MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
NIPPON
NIST CO LTD |
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Registered Office : |
7-9-1
Oonuma Kasukabe Saitama-Pref 344-0038 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
April
2004 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer
of Storage Heater |
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 3.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
NIPPON
NIST CO LTD
REGD
NAME: Nippon Nist KK (Nist is pronounced
as “Naisuto”)
MAIN
OFFICE: 7-9-1 Oonuma Kasukabe
Saitama-Pref 344-0038 JAPAN
Tel: 048-731-0311 Fax: 048-731-0300
* Head Office moved from
the former: 605 Fudoinno Kasukabe, as given
URL: http://www.nippon-nist.com
E-mail: info@nippon-nist.com
ACTIVITIES
Mfg
of storage heater
BRANCH(ES)
Tokyo
(Operation headquarters), Sendai, Hirosaki
FACTORY (IES)
Miyashiro
(Saitama)
OFFICER(S)
KAZUO
YAMAMOTO, PRES
Tsutomu
Ishikawa, dir
Yoshio
Hanawa, dir
Tomoo
Konno, dir
Yen Amount
In
million Yen, otherwise stated.
SUMMARY
FINANCES FAIR A/SALES Yen
201 M
PAYAMENTS REGULAR CAPITAL Yen
13 M
TREND UNDETD WORTH Yen 10 M
STARTED
2004 EMPLOYS
10
COMMENT
MFR
OF STORAGE HEATER.
FINANCIALS
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT
YEN
3.2 MILLION, 30 DAYS NORMAL TERMS.
HILIGHTS
The
subject company was established by Kazuo Yamamoto in order to make most of his
experience in the subject line of business.
Specializes in mfg storage heating equipment, panel heaters, duct
heaters, other heating equipment. Goods
are also imported.
FINANCIAL INFORMATION
The sales
volume for Mar/2007 fiscal term amounted to Yen 201 million, a 51% up from Yen
133 million in the previous term.
Business networks expanded, thanks to reviving housing markets. The net profit was posted at Yen 4 million,
up from Yen 1 million a year ago.
For the
term just ended Mar 2008 the net profit was projected at Yen 5 million, on a
14% rise in turnover, to Yen 230 million.
The
financials situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 3.2 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Apr 2004
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 260 shares
Sum: Yen 13 million
Major shareholders(%)
Yamamoto
(100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities:
Manufactures, imports and exports storage heaters, floor heating system, panel
heaters, duct heaters, other home heating systems (--100%)
Clients
[Mfrs, wholesalers] Shinryo Corp, JFE
Electrical & Control Systems, Matsuda Sangyo,
Seiwa Pro Co, Sanden Corp, other.
No. of account
00
Domestic areas of activities
Centered
in greater-Tokyo
Suppliers
[Mfrs,
wholesalers] Sakurada Inc, Microtherm Japan, Krosaki Harima Corp, Kentech Co,
Shinko Electric Ind, other.
Imports
from Shuler Benz, Wuled, other.
Payment record
Regular
Location
Business
area in Tokyo (Tokyo Headquarters). Office
premises at the caption address are leased and maintained satisfactorily.
Bank Reference
Musashino Bank (Sugito-Takanodai)
Saitama Resona Bank (Kasukabe)
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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230 |
201 |
133 |
67 |
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Recur.
Profit |
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Net
Profit |
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5 |
4 |
1 |
0 |
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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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18 |
14 |
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Capital,
Paid-Up |
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13 |
13 |
13 |
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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 |
14.43 |
51.13 |
98.51 |
-- |
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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 |
2.17 |
1.99 |
0.75 |
0.00 |
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Notes:
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%)