MIRA
INFORM REPORT
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Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
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Name : |
BTX CORPORATION |
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Registered Office : |
51 Jizo Yasuracho Konan Aichi-Pref 483-8111 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Year of Establishment : |
June 1975 |
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Com. Reg. No.: |
(Aichi-Konan) 087409 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of electroformed mold |
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No. of Employees : |
130 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 97.5 Million |
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Status : |
Satisfactory |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
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 and address
BTX CORPORATION
REGD NAME: BTX
KK
MAIN OFFICE: 51
Jizo Yasuracho Konan Aichi-Pref 483-8111 JAPAN
Tel: 0587-54-5131 Fax: 0587-54-8698
URL: http://www.ktx.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
electroformed mold
BRANCHES
Saitama
FACTORIES
At the caption
address, Aichi-Pref (3) (Tot 4)
OFFICERS
YASUYOSHI NODA,
PRES Shoko Noda, s/mgn dir
Kanji Oyama, mgn
dir Shuichi
Hayashi, dir
Kohei Noda, dir Hokuto
Noda, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,270 M
PAYMENTS REGULAR CAPITAL Yen 93 M
TREND SLOW WORTH Yen
2,960 M
STARTED 1975 EMPLOYES 130
COMMENT
MFR OF ELECTROFORMED MOLD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 97.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Yasuyoshi Noda in order to make most of his experience in the subject line
of business. This is a specialized mfr,
owned by the Noda family, of electroformed molds & dies.
FINANCIAL INFORMATION
The sales volume for Apr/2011 fiscal term amounted to Yen 2,270 million,
a 12% up from Yen 2,018 million in the previous term. Demand from car makers increased. The recurring profit was posted at Yen 110
million and the net profit at Yen 83 million, respectively, compared with Yen
113 million recurring profit and Yen 21 million net profit, respectively, a
year ago.
For the current term ending Apr 2012
the recurring profit is projected at Yen 115 million and the net profit at Yen
85 million, respectively, on a 6% rise in turnover, to Yen 2,400 million. Business is seen steadily expanding.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 97.5 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Jun
1975
Regd No.:
(Aichi-Konan) 087409
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 750,000 shares
Issued: 187,800 shares
Sum: Yen 93.9 million
Major
shareholders (%): Yasuyoshi Noda (80), Shoko Noda (10), Yaeko Noda (10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
electroformed mold, dies, other (--100%)
Clients: [Mfrs,
wholesalers] Toyota Gosei Co, Vesteon, Delphi, Nippon Plast Co, Toyota Boshoku
Corp, Toyo Tire & Rubber Co, Inoac Corp, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] YK Mino Shoten, Moriyama Shokai, Yoshida Mfg, Taihei Kanagata
(Metal dies), Takeuchi Kanagata Seisakusho, Nambu Seisakusho, other
Payment record: Regular
Location: Business area in
Konan City, Aichi-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Gifu Shinkin Bank
(Higashi-Konan)
MUFG (Konan)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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2,400 |
2,270 |
2,018 |
3,352 |
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Recur.
Profit |
|
115 |
110 |
113 |
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Net
Profit |
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85 |
83 |
21 |
258 |
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Total
Assets |
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4,520 |
3,554 |
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Current
Assets |
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1,980 |
1,678 |
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Current
Liabs |
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440 |
297 |
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Net
Worth |
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2,960 |
2,877 |
2,856 |
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Capital,
Paid-Up |
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|
93 |
93 |
93 |
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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 |
5.73 |
12.49 |
-39.80 |
-9.43 |
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Current Ratio |
|
.. |
450.00 |
564.98 |
.. |
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N.Worth Ratio |
.. |
65.49 |
80.95 |
.. |
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R.Profit/Sales |
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4.79 |
4.85 |
5.60 |
.. |
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N.Profit/Sales |
3.54 |
3.66 |
1.04 |
7.70 |
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Return On Equity |
.. |
2.80 |
0.73 |
9.03 |
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Notes: Forecast
(or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
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|
1 |
Rs.81.06 |
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Euro |
1 |
Rs.69.51 |
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 |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.