MIRA
INFORM REPORT
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Report Date : |
16.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
EPI CO LTD |
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Registered Office : |
2-22-3 Kakinokizaka Meguroku Tokyo 152-0022 |
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Country : |
Japan |
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Date of Incorporation : |
Apr 1995 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import of plastic household products;
export of plastic processing machines |
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 5.1millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
EPI CO LTD
REGD NAME
E. P. I. Japan KK
MAIN OFFICE
2-22-3 Kakinokizaka Meguroku Tokyo 152-0022 JAPAN
Tel : 03-5731-4130
Fax : 03-3725-8594
URL : N/A
ACTIVITIES
Import of plastic household products; export of plastic
processing machines
BRANCHES
Nil
OFFICER(S)
JUN’ICHI TSUGE, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 270 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 31 M
STARTED 1995 EMPLOYES 2
COMMENT
TRADING HOUSE SPECIALIZING IN PLASTIC MATERIALS &
PRODUCTS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 5.1 MILLION, NORMAL 30 DAYS TERMS
HIGHLIGHTS
The subject company was established jointly by Jun’ichi Tsuge and EPI Thailand in order to market plastic materials & products in Japan. Handling items are industrial plastic products, plastic & stainless steel utensils for home-use catering to DIY stores. Also exports plastic processing & molding machines to India, Thailand, Hong Kong, Brazil, Korea, etc.
FINANCIAL INFORMATION
The financials are disclosed only partially as follows.
The sales volume for Dec/2006 fiscal term amounted to Yen 270
million, an 8% up from Yen 250 million in the previous term. Client networks expanded into DIY
chains. Weaker Yen also contributed to
sales growth in Yen terms. The net
profit marked time at Yen 5 million.
For the current term ending Dec 2007 the net profit is
projected at unchanged Yen 5 million, on a 7% rise in turnover, to Yen 290
million. Weaker Yen against foreign
currencies will assist to boost sales in Yen terms.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 5.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1995
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Jun’ichi Tsuge (70), PT Eastern
Polymer (30)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports plastic & stainless steel home utensils
& other household products for DIY
stores, plastic industrial products (--90%); Exports plastic processing &
molding machines & equipment (--10%).
Imports are from EPI Thailand and group firms.
Export destinations are India, Thailand, Hong Kong, Korea,
Brazil, other.
Clients: [Mfrs, wholesalers] Astage, Nagai Co, Narimasa Seihan, other.
Exports to Thailand, India, Hong Kong, Brazil, Korea, etc.
No. of accounts: 70
Domestic areas of activities: Centered in greater-Tokyo.
Suppliers: [Mfrs, wholesalers] Thai Weltex, Ability Industries,
Eastern Polymer, Keylock Mfg, Mitsui & Co, other. For exports supplied from Mitsubishi Heavy Ind, Mitsui & Co,
Toshiba Machine, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Hibiya)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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290 |
270 |
250 |
250 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
5 |
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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31 |
26 |
21 |
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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 |
7.41 |
8.00 |
0.00 |
25.00 |
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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 |
1.72 |
1.85 |
2.00 |
2.00 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2007 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%)