MIRA INFORM REPORT

 

 

Report Date :

14.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MATSUYA INDUSTRIES LTD

 

 

Registered Office :

1-26-7 Mikawa-Anjo-Honmachi Anjo City Aichi-Pref 446-0059

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

May 2005

 

 

Com. Reg. No.:

(Aichi-Anjo) 016034

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture of flat knitting machines, components

 

 

No. of Employees :

5

 

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 1.8 Million

Status :

Moderate

Payment Behaviour :

No Complaints

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

MATSUYA INDUSTRIES LTD

REGD NAME:    Matsuya Kogyo KK

MAIN OFFICE:  1-26-7 Mikawa-Anjo-Honmachi Anjo City Aichi-Pref 446-0059 JAPAN

                        Tel: 0566-71-5188      Fax: 0566-72-7820

                                               

URL:                 http://www.matsuya-corp.com

E-Mail address: (thru the URL)

 

 

ACTIVITIES  

 

Mfg of flat knitting machines, components

 

BRANCHES   

 

Nil

 

FACTORIES

 

At the caption address, (subcontracted)

 

 

OFFICERS

 

TOSHINORI HATTA, PRES                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 90 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 35 M

STARTED                     2005                             EMPLOYES      5

 

 

COMMENT

 

MFR OF FLAT KNITTING MACHINES.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Toshinori Hatta jointly with a Chinese partner in order to make most of their experiences in the subject line of business.  This is a specialized mfr of flat knitting machines & components.  Mfg is mostly subcontracted.  Clients include major spinning industries.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 90 million, a 13% up from Yen 80 million in the previous term.  The net profit was posted at Yen 5 million, compared with Yen 4 million a year ago.

 

            For the current term ending Dec 2011 the net profit is projected at Yen 5 million, on a 6% rise in turnover, to Yen 95 million. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 2005

Regd No.:            (Aichi-Anjo) 016034

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Toshinori Hatta (100)

           

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Manufactures flat knitting machines & components (--100%).

 

Clients: Spinning industries, other

Exports to China, S/E Asia, other

No. of accounts: Limited

Domestic areas of activities: Centered in greater-Nagoya

 

Payment record: Regular

 

Location: Business area in Anjo City, Nagoya.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Anjo)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

95

90

80

80

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

4

4

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

35

30

26

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.56

12.50

0.00

14.29

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

5.26

5.56

5.00

5.00

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.40

UK Pound

1

Rs.83.32

Euro

1

Rs.70.44

 

 

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.