MIRA
INFORM REPORT
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Report Date : |
29.12.2008 |
IDENTIFICATION DETAILS
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Name : |
IMEX PRINT SOLUTIONS CO LTD CO LTD |
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Registered Office : |
11-25 |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
April 2002 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Copying Service |
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 1.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
IMEX PRINT SOLUTIONS CO LTD CO LTD
REGD NAME: KK
Imex Print Solution
MAIN OFFICE: 11-25
Daikancho
Tel:
0463-23-0012 Fax: 0463-23-1239
E-Mail address: jps@imex-ps.jp
ACTIVITIES
Copying
service
BRANCHES
Nil
OFFICER(S)
TOSHIMITSU
HAYASHI, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 62 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND STEADY WORTH Yen
48 M
STARTED 2002 EMPLOYES 2
COMMENT
COPYING
SERVICE, WHOLLY OWNED BY IMEX CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
1.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a
copying service division separated from Imex Co Ltd, mfr of copier tonner, at
the caption address (See REGISTRATION). Toshimitsu Hayashi is concurrently director
at the parent. This is a trading firm
offering copying services for paper, T-shirts, fiber towel, other. Also handles recycled cartridges &
tonners. Clients are local business
firms, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2008 fiscal term amounted to Yen 62
million, a similar amount in the previous term.
Business is seen steady. The net
profit was posted at Yen 2 million, unchanged from the previous year.
For the current term ending Mar 2009 the net profit is
projected at Yen 1 million, on a 3% fall in turnover, to Yen 60 million.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements. Max credit limit is estimated at Yen 1.2
million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 2002
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 3,200
shares
Issued: 800
shares
Sum: Yen 40
million
Major shareholders (%)
Imex
Co Ltd*(100)
* Mfr of tonners/cartridges for copying machines, founded 1982,
capital Yen 384 million, turnover Yen 8,522 million, recurring profit Yen 286
million, net profit Yen 68 million, total assets Yen 7,815 million, employees
140, pres Akira Kitaoka
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Offers copying % printing services
for paper, T-shirts, fiber towels, visiting cards, envelopes, post-cards, also
sells recycled cartridge/tonners (--100%).
Clients
Business firms, printing firms,
consumers, other
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imex Co Ltd, Askul,
Stationer’s shops, other.
Payment record:
Regular
Location:
Business area in Hiratsuka-City, Kanagawa-Pref.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Bank
of
Hiratsuka
Shinkin Bank (Minamiguchi)
Relations:
Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2009 |
31/03/2008 |
31/03/2007 |
31/03/2006 |
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Annual
Sales |
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60 |
62 |
62 |
60 |
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Recur.
Profit |
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Net
Profit |
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1 |
2 |
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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48 |
46 |
44 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
-3.23 |
0.00 |
3.33 |
15.38 |
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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 |
1.67 |
3.23 |
3.23 |
3.33 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2009 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.48.76 |
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1 |
Rs.71.68 |
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Euro |
1 |
Rs.69.17 |
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%)