MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
NOMURA MACHINE TOOL WORKS LTD |
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Registered Office : |
3-25-1 |
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Country : |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
Jan 2001 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing of machine tools |
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 38.4 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
NOMURA MACHINE TOOL WORKS LTD
REGD NAME
KK Nomura
Seisakusho
MAIN OFFICE
3-25-1
Tel : 0724-38-8285
Fax : 0724-38-8286
URL : http://www.nomurass.co.jp
E-Mail
address: hanbai@nomurass.co.jp
ACTIVITIES
Mfg of
machine tools
BRANCHES
FACTORY(IES)
At the
caption address
OFFICERS
NOBUAKI
OJIMA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,160 M
PAYMENTS REGULAR CAPITAL Yen 44 M
TREND STEADY WORTH Yen
203 M
STARTED 2001 EMPLOYES 90
COMMENT
MFR OF MACHINE TOOLS. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 38.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1913 for
making working tools and after merger and restructuring reorganized in 2001. Specializes
in mfg machine tools, milling machines, facing centers, polishing machines,
welding machines, etc. Goods are marketed in
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2006 fiscal term amounted to Yen 2,160 million, an 8% up from Yen 2,000 million in the previous term. Exports were brisk, helping to raise sales amount in Yen terms, while due to the rising costs of materials and fuel prices profits were deteriorated. The net profit was halved down to Yen 45 million from Yen 90 million a year ago.
For the current term ending Sept 2007 the net profit is projected at Yen 45 million, on a 2% rise in turnover, to Yen 2,200 million. Exports will continue growing.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 38.4 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Jan 2001
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 3,520 shares
Issued: 880 shares
Sum: Yen 44 million
Major shareholders (%): Nobuaki
Ojima, others (Details unavailable)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures machine tools & peripherals (--100%).
(Mfg items listed): milling machines, facing center, bag cleaners, automatic bagging machines, welding machines, polishing machines, slicing machines, hydraulic/air cylinders, others.
Clients: [Mfrs, wholesalers] Sumikin Bussan Corp, Snow Brand Milk Products, Meiji Seika Kaisha, Sunstar Inc, Nikko Shoji, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Fanuc Ltd, Tokyo Kozai, Asahi Chuzosho, Miyako Kiko, other.
Payment
record: Regular
Location: Business area in
Bank References
Amagasaki
Shinkin Bank (Showacho)
Senshu
Bank (Tadaoka)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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30/09/2007 |
30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual
Sales |
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2,200 |
2,160 |
2,000 |
1,800 |
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Recur.
Profit |
(*) |
.. |
.. |
166 |
.. |
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Net
Profit |
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45 |
45 |
90 |
20 |
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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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203 |
158 |
68 |
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Capital,
Paid-Up |
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44 |
44 |
44 |
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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 |
1.85 |
8.00 |
11.11 |
38.46 |
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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 |
2.05 |
2.08 |
4.50 |
1.11 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 30/09/2007 fiscal term.
(*)
Pretax profits disclosed from the Taxation Office.
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%)