MIRA INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JET CCOMPANY LTD |
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Registered Office : |
147 Minami-Hanadacho Kitaku Sakai
Osaka-Pref |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May
1976 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of air-purifier (Jet Fresh Air) |
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 24.6 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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
JET CCOMPANY LTD
REGD NAME
Jet KK
MAIN OFFICE
147
Minami-Hanadacho Kitaku Sakai Osaka-Pref JAPAN
Tel: 072-250-3316
E-Mail address: info@jet-japan.jp
ACTIVITIEs
Export
of air-purifier (Jet Fresh Air)
BRANCHES
Nil
OVERSEAS
USA,
Holland, China
OFFICERS
ISEO
KATAYAMA, PRES
Nariko
Katayama, dir
Naoko
Kondo, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,300 M
PAYMENTS REGULAR CAPITAL Yen 35 M
TREND SLOW WORTH Yen
245 M
STARTED 1976 EMPLOYES 15
COMMENT
TRADING FIRM SPECIALIZING IN SIR JET PURIFIER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 24.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
This is trading firm specializing in exporting air jet purifier & attachment. Operates subsidiaries in USA, Europe and China. They at the same time mfg the products.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 1,300 million, an 8% up from Yen 1,200 million in the previous term. The net profit was posted at Yen 10 million, similarly in the previous term. Net profit is not disclosed and they are only estimated.
For the current term ending Mar 2012 the net profit is projected at Yen 10 million, on an 8% 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: May 1976
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
280,000 shares
Issued:
70,000 shares
Sum: Yen 35 million
Major shareholders (%): Iseo Katayama & families
(--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading firm specializing in exporting air jet purifier, and attachment (--100%
Clients: [Mfrs, wholesalers] Exports to USA, Europe, Near/Mid East, Australia, South Africa, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Nippon Paint, Toyobo Co Ltd, Tokyo Ohka Kogyo, other
Payment record: Regular
Location:
Business area in Sakai City. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Shoko Chukin Bank (Sakai)
· MUFG (Abenobashi-Nishi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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1,400 |
1,300 |
1,200 |
1,600 |
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Recur.
Profit |
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Net
Profit |
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10 |
10 |
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10 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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245 |
235 |
225 |
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Capital,
Paid-Up |
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35 |
35 |
35 |
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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 |
7.69 |
8.33 |
-25.00 |
-12.09 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.71 |
0.77 |
0.00 |
0.63 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.23 |
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UK Pound |
1 |
Rs.76.07 |
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Euro |
1 |
Rs.65.06 |
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 |
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NB |
New Business |
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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.