MIRA INFORM REPORT
|
Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
NOMURA KOUMUTEN CORPORATION |
|
|
|
|
Registered Office : |
4-10-5 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.07.2010 |
|
|
|
|
Date of Incorporation : |
October
1989 |
|
|
|
|
Com. Reg. No.: |
(Osaka-Katano) 151920 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Real estate transactions, house building |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 52.4 Million |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Regular |
|
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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
name
NOMURA KOUMUTEN CORPORATION
REGD
NAME
KK Nomura Koumuten
MAIN
OFFICE
4-10-5
Tel:
072-893-5588 Fax: 072-893-9996
URL: www.nomura-k.co.jp/
E-mail: info@nomura-k.co.jp
ACTIVITIES
Real estate
transactions, house building
LICENSES
Minister
of Land: (2) 5973
BRANCHES
Mita
FACTORIES
At the
caption address
OFFICER(S)
KENJI
NOMURA, PRES Kosaku Nomura, ch
Yukihiro
Nozu, s/mgn dir Kazuhiko
Tanaka, dir
Yasuo
Kawagishi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 7,003 M
PAYMENTS REGULAR CAPITAL Yen 85 M
TREND SLOW WORTH Yen
895 M
STARTED 1989 EMPLOYES 48
COMMENT
REAL
ESTATE TRANSACTIONS, HOUSE BUILDING.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR: CD$726,390.00
MAX
CREDIT LIMIT: YEN 52.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Kosaku Nomura, now ch, in order to make most of his experience in the subject line of business. Kenji is his son. This is a real estate firm offering real estate transactions, house rental, house selling/purchasing, home building, and other management. Operations cover centrally in greater-Osaka.
FINANCIAL
INFORMATION
The sales volume for Jul/2010 fiscal term amounted to Yen 7,003 million,
a 20% down from Yen 8,733 million in the previous term, as affected by the
global economic downturn. Housing starts
declined substantially. Consumer
spending was sluggish. The recurring
profit was posted at Yen 98 million and the net profit at Yen 19 million,
respectively, compared with Yen 61 million recurring profit and Yen 9 million
net profit, respectively, a year ago.
For the current term ending Jul 2011 the recurring profit is projected
at Yen 100 million and the net profit at Yen 20 million, respectively, on a 7%
rise in turnover, to Yen 7,500 million.
Housing market is recovering.
Newbuilding orders revived.
The financial situation is considered FAIR and good for ORDINARY
business engagements. The proposed
amount, however, is considered TOO HIGH from the recent financial status. Max credit limit is estimated at Yen 52.4
million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1989
Regd No.: (Osaka-Katano) 151920
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 6,800
shares
Issued: 1,700 shares
Sum: Yen 85 million
Major shareholders (%):
Kosaku Nomura (49), Kenji Nomura (49)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Real estate
transactions: real estate sale/purchase, house sale/purchase, house building,
building management, other (--100%)
Clients: Consumers, house
builders, other
No. of accounts: Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers [Mfrs,
wholesalers] Tostem (house builder), Iida Sangyo, Osaka Fastener Sales, NU
System, Shiga Wood Corp, Stylite Corp, Ozeki Koumuten, Tanaka Iron Kogyo, other
Payment record: Regular
Location: Business area in
Bank References:
Osaka-Higashi
Shinkin Bank (
Kansai
Urban Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/07/2011 |
31/07/2010 |
31/07/2009 |
31/07/2008 |
|
|
Annual
Sales |
|
7,500 |
7,003 |
8,733 |
9,077 |
|
Recur.
Profit |
|
100 |
98 |
61 |
275 |
|
Net Profit |
|
20 |
19 |
9 |
10 |
|
Total
Assets |
|
|
8,914 |
9,357 |
11,027 |
|
Current
Assets |
|
|
5,502 |
5,939 |
8,381 |
|
Current
Liabs |
|
|
4,329 |
4,494 |
7,384 |
|
Net
Worth |
|
|
895 |
876 |
867 |
|
Capital,
Paid-Up |
|
|
85 |
85 |
85 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.10 |
-19.81 |
-3.79 |
20.66 |
|
|
Current Ratio |
|
.. |
127.10 |
132.15 |
113.50 |
|
N.Worth Ratio |
.. |
10.04 |
9.36 |
7.86 |
|
|
R.Profit/Sales |
|
1.33 |
1.40 |
0.70 |
3.03 |
|
N.Profit/Sales |
0.27 |
0.27 |
0.10 |
0.11 |
|
|
Return On Equity |
.. |
2.12 |
1.03 |
1.15 |
|
Notes:
Forecast (or estimated) figures for the 31/07/2011 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.