MIRA INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ESOL CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
May
1975 |
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Com. Reg. No.: |
(Tokyo-Nakanoku) 009845 |
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Legal Form : |
Limited Company |
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Line of Business : |
System Engineering Solutions |
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 119.0 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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
ESOL CO LTD
REGD NAME
Esol KK
MAIN OFFICE
Tel:
03-5365-1280 Fax: 03-5365-1281
URL: www.esol.co.jp
E-mail: esol-info@esol.co.jp
ACTIVITIES
System
engineering solutions
BRANCHES
FACTORIES
(subcontracted)
OFFICER(S)
TSUTOMU
SAWADA, PRES Katsutoshi Hasegawa,
s/mgn dir
Nobuyuki
Ueyama, mgn dir Kiyotoshi Kasaya,
dir
Satoshi
Takahashi, dir Isao Kubota,
dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,376 M
PAYMENTS REGULAR CAPITAL Yen
265 M
TREND SLOW WORTH Yen 1,108 M
STARTED 1975 EMPLOYES 373
COMMENT
COMPUTER
SYSTEMS SOLUTION/LOGISTICS ENGINEERING.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 119.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tsutomu Sawada in order to make most of his experience in the subject line of business. This is a PC systems solution/logistic engineering company, offering software development, PCs & peripherals, other. Has capital & business tie-up with ARM Holdings UK. Domestic clients include major electronics firms.
FINANCIAL INFORMATION
The sales volume for Dec/2009 fiscal term amounted to Yen 4,376 million, an 18% down from Yen 5,334 million in the previous term, as affected by the global economic downturn. The recurring profit was posted at Yen 197 million and the net profit at Yen 117 million, respectively, compared with Yen 447 million recurring profit and Yen 186 million net profit, respectively, a year ago.
For the term that ended Dec 2010 the recurring profit was projected at Yen 200 million and the net profit at Yen 120 million, respectively, on a 5% rise in turnover, to Yen 4,600 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 119.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1975
Regd No.: (Tokyo-Nakanoku) 009845
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,6 million shares
Issued: 530,000 shares
Sum: Yen
265 million
Major shareholders (%): Employees’ S/Holding Assn
(16.8), Tsutomu Sawada (15.3), Satohiro Iguchi (12.3)
No. of shareholders: 67
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Offers systems engineering solutions: embedded system solution engineering (51%), logistics engineering (21%), others (23%)
Clients: [Mfrs, wholesalers] Sony Corp, Konica Minolta Holdings Inc, Alpine Electronics Engineering Co, Hitachi Ltd, Denso Corp, Canon Inc, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Katayama Corp, Nagano Japan Radio Co, Tocad Energy Co, ARM, Ittiam Systems, Canon Marketing Japan, Good Computer, Universal Corporation, other
Payment record:
Regular
Location:
Business area in
Bank References:
Resona
Bank (Shibuya)
MUFG
(Shinjuku)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
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Annual
Sales |
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4,600 |
4,376 |
5,334 |
5,203 |
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Recur.
Profit |
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200 |
197 |
447 |
287 |
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Net
Profit |
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120 |
117 |
186 |
166 |
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Total
Assets |
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2,499 |
2,603 |
2,450 |
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Current
Assets |
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2,111 |
2,303 |
2,054 |
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Current
Liabs |
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997 |
1,421 |
1,544 |
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Net
Worth |
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1,108 |
991 |
807 |
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Capital,
Paid-Up |
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265 |
265 |
265 |
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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 |
5.12 |
-17.96 |
2.52 |
2.02 |
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Current Ratio |
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.. |
211.74 |
162.07 |
133.03 |
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N.Worth Ratio |
.. |
44.34 |
38.07 |
32.94 |
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R.Profit/Sales |
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4.35 |
4.50 |
8.38 |
5.52 |
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N.Profit/Sales |
2.61 |
2.67 |
3.49 |
3.19 |
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Return On Equity |
.. |
10.56 |
18.77 |
20.57 |
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Notes:
Forecast (or estimated) figures for the 31/12/2010 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.45.21 |
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1 |
Rs.72.55 |
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Euro |
1 |
Rs.62.43 |
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.