MIRA INFORM REPORT

 

 

 

Report Date :

13.05.2011

 

IDENTIFICATION DETAILS

 

Name :

HT INTERNATIONAL CO LTD

 

 

Registered Office :

Queen Tower C-8F, 2-3-5 Minatomirai Nishiku Yokohama 220-0012

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2010

 

 

Date of Incorporation :

October  1995

 

 

Com. Reg. No.:

(Yokohama-Nishiku) 089521

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of steel products

 

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 24.6 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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

HT INTERNATIONAL CO LTD

REGD NAME:    HT International KK

MAIN OFFICE:  Queen Tower C-8F, 2-3-5 Minatomirai Nishiku Yokohama 220-0012 JAPAN

                        Tel: 045-263-8550     Fax: 045-263-8551

 

URL:                 http//:www.kt-int.co.jp

E-mail:             tomita@kt-int.co.jp        

 

 

ACTIVITIES

 

Import, export, wholesale of steel products

 

BRANCHES   

 

Tokyo

 

 

OFFICER(S)

 

MINORU TOMITA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 1,350 M

PAYMENTS                  REGULAR         CAPITAL           Yen 30 M

TREND             SLOW              WORTH            Yen 135 M

STARTED                     1995                 EMPLOYES      4

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN STEEL PRODUCTS. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 24.6 MILLION, 30 DAYS NORMAL TERMS

 

HIGHLIGHTS

           

The subject company was established by Minoru Tomita in order to make most of his experience in the subject line of business.  This is a trading firm, wholly owned & operated by Tomita family, for import, export and wholesale of steel products: aluminum coils, steel & copper sheets, other (See OPERATION).  Goods are imported from and exported to China mainly.  Local clients include aluminum makers, apparel wholesalers, other.  The firm moved the Headquarters to Yokohama in Feb 2011 from Tokyo.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Jul/2010 fiscal term amounted to Yen 1,350 million, a 4% down from Yen 1,400 million in the previous term.  High Yen hurt sales in yen terms.  The net profit was posted at Yen 10 million, compared with Yen 12 million a year ago.  .

 

For the current term ending Jul 2011 the net profit is projected at Yen 12 million, on a 4% rise in turnover, to Yen 1,400 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 24.6 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Oct 1995

Regd No.:        (Yokohama-Nishiku) 089521

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　2,400 shares

Issued:             　600 shares

Sum:                　Yen 30 million

Major shareholders (%): Minoru Tomita (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports, exports and wholesales steel/iron products: aluminum coils, steel & copper sheets, machinery, chemicals, interior goods, window blinds (aluminum, fabrics), semi-conductor & computer-related parts, other (--100%).

 

 

Clients: Mfrs, wholesalers, specialty stores, other

No. of accounts: 100

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Kobe Steel, Furukawa-Sky Aluminum Corp, Chiyoda Mitsubishi Electric Co, Mitsubishi Aluminum Co, other.

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Hamamatsucho)

SMBC (Hamamatsucho)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/07/2011

31/07/2010

31/07/2009

31/07/2008

Annual Sales

　

1,400

1,350

1,400

1,400

Recur. Profit

　

　

　

　

　

Net Profit

　

12

10

12

12

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

135

125

113

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.70

-3.57

0.00

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.86

0.74

0.86

0.86

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2011 fiscal term. 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.79

UK Pound

1

Rs.73.19

Euro

1

Rs.63.59

 

 

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.