MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALISPED JAPAN LTD |
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Registered Office : |
Nozawa Bldg 4F, 9-8 Ichibancho Chiyodaku Tokyo 102-0082 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
September, 1998 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
International Freight
Forwarder (Sea/Air/Land) |
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 31.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
Name
ALISPED JAPAN LTD
REGD NAME
KK Alisped Japan
MAIN OFFICE
Nozawa Bldg 4F, 9-8 Ichibancho Chiyodaku Tokyo 102-0082 JAPAN
Tel: 03-3511-2831 Fax:
03-3511-2835
URL: http://www.alisped.co.jp/
E-Mail address:Tokyo@alisped.co.jp
ACTIVITIES
International freight forwarder
(Sea/Air/Land)
BRANCHES
Osaka; IATA & FIATA approved cargo agent
OFFICER(S)
DAIICHIRO NITTA, PRES
Shinnosuke Nitta, dir
Takayuki Yoshiyuki, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,600 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen 239 M
STARTED 1998 EMPLOYES 22
COMMENT
INTERNATIONAL FREIGHT FORWARDER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 31.5 MILLION, 30 DAYS NORMAL
TERMS
HIGHLIGHTS
The subject company was established by Alisped SPA, Italy, as its freight forwarding agent. This is a freight forwarder of sea/land/air, offering port-storage, warehousing, distribution, customs clearance, other. The Italian parent has 6 offices in Italy, covering all over the world: Europe, USA, Asia, other, with 9 offices in China alone. The subject is now owned by Daiichiro Nitta. Clients include major general trading firms.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2007 fiscal term amounted to Yen 1,600 million, a 15% down from Yen 1,880 million in the previous term. Higher EURO against Yen reduced freight cargoes, as clients chose to use freight-wise cheaper non-European lines. The net profit was posted at Yen 3 million, up from Yen 2 million a year ago.
For the current term ending Dec 2008 the net profit is projected at Yen 3 million, on a 13% rise in turnover, to Yen 1,800 million. Business is seen steady recovering.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max credit limit is estimated at Yen 31.6
million, on 30 days normal terms.
REGISTRATION
Date
Registered: Sept 1998
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
1,000 shares
Issued:
1,000 shares
Sum: Yen 50 million
Major shareholders (%): Daiichiro Nitta (90)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities:
International freight forwarder covering sea/land/air, offering
port-storage, ware- housing,
distribution, logistics-freight forwarding, other related services (--100%).
Agent for: IATA & FIATA
(Service
details): cargo consolidation/distribution, door-to-door delivery, in
house customs, in house
palletization, warehousing, packing, logistics, other related services.
Clients
[Mfrs, wholesalers] Link International (15%), CBC (10%), Mitsui & Co (10%), Itochu Corp (10%), other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Ship lines, airlines, agents, freight forwarders] Alisped
SPA, Japan Van Lines, AC System,
Nissin Corp, Aliex, other.
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Sasazuka)
SMBC (Kojimachi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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1,800 |
1,600 |
1,880 |
1,399 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
2 |
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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239 |
236 |
234 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
12.50 |
-14.89 |
34.38 |
16.58 |
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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 |
0.17 |
0.19 |
0.11 |
0.14 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2008 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.37 |
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UK Pound |
1 |
Rs.84.01 |
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Euro |
1 |
Rs.65.96 |
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%)