MIRA INFORM REPORT

 

 

Report Date :           

26.11.2011

 

IDENTIFICATION DETAILS

 

Name :

IMAI MANUFACTURING

 

 

Registered Office :

4-330 Ousu Minaoku Nagoya 455-0801

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

May 1983

 

 

Com. Reg. No.:

(Nagoya-Minatoku) 005766                                

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of horseshoe, hoof knives, hoof sickles

 

 

No. of Employees :

3 Persons

 

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 2.1 million

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

IMAI MANUFACTURING

 

 

REGD NAME

 

YK Imai Seisakusho

 

 

MAIN OFFICE

 

4-330 Ousu Minatoku Nagoya 455-0801 JAPAN

Tel: 052-383-4073      Fax: 052-384-0359

                                               

URL:                             http://www.imaimfg.com

E-Mail address:                        info@imaimfg.com

                  

 

ACTIVITIES

 

Mfg of horseshoe, hoof knives, hoof sickles

 

 

BRANCHES

 

Nil

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

KENJI IMAI, PRES

Reikichi Imai, dir

Jun Imai, dir                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 117 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 20 M

TREND             SLOW                          WORTH            Yen 79 M

STARTED                     1983                             EMPLOYES      3

 

 

COMMENT

 

MFG OF HORSESHOE, HORSE SHOEING SUPPLIES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 2.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established originally in 1951 by Reikichi Imai in order to make most of his experience in the subject line of business, on his account.  Kenji is his son who took the pres office in 1985.  This is a family-based specialized mfr of horseshoes, horseshoeing supplies: hoof knives, hoof sickles, sickles for elephant nails & soles, other.  Clients include farriers belonging to Japan Horse Racing Association, local racing association, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Aug/2011 fiscal term amounted to Yen 117 million, a 6% up from Yen 110 million in the previous term.  The net profit was posted at Yen 4 million, compared with Yen 4 million a year ago.

 

For the current term ending Aug 2012 the net profit is projected at Yen 4 million, on a 3% rise in turnover, to Yen 120 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 2.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 1983

Regd No.:         (Nagoya-Minatoku) 005766

Legal Status:      Private Limited Company (Yugen Kaisha)

Regd Capital:      Yen 20 million

 

Major shareholders (%): Kenji Imai (83), Reikichi Imai (13)

 

No. of shareholders: 3

 

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

 

 

OPERATION

 

Activities: Manufactures horseshoes, hoof knives, hoof sickles, sickles for elephant’s nails & soles, other horse shoeing supplies (--100%).

 

Clients: [Racing Assn, specialists] National Horse Racing Assn, Northern Farm, Farriers, Riding Club Crane, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Sumikin Bussan Materials, Kerckhaert, Vettec Inc, Daisan Koki Co, other

 

Payment record: Regular

 

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

 

Bank References:

·         Aichi Bank (Tochi)

·         Juroku Bank (Minato)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/08/2012

31/08/2011

31/08/2010

31/08/2009

Annual Sales

　

120

117

110

115

Recur. Profit

　

　

　

　

　

Net Profit

　

4

4

4

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

79

75

71

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.56

6.36

-4.35

91.67

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.33

3.42

3.64

4.35

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.17

UK Pound

1

Rs.80.64

Euro

1

Rs.69.43

 

 

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.