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Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
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Name : |
TERRA MOTORS CORPORATION |
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Registered Office : |
Saito Bldg 5F, 34-5 Udagawacho Shibuyaku |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 2010 |
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Com. Reg. No.: |
0110-01-072092 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of electric motorcycles |
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No of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME:
TERRA
MOTORS CORPORATION
REGD NAME:
Terra Motors KK
MAIN OFFICE:
Saito Bldg 5F, 34-5 Udagawacho Shibuyaku
Tel: 03-6674-9558 Fax: 03-6690-4419
URL: http://www.terra-motors.co.jp
E-Mail address: info@terra-motors.co.kjp
ACTIVITIES:
Import, export, wholesale of
electric motorcycles
BRANCHES:
OVERSEAS:
OFFICERS:
TOHRU TOKUSHIGE, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 164 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 833 M
TREND SLOW WORTH Yen 584 M
STARTED 2010 EMPLOYES 20
COMMENT:
TRADING
FIRM SPECIALIZING IN ELECTRIC MOTORCYCLES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
HIGHLIGHTS:
The
subject company was established by Tohru Tokushige in order to make most of his
experience in the subject line of business.
This is a specialized mfr of electric motorcycles: scooters, tricycles,
others. Goods are manufactured at
factories in
FINANCIAL
INFORMATION:
The
sales volume for Mar/2014 fiscal term amounted to Yen 164 million, a 21% down
from Yen 208 million in the previous year.
Operations continued in the red to post Yen 44 million recurring loss
and Yen 47 million net losses, respectively, compared with Yen 16 million
recurring loss and Yen 2 million net losses, respectively, a year ago. Building costs and rising materials costs
continued to eat into the profits.
For
the t current term ending Mar 2015 the operations are projected to come back to
profitability to post Yen 20 million recurring profit and Yen 20 million net
profit, respectively, on a 7% rise in turnover, to Yen 175 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
REGISTRATION:
Date Registered:
Apr 2010
Regd No.: 0110-01-072092
(Tokyo-Shibuyaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 16,673
shares
Issued: 16,673
shares
Sum: Yen
833.65 million
Major shareholders (%): Mizuho Capital, Shinsei Bank, SMBC
Venture Capital, Aizawa Insurance Co, Fenox Venture Capital, other (breakdown
not available)
No. of shareholders: 15 (about)
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION:
Activities:
Manufactures electric motorcycles: scooters, tricycles, others (--100%)
Clients:
[Mfrs, wholesalers, DIY stores] Yodobashi Camera, Aeon Super Center, DCM
Holdings, Komeli Corp, Sunday Co, Encho Co, Kanseki Co, Bic Camera, Nippon Car
Solutions Co, Japanet Takata, other
No. of accounts: 200
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Imports from subcontracted factories in China, Vietnam,
other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises at
the caption address are leased and maintained satisfactorily.
Bank References:
Resona
Bank (Ichioka)
Mizuho
Bank (Shibuya)
Relations:
Satisfactory
FINANCES (In Million Yen)
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Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
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175 |
164 |
208 |
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Recur.
Profit |
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20 |
-44 |
-16 |
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Net
Profit |
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20 |
-47 |
-2 |
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Total
Assets |
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796 |
539 |
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Current
Assets |
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386 |
567 |
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Current
Liabs |
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211 |
10 |
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Net
Worth |
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584 |
629 |
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Capital,
Paid-Up |
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833 |
833 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
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S.Growth Rate |
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6.71 |
-21.15 |
4.00 |
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Current Ratio |
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.. |
182.94 |
5,670.00 |
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N.Worth Ratio |
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.. |
73.37 |
116.70 |
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R.Profit/Sales |
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11.43 |
-26.83 |
-7.69 |
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N.Profit/Sales |
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11.43 |
-28.66 |
-0.96 |
Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.