MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TM INTERNATIONAL CO LTD |
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Registered Office : |
Yamano Bunka Bldg 2F, 2-31-11 Kamo Takaishi Osaka-Pref 592-0011 |
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Country : |
Japan |
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Date of Incorporation : |
July, 2001 |
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Com. Reg. No.: |
1201-02-006746 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Export of construction equipment (used) |
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 1.8 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name of the company
TM INTERNATIONAL CO LTD
REGD NAME: YK T M International
MAIN OFFICE
Yamano Bunka Bldg 2F, 2-31-11 Kamo Takaishi Osaka-Pref 592-0011 JAPAN
Tel: 090-875-29215 (Handy Phone)
Fax: 072-265-6501
URL
E-Mail address
tm-intl@hera.eonet.ne.jp
ACTIVITIES
Export of construction equipment (used)
BRANCHES
Nil
OFFICER(S)
TOMOAKI YAMANO, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 100 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen 15 M
STARTED 2001 EMPLOYES 1
COMMENT
EXPORTER OF USED CONSTRUCTION EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS
NORMAL TERMS, RECOMMENDING SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by
Tomoaki Yamano in order to make most of his experience in the subject line of
business. This is a one-man operated
trading firm specializing in export of used heavy equipment for construction,
logging, earth moving, etc. Goods are
supplied from major construction machinery makers and shipped mainly to Mid
East.
FINANCIAL INFORMATION
Financials are not disclosed as usual with a
family company. We have collected the
following figures from T Yamano himself.
No other database has any such figures.
So the figures are not verified from outside sources.
The sales volume for Dec/2006 fiscal term
amounted to Yen 100 million, a 10% up from Yen 90 million in the previous term,
T Yamano says. Exports of used
equipment increased. The net profit
remained similar at Yen 2 million.
For the term just ended Dec 2007 the net
profit is believed posted at Yen 2 million, on a 10% rise in turnover, to Yen
110 million. Weaker Yen should have
contributed to raise sales in Yen terms.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1.8
million, on 30 days normal terms. We
recommend secured terms on new transactions.
This is because the financials are only professed by the president and
not verified from outside sources.
REGISTRATION
Date Registered : Jul 2001
Legal Status :
Private Limited Company (Yugen Gaisha)
Regd No. :
1201-02-006746 (Osaka)
Regd Capital : Yen
3 million
Major shareholders (%)
Tomoaki Yamano (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Exports used heavy equipment
& machinery for construction, logging, earth moving, others (--100%).
(Handling items):
Excavators, bulldozers, wheel loaders, motor
graders, trucks, shovels, other.
Clients
[Construction firms, wholesalers] Exports to
Mid East mainly, other to China, etc.
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers
[Construction machinery mfrs] Mitsubishi
Heavy Ind, Kobe Steel, other.
Payment record: Regular
Location
Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
SMBC (H/O)
Relations: Money deposits & transfers only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
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%)