MIRA
INFORM REPORT
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Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ENOMOTO MACHINE CO LTD |
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Registered Office : |
1-4-37 Machiya Shiroyamamachi Tsukuigun Kanagawa-Pref 220-0101 |
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Country : |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
September, 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Screw Press, Forging Press, Joint Press |
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 9 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
COMPANY NAME &
ADDRESS
ENOMOTO MACHINE CO LTD
REGD NAME : Enomoto
Kiko KK
MAIN OFFICE : 1-4-37
Machiya Shiroyamamachi Tsukuigun Kanagawa-Pref 220-0101 JAPAN
Tel :
042-782-2842
Fax :
042-782-4461
URL : http://www.enomt.co.jp/
E-Mail address :
info@enomt.co.jp
ACTIVITIES
Mfg of screw press, forging press, joint press
BRANCHES
Nil
FACTORY(IES)
At the caption address, also adjacent address (2) (Factory
space 3,000 m2, floor space 1,800 m2)
OFFICER(S)
YOSHIO ENOMOTO, PRES & CEO
Hisao Kobayashi, s/mgn dir
Hideo Kawamura, mgn dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 470 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 54 M
STARTED 1988 EMPLOYES 21
COMMENT
MFR SPECIALIZING IN METAL SCREW PRESS. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1915 by
Shintaro Enomoto for mfg press machines, on his account, and has been succeeded
by his descendants. Yoshio is the
founder’s grandson, who took the pres office in Sept 1988. This is a specialized mfr of metal screw
press, forging press, joint press, and related parts & components. Products are exported widely to
FINANCIAL INFORMATION
The sales volume for May/2006 fiscal term amounted to Yen
470 million, a 2% up from Yen 460 million in the previous term. Exports continued rising and steady. The net profit was posted at Yen 6 million, a
similar amount in the previous year.
For the term ended May 2007 the net profit was projected at
Yen 6 million, on a 4% rise in turnover, to Yen 490 million. Export demand continued. Weaker Yen also aided to uplift its sales
amount in Yen terms.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 9 million, on 30 days normal terms.
REGISTRATION
Date Registered : Sept
1988
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders
(%)
Yoshio Enomoto and families (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures screw press (20-2000 ton), knuckle
joint press (100-800 ton), NC punching units (30-100 ton), small square shear,
straight sided crank press for punching & coining (25-100 ton), hydraulic
press for punching & coining (30-100 ton), hydraulic hobbing press (300-500
ton), servo motor driven screw press (150-1000 ton), others (--100%).
Products are also exported.
Clients: [Mfrs, government agencies] Mint Bureau (Ministry
of Finance), Citizen Watch, Nittan
Valve, Yamaha Motor, Owari Precise Works, Mitsubishi Heavy Ind, Fuji Oozx,
Showa Denko, Mitsubishi Materials, Fuji Ozex, Toyota Motor, Honda Motor, Nissan
Motors, other.
Exports to
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Doi Kozai, Fukuoka Hagane
Shoten, Takatsu Corp, Fanuc Ltd, Chuetsu Metal Works, Taiyo Denki Kogyo, other.
Payment record
Regular
Location
Light industrial area in Tsukuigun, Kanagawa-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
MUFG (Hashimoto)
Mizuho Bank (Hashimoto)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/05/2007 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
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Annual Sales |
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490 |
470 |
460 |
450 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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6 |
6 |
6 |
5 |
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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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54 |
48 |
42 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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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 |
4.26 |
2.17 |
2.22 |
7.14 |
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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 |
1.22 |
1.28 |
1.30 |
1.11 |
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Notes: Financial statement not
disclosed only except the above partial approx figures.
Forecast (or estimated) figures for
31/05/2007 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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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%)