MIRA INFORM REPORT
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Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
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Name : |
NAGOYA STEEL SUPPLY INC |
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Registered Office : |
3-1313 Hojin
Minatoku |
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Country : |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
May
1979 |
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Com. Reg. No.: |
(Nagoya-Minatoku) 031808 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of steel pipes |
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 17.4 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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
NAGOYA
STEEL SUPPLY INC
REGD NAME
MAIN OFFICE
3-1313 Hojin Minatoku
Tel:
052-381-9711 Fax: 052-381-5221
URL: www.bizearch.com
E-mail: (thru the URL)
ACTIVITIES
Export
of steel pipes
BRANCHES
Nil
FACTORIES
At the
caption address (Warehouse)
OFFICER(S)
· YASUSHI HAYAMA, PRES
· Akio Watanabe, s/mgn dir
· Mieko Hayama, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 670 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
620 M
STARTED 1979 EMPLOYES 4
COMMENT
EXPORTER
OF STEEL PIPES.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 17.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was
established by Yasushi Hayama in order to make most of his experience in the
subject line of business. This is a
trading firm, wholly owned by the Hayama family, for exporting steel pipes. Exporting countries include
FINANCIAL INFORMATION
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for
Arp/2010 fiscal term amounted to Yen 670 million, a 45% down from Yen 1,210
million in the previous term. Large lot
of orders was cancelled, as reported in the market. The operations plunged into the red to post
Yen 14 million net losses for the term, compared with Yen 29 million net profit
a year ago. .
For the current term
ending Apr 2011 the operations are expected to come back to profitability to
post Yen 20 million net profit, on a 50% rise in turnover, to Yen 1,000
million. Exports revived.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 17.4
million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1979
Regd No.: (Nagoya-Minatoku)
031808
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen
10 million
Major shareholders (%):
Yasushi Hayama (80), Mieko Hayama (20)
No. of shareholders: 2
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Exports alloy steel pipes, carbon steel seamless pipes, carbon steel
ERN pipes, other (--100%)
Clients: [Mfrs, wholesalers] Exports to
No. of accounts: Unavailable
Domestic areas of activities:
Centered in greater-Nagoya
Suppliers: [Mfrs, wholesalers] JFE Shoji Trading (90%), other.
Payment record: Regular
Location: Business area in
Bank References:
Bank
of
Aichi
Bank (Nanyocho)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/04/2011 |
30/04/2010 |
30/04/2009 |
30/04/2008 |
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Annual
Sales |
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1,000 |
670 |
1,210 |
1,100 |
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Recur.
Profit |
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Net
Profit |
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20 |
-14 |
29 |
30 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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620 |
634 |
605 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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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 |
49.25 |
-44.63 |
10.00 |
23.32 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
2.00 |
-2.09 |
2.40 |
2.73 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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|
1 |
Rs.73.54 |
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Euro |
1 |
Rs.62.39 |
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 |
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.