MIRA INFORM REPORT

 

 

Report Date :           

30.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

PACICO BOEKI CO LTD

 

 

Registered Office :

West One Bldg 4F, 2-10-3 Honkomagome Bunkyoku Tokyo 113-0021

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 2003

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of mining equipment, boring equipment

 

 

No. of Employees :

13

 

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 9.2 Million

Status :

Small Company 

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

 

PACICO BOEKI CO LTD

 

 

REGD NAME

 

Pacico Boeki KK

 

 

MAIN OFFICE

 

West One Bldg 4F, 2-10-3 Honkomagome Bunkyoku Tokyo 113-0021 JAPAN

Tel: 03-3946-5821     

Fax: 03-3946-5628

                                               

URL:                             http://www.pacico.co.jp

E-Mail address:                        sales@pacico.co.jp

 

 

ACTIVITIES

 

Import, wholesale of mining equipment, boring equipment, other

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

KIMIAKI MATSUZAKI, PRES

Akira Tatara, rep dir                                                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 372 M

PAYMENTS      No Complaints          CAPITAL           Yen 46 M

TREND             SLOW                          WORTH            Yen 154 M

STARTED                     2003                             EMPLOYES      13

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN BORING EQUIPMENT, INDUSTRIAL  EQUIPMENT, OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 9.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Akira Tatara in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import and wholesale of mining & boring equipment, probes, sensors, clinometers, other.  Goods are imported from USA, other.  Clients include oil refineries, universities, exploring companies, other.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 372 million, a 30% down from Yen 535 million in the previous term.  The net profit was posted at Yen 10 million, compared with Yen 18 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 10 million, on a 5% rise in turnover, to Yen 390 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 9.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 2003

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         3,600 shares

Issued:              920 shares

Sum:                   Yen 46 million

 

Major shareholders (%): Pacico Holdings Co*, Akira Tatara, other (100) *.. Holding Company

 

No. of shareholders: 6

 

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

 

 

OPERATION

           

Activities: Imports and wholesales mining equipment, boring equipment, probes, thermograph, clinometers, vibration sensors, other (--100%)

 

Clients: [Mfrs, government agencies, universities, wholesalers] Tokyo Univ. Japan Petroleum Exploration Co, Kyoto Univ, JGI Inc, Geophysical Survey Inc, National Institute for Environmental Studies, Forestry & Forest Products Research Institute, Public Works Research Institute, National Research Institute of Fisheries Science, Fisheries Research Agency, other

           

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Geo Space, Halliburton Energy Service, Onset Computer, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Komagome)

Mizuho Bank (Komagome)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

390

372

535

439

Recur. Profit

　

　

　

29

13

Net Profit

　

10

10

18

7

Total Assets

　

　

N/A

176

159

Net Worth

　

　

154

144

130

Capital, Paid-Up

　

　

46

46

46

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.84

-30.47

21.87

-2.44

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

81.82

81.76

    N.Profit/Sales

2.56

2.69

3.36

1.59

 

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.51.15

UK Pound

1

Rs.81.41

Euro

1

Rs.68.22

 

 

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.