MIRA INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
MAC CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April
1974 |
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Com. Reg. No.: |
(Chiba-Togane) 000703 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of commercial/industrial-use refrigerators,
cooling system, oil controllers |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 17.3 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
MAC CO LTD
REGD NAME
KK Mac
MAIN OFFICE
Tel:
0475-50-1881 Fax: 0475-50-1880
URL: www.macthelife.jp
E-mail: macthelife@nifty.com
ACTIVITIES
Mfg of
commercial/industrial-use refrigerators, cooling system, oil controllers
BRANCHES
Nil
FACTORIES
At the
caption address (2)
OFFICER(S)
HIROAKI
MATSUSHITA, PRES
Yoichi
Iwai, ch
Kazuo
Furukawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 320 M
PAYMENTS REGULAR CAPITAL Yen 60 M
TREND SLOW WORTH Yen 157 M
STARTED 1974 EMPLOYES 35
COMMENT
MFR OF
REFRIGERATORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$15,000.00 / O/A 60 DAYS
MAX CREDIT LIMIT: YEN 17.3
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoichi Hirai, now ch, in order to
make most of his experience in the subject line of business. This business manufactures commercial &
industrial-use refrigerators, cooling systems, control boilers, other. Clients include major heavy machinery makers,
other, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2010 fiscal term amounted to Yen 320 million, a
10% up from Yen 290 million in the previous term. The net profit was posted at Yen 1 million,
unchanged from the previous period. .
For the current term ending Dec 2011 the net profit is projected at Yen
2 million, on a 3% rise in turnover, to Yen 330 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 17.3 million, on 30 days normal terms. The proposed amount for 60 days terms is
considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Apr 1974
Regd No.: (Chiba-Togane) 000703
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 48,000 shares
Issued: 12,000 shares
Sum: Yen 60
million
Major shareholders (%):
Hiroaki Matsushita (50), Sachiko Matsushata (20), other
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
commercial & industrial-use refrigerators, cooling systems, oil
controllers, other (--100%)
Clients: [Mfrs,
wholesalers] Mitsubishi Heavy Industries, Asahi Glass Co, Okuma Corp, Sojitz
Machinery Corp, Tsuda Industries Co, Yamazaki Mazak Corp, Ulvac Inc, Japan
Viline Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sunrise Ind, Toshiba Carrier Transicold Corp, Emerson
Payment record: Regular
Location: Business area in
Bank References:
Chiba
Bank (Togane)
Keiyo
Bank (Togane)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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330 |
320 |
290 |
932 |
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Recur.
Profit |
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1 |
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Net
Profit |
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2 |
1 |
1 |
23 |
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Total
Assets |
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N/A |
633 |
N/A |
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Net
Worth |
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157 |
156 |
155 |
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Capital,
Paid-Up |
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60 |
60 |
60 |
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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 |
3.13 |
10.34 |
-68.88 |
-14.50 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
24.64 |
.. |
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N.Profit/Sales |
0.61 |
0.31 |
0.34 |
2.47 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2011 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.44.45 |
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1 |
Rs.71.59 |
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Euro |
1 |
Rs.63.01 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.