MIRA INFORM
REPORT
|
Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
OSAKA TRACTOR CO LTD |
|
|
|
|
Registered Office : |
Chiyoda Bldg Higashi-Kan, 2-9-4
Higashitenma Kitaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Date of Incorporation : |
November 1969 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Exporter of tractor parts, truck parts, forklift parts |
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 23.7 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
OSAKA TRACTOR CO LTD
REGD NAME
MAIN OFFICE
Chiyoda Bldg
Higashi-Kan, 2-9-4 Higashitenma Kitaku
Tel:
06-6352-6151 Fax: 06-632-6121
E-mail: Osaka-tr@is7.so-net.ne.jp
ACTIVITIES
Export
of tractor parts, truck parts, forklift parts, other
BRANCHES
Nil
OFFICER(S)
EIZO
UEHARA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMAR
FINANCES FAIR A/SALES Yen
1,300 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen
94 M
STARTED 1969 EMPLOYES 7
COMMENT
EXPORTER
OF PARTS FOR TRACTORS, TRUCKS, FORKLIFTS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 23.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Eizo Uehara in order to make most
of his experience in the subject line of business. This is a trading firm specializing in
exporting parts & components for tractors, trucks, forklifts, bulldozers,
construction machinery, other. Exports
to overseas mfg sites of Japanese mfrs:
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2009 fiscal term amounted to Yen 1,300
million, a similar amount in the previous term.
The net profit was posted at Yen 4 million, compared with Yen 8 million
a year ago. .
For the term that ended Sept 2010 the net profit was projected at Yen 5
million, on a 5% rise in turnover, to Yen 1,350 million. Final results are yet to be released.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 23.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
1969
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Eizo
Uehara (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Exports parts
& components for: construction, earthmoving machinery & crane, cars,
trucks, forklifts, spare parts for diesel engines, generators & machinery,
other (--100%).
(Handling Items): Engine parts,
electrical parts, brake & clutch parts, filters & cooling parts, spare
parts for construction machinery (such as bulldozers, excavators, cranes),
spare parts for forklifts, spare parts for compressors & generators, other.
Clients: [Mfrs] Exports
to:
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers]
Nippon Piston Ring Co, Shin Caterpillar Mitsubishi, Oyodo Co, other
Payment record: Regular
Location: Business area in
Bank References:
·
MUFG (Tenma)
·
SMBC (Minamimorimachi)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
30/09/2010 |
30/09/2009 |
30/09/2008 |
30/09/2007 |
|
Annual
Sales |
|
1,350 |
1,300 |
1,300 |
1,100 |
|
Recur.
Profit |
|
|
|
|
|
|
Net Profit |
|
5 |
4 |
8 |
6 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
94 |
90 |
82 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.85 |
0.00 |
18.18 |
0.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.37 |
0.31 |
0.62 |
0.55 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2010 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.30 |
|
|
1 |
Rs.71.73 |
|
Euro |
1 |
Rs.60.40 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.