MIRA INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
PLUS K COMPANY LTD |
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Registered Office : |
5-20-11 Todoroki Setagayaku Tokyo 158-0082 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
May 1984 |
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Com. Reg. No.: |
010785 (Tokyo-Setagayaku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Export of Mining Machinery,
Machine Tools, Tires |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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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
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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 AND ADDRESS
PLUS K COMPANY LTD
REGD NAME: KK
Plus K
MAIN OFFICE: 5-20-11
Todoroki Setagayaku Tokyo 158-0082 JAPAN
Tel:
03-5760-0070 Fax: 03-5760-0072
URL: N/A
ACTIVITIES
Export
of mining machinery, machine tools, tires
BRANCHES
Nil
OFFICERS
JOHN E
HAMILTON, PRES (British resident)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 150 M
PAYMENTS UNKNOWN CAPITAL Yen 10 M
TREND UP WORTH Yen 37 M
STARTED 1984 EMPLOYES 2
COMMENT
EXPORTER OF MINING EQUIPMENT AND TIRES.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 2.7 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established John E Hamilton, a
British businessman, in order to make most of his experience in foreign
trading. Having lived in Japan for over
30 years, speaking admirably fluent Japanese, he has cultivated business network
in Japan linking overseas clients. One
will not take him for a foreigner from his Japanese speaking unless his English
name is mentioned. This is a one-man
operated trading firm, operating from his home address, for exporting mining
machinery & equipment, machine tools, tires for use in trucks for mining
operations. His main clients are, as
disclosed from the owner, Rio Tint (Canada) and Biola Nifty (India). This is more than good proof of his business
network, according to him.
FINANCIAL INFORMATION
The financials are only partially disclosed.
The sales volume for Feb/2011 fiscal term amounted to Yen
150 million, a 50% up from Yen 100 million in the previous term. The net profit was posted at Yen 7 million,
compared with Yen 5 million a year ago.
For the current term ending Feb 2012 the net profit is
projected at Yen 8 million, on a 3% rise in turnover, to Yen 155 million.
The financial situation is considered RTHE WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 2.7 million, on 30 days normal
terms.
REGISTRATION
Date Registered :
May 1984
Regd No. : (Tokyo-Setagayaku) 010785
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 800 shares
Issued : 200
shares
Sum : Yen
10 million
Major shareholders (%): John
E Hamilton (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities:
Exports mining machinery & equipment, machine tools, tires for trucks in
mining
operations (--100%).
Exports to
Australia, UK, India, other.
Clients: Exports to: Rio Tint (Canada),
Biola Nifty (India), Consolidated Minerals, Smogon Steel, South African
Mining firms,
other.
No. of accounts:
Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Mfrs, wholesalers] Roku-Roku Co, Yamazaki Mazak, Amano Corp, Komatsu, OTR
wholesalers, other
Payment record:
Unknown
Location: Business area in Tokyo. Office premises at the caption address are
owned by J H Hamilton as his private residence and maintained satisfactorily.
Bank References:
MUFG
(Jiyugaoka-Ekimae)
Relations:
Money deposits & transfers only.
FINANCES
(In Million Yen)
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Terms Ending: |
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29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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155 |
150 |
100 |
100 |
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Recur.
Profit |
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Net
Profit |
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8 |
7 |
5 |
5 |
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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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37 |
30 |
25 |
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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 |
3.33 |
50.00 |
0.00 |
0.00 |
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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 |
5.16 |
4.67 |
5.00 |
5.00 |
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Notes:
Financials are only partially disclosed.
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 |
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US Dollar |
1 |
Rs.5143 |
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UK Pound |
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.