MIRA
INFORM REPORT
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Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MATSUI GAMING MACHINE CO LTD |
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Registered Office : |
Hiroo Bldg, 2-1-15 Hiroo Shibuyaku |
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Country : |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
Aug 1980 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing of casino
equipment & accessories |
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 38.4 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
MATSUI GAMING MACHINE CO LTD
REGD NAME
KK Matsui Gaming
Machine
MAIN OFFICE
Hiroo Bldg, 2-1-15
Hiroo Shibuyaku
Tel : 03-5467-5211
Fax : 03-5467-5217
URL : http://www.matsui-gaming.co.jp
E-Mail
address: sales@matsui-gaming.co.jp
ACTIVITIES
Mfg of
casino equipment & accessories
BRANCHES
OVERSEAS
(Affiliates): MGM World Co Ltd (
FACTORY(IES)
OFFICERS
TAKASHI
MATSUI, PRES Tadashi
Mita, s/mgn dir
Makiko
Ohta, s/mgn dir Naoto
Mori, mgn dir
Masao
Kitai, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,124 M
PAYMENTS REGULAR CAPITAL Yen 55 M
TREND SLOW WORTH Yen
420 M
STARTED 1980 EMPLOYES 64
COMMENT
MFR OF CASINO EQUIPMENT & SUPPLIES. 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 by Takashi Matsui in order
to make most of his experience in the subject line of business. This is a specialized mfr of casino equipment
and accessories. Goods are mfr’d in
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for Jul/2006 fiscal term amounted to Yen 2,124 million, a 3% down from Yen 2,184 million in the previous term. The net profit was posted at Yen 31 million, down from Yen 33 million a year ago.
For the term ended Jul 2007 the net profit is believed posted
at Yen 33 million, on a 4% rise in turnover, to Yen 2,200 million. New orders are heard received for
The financial situation is considered maintained 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: Aug 1980
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 440,000 shares
Issued: 110,000 shares
Sum: Yen 55 million
Major shareholders (%): Takashi
Matsui (50%)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Manufactures Casino equipment & accessories (--100%).
(Handling Items): table gaming equipment, chips, playing cards, roulette wheels, card shredders, layouts, gaming chips, Casino theme ashtrays, gaming chairs, uniforms, shoes, other accessories.
Goods
are both imported and exported.
Clients: [Mfrs, game playing centers, toy shops] Coca Cola Japan, Jokers, KBC Ins, Tokyo Hands, Round One Corp, Kawada Co, Tenyo Co, Maric Corporation, Toys”R”US Japan, other.
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] MGM World, Angel Shoji, Chuo Woolen Mills, Shimomura Seiko, other.
Imports
from
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Higashi-Ebisu)
Resona
Bank (Nakameguro)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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2,200 |
2,124 |
2,184 |
2,232 |
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Recur.
Profit |
(*) |
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166 |
177 |
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Net
Profit |
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33 |
31 |
33 |
74 |
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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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420 |
389 |
356 |
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Capital,
Paid-Up |
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55 |
55 |
55 |
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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 |
3.58 |
-2.75 |
-2.15 |
0.40 |
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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 |
1.50 |
1.46 |
1.51 |
3.32 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/07/2007 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. |
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%)