MIRA INFORM REPORT

 

 

Report Date :           

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MATSUMOTO & CO LTD

 

 

Registered Office :

Honmachi Matsumoto Bldg, 4-6-22 Honmachi Chuoku Osaka 541-0053

 

 

Country :

Japan

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

May 1973

 

 

Com. Reg. No.:

(Osaka-Naniwaku) 039994

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export of welding machinery, welding rods, other industrial machinery

 

 

No. of Employees :

8

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 25.5 Million

 

 

Status :

Satisfactory

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

MATSUMOTO & CO LTD

 

 

REGD NAME 

 

Matsumoto Boeki KK

 

 

MAIN OFFICE

 

Honmachi Matsumoto Bldg, 4-6-22 Honmachi Chuoku Osaka 541-0053 JAPAN

Tel: 06-4705-4777     Fax: 06-4705-4781

 

*.. Registered at: 4-5-21 Sakurakawa Naniwaku Osaka

 

URL:                 N/A

 

 

ACTIVITIES  

 

Import, export of welding machinery, welding rods, other industrial machinery

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)

 

TSUNENORI MATSUMOTO, PRES

Tokuji Matsumoto, dir

Hitoshi Kawano, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 1,372 M

PAYMENTS                  REGULAR         CAPITAL           Yen 15 M

TREND             SLOW              WORTH            Yen 476 M

STARTED                     1973                 EMPLOYES      8

 

COMMENT    

 

EXPORTER OF WELDING MACHINERY & RODS. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 25.5 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Tsunenori Matsumoto in order to make most of his experience in the subject line of business.  This is a trading firm specializing in export of welding machinery/equipment, welding rods, and other industrial machinery.  Goods are partially imported.  Export destinations are: Hong Kong, China, Philippines, Pakistan, Saudi Arabia, Europe, USA, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Jan/2011 fiscal term amounted to Yen 1,372 million, a 22% up from Yen 1,121 million in the previous term.  Exports were robust into China and other S/E Asian countries on the back of rapid recovery of economic activities.  Exports volumes compensated the loss of earnings from the high Yen.  The net profit was posted at Yen 24million, compared with Yen 12 million a year ago.  .

 

For the current term ending Jan 2012 the net profit is projected at Yen 25 million, on a 6% rise in turnover, to Yen 1,450 million.  Exports continue rising.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 25.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 1973

Regd No.:            (Osaka-Naniwaku) 039994

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　120,000 shares

Issued:             　30,000 shares

Sum:                　Yen 15 million

 

Major shareholders (%): Tsunenori Matsumoto (35.5), T Zushi (10), Tokuji Matsumoto (9), Toshiko Matsumoto (5), Hitoshi Kawano (4)

 

No. of shareholders: 14

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Exports, imports and wholesales welding machinery/equipment (30%), welding rods (20%), other industrial machinery & equipment (--50%).

 

Clients: [Mfrs, wholesalers] Exports to Philippines, Hong Kong, China, S/E Asia, Saudi Arabia, Arab Emirates, Europe, USA, Thailand, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Osaka

 

Suppliers: [Mfrs, wholesalers] Matsumoto Machinery, Daihen Osaka Japan, Nichia Welding Electrodes, Koike Sanso Kogyo, Okudaya Giken Co, Nikko Kasei Co, New Registon Co, other.

 

Payment record: Regular

 

Location: Business area in Osaka.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

·         Resona Bank (Sakurakawa)

·         MUFG (Osaka-Nishi)

Relations: Satisfactory

 

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/01/2012

31/01/2011

31/01/2010

31/01/2009

Annual Sales

　

1,450

1,372

1,121

1,735

Recur. Profit

　

　

　

　

　

Net Profit

　

25

24

12

32

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

476

459

447

Capital, Paid-Up

　

　

15

15

15

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.69

22.39

-35.39

3.77

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.72

1.75

1.07

1.84

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/01/2012 fiscal term. 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.42

UK Pound

1

Rs.81.92

Euro

1

Rs.69.94

 

 

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.