MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ENDO KOGYO CO LTD |
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Registered Office : |
3-14-7 Akibacho Tsubame Niigata-Pref 959-1261 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
May 1935 |
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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 80.6 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
ENDO KOGYO CO LTD
REGD NAME
Endo Kogyo KK
MAIN OFFICE
3-14-7 Akibacho Tsubame Niigata-Pref 959-1261 JAPAN
Tel : 0256-62-5133
Fax : 0256-62-5772
URL : http://www.
Endo-kogyo.co.jp
E-Mail address: info@endo-kogyo.co.jp
ACTIVITIES
Mfg of machine tools
BRANCHES
Tokyo, Osaka, Fukuoka
OVERSEAS
(Sales agents): USA, Canada, Brazil, UK, France, Germany,
Hungary, Czech, Sweden, Austria, Netherlands, Norway, China, Taiwan, Malaysia,
Thailand, Philippines, Indonesia, India, Turkey, Iran, UAE, Australia and
South Africa
OFFICERS
At the caption address
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,305 M
PAYMENTS REGULAR CAPITAL Yen 60 M
TREND STEADY WORTH Yen 2,031 M
STARTED 1935 EMPLOYES 186
COMMENT
MFR SPECIALIZING IN MACHINE TOOLS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 80.6 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by father of Koroku Endo in
order to make most of his experience in the subject line of business. Originally started mfg tableware and copper
goods. In 1937 launched into mfg
machine tools. Mfg items range from
metal sawing machines to cable reels, others.
Goods are mostly exported. Has
sales agents worldwide. Domestic
clients include major machine tools
mfrs, wholesalers, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 3,305 million, a 5% up from Yen 3,160 million in the previous term. Exports were robust into China and other S/E Asian countries. Weaker Yen also assisted to raise sales amount in Yen terms. The recurring profit was posted at Yen 354 million and the net profit at Yen 147 million, respectively, compared with Yen 251 million recurring profit and Yen 12 million net profit, respectively, a year ago.
For the current term ending Mar 2008 the net profit is projected
at Yen 150 million, on a 4% rise in turnover, to Yen 3,450 million. Exports continue expanding.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 80.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1935
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4.8
million shares
Issued: 1.2
million shares
Sum: Yen 60 million
Major shareholders (%): Koroku Endo (27), Employees’ S/Holding Assn (25), Yoko Endo (19), Taiyo Kensetsu
(10), Masaei Tano (3)
No. of Shareholders: 23
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures machine tools & accessories
(--100%).
Goods are exported to worldwide destinations, having about
25 sales agents worldwide.
(Manufacturing items): NC
circular metal sawing machines, spring balancers, buff polishing machines, air
hoists, cable & hose reels, self locks, crashing machines, servo-motor type
cable reels, inverter-motor type
cable reels, others.
Clients: [Mfrs, wholesalers] Katsuyama Kikai, Trusco Nakayama,
HRD, Naito, Tsubakimoto Kogyo, Nagahori Shokai, Arakawa Kiko, Nichiden Corp,
other.
Exports to worldwide destinations.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Niigata Brutus, Takahashi
Diecast Ind, Daiichi Seisakusho, Kaji Enterprise, Sagami Seisakusho, Hikari
Densetsu Kogyo, other.
Payment record: Regular
Location: Business area in Tsubame City, Niigata-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Hokuriku Bank (Tsubame)
Shoko Chukin Bank (Niigata)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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3,450 |
3,305 |
3,160 |
2,936 |
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Recur.
Profit |
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354 |
251 |
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Net
Profit |
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150 |
147 |
12 |
103 |
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Total
Assets |
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5,328 |
4,965 |
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Current
Assets |
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2,518 |
2,157 |
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Current
Liabs |
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1,874 |
1,448 |
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Net
Worth |
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2,031 |
1,924 |
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Capital,
Paid-Up |
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60 |
60 |
60 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.39 |
4.59 |
7.63 |
12.02 |
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Current Ratio |
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.. |
134.36 |
148.96 |
.. |
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N.Worth Ratio |
.. |
38.12 |
38.75 |
.. |
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R.Profit/Sales |
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.. |
10.71 |
7.94 |
.. |
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N.Profit/Sales |
4.35 |
4.45 |
0.38 |
3.51 |
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Return On Equity |
.. |
7.24 |
0.62 |
.. |
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Notes: Forecast (or estimated) for the 31/03/2007 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. |
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%)