MIRA
INFORM REPORT
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Report Date : |
09.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ACI CO LTD |
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Registered Office : |
5-5-2 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Mar 2000 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Packaging, filling services of
dried foods, others |
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. |
Small |
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Maximum Credit Limit : |
Yen 2 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
ACI CO LTD
REGD NAME
ACI KK
MAIN OFFICE
5-5-2
Tel : 0564-28-3639
Fax : 0564-28-3649
URL : N/A
ACTIVITIES
Packaging,
filling services of dried foods, others
BRANCHES
Nil
FACTORY(IES)
At the
caption address
OFFICERS
SHIGERU
NAKANE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 160 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
17 M
STARTED 2000 EMPLOYES 5
COMMENT
FOOD PACKAGING & FILLING SERVICE PROVIDER. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 2 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Shigeru Nakane in order to make most of his experience in the subject line of business. The firm provides packaging & filling services for dried foods, instant foods, others. Clients are food processors, food mfrs, other.
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen 160 million, an 11% down from Yen 180 million in the previous term. The net profit was posted at Yen 2 million, up from Yen 1 million a year ago.
For the current term ending Mar 2008 the net profit is projected at Yen 2 million, on a 6% rise in turnover, to Yen 170 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 2 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Mar 2000
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Shigeru Nakane (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Packaging and filling services for dried foods, instant foods, others (--100%).
Clients: [Food processors] Cosmos Foods (10%), Asuzak Foods, Ohta Oil Mills, Marusan-Ai Corp, Asahimatsu Foods, other.
No. of
accounts: 300
Domestic
areas of activities: Centered in Aichi-Pref & vicinities.
Suppliers: [Mfrs, wholesalers] Cosmos Foods, Asuzak Foods, Asahimatsu Food, Ohta Oil Mills, other.
Payment
record: Regular
Location: Business area in
Bank References
Bank
of
Okazaki
Shinkin Bank (Hina)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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170 |
160 |
180 |
180 |
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Recur.
Profit |
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Net
Profit |
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2 |
2 |
1 |
2 |
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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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17 |
15 |
14 |
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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 |
6.25 |
-11.11 |
0.00 |
20.00 |
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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 |
1.18 |
1.25 |
0.56 |
1.11 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/03/2008 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%)