MIRA
INFORM REPORT
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Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL METAL CORPORATION |
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Registered Office : |
1-7-4 Iwasaki-Nishi Ichihara City Chiba-Pref 290-0046 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
February 1993 |
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Com. Reg. No.: |
(Chiba-Ichihara) 054950 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of iron/steel coils & sheets |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRAs 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 31.5 Million |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
UNIVERSAL METAL CORPORATION
REGD NAME: KK
Universal Metal Corporation
MAIN OFFICE: 1-7-4
Iwasaki-Nishi Ichihara City Chiba-Pref 290-0046 JAPAN
Tel: 0436-20-6661 Fax: 0436-20-6663
URL: http://www.universalmetal.jp/
E-Mail address: umc@universalmetal.jp
ACTIVITIES
Export of
iron/steel coils & sheets
BRANCHES
Nil
WAREHOUSE
At the caption
address (Bonded warehouse)
Two storied
building of total 4,020m2 land space, equipped with:
Crane: 10ton x 2;
2 ton x 2; 4.8 ton x 1;
Forklift: 12 ton x
& 4.5 ton x 1;
Shearing Line: One
line
OFFICER(S)
AISHA REHMAN, PRES
Hasib Rehman, ch
Kunihiko Miki,
s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
1,725 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 100 M
TREND SLOW WORTH Yen
288 M
STARTED 1993 EMPLOYES 10
COMMENT
EXPORTER OF
IRON/STEEL COILS & SHEETS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 31.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Hasib UR Rehman, a Pakistani resident, in order to make most of his
experience in the subject line of business.
Aisha is his son. This is a trading
company specializing in exporting iron/steel coils & sheets to Asian
countries. Originally started in
Yokohama and moved to the caption address in 1997, where the firm built the new
warehouse in Aug 2004 and set up the shearing line from coils into sheet. The
same year, obtained a custom bond warehouse license to be independent in-house
customs clearance facilities. Coils and
sheets are exported to Pakistan, Bangladesh, Philippines, Thailand, Vietnam,
China, India, Indonesia, other.
FINANCIAL INFORMATION
Financial are only partially
disclosed.
The sales volume for Jan/2011 fiscal
term amounted to Yen 1,725 million, a 33% up from Yen 1,948 million in the
previous term. Business in the previous
term was substantially affected by the global economic downturn. Sales returned to normal level. Exports rose into China and other S/E Asian
countries. The net profit was posted at
Yen 46 million, compared with Yen 38 million a year ago.
For the term that just ended Jan 2012 the
net profit was projected at Yen 48 million, on a 4% rise in turnover, to Yen
1,800 million. Business is seen
expanding steadily. 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 31.5
million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb
1993
Regd No.:
(Chiba-Ichihara) 054950
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 shares
Issued:
2,000 shares
Sum: Yen 100 million
Major shareholders (%): Hasib UR Rehman
(95), I Rehman (5)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports iron & steel coils & sheets
of: hot roll, cold roll, galvanized, galvanealed, galvalume, tin plate,
tin-free steel, color coils & sheets; shearing processing of color & GI
sheets, others (--100%).
Clients:
[Mfrs,
wholesalers] Exports to Pakistan, Bangladesh, Philippines, Thailand, Vietnam, China,
India, Indonesia, other.
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Supplied from domestic
iron/steel mfrs, steel traders, other.
Payment record: No Complaints
Location: Business area in
Ichihara City, Chiba-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References: National Bank of
Pakistan (Tokyo)
Chiba Bank
(Yawata)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/01/2012 |
31/01/2011 |
31/01/2010 |
31/01/2009 |
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Annual
Sales |
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1,800 |
1,725 |
1,290 |
1,948 |
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Recur.
Profit |
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Net
Profit |
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48 |
46 |
38 |
1 |
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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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288 |
256 |
230 |
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Capital,
Paid-Up |
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100 |
100 |
100 |
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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 |
4.35 |
33.72 |
-33.78 |
8.95 |
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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 |
2.67 |
2.67 |
2.95 |
0.05 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/01/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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1 |
Rs.76.75 |
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Euro |
1 |
Rs.63.57 |
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 SCs 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.