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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AMCO CO LTD |
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Registered Office : |
Matsushita Bldg 2F, 4-5 Miyamotocho Tarumiku Kobe 655-0028 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
February 2004 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of ship’s equipment & outfit |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 |
AMCO CO LTD
REGD NAME: YK
AMCO
MAIN OFFICE: Matsushita
Bldg 2F, 4-5 Miyamotocho Tarumiku Kobe 655-0028 JAPAN
Tel:
078-939-6113 Fax: 078-707-6403
URL: http://www.amco-triton.co.jp
E-Mail address: info@amco-triton.co.jp
Import, wholesale
of ship’s equipment & outfit
Nagasaki
MASANORI
KOBAYASHI, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 702 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 3 M
TREND SLOW WORTH Yen
52 M
STARTED 2004 EMPLOYES 5
TRADING FIRM SPECIALIZING IN SHIP’S EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by Masanori Kobayashi 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 ship’s gears, equipment, other related
goods. Clients include ship builders,
ship owners, wholesalers, other.
Financial are only partially
disclosed.
The sales volume for Feb/2011 fiscal term amounted to Yen 702 million,
an 11% down from Yen 791 million in the previous term. Shipping market was slow to recover. New building orders were reduced. The net profit was posted at Yen 12 million,
compared with Yen 14 million a year ago.
For the term that ended Feb 2012 the
net profit was projected at Yen 12 million, on a 1% rise in turnover, to Yen
710 million. Final results are yet to be
released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Feb
2004
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240 shares
Issued: 60 shares
Sum: Yen 3 million
Major
shareholders (%): Masanori Kobayashi (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and
wholesales ship’s equipment: outfitting, lashing gear, cranes, interiors, other
(--100%)
Clients: [Ship builders,
ship owners, wholesalers] Mitsubishi Heavy Ind, New Ferry Co, Japan Sea Co,
Fuji Distribution Co, Universal Shipping Corp, MHI Marine Engineering, Sanko
Steamship Co, Niigata Shipbuilding Co, other
No. of accounts:
100
Domestic areas of
activities: Nationwide
Payment record: Slow but Correct
Location: Business area in
Kobe. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Akashi)
SMBC (Tarumi)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
|
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
|
Annual
Sales |
|
710 |
702 |
791 |
540 |
|
Recur.
Profit |
|
|
|
|
|
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Net
Profit |
|
12 |
12 |
14 |
10 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
52 |
40 |
26 |
|
Capital,
Paid-Up |
|
|
3 |
3 |
3 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.14 |
-11.25 |
46.48 |
131.76 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.69 |
1.71 |
1.77 |
1.85 |
|
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.