MIRA INFORM REPORT
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Report Date : |
24.12.2008 |
IDENTIFICATION DETAILS
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Name : |
ORIENTAL CONSULTANTS CO LTD |
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Registered Office : |
Sumitomo Fudosan Nishi-Shinjuku 6th Bldg,
3-12-1 Honmachi Shibuyaku |
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Country : |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
December 1957 |
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Legal Form : |
Limited Company |
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Line of Business : |
General Construction
Consultant |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 602.1 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
Name
ORIENTAL CONSULTANTS CO LTD
REGD NAME
Oriental
Consultants KK
MAIN OFFICE
Sumitomo Fudosan
Nishi-Shinjuku 6th Bldg, 3-12-1 Honmachi Shibuyaku
Tel:
03-6311-7570 Fax: 03-6311-8020
* The given address is its registered
address at: 16-28 Nampeidaicho Shibuyaku Tokyo
URL: http://www.oriconsul.co.jp/
E-Mail
address: webmaster@oriconsul.co.jp
ACTIVITIES
General
construction consultant
BRANCHES
OVERSEAS
OFFICER(S)
AKIHIKO
HIROTANI, PRES Toshihiko Chiba, rep
dir
Ryoichi
Shimojima, dir Chitose
Ojima, dir
Hidenori
Nozaki, dir Shigeru
Aoki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 15,348 M
PAYMENTS REGULAR CAPITAL Yen 500 M
TREND STEADY WORTH Yen
5,503 M
STARTED 1957 EMPLOYES 528
COMMENT
GENERAL
CONSTRUCTION CONSULTANT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 602.1 MILLION, 30 DAYS NORMAL TERMS
Notes:
Forecast figures for the 30/09/2008 fiscal term
HIGHLIGHTS
The subject company is a general construction consulting service firm for a wide range of projects, mainly handling public-sector orders from government ministries/agencies. In Aug 2006, moved to holding company system, forming ACKG Ltd, and became its consolidated subsidiary. Due to decline in public-sector projects the firm is diversifying its operations aggressively into private-sector businesses.
FINANCIAL INFORMATION
The sales volume for Sept/2007 fiscal term amounted to Yen 15,348 million, a 5.5% up from Yen 14,552 million in the previous term. This was thanks to increased overseas projects consulting. The recurring profit was posted at Yen 406 million and the net profit at Yen 495 million, respectively, compared with Yen 432 million recurring profit and Yen 179 million net profit, respectively, a year ago. Profits improvement includes extraordinary profits of Yen 495 million.
For the term that ended Sept 2008 the recurring profit was projected at Yen 400 million and the net profit at Yen 165 million, respectively, on a 2.3% fall in turnover, to Yen 15,000 million. Final financials are yet to be released. Public-sector orders decreased. Extraordinary profits are gone.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 602.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1957
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4
million shares
Issued: 1
million shares
Sum: Yen 500.095
million
Major shareholders (%): ACKG Ltd, founded 2008, listed
on the JASDAQ, capital Yen 503 million, sales Yen 22,763 million, net profit
Yen 653 million, total assets Yen 18,754 million, net worth Yen 5,393 million,
employees 1,345, pres Akihiko Hirotani, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: General construction consulting
service: infrastructure management service (80%), consultation (18%), others
(2%).
(Services
offered): Research, surveying, planning, designing and construction
supervision for projects; development of new technology via construction
project work; development of technologies & information management systems
for effective computer applications; contract management for civil,
architectural, landscaping & agricultural engineering; administration &
management of real estate, other.
(Projects
areas): Civic design, bridges, roads, tunnels, seismic design,
railways, common ducts & cab systems, transportation planning, urban &
regional planning, environment, information technology, construction management
& supervision, river & erosion control, ports/harbor/airports, private
finance initiative, facility management, overseas projects, sewage, other.
Clients: Government ministries/agencies,
municipal offices, constructors, other
No. of accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: Mfrs, consultants, construction
firms, other
Payment record:
Regular
Location: Business area in
Bank References:
SMBC
(Tokyo-Chuo)
MUFG
(Marunouchi)
Relations:
Satisfactory
FINANCES: (In Million Yen)
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
30/09/2007 |
30/09/2006 |
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INCOME STATEMENT |
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Annual Sales |
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15,348 |
14,552 |
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Cost of Sales |
11,224 |
10,371 |
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GROSS PROFIT |
4,123 |
4,181 |
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Selling & Adm Costs |
3,796 |
3,765 |
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OPERATING PROFIT |
326 |
415 |
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Non-Operating P/L |
80 |
17 |
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RECURRING PROFIT |
406 |
432 |
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NET PROFIT |
495 |
179 |
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BALANCE SHEET |
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Cash |
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813 |
788 |
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Receivables |
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1,275 |
1,231 |
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Inventory |
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2,066 |
1,555 |
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Securities, Marketable |
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Other Current Assets |
999 |
1,274 |
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TOTAL CURRENT ASSETS |
5,153 |
4,848 |
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Property & Equipment |
743 |
800 |
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Intangibles |
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412 |
416 |
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Investments, Other Fixed Assets |
2,240 |
1,767 |
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TOTAL ASSETS |
8,548 |
7,831 |
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Payables |
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786 |
660 |
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Short-Term Bank Loans |
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Other Current Liabs |
2,098 |
1,766 |
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TOTAL CURRENT LIABS |
2,884 |
2,426 |
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Debentures |
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Long-Term Bank Loans |
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Reserve for Retirement Allw |
146 |
228 |
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Other Debts |
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14 |
14 |
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TOTAL LIABILITIES |
3,044 |
2,668 |
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MINORITY INTERESTS |
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Common
stock |
500 |
500 |
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Additional
paid-in capital |
261 |
261 |
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Retained
earnings |
4,739 |
4,392 |
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Evaluation
p/l on investments/securities |
1 |
8 |
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Others |
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2 |
2 |
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Treasury
stock, at cost |
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TOTAL S/HOLDERS` EQUITY |
5,503 |
5,163 |
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TOTAL EQUITIES |
8,548 |
7,831 |
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ANALYTICAL RATIOS Terms ending: |
30/09/2007 |
30/09/2006 |
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Net
Worth (S/Holders' Equity) |
5,503 |
5,163 |
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Current
Ratio (%) |
178.68 |
199.84 |
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Net
Worth Ratio (%) |
64.38 |
65.93 |
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Recurring
Profit Ratio (%) |
2.65 |
2.97 |
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Net
Profit Ratio (%) |
3.23 |
1.23 |
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Return
On Equity (%) |
9.00 |
3.47 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.68.44 |
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%)