MIRA INFORM REPORT

 

 

Report Date :

14.01.2012

 

IDENTIFICATION DETAILS

 

Name :

ACM SUPPLY CO LTD

 

 

Registered Office :

ACM Bldg, 2-21-6 Yanagibashi Taitoku Tokyo 111-0052

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

1996

 

 

Com. Reg. No.:

(Tokyo-Taitoku) 022338

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export, wholesale of tonners, cartridges, OA equipment

 

 

No. of Employees :

12

 

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 6.6 Million

 

 

Status :

Small company

 

 

Payment Behaviour :

No complaints

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

ACM SUPPLY CO LTD

 

REGD NAME:    ACM Supply KK

 

 

MAIN OFFICE

 

ACM Bldg, 2-21-6 Yanagibashi Taitoku Tokyo 111-0052 JAPAN

Tel: 03-5825-8266         

Fax: 03-5825-8269   

                       

URL:                 http://www.acmsupply.co.jp

E-mail:              info@acmsupply.co.jp

 

 

ACTIVITIES  

 

Import, export, wholesale of tonners, cartridges, OA equipment

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

HIROSUKE YOGO, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

           

FINANCES                    FAIR                             A/SALES          Yen 360 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 118 M

STARTED                     1996                             EMPLOYES      12

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN STATIONERY AND OA EQUIPMENT.                          

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT

            ENGAGEMENTS: US$75,000 / O/A 60 DAYS

                                               

MAX CREDIT LIMIT: YEN 6.6 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hirosuke Yogo in order to make most of his experience in the subject line of business.  Business started upon obtaining import agency agreements from Taiwanese firms: SINONA, TUICO & GPI, as exclusive sales agent in Japan.  This is a trading firm for import, export and wholesale of stationery as mainline and OA equipment, mainline being tonner & cartridges, both new & recycled.  Also handles OPC drums, wiper drives, Mg roller sleeve, charged roller, etc.  Goods are imported and exported.          

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 360 million, a similar amount in the previous term. Export revenues and profits were hurt by the high Yen in Yen terms.  The net profit was posted at Yen 9 million, compared with Yen 10 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 10 million, on a 3% rise in turnover, to Yen 370 million.  Recycled cartridges & tonners continue in good demand overseas.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 6.6 million, on 30 days normal terms.  The proposed amount for 60 days terms is considered well within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:          Jun 1996

Regd No.:                                 (Tokyo-Taitoku) 022338

Legal Status:               Limited Company (Kabushiki Kaisha)

Authorized:                  800 shares

Issued:                         200 shares

Sum:                            Yen 10 million

Major shareholders (%): Hirosuke Yogo (100)

           

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

 

Activities: Imports, exports and wholesales stationery, OA equipment: tonners & cartridges, both new & recycled, OPC drums, wiper drives, CDM lamps, Mg roller sleeves, charged rollers, blades, others (--100%).

 

Clients: Mfrs, wholesalers, recycling firms, etc (Details not disclosed) 

No. of accounts: 300

Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Hitachi Metals, Tomoegawa Paper Mfg, Sakata Inks, other.

Imports from: SINONA, TUICO, GPI (--Taiwanese mfrs), other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

 

Bank References

 

Mizuho Bank (Asakusabashi)

Bank of China (Tokyo)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

370

360

360

370

Recur. Profit

　

　

　

　

　

Net Profit

　

10

9

10

12

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

118

112

105

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.78

0.00

-2.70

0.54

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

2.70

2.50

2.78

3.24

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.43

UK Pound

1

Rs.79.10

Euro

1

Rs.66.17

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.