MIRA INFORM REPORT

 

 

Report Date :           

02.06.2011

 

IDENTIFICATION DETAILS

 

Name :

ACE CREATION & DISTRIBUTION LTD

 

 

Registered Office :

Toshin Kudan Bldg 4F, 1-2-1 Kudan-Kita Chiyodaku Tokyo 102-0073

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

April 1977

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Exporter of motorcars, motorcycles

 

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 84.0 Million

Status :

Moderate

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

ACE CREATION & DISTRIBUTION LTD

 

 

REGD NAME 

 

Ace Bussan KK

 

 

MAIN OFFICE

 

Toshin Kudan Bldg 4F, 1-2-1 Kudan-Kita Chiyodaku Tokyo 102-0073 JAPAN

Tel: 03-3262-6253     Fax: 03-3262-6329

 

URL:                 http//:www.acedisco.co.jp

E-mail:             ace@acedisco.co.jp        

 

 

ACTIVITIES  

 

Export of motorcars, motorcycles

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)  

 

JIN WATANABE, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARy

 

FINANCES                    FAIR                 A/SALES          Yen 3,427 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND             SLOW              WORTH            Yen 802 M

STARTED                     1977                 EMPLOYES      11

 

 

COMMENT    

 

TRADING FIRM FOR EXPORTING AUTOMOTIVES. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 84.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by father of Jin Watanabe in order to make most of his experience in the subject line of business.  This is a trading firm specializing in exporting automotive, motorcycles, other related.  Goods are supplied from carmakers, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Jun/2010 fiscal term amounted to Yen 3,427 million, a 3% down from Yen 3,545 million in the previous term.  This is referred to the high Yen reducing export revenues & profits in Yen terms.  The net profit was posted at Yen 121 million, compared with Yen 118 million a year ago.  .

 

For the current term ending Jun 2011 the net profit is projected at Yen 125 million, on a 5% rise in turnover, to Yen 3,600 million.  Exports continue rising into China and other S/E Asian countries.

           

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 84.0 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Apr 1977

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　80,000 shares

Issued: 　         20,000 shares

Sum:                　Yen 10 million

Major shareholders (%): KK Ace Holdings* (100)

 

*.. Holding company & investment advisor at the caption company, owned by Jin Watanabe, founded Nov 2009, capital Yen 20 million

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Exports automotives, motorcycles, accessories, other (--100%)

 

Clients: [Mfrs, wholesalers] Boroko Motors, Menard Automobiles, Tongs Corp, Carpenters Mote, Motor Traders Ltd, other

            No. of accounts: Unavailable

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Isuzu Motors, Komatsu Ltd, Daihatsu Diesel Mfg Ltd, TCM, Kato Works Co, other.

 

Payment record: Regular

 

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

 

Bank References:

Resona Bank (Shiba)

Mizuho Bank (Ichigaya)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

3,600

3,427

3,545

4,194

Recur. Profit

　

　

　

　

　

Net Profit

　

125

121

118

127

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

802

681

563

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.05

-3.33

-15.47

49.20

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.47

3.53

3.33

3.03

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/06/2011 fiscal term. 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.89

UK Pound

1

Rs.73.85

Euro

1

Rs.64.76

 

 

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%)

 

 

 

 

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