|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PLANT ENGINEERING CORPORATION |
|
|
|
|
Registered Office : |
Hirose Bldg 8F, 3-17 Kanda-Nishikicho Chiyodaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
April 1987 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Chiyodaku) 028653 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Plant Maintenance Works |
|
|
|
|
No. of Employees : |
18 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 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 |
PLANT ENGINEERING CORPORATION
REGD NAME: Plant
Maintenance KK
MAIN OFFICE: Hirose
Bldg 8F, 3-17 Kanda-Nishikicho Chiyodaku Tokyo 101-0054
Tel:
03-5259-1611 Fax: 03-5259-1621
URL: http//:www.pmchq.co.jp
E-mail: gaff@pmchq.co.jp
Plant maintenance
works
Nil
KAZUO SAITO, PRES Tomokazu Saitoh, mgn dir
Keiko Nogita, dir Miyoko Murakami, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,993 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
50 M
TREND SLOW WORTH Yen 329 M
STARTED 1987 EMPLOYES 18
PLANT MAINTENANCE
FIRM.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established
on the basis of a chemical division separated from Mitsui& Co Ltd. This is a plant maintenance firm covering a
wide range of plants overseas. In Nov
2003, the company board and employees obtained the company through MBO. And in November 2006, the firm became fully
independent from its former company, Mitsui & Co Ltd. Activities cover overseas plants:
petrochemical, oil refinery, gas chemical, iron & steel, coal, mineral
refining, other (See OPERATION). It exports plant equipment, spare parts,
other
The sales volume for Mar/2011 fiscal
term amounted to Yen 1,993 million, a 44% down from Yen 3,568 million in the
previous term. The recurring profit was
posted at Yen 23 million and the net profit at Yen 11 million, respectively,
compared with Yen 69 million recurring profit and Yen 42 million net profit,
respectively, a year ago. .
For the term that ended Mar 2012 the
recurring profit was projected at Yen 30 million and the net profit at yen 20
million, respectively, on a 10% rise in turnover, to Yen 2,200 million. Final results are yet to be released.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1987
Regd No.: (Tokyo-Chiyodaku) 028653
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major
shareholders (%): Kazuo Saitoh (40), Tomokazu Takahashi (30), Keiko Nogita (15), Miyoko
Murakami (13), Employees S/Holding Assn (2)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Plant
maintenance business for: refinery, petrochemical, fertilizer, LNG & Gas,
power plant (coal, petroleum, gas, waterpower, atomic energy), mining refining,
plant and steel plant, material handling equipment, water treatment plant (RO
seawater desalination plant), other, including supply of equipment (new
facility introduction and modification), supply of spare parts, technical
advisory service, other (--100%).
Clients: [Mfrs,
wholesalers] Mitsui & Co, other
Exports plant equipment & spare parts
to: India, Mexico, Venezuela, Russia, Korea, Brazil, Argentine, Indonesia,
Kuwait, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsui Zosen Shipbuilding, Hitachi Ltd, Nippon Steel, Kobe Steel,
Japan Steel Works, MES Techno Service, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Kanda)
MUFG (Kanda)
Relations: Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
2,200 |
1,993 |
3,568 |
2,453 |
|
Recur.
Profit |
|
30 |
23 |
69 |
42 |
|
Net
Profit |
|
20 |
11 |
42 |
23 |
|
Total
Assets |
|
|
648 |
852 |
845 |
|
Current
Assets |
|
|
484 |
691 |
708 |
|
Current
Liabs |
|
|
281 |
488 |
520 |
|
Net Worth |
|
|
329 |
326 |
287 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(₯) |
|
|
2,000.00 |
4,000.00 |
8,000.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
10.39 |
-44.14 |
45.45 |
2.98 |
|
|
Current Ratio |
|
.. |
172.24 |
141.60 |
136.15 |
|
N.Worth Ratio |
.. |
50.77 |
38.26 |
33.96 |
|
|
R.Profit/Sales |
|
1.36 |
1.15 |
1.93 |
1.71 |
|
N.Profit/Sales |
0.91 |
0.55 |
1.18 |
0.94 |
|
|
Return On Equity |
.. |
3.34 |
12.88 |
8.01 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 SCs 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.