MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL SERVICE CO LTD

 

 

Registered Office :

166-3 Isabe Higashikakicho Kakogawa Hyogo-Pref 675-0056

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

September  1987

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Export of used die-casting machines, injection molding machines

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

INTERNATIONAL SERVICE CO LTD

REGD NAME:    International Service KK

MAIN OFFICE:  166-3 Isabe Higashikakicho Kakogawa Hyogo-Pref 675-0056JAPAN

Tel: 079-432-2300      Fax: 079-432-2728

 

URL:                 N/A

 

 

ACTIVITIES

 

Export of used die-casting machines, injection molding machines

 

BRANCHES

 

Nil

 

FACTORIES

 

Kakogawa (warehouse)

 

 

OFFICERS

 

JUN AKAMATSU, PRES

Etsuko Akamatsu, s/mgn dir

Hiroshi Kajiwara, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK           A/SALES          Yen 253 M

PAYMENTS      SLOW              CAPITAL           Yen 10 M

TREND             SLOW              WORTH            Yen 29 M

STARTED                     1987                 EMPLOYES      10

 

 

COMMENT    

 

EXPORTER OF USED DIECASTING MACHINES.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Jun Akamatsu in order to make most of his experience in the subject line of business.  This is a family-based trading firm for exporting used die-casting machines, injection molding machines, other.  Exports to China, S/E Asia, other.  Goods are supplied from domestic machinery makers.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 253 million, a 5% up from Yen 242 million in the previous term.  The net profit was posted at Yen 5 million, compared with Yen 3 million a year ago.

 

For the term that ended Mar 2012 the net profit was projected at Yen 5 million, on a 3% rise in turnover, to Yen 260 million.   Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.

 

 

REGISTRATION

 

Date Registered:  Sept 1987

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Jun Akamatsu, Etsuko Akamatsu (--100)

No. of shareholders: 2

 

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

 

 

 

 

 

 

OPERATION

 

Activities: Exports used die-casting machines, injection molding machines, other (--100%)

 

Clients: [Mfrs, wholesalers] Exports to China, S/E Asia, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Toyo Machinery & Metal Co, Sango Corp, Iwabuchi Netsukiden Co, Toshiba Machinery Co, other

 

Payment record: Slow

 

Location: Business area in Kakogawa, Hyogo-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Minato Bank (Miki)

SMBC (Kakogawa)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

260

253

242

162

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

3

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

29

24

21

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.77

4.55

49.38

-50.91

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.92

1.98

1.24

0.62

 

Notes: Financials are only partially disclosed.

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.