FINANCIALS.
HIGHLIGHTS
The subject company was established by Umejiro Nakada in order to make most of his experience in the subject line of business. Hideyuki is the founder’s son. This is a trading firm for exporting steel coils as a mainstay. The firm declined to disclose any of its managerial and financial information, and all the contents herein mentioned are cited from the Registration Certificate we have obtained. The firm says it has limited and selected number of clients who are all informed of the details on the firm and management. No other databases or credit firms have any information on the firm.
FINANCIAL INFORMATION
The financials are not disclosed. From the brief conversation, the firm refused to go into further details, we estimate the annual turnover is around Yen 200 million, but this is not verified by third parties.
The financial situation is considered undetermined due to the lack of financials but should be good for MODERATE business engagements. Max credit limit is unable to be assessed due to the lack of financials. Credits are recommended to be on guaranteed terms on new transactions.
REGISTRATION
Date
Registered: Jan 1977
Reg
No.: 1299-01-044977
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 24,000 shares
Issued: 6,000 shares
Sum: Yen 10 million
Major shareholders (%): Umejiro
Nakada and families.
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Exports steel coils (100%).
Goods
are exported to
Clients:
[Mfrs, wholesalers] Exports to
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Osaka
Suppliers:
[Mfrs, wholesalers] Supplied from domestic and overseas suppliers.
Payment
record: Regular
Location: Business area in
Bank References
Local
Bank (Undisclosed)
Relations:
Money deposits and transfers only.
FINANCES
(In
Million Yen)
NOT
DISCLOSED.
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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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%)