MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ADACHI CO LTD

 

 

Registered Office :

1-7 Hamacho Nagasaki 850-0161

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

April 1948

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export of plant facilities, equipment, Industrial machinery

 

 

No. of Employees :

80

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

ADACHI CO LTD

REGD NAME:    KK Adachi

MAIN OFFICE:  1-7 Hamacho Nagasaki 850-0161 JAPAN

Tel: 095-822-0162      Fax: 095-828-0870

 

URL:                 http://www.adachi-kk.co.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Import, export of plant facilities, equipment, Industrial machinery

 

BRANCHES

 

Tokyo, Fukuoka, Nagoya, Sagamihara, Utsunomiya, Akashi

 

 

OFFICERS

 

ICHIZO ADACHI, PRES              Kenji Adachi, ch

Eizo Adachi, v pres                    Kentaro Adachi, mgn dir

Kenichiro Adachi, mgn dir                       Masahiro Miura, dir

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 12,212 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND UP                    WORTH            Yen 1,406 M

STARTED         1948                 EMPLOYES      80

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN INDUSTRIAL MACHINERY.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

HIGHLIGHTS

           

            This is a trading firm, wholly owned and managed by the Adachi family, for import, export and wholesale of plant machinery, equipment industrial machinery, electronic appliances, other.  Clients include major heavy machinery makers, nationwide.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Aug/2011 fiscal term amounted to Yen 12,212 million, a 6% up from Yen 11,374 million in the previous term.  The recurring profit was posted at Yen 275 million and the net profit at Yen 159 million, respectively, compared with Yen 314 million recurring profit and Yen 132 million net profit, respectively, a year ago.

 

            For the current term ending Aug 2012 the recurring profit is projected at Yen 280 million and the net profit at Yen 165 million, respectively, on a 2% rise in turnover, to Yen 12,500 million.  

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Apr 1948

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

Major shareholders (%): Kenji Adachi (25), Ichizo Adachi (25), Eizo Adachi (25),

Kenichiro Adachi (25)

No. of shareholders: 4

 

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales plant machinery & equipment, industrial machinery, ship equipment, electronic appliances, other (--100%)

 

Clients: [Mfrs, wholesalers] Nagano Japan Radio Co, Mitsubishi Heavy Ind, Fuji Heavy Ind, Bridgestone, Panasonic Factory Solutions, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Asahi Kasei Chemicals, Oki Electric Ind, Japan Radio, Nippon Signal, other

 

Payment record: Regular

 

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

 

Bank References:

Jyuhachi Bank (H/O)

MUFG (Nagasaki)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/08/2012

31/08/2011

31/10/2010

31/10/2009

Annual Sales

　

12,500

12,212

11,574

11,977

Recur. Profit

　

280

275

314

　

Net Profit

　

165

159

132

207

Total Assets

　

　

7,132

6,957

6,072

Current Assets

　

　

5,105

4,821

　

Current Liabs

　

　

5,615

5,610

　

Net Worth

　

　

1,406

1,247

1,114

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.36

5.51

-3.36

-13.01

    Current Ratio

 

..

90.92

85.94

..

    N.Worth Ratio

..

19.71

17.92

18.35

    R.Profit/Sales

 

2.24

2.25

2.71

..

    N.Profit/Sales

1.32

1.30

1.14

1.73

    Return On Equity

..

11.31

10.59

18.58

 

Notes: Forecast (or estimated) figures for the 31/08/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.96

Euro

1

Rs.71.40

 

 

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 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.