MIRA INFORM REPORT

 

 

Report Date :           

24.01.2012

 

IDENTIFICATION DETAILS

 

Name :

A C M CO LTD

 

 

Registered Office :

MYS Bldg 3F, 4-8-10 Ryogoku Sumidaku Tokyo 130-0026

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

September 1984

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of water purification device & system

 

 

No. of Employees :

35

 

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 33.0 Million

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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

 

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

 

A C M CO LTD

 

 

REGD NAME 

 

KK A.C.M.

 

 

MAIN OFFICE

 

MYS Bldg 3F, 4-8-10 Ryogoku Sumidaku Tokyo 130-0026 JAPAN

Tel: 03-3634-7373      Fax: 03-3634-7384

                                               

URL:                             http://www.acm-pi.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Mfg of water purification device & system

 

 

BRANCHES

 

Fukuoka

 

 

FACTORIES

 

At the caption address, Funabashi (Chiba)

 

 

OFFICERS

 

YOSHIMASA KIJIMA, PRES

Yasuyoshi Kijima, rep dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 501 M

PAYMENTS      REGULAR                     CAPITAL           Yen 50 M

TREND             SLOW                          WORTH            Yen 273 M

STARTED                     1984                             EMPLOYES      35

 

 

COMMENT    

 

MFR OF WATER PURIICATION SYSTEM.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 33.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Yoshimasa Kijima in order to make most of his experience in the subject line of business.  This is a specialized mfr of water purification system, for household and business uses. 

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for July/2011 fiscal term amounted to Yen 501 million, a 9% down from Yen 550 million in the previous term.  The net profit was posted at Yen 1 million, compared with Yen 3 million a year ago.  Wrote off NC’s for the term.

 

For the current term ending July 2012 the net profit is projected at Yen 10 million, on a 6% rise in turnover, to Yen 530 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 33.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Sept 1984

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         400,000 shares

Issued:              100,000 shares

Sum:                   Yen 50 million

 

Major shareholders (%): Yoshimasa Kijima (90)

 

No. of shareholders: 3

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures water purification systems & devices (--100%)

 

Clients: [Mfrs, wholesalers] France Bed, Nichiri Co, Yuasa Trading Co, TB Group firms, Mazda Ace Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Advantec MFS Co, Kubota Pipe Mfg, Futamura Chemical, other

 

Payment record: Regular

 

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

 

Bank References:

MUFG (Honjo)

Tokyo Shinkin Bank (Asakusa)

Relations: Satisfactory

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/07/2012

31/07/2011

31/07/2010

31/07/2009

Annual Sales

　

530

501

550

640

Recur. Profit

　

10

6

　

　

Net Profit

　

10

1

3

4

Total Assets

　

　

764

N/A

N/A

Net Worth

　

　

273

　

　

Capital, Paid-Up

　

　

50

　

　

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.79

-8.91

-14.06

-14.67

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

35.73

..

..

    N.Profit/Sales

1.89

0.20

0.55

0.63

 

Notes: Forecast (or estimated) figures for the 31/07/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.24

UK Pound

1

Rs.78.13

Euro

1

Rs.64.79

 

 

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.