MIRA
INFORM REPORT
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Report Date : |
21.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
NAKAUMI INDUSTRIES CO LTD |
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Registered Office : |
1-5-43 Sakaigawa Nishiku Osaka 550-0024 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
June 1961 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Bolts and Nuts, Screws |
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 40.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
NAKAUMI INDUSTRIES
CO LTD
REGD NAME: Nakaumi Kogyo KK
MAIN OFFICE: 1-5-43 Sakaigawa Nishiku Osaka 550-0024 JAPAN
Tel:
06-6581-3014 Fax: 06-6581-3173
* The given
phone numbers are those of its Factory in Kishiwada City, Osaka
URL: N/A
ACTIVITIES
Mfg of bolts & nuts, screws
BRANCHES
Nil
FACTORY(IES)
Kishiwada (3)
OFFICER(S)
Miyoko Ochiumi, ch
NAOTO OCHIUMI, PRES
Zen’ichi Nabetani, s/mgn dir
Koji Tanaka, mgn dir
Toshio Takahashi, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,313 M
PAYMENTS REGULAR CAPITAL Yen 34 M
TREND STEADY WORTH Yen 452 M
STARTED 1961 EMPLOYES 42
COMMENT
MFR OF BOLTS & NUTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 40.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by K Ochiumi in order to make most of his experience in the subject line of business. Miyoko, now ch, is his widower, and Naoto is his son, who took the pres office in Apr 1986. This is a specialized mfr of bolts & nuts, screws, other. Products are exported.
FINANCIAL INFORMATION
The sales volume for Dec/2007 fiscal term amounted to Yen 2,313 million, a 23% up from Yen 1,879 million in the previous term. Material prices hike contributed. Exports to China and S/E Asian countries were robust. The recurring profit was posted at Yen 157 million and the net profit at Yen 92 million, respectively, compared with Yen 128 million recurring profit and Yen 69 million net profit, respectively, a year ago.
For the current term ending Mar 2008 the recurring profit is projected at Yen 160 million and the net profit at Yen 95 million, on a 6% rise in turnover, to Yen 2,450 million. Business is seen steady and expanding with exports rising.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 40.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1961
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 276,000 shares
Issued: 69,000 shares
Sum: Yen 34.5 million
Major shareholders (%)
Naoto Ochiumi (44), Sanyu KK (17), Yoko Taniguchi (6), Shoichiro Ochiumi (5), Miyoko Ochiumi (4)
No. of shareholders: 13
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures and exports bolts & nuts, screws, others (--100%).
Clients
Mfrs, wholesalers, other
Exports to China, other S/E Asian countries
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Hanwa Corp, Honda Shoten, Sanyu Co, Kanehira Steel, other
Payment record
Regular
Location
Business area in Osaka. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
Kinki Osaka Bank (Kujo)
MUFG (Kujo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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2,450 |
2,313 |
1,879 |
1,680 |
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Recur.
Profit |
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160 |
157 |
128 |
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Net
Profit |
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95 |
92 |
69 |
62 |
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Total
Assets |
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1,894 |
1,727 |
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Current
Assets |
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1,263 |
1,103 |
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Current
Liabs |
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513 |
401 |
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Net
Worth |
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452 |
363 |
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Capital,
Paid-Up |
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34 |
34 |
34 |
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Div.P.Share(¥) |
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50.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.92 |
23.10 |
11.85 |
1.14 |
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Current Ratio |
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.. |
246.20 |
275.06 |
.. |
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N.Worth Ratio |
.. |
23.86 |
21.02 |
.. |
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R.Profit/Sales |
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6.53 |
6.79 |
6.81 |
.. |
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N.Profit/Sales |
3.88 |
3.98 |
3.67 |
3.69 |
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Return On Equity |
.. |
20.35 |
19.01 |
.. |
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Notes: Forecast (or estimated) figures for the 31/12/2008
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.42.71 |
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UK Pound |
1 |
Rs.85.11 |
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Euro |
1 |
Rs.67.73 |
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%)