MIRA
INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
PASCAL CORPORATION |
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Registered Office : |
2-14-7 Konoike Itami Hyogo-Pref 664-0006 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May, 1974 |
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Com. Reg. No.: |
(Hyogo-Itami) 000006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of factory automation equipment and systems |
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No. of Employees : |
50 |
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 110.4 million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – September 30, 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
PASCAL CORPORATION
REGD NAME
Pascal KK
MAIN OFFICE
2-14-7 Konoike Itami Hyogo-Pref 664-0006 JAPAN
Tel: 072-777-4555
Fax: 072-777-3520
URL: http://www.pascaleng.co.jp
E-Mail address: info@pascaleng.co.jp
ACTIVITIES
Mfg of factory automation equipment & systems
BRANCHES
Kumagaya, Atsugi, Nagoya, Osaka
OVERSEAS
USA, Germany, China (5), Taiwan, Thailand, Korea
FACTORIES
Yamagata, Oita, Dalian (China)
OFFICERS
ICHIRO KITAURA, PRES
Taichiro Kitaura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,200 M
PAYMENTS REGULAR CAPITAL Yen 99 M
TREND UP WORTH Yen 1,500 M
STARTED 1974 EMPLOYES 50
COMMENT
MFG OF FA EQUIPMENT & SYSTEMS. FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 110.4
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Ichiro Kitaura in order to make
most of his experience in the subject line of business. Originally named as Aioi Seiki Inc and
renamed as captioned in 1986. This is a
specialized mfg of factory automation equipment & systems: machine tools,
pressing machines, metal working machines, precision instruments, other (See
OPERATION). Has overseas subsidiaries
& office in USA, Germany, China, Korea, Thailand, Taiwan, other. Factory in Dalian (China) supplies to the
local market as well as exports. Clients
include major automakers, engineering firms, machine mfrs, other, nationwide.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 6,200 million,
a 50% up from Yen 4,000 million in the previous term. Business recovered from the depressed market
in the previous term as affected by the global economic downturn. Automakers revived. Exports rose.
Production in China increased.
The net profit is estimated posted at Yen 100 million, compared with Yen
70 million a year ago. Profits are not
precisely disclosed and they are estimated.
For the current term ending Mar 2012 the net profit is projected at Yen
110 million, on a 5% rise in turnover, to Yen 6,300 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 110.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1974
Regd No.: (Hyogo-Itami) 000006
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800,000 shares
Issued: 199,980 shares
Sum: Yen 99.99 million
Major shareholders
(%): Ichiro Kitaura & families (--100)
No. of
shareholders: 5
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Manufactures
factory automation equipment & systems: work clamping system, expansion
clamp, gas springs, mini gas spring, molding machine system, octagonal locate
ring, magnetic ejector rod, machine tool system, Pal coupling, press machine
system, mag clamp, die casting machine system, C-plate mag clamp, robot tool
changer WVR, Pascal pumps, other (--100%)
Clients: [Mfrs, wholesalers]
Toyota Motor, Aida Engineering, Fuji Heavy Ind, Toshiba Machine, Mitsubishi
Heavy Ind, Komatsu Ltd, Mori Seiki Co, Fanuc Corp, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Pascal Yamagata, Pascal Oita, Pascal Trading, other
Payment record: Regular
Location: Business area in
Itami, Hyogo-Pref. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
SMBC (Itami)
Mizuho Bank (Kobe)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual Sales |
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6,300 |
6,000 |
4,000 |
7,500 |
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Recur. Profit |
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Net Profit |
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110 |
100 |
70 |
110 |
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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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1,500 |
1,400 |
1,330 |
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Capital, Paid-Up |
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99 |
99 |
99 |
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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 |
5.00 |
50.00 |
-46.67 |
2.74 |
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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 |
1.75 |
1.67 |
1.75 |
1.47 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2012 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.51.43 |
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1 |
Rs.79.10 |
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Euro |
1 |
Rs.66.17 |
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.