MIRA
INFORM REPORT
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Report Date : |
24.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NIKKO CO LTD |
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Registered Office : |
3-31 Kioicho Chiyodaku Tokyo 102-0094 |
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Country : |
Japan |
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Date of Incorporation : |
September 2007 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export, Wholesale of Radio-Controlled Toy Cars |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
NIKKO CO LTD
REGD NAME: KK Nikko
MAIN OFFICE: 3-31 Kioicho Chiyodaku Tokyo 102-0094 JAPAN
Tel:
03-3620-3151* Fax: 03-3620-3178*
* Tel/Fax
Nos. of the parent, Nikko Co Ltd
URL: http://www.nikko-group.com (of the
parent, Nikko Co Lt)
E-Mail address: sales@nikko-group.com
ACTIVITIES
Import, export, wholesale of radio-controlled toy cars
BRANCHES
Nil
FACTORY
(Manufactured by the parent)
OFFICER(S)
YUJI HATTORI, PRES*
* Concurrently
press at the parent.
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 1 M
TREND UNDETD WORTH Yen 1 M**
STARTED 2007 EMPLOYES 2
*
Sales target for the initial one year term.
** Expressed by the paid-up capital.
COMMENT
TRADING FIRM SPECIALIZING IN TOYS, OWNED BY NIKKO CO LTD. BOTH FINANCIALS SITUATION NOT DETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS BY THE STRENGTH OF THE PARENT, NIKKO CO LTD.
MAX CREDIT LIMIT OF THE PARENT: YEN 50.2 MILLION, 30 DAYS NORMAL TERMS. ANY CREDITS TO BE EXTENDED ARE RECOMMENDED WITH THIS LIMIT PROVIDED GUARANTEE/SECURITY OFFERED FROM THE PARENT.
HIGHLIGHTS
The subject company was established on the basis of an international trading division separated from Nikko Co Ltd, mfg of radio-controlled toy cars, Tokyo to engage in import & export businesses. Yuji Hattori is concurrently pres at the parent. This is a trading firm for import and export of radio-controlled toy cars, others, the products of the parent. Covers the worldwide areas, where the parent operates factories.
FINANCIAL INFORMATION
The sales volume for the initial one year term is projected at Yen 100 million (sales commission only), on a breakeven profit basis. Net profit is expressed by the paid-in capital of Yen 1 million.
Both the financial situation and business trends are not determined due to the recent inception but should be good for MODERATE business engagements by the financial strength of the parent, Nikko Co Ltd. Max credit limit of the parent is estimated at Yen 50.2 million, on 30 days normal terms. All & any credits to be extended to the subject firm are recommended with full guarantee from the parent.
REGISTRATION
Date Registered: Sept 2007
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80 shares
Issued: 20 shares
Sum: Yen 1 million
Major shareholders (%): Nikko Co Ltd*(100)
* Nikko Co Ltd, at 5-15-15 Kameari Katsushikaku Tokyo, mfr of radio-controlled toy cars, with sales/factory located all over the world, founded 1958, sales Yen 2,872 million, net profit Yen 67 million, employees 85, pres Yuji Hattori, concurrently
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Import, export, wholesale of radio-controlled toy cars, the products of the parent, Nikko Co Ltd, and other toys (--100%).
Clients
[Mfr] Nikko Co Ltd (the parent)
No. of accounts: 1
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from Thailand, Malaysia, China, other
(--subsidiary mfrs of the parent)
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Kameari)
MUFG (Kameari)
Relations: Satisfactory
FINANCES
(In Million Yen)
NOT YET PRODUCED.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.83 |
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UK Pound |
1 |
Rs.84.90 |
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Euro |
1 |
Rs.67.26 |
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%)