MIRA INFORM REPORT
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Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MAC CO LTD |
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Registered Office : |
1178 Kaminakata Joetsu Niigata-Pref
943-0814 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
November 2004 |
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Com. Reg. No.: |
(Niigata-Joetsu) 019928 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of semiconductor
mfg equipment & components |
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No. of Employees
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141 |
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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Maximum Credit Limit : |
Yen 83.2 Million |
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Status : |
Satisfactory |
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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 – September 30th, 2011
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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
MAC CO LTD
REGD NAME
KK M. A. C.
MAIN OFFICE
1178 Kaminakata Joetsu
Niigata-Pref 943-0814 JAPAN
Tel:
025-525-8181 Fax: 025-522-5615
*.. The given address is its Uozu Branch Office
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
semiconductor mfg equipment & components
BRANCHES
Tokyo,
Osaka, Himeji, Ishikawa, Toyama, Uozu, other (Tot 11)
FACTORIES
At the
caption address
OFFICERS
AKIO
YAMAGUCHI, PRES Yasuhide
Yamaguchi, v pres
Yoshiro
Kobayashi, v pres Takao
Dakukawa, s/mgn dir
Mitsuaki
Tanizaki, mgn dir Kazuhiro
Oshima, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,686 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND UP WORTH Yen 555 M
STARTED 2004 EMPLOYES 141
COMMENT
MFR OF SEMICONDUCTOR MFG EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 83.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a division separated
from Mac Technology Inc (See REGISTRATION). Akio Yamaguchi is concurrently pres at the
parent. This is a trading firm, with mfg
division, for import, export and wholesale of semiconductor mfg equipment &
components. Offers maintenance services,
too. Clients include major electronics
makers nationwide.
FINANCIAL INFORMATION
The sales volume for Feb/2011 fiscal term amounted to Yen 5,686 million,
a 13% up from Yen 5,042 million in the previous term. The recurring profit was posted at Yen 87
million and the net profit at Yen 124 million, respectively, compared with Yen
35 million recurring profit and Yen 20 million net profit, respectively, a year
ago.
For the current term ending Feb 2012 the recurring profit is projected
at Yen 90 million and the net profit at Yen 125 million, respectively, on a 2%
rise in turnover, to Yen 5,800 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 83.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 2004
Regd No.: (Niigata-Joetsu) 019928
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%): Mac Technology Inc* (100)
*.. Mfr of semiconductor mfg equipment, at the caption address, founded
1984, capital Yen
9 million, sales Yen 565 million, net profit Yen 2 million, employees 37,
pres Akio Yamaguchi, concurrently
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Manufactures,
imports, exports and wholesales semiconductor mfg equipment & components
(--100%)
Clients: [Mfrs, wholesalers]
Panasonic Corp, Shin-Etsu Chemical Ind, Toshiba Corp, Toshiba Mobile Display,
Sanyo Semiconductor Mfg Co, Shin-Etsu Engineering, Panasonic Environmental
Systems & Engineering Co, Tanabe Engineering, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Nihon Entegris KK, Hashimoto Sogyo Ltd, Canon Anelva Corp, Mac
Technology, Trusco Nakayama Corp, Stainless Kanzai Co, other
Payment record: Regular
Location: Business area in Joetsu,
Niigata-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
· Daishi Bank (Takada)
· Mizuho Bank (Niigata)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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5,800 |
5,686 |
5,042 |
7,190 |
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Recur.
Profit |
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90 |
87 |
35 |
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Net
Profit |
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125 |
124 |
20 |
100 |
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Total
Assets |
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2,814 |
2,612 |
2,991 |
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Current
Assets |
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1,957 |
1,854 |
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Current
Liabs |
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1,456 |
1,419 |
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Net
Worth |
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555 |
431 |
411 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
2.00 |
12.77 |
-29.87 |
-1.51 |
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Current Ratio |
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.. |
134.41 |
130.66 |
.. |
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N.Worth Ratio |
.. |
19.72 |
16.50 |
13.74 |
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R.Profit/Sales |
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1.55 |
1.53 |
0.69 |
.. |
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N.Profit/Sales |
2.16 |
2.18 |
0.40 |
1.39 |
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Return On Equity |
.. |
22.34 |
4.64 |
24.33 |
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Notes:
Forecast (or estimated) figures for the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.65.15 |
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.