MIRA
INFORM REPORT
|
Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PMR JAPAN INC |
|
|
|
|
Registered Office : |
U & M Akasaka Bldg B1F, 7-5-47 Akasaka Minatoku Tokyo 107-0052 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2007 |
|
|
|
|
Date of Incorporation : |
March 1994 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, Wholesale of Road Safety Equipment |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
YEN 1.2 Million |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
name & address
PMR JAPAN INC
REGD NAME: KK Nihon PMR
MAIN OFFICE: U & M Akasaka Bldg B1F, 7-5-47 Akasaka
Minatoku Tokyo 107-0052 JAPAN
Tel:
03-3505-2301 Fax: 03-3505-2301
URL: N/A
ACTIVITIES
Import, wholesale of road safety equipment
BRANCHES
Nil
OFFICER(S)
UJIYASU KONOMI, PRES
Yen
Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 68 M
PAYMENTS UNKNOWN CAPITAL Yen
10 M
TREND UP WORTH Yen 19 M
STARTED 1994 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN ROAD SAFETY EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 1.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Ujiyasu Konomi in order to make most of his
experience in the subject line of business.
This is a trading firm for import and wholesale of road safety
equipment, as agent for Energy Absorption Systems Inc, USA. Goods are shipped to national road &
prefectural road agencies. Business is
seen rather slackened due to decreased physical distribution by trucks affected
by recent financial crisis world over.
FINANCIAL INFORMATION
The
sales volume for Sept/2007 fiscal term amounted to Yen 68 million, a 36% rise
from Yen 50 million in the previous term.
Demand for road safety equipment rose from truckers. The net profit was posted at Yen 2 million,
compared with Yen 1 million a year ago.
.
For
the term that ended Sept 2008 the net profit was projected at Yen 2 million, on
a 4% fall in turnover, to Yen 65 million.
Demand peaked. Physical
distribution movement slowed due to downturn of economic activities.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 1.2 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Mar 1994
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%)
Michiko Tateishi (majority
owned), Ujiyasu Konomi
No. of
shareholders: 2
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales road safety
equipment: crash cushion systems, impact attenuators, truck mounted
attenuators, others (--100%).
Clients
National & municipal road
corporations
No. of accounts: 50
Domestic areas of activities: Nationwide
Suppliers
[Mfrs] Imports from Energy Absorption Systems Inc, USA
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Akasaka)
Relations: Satisfactory
FINANCES: (In Million Yen)
|
Terms Ending: |
|
30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
|
Annual
Sales |
|
65 |
68 |
50 |
50 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
2 |
2 |
1 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
19 |
17 |
16 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
-4.41 |
36.00 |
0.00 |
-33.33 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
3.08 |
2.94 |
2.00 |
2.00 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2008 fiscal
term.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.71 |
|
UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)