MIRA
INFORM REPORT
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Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE PILOT & CO LTD |
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Registered Office : |
Denso Bldg 4F, 5-5-3 Haneda Ohtaku Tokyo 144-0043 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
May 1976 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Aircraft Parts and Components |
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 10.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
THE PILOT & CO
LTD
REGD NAME: Pilot KK
MAIN OFFICE: Denso Bldg 4F, 5-5-3 Haneda Ohtaku Tokyo
144-0043 JAPAN
Tel:
03-3744-6821 Fax: 03-3741-6610
URL: http://www.pilot-avi.co.jp/
E-Mail
address: info@pilot-avi.co.jp
ACTIVITIES
Import, wholesale of aircraft parts & components
BRANCHES
Haneda Airport
OFFICER(S)
TAKASHI
UCHINOMURA, PRES
Kazuya Muroi, v
pres
Noboru Usui, v
pres
Daisuke Iwata, dir
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,405 M
PAYMENTS REGULAR CAPITAL Yen
18 M
TREND STEADY WORTH Yen
84 M
STARTED 1976 EMPLOYES 38
COMMENT
IMPORTER & WHOLESALER SPECIALIZING IN AIRCRAFT PARTS
& COM PONENTS.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 10.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Takashi Uchinomura originally in 1970, on
his account. This is a trading firm
specializing in importing and wholesaling aircraft parts, equipment &
components. Goods are imported from USA
mainly. Clients include Ministry of
Defense.
FINANCIAL INFORMATION
The
sales volume for Mar/2008 fiscal term amounted to Yen 2,405 million, a 30% up
from Yen 1,844 million in the previous term.
Supply to the Ministry of Defense for military-use parts &
components increased. The net profit
was posted at Yen 17 million, compared with Yen 2 million a year ago. .
For
the current term ending Mar 2009 the net profit is projected at Yen 18 million,
on a 4% rise in turnover, to Yen 2,500 million. Aerospace parts & equipment will be steadily increasing to
Ministry of Defense.
The financial situation is considered
FAIR and good for ORDINARY business engagements. Max credit limit is estimated
at Yen 10.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1976
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 144,000
shares
Issued: 36,000
shares
Sum: Yen
18 million
Major shareholders (%)
Takashi Uchinomura (23), Kazuya
Muroi (23), Daisuke Iwata (20), Noboru Usui (18)
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales aircraft
parts, components, military-use aircraft parts & components, others
(--100%).
Clients
[Airlines, ministry] All Nippon
Airways, ANA Business Create, All Nippon Airways Trading, Jamco Corp, Tokyo Aircraft
Instruments, Sky Net Asia Airlines, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Max Aerospace, Flight Craft, ANA Trading Corp
(USA). Bunshodo Corp, other.
Payment
record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Omori)
MUFG (Haneda)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2009 |
31/03/2008 |
31/03/2007 |
31/03/2006 |
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Annual
Sales |
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2,500 |
2,405 |
1,844 |
1,883 |
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Recur.
Profit |
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32 |
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8 |
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Net
Profit |
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18 |
17 |
2 |
3 |
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Total
Assets |
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1,365 |
1,045 |
997 |
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Current
Assets |
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1,182 |
|
828 |
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Current
Liabs |
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|
1,024 |
|
718 |
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Net
Worth |
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84 |
64 |
71 |
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Capital,
Paid-Up |
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|
18 |
18 |
18 |
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Div.P.Share(¥) |
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|
25.00 |
25.00 |
25.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.95 |
30.42 |
-2.07 |
4.61 |
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Current Ratio |
|
.. |
115.43 |
.. |
115.32 |
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N.Worth Ratio |
.. |
6.15 |
6.12 |
7.12 |
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R.Profit/Sales |
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.. |
1.33 |
.. |
0.42 |
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N.Profit/Sales |
0.72 |
0.71 |
0.11 |
0.16 |
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Return On Equity |
.. |
20.24 |
3.13 |
4.23 |
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Notes: Forecast (or estimated) figures for the 31/03/2009
fiscal term.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)