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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
KIMURA CORPORATION |
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Registered Office : |
Shin Tokyo Bldg 6F,
3-3-1 Marunouchi Chiyodaku Tokyo 100-0005 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
February
1938 |
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Com. Reg. No.: |
0100-01-014332
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import of bearings, sensors, motors for aircrafts and other industrial
machinery |
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No. of Employees : |
48 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
KIMURA CORPORATION
KK Kimura Yoko
Shin Tokyo Bldg
6F, 3-3-1 Marunouchi Chiyodaku Tokyo 100-0005 JAPAN
Tel:
03-3213-0251 Fax: 03-3213-0470
URL: http://www.bearing-pro.jp
E-Mail address: (thru the URL)
Import
of bearings, sensors, motors for aircrafts and other industrial machinery
Chiba,
Yokohama
YOSHIMASA
KIMURA, PRES Kazuko Kimura,
rep dir
Yasuo
Ishizu, dir Akira
Shimomura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,375 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND UP WORTH Yen 8,487 M
STARTED 1938 EMPLOYES 48
TRADING FIRM SPECIALIZING IN BEARINGS, OTHER INDUSTRIAL
PARTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company is an old-established trading firm started in 1923 as a sole proprietorship and was incorporated in 1938. This is a trading firm specializing in parts & components for aircrafts and industrial machinery: bearings, sensors, motors, starting engines, motor car wheels, other. Goods are imported from USA, Germany, Sweden, Italy, France, other. Clients include major heavy machinery makers, car makers, other, nationwide.
The sales volume for Sept/2011 fiscal term amounted to Yen 5,375 million, an 18% up from Yen 4,561 million in the previous term. Demand rose sharply from car makers on the back of robust car production. The net profit was posted at Yen 624 million, compared with Yen 388 million a year ago.
For the current term ending Sept 2012 the net profit is projected at Yen 650 million, on a 6% rise in turnover, to Yen 5,700 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb 1938
Regd No.: 0100-01-014332 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Nishinippon Yoko, K Plus, other
(--100)
No. of shareholders: 5
Nothing detrimental is known as to
the commercial morality of executives.
Activities: Imports and wholesales parts/components for aircraft, motor cars and other industrial machinery: bearings, thin film sensors, mechanical seals, heat exchangers, starting engines, other (--100%)
Clients: [Mfrs, wholesalers] Mitsubishi Heavy Ind, Hitachi Ltd, Kawasaki Heavy Ind, IHI Corp, Toshiba Corp, Canon Inc, Kubota Corp, Isuzu Motor, Fujitsu Ltd, Nikon Corp, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from: Woodward, Kaydon, Timken, Rexnord, Kingsbury, Rollway, Honeywell, Hubbell, other.
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Hibiya)
Mizuho
Bank (Ginza)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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5,700 |
5,375 |
4,561 |
4,615 |
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Recur.
Profit |
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Net
Profit |
|
650 |
624 |
388 |
346 |
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Total
Assets |
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8,991 |
8,306 |
7,607 |
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Current
Assets |
|
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4,624 |
4,197 |
3,744 |
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Current
Liabs |
|
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464 |
408 |
96 |
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Net
Worth |
|
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8,487 |
7,863 |
7,474 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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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 |
6.05 |
17.85 |
-1.17 |
-33.34 |
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Current Ratio |
|
.. |
996.55 |
1,028.68 |
3,900.00 |
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N.Worth Ratio |
.. |
94.39 |
94.67 |
98.25 |
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R.Profit/Sales |
|
.. |
.. |
.. |
.. |
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N.Profit/Sales |
11.40 |
11.61 |
8.51 |
7.50 |
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Return On Equity |
.. |
7.35 |
4.93 |
4.63 |
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Notes:
Forecast (or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.