MIRA INFORM REPORT

 

 

Report Date :           

02.06.2011

 

IDENTIFICATION DETAILS

 

Name :

AMITA CO LTD

 

 

Registered Office :

1-3 Haramachi Toyohashi Aichi-Pref 441-3111

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

January 1960

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Mfg of net machines & auxiliary equipment

 

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 10.8 Million

Status :

Small Company 

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

 

 Bottom of Form

 

AMITA CO LTD

 

 

REGD NAME 

 

KK Amita

 

 

MAIN OFFICE

 

1-3 Haramachi Toyohashi Aichi-Pref 441-3111 JAPAN

Tel: 0532-65-2222     Fax: 0532-65-2220

                                               

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

E-Mail address:            info@amita.co.jp

 

 

ACTIVITIES

 

Mfg of net machines & auxiliary equipment

 

 

BRANCHES   

 

Nil

 

 

FACTORIES

 

(subcontracted – Amita Engineering)

 

 

OFFICERS

 

YOSHIJI YAMAMOTO, Press                

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 560 M

PAYMENTS      REGULAR                     CAPITAL           Yen 44 M

TREND             SLOW                          WORTH            Yen 79 M

STARTED                     1960                             EMPLOYES      10

 

 

COMMENT    

 

MFR OF NET MCHINES & AUXILIARY EQUIPMENT.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 10.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Yoshiji Yamamoto in order to make most of his experience in the subject line of business.  This is a trading division of Amita Engineering Co, at the caption address, mfr of net machines & auxiliary equipment.  Goods are widely exported.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

           

The sales volume for Dec/2010 fiscal term is estimated amounted to Yen 600 million, a 7% up from Yen 560 million in the previous term.  The net profit was posted at Yen 1 million, similarly in the previous year.

 

For the current term ending Dec 2011 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 620 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 10.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 1960

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         88,000 shares

Issued:              88,000 shares

Sum:                   Yen 44 million

Major shareholders (%): Yoshiji Yamamoto & families (--100)

 

No. of shareholders: 7

 

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

 

 

OPERATION

           

Activities: Manufactures, imports and exports net machines & equipment (--100%).  Mfg is done by a sister company Amita Engineering Co Ltd.

 

Clients: [Mfrs, wholesalers] Edion East, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in Aichi-Pref

Suppliers: [Mfrs, wholesalers] Products are wholly manufactured by Amita Engineering Co Ltd.

 

Payment record: Regular

 

Location: Business area in Toyohashi, Aichi-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Toyohashi)

Okazaki Shinkin Bank (Toyohashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

620

600

560

600

Recur. Profit

　

　

　

　

　

Net Profit

　

2

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

79

78

77

Capital, Paid-Up

　

　

44

44

44

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.33

7.14

-6.67

445.45

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.32

0.17

0.18

0.17

 

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.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%)

 

 

 

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.