MIRA INFORM REPORT

 

 

Report Date :

31.10.2013

 

IDENTIFICATION DETAILS

 

Name :

NIHON COATING CO LTD

 

 

Registered Office :

1-8-8 Daimotsucho Amagasaki Hyogo-Pref 660-0823

 

 

Country :

Japan

 

 

Date of Incorporation :

August 1993

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Mfg of halogen lamp bulbs, incandescent lamp bulbs, mirror lamp bulbs

 

 

No. of Employees :

30

 

 

COMPANY NAME AND ADDRESS

 

NIHON COATING CO LTD

REGD NAME:   KK Nihon Coating

MAIN OFFICE:  1-8-8 Daimotsucho Amagasaki Hyogo-Pref 660-0823 JAPAN

Tel: 06-4868-3755   

      Fax: 06-4868-3891

 

URL:                 http://www.nihoncoating.com

E-Mail address: info@nihoncoating.com

 

ACTIVITIES     

 

Mfg of halogen lamp bulbs, incandescent lamp bulbs, mirror lamp bulbs

 

BRANCHES

 

Nil

 

OVERSEAS     

 

China

 

FACTORIES    

 

At the caption address (2 factories)

 

OFFICERS

 

TATSUYA OHTA, PRES

           

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY      

 

FINANCES        FAIR                             A/SALES          Yen 360 M

PAYMENTSSlow but correct      CAPITAL           Yen 14 M

TREND SLOW                           WORTH            Yen 30 M

STARTED         1993                             EMPLOYES      30

 

COMMENT

 

MFR OF LAMP BULBS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 6.3 MILLION, 30 DAYS NORMAL TERMS

 

HIGHLIGHTS

           

            The subject company was established by Tatsuya Ohta in order to make most of his experience in the subject line of business.  This is a specialized mfr of halogen lamp bulbs, incandescent lamp bulbs, mirror lamp bulbs, other.  Has office in China for marketing.  Clients include electric makers, other.

FINANCIAL INFORMATION

           

Financials are only partially disclosed for Mar/2012 and Mar/2013 fiscal terms only.

 

The sales volume for ^/2013 fiscal term amounted to Yen 360 million, a similar amount in the previous term.  Profits are not disclosed and only estimated at around Yen 5 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 6.3 million, on 30 days normal terms.

 

REGISTRATION

 

Date Registered:       Aug 1993

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         1,120 shares

Issued:                280 shares

Sum:                   Yen 14 million

     Major shareholders (%): Tatsuya Ohta (100)

 

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

 

OPERATION

           

Activities: Manufactures halogen lamp bulbs, incandescent lamp bulbs, mirror lamp bulbs, other (--100%)

 

Clients: [Mfrs, wholesalers] PIAA, GE Consumer Products Japan, Stanley Electric, other 

No. of accounts: 150

Domestic areas of activities: Centered in greater-Osaka

 

Payment record: Slow but correct

 

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

 

Bank References:

Local Bank (Osaka & Kobe)

Relations: Satisfactory

 

FINANCES

 

(In Million Yen)

 

Financials are disclosed for only two terms as above

 

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.