MIRA INFORM REPORT
|
Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAN-AI INDUSTRIES INC |
|
|
|
|
Registered Office : |
3-281 Azumacho Koshigaya Saitama-Pref
343-0826 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.08.2011 |
|
|
|
|
Date of Incorporation : |
October 1963 |
|
|
|
|
Com. Reg. No.: |
(Saitama-Koshigaya) 000672 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of laundry & cleaning machines, accessories |
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 9.0 Million |
|
|
|
|
Status : |
Small Company |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
SAN-AI INDUSTRIES INC
REGD NAME
San-Ai Kogyo KK
MAIN OFFICE
3-281 Azumacho
Koshigaya Saitama-Pref 343-0826 JAPAN
Tel:
048-985-2321 Fax: 048-985-2393
URL: http://www.san-ai-industries.com
E-Mail address: info@san-ai-industries.com
ACTIVITIES
Mfg of
laundry & cleaning machines, accessories
BRANCHES
Yoshikawa
(Saitama-Pref)
FACTORIES
At the
caption address
OFFICERS
FUTOSHI
MOTODA, PRES
Shuho
Motoda, ch
Kazuko
Motoda, dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 500 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen
144 M
STARTED 1963 EMPLOYES 21
COMMENT
MFR OF LAUNDRY MACHINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 9.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Shuho Motoda, now ch at the firm,
in order to make most of his experience in the subject line of business. Futoshi is his son who took the pres office
in Sept 2010. This is a specialized mfr
of laundry & washing machines and accessories. Products are also exported to Europe, Asia,
other.
FINANCIAL INFORMATION
Financial are only partially disclosed as is the case with family-based
companies.
The sales volume for Aug/2010 fiscal term amounted to Yen 500 million, a
17% down from Yen 600 million in the previous term. Exports were hurt by the high Yen, reducing
considerably its earnings and profits in Yen terms. The net profit was posted at Yen 8 million,
compared with Yen 10 million a year ago.
For the term that just ended Aug 2011 the net profit was projected at
Yen 8 million, on a 4% rise in turnover, to Yen 520 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 9.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1963
Regd No.: (Saitama-Koshigaya) 000672
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
400,000 shares
Issued:
100,000 shares
Sum: Yen 50 million
Major shareholders (%): Shuho Motoda (72), Futoshi
Motoda (20), Kazuko Motoda (8)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
laundry and washing machines & accessories (--100%)
(Handling Items): Flatwork ironer
center (ironer spring, ironer pads & felts, ironer guide tape, ultrasonic
guide taper welder, belting & accessories); Laundry handling (laundry cart
& trucks, laundry net & bags, other)
Clients: [Mfrs,
wholesalers] Sumisho Inax Corp, Tosen Machinery Corp, Asahi Seisakusho Co, Toto
Folder Mfg Co, Sankosha Engineering Co, Mitsubishi Heavy Ind, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Teiken Ltd, Narita Kiko, other.
Payment record: Regular
Location: Business area in
Koshigaya, Saitama-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Musashino
Bank (Koshigaya)
SMBC
(Kasukabe)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/08/2011 |
31/08/2010 |
31/08/2009 |
31/08/2008 |
|
Annual
Sales |
|
520 |
500 |
600 |
580 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
8 |
8 |
10 |
10 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
144 |
136 |
126 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.00 |
-16.67 |
3.45 |
5.45 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.54 |
1.60 |
1.67 |
1.72 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.89 |
|
UK Pound |
1 |
Rs.75.31 |
|
Euro |
1 |
Rs.65.64 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.