MIRA
INFORM REPORT
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Report Date : |
23.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
N S METAL CO LTD |
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Registered Office : |
Honmachi-Mido Park Bldg 6F, 4-2-12 Kitakyuhojimachi Chuoku Osaka
541-0057 |
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Country : |
Japan |
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Date of Incorporation : |
November, 1982 |
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Financial as on : |
31.03.2008 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export, Wholesale of Bolts
& Nuts |
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 35.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name of the company
N S METAL CO LTD
REGD NAME: N S Metal KK
MAIN OFFICE
Honmachi-Mido Park Bldg 6F, 4-2-12 Kitakyuhojimachi Chuoku Osaka
541-0057 JAPAN
Tel: 06-6281-0330 Fax: 06-6281-0338
URL
ACTIVITIES
Import, export, wholesale of bolts & nuts
BRANCHES
Nil
OFFICER(S)
YUTAKA TOI, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,813 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY
WORTH Yen 210 M
STARTED 1982 EMPLOYES 9
COMMENT
TRADING FIRM SPECIALIZING IN BOLTS & NUTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 35.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established on the basis of a trading division separated
from Hamanaka Nut Mfg Co Ltd, mfg of bolts & nuts, Hyogo-Pref (See
REGISTRATION). This is a trading firm
specializing in import, export and wholesale of bolts & nuts. Goods are imported and exported. Imports from China, Taiwan, Korea, Malaysia.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Mar/2007 fiscal term amounted to Yen 1,813 million, a 20% up
from Yen 1,506 million in the previous term.
Exports expanded. The net profit
was posted at Yen 43 million, up from Yen 23 million a year ago.
For
the current term ending Mar 2008 the net profit is projected at Yen 45 million,
on a 10% rise in turnover, to Yen 2,000 million. Business is seen continuing expanding.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 35.1 million, on 30 days normal terms.
REGISTRATION
Date Registered:Nov 1982
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%)
Hamanaka Nut Mfg Co Ltd*(100)
* Mfr of bolts & nuts,
Hyogo-Pref, founded 1964, capital Yen 25 million, turnover Yen 4,250 million, net profit Yen 422 million,
employees 89, pres Shigenobu Hamanaka
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports, exports and wholesales bolts & nuts
(--100%).
Clients
[Mfrs, wholesalers] Takashima, Kantas Co, Konoe, Daiichi
Bolt, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Imports from
China, Taiwan, Korea, Malaysia, other.
Payment record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Osaka-Nishi)
MUFG (Osaka)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual Sales |
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2,000 |
1,813 |
1,506 |
1,268 |
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Recur. Profit |
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Net Profit |
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45 |
43 |
23 |
21 |
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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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210 |
167 |
144 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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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 |
10.31 |
20.39 |
18.77 |
30.99 |
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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 |
2.25 |
2.37 |
1.53 |
1.66 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2008 fiscal
term.
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%)