MIRA INFORM REPORT
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Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
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Name : |
K BRASCH & CO LTD |
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Registered Office : |
Y’s Bldg #402, 1-2-13 Tsukishima Chuoku
Tokyo 104-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
November 1953 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 042874 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
Export, Wholesale of industrial machinery & equipment |
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No. of Employees
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24 Persons |
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 43.3 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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
K BRASCH & CO LTD
REGD NAMe
KK K Brasch Shokai
MAIN OFFICE
Y’s Bldg #402, 1-2-13
Tsukishima Chuoku Tokyo 104-0052 JAPAN
Tel:
03-5560-7591 Fax: 03-5560-7595
E-Mail address: info@kbrasch.co.jp
ACTIVITIES
Import,
export, wholesale of industrial machinery & equipment
BRANCHES
Osaka,
Sumidaku (Tokyo)
OFFICERS
KAZUO
MASUDA, PRES Hiroshi
Fukuda, dir
Anita Betty Yamada, dir Shoichi Kanazawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 455 M
PAYMENTS REGULAR CAPITAL Yen 18 M
TREND SLOW WORTH Yen
409 M
STARTED 1953 EMPLOYES 24
COMMENT
TRADING FIRM SPECIALIZING IN INDSUTRIAL MACHINERY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 43.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Kult Brasch, a German
businessman, in order to make most of his experience in the subject line of
business, and has been succeeded by the present executives. This is a trading firm specializing in
import, export and wholesale of industrial machinery & equipment (See OPERATION). Goods are imported from Germany, Austria,
USA, other. Clients include major
machinery makers nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 455 million, a
64% down from Yen 1,270 million in the previous term. This is referred to the cancellation of
large-lot orders from existing clients. The
orders will be carried over to the next term.
The operations plunged into the red to register Yen 11 million recurring
loss and Yen 12 million net losses, respectively, compared with Yen 19 million
recurring profit and Yen 14 million net profit, respectively, a year ago.
For the current term ending Mar/2012 the operations are projected to
come back to profitability to post Yen 20 million net profit and Yen 15 million
net profit, respectively, on a 164% rise in turnover, to Yen 1,200 million. The carried over large-lot orders will
contribute to the growth.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 43.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1953
Regd No.: (Tokyo-Chuoku) 042874
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
144,000 shares
Issued:
36,000 shares
Sum: Yen 18 million
Major shareholders (%): Anita Betty Yamada (20), Kazuo
Masuda (15), Tadashi Nishiyama 13), Hiroshi Fukuda (12)
No. of shareholders: 23
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales industrial machinery & equipment: inkjet printers, air wipers,
air nozzle, wire cleaning equipment, metal processing equipment, plastic mfg
machinery, surface treatment equipment, electronics and parts, others (--100%).
Clients: [Mfrs,
wholesalers] Sanwa Kako Co, Shinwa Kigyo Co, Sumitomo Wiring Systems Ltd, Furukawa
Electric Co, Mitsubishi Shindoh Co, Fuji Electric Wire Co, Nishi Nippon
Electric Wire & Cable Co, Toyotsu Machinery Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] RG Attachments (UK), Guill Tool, KEIR (--USA), Silvent (Sweden),
other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
· Resona Bank (Tokyo-Chuo)
· MUFG (Kyobashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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1,200 |
455 |
1,270 |
1,949 |
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Recur.
Profit |
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20 |
-11 |
19 |
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Net
Profit |
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15 |
-12 |
14 |
36 |
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Total
Assets |
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|
661 |
772 |
1,101 |
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Current
Assets |
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557 |
656 |
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Current
Liabs |
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108 |
102 |
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Net
Worth |
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409 |
423 |
410 |
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Capital,
Paid-Up |
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18 |
18 |
18 |
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Div.P.Share(¥) |
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0.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
163.74 |
-64.17 |
-34.84 |
109.57 |
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Current Ratio |
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.. |
515.74 |
643.14 |
.. |
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N.Worth Ratio |
.. |
61.88 |
54.79 |
37.24 |
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R.Profit/Sales |
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1.67 |
-2.42 |
1.50 |
.. |
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N.Profit/Sales |
1.25 |
-2.64 |
1.10 |
1.85 |
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Return On Equity |
.. |
-2.93 |
3.31 |
8.78 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
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UK Pound |
1 |
Rs.80.20 |
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Euro |
1 |
Rs.68.92 |
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.