MIRA INFORM REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
NAKASHIMA HOLDINGS LTD |
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Registered Office : |
688-1Jotokitagata Higashiku |
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Country : |
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Financials (as on) : |
30.11.2010 |
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Date of Incorporation : |
November 1948 |
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Com. Reg. No.: |
(Okayama-Higashiku) 004884 |
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Legal Form : |
Limited Company |
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Line of Business : |
Holding Co of 6 subsidiary
firms |
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 14.0 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
NAKASHIMA HOLDINGS LTD
REGD NAME
Nakashima Holdings
KK
MAIN OFFICE
688-1Jotokitagata
Higashiku Okayama 709-0625
Tel:
086-279-5111 Fax: 086-279-3107
URL: www.nakashima.jp
E-mail: info@nakashima.jp
ACTIVITIES
Holding
Co of 6 subsidiary firms
BRANCHES
Nil
OFFICER(S)
MOTOYOSHI
NAKASHIMA, PRES
Hiroshi
Nakashima, ch Minoru
Nakashima dir
Hiroyasu
Nakashima, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
557 M
PAYMENTS REGULAR CAPITAL Yen
130 M
TREND SLOW WORTH Yen
5,049 M
STARTED 1948 EMPLOYES 8
COMMENT
HOLDING
COMPANY OF SIX GROUP SUBSIDIARIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 14.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tamotsu Nakashima in order to make most of his experience in the subject line of business. Originally started as mfg ship’s propellers and medical products. In Nov 2008, separated these divisions as independent entity and the firm became the holding company of six group firms. Financials are handled by each subsidiary and not consolidated. Six subsidiaries are: Nakashima Propeller Co Ltd, Nakashima Medical Co Ltd, Nakashima Engineering Co Ltd, Systems Nakashima Co Ltd, Nakashima Vietnam Co Ltd, Nakashima Uchida Corp.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Nov/2009 fiscal term amounted to Yen 557 million, a
98% down from Yen 30,174 million in the previous term. This is referred to the separation of
operations and the firm itself became a pure holding company. The operations plunged into the red to
register Yen 90 million net losses for the term, compared with Yen 1,927
million net profit a year
For the term that ended Nov 2010 the operations were projected to come
back to profitability but still limited to a minimum amount post-taxes, on an
8% rise in turnover, to Yen 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 14.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
1948
Regd No.: (Okayama-Higashiku)
004884
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 10 million shares
Issued: 2.6 million shares
Sum: Yen
130 million
Major shareholders (%): Small & Medium Business
Promotion & Investment Assn (28), Tamotsu Nakashima (25), Yusuke Nakashima
(11), other
No. of shareholders: 15
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Holding company
of six subsidiary group firms (100%).
See Clients for six subsidiaries.
Clients: [Mfrs,
wholesalers] Nakashima Propeller Co, Nakashima Medical Co, Nakashima
Engineering Co, Systems Nakashima, Nakashima Vietnam Co, Nakashima Uchida Corp.
No. of accounts: 6
Domestic areas of
activities: Nationwide
Payment record: Regular
Location: Business area in
Bank References:
MUFG (
Chugoku
Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/11/2010 |
30/11/2009 |
30/11/2008 |
30/11/2007 |
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Annual
Sales |
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600 |
557 |
30,174 |
23,859 |
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Recur.
Profit |
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Net
Profit |
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0 |
-90 |
1,927 |
886 |
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Total
Assets |
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N/A |
N/A |
23,375 |
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Net
Worth |
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5,049 |
5,139 |
3,791 |
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Capital,
Paid-Up |
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130 |
130 |
130 |
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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 |
7.72 |
-98.15 |
26.47 |
27.29 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
16.22 |
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N.Profit/Sales |
0.00 |
-16.16 |
6.39 |
3.71 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/11/2010 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.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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.