MIRA INFORM REPORT

 

 

Report Date :

27.06.2014

 

IDENTIFICATION DETAILS

 

Name :

DOI PRECISION LAPPING CO LTD

 

 

Registered Office :

5-3-18 Omori=Minami Otaku Tokyo 143-0013

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2013

 

 

Date of Incorporation :

November 1967

 

 

Com. Reg. No.:

0108-01-008195

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of stone surface plates, lapping machining works, masonry works

 

 

No of Employees :

16

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

COMPANY NAME:

 

DOI PRECISION LAPPING CO LTD

 

 

REGD NAME:  

 

Doi Seimitsu Lap KK

 

 

MAIN OFFICE: 

 

5-3-18 Omori=Minami Otaku Tokyo 143-0013 JAPAN

Tel: 03-3741-5641      Fax: 03-3741-7357

 

URL:                 Error! Hyperlink reference not valid.micro-granite.co.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES:    

 

Mfg of stone surface plates, lapping machining works, masonry works

 

 

BRANCHES:    

 

Nil

 

 

OVERSEAS:    

 

Korea, Taiwan

 

 

FACTORIES:   

 

At the caption address (2), Gifu

 

 

OFFICERS:      

 

MASAHIDE DOI, PRES             Kozo Doi, s/mgn dir

Toshio Doi, mgn dir                               Namiko Doi, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY:     

 

FINANCES        FAIR                             A/SALES          Yen 238 M

PAYMENTSSLOW BUT CORRECT         CAPITAL           Yen 70 M

TREND SLOW                           WORTH                   Yen 206 M

STARTED         1967                             EMPLOYES      16

 

 

COMMENT:     

 

MFR OF STONE PLATES, LAPPING MACHINING WORKS, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS:

           

The subject company was established originally in 1965 by Takashi Doi, on his account, in order to make most of his experience in the subject line of business.  Incorporated in.1967 the firm has been succeeded by his descendants.  This is a specialized mfr, owned and operated by the Doi family, of stone surface plates, lapping works, masonry works, other.  Materials are imported from India, other.  Clients include major electronics makers, machine works, other

 

 

FINANCIAL INFORMATION:

           

Financials are disclosed only partially for the Mar/2013 fiscal term.

 

The sales volume for Sept/2013 fiscal term amounted to Yen 238 million, an 11% down from Yen 268 million in the previous term.  Demand declined due to the sluggish related industries.  The operations were down to unprofitability to post Yen 25 million net losses for the term, compared with Yen 1 million net profit a year ago

 

For the current term ending Sept 2014 the operations are projected to come back to profitability to post Yen 1 million net profit, on a 3% rise in turnover, to Yen 245 million.

 

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

 

 

REGISTRATION:

 

Date Registered:                       Nov 1967

Regd No.:                                 0108-01-008195 (Tokyo-Otaku)

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                              5,600 shares

Issued:                         1,400 shares

Sum:                            Yen 70 million

Major shareholders (%):           Masahide Do, Kozo Doi, Toshio Doi, Namiko Doi (--each 25),

No. of shareholders: 4

 

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

 

 

OPERATION:

           

Activities: Manufactures stone surface plates, lapping machining method works, masonry works, other (--100%)

Material stones are imported from India centrally

 

 

Clients: [Mfrs, wholesalers] Fanuc Corp, Mitsutoyo Corp, Mitsubishi Electric, Sony Corp, Makino Milling Machine Co, Nikon Corp, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports materials from India, other

 

Payment record: Slow but correct

 

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

 

Bank References:

                        MUFG (Haneda)

                        SMBC (Omori)

                        Relations: Satisfactory

 

 

FINANCES (IN MILLION YEN)

 

       Terms Ending:

30/09/2013

30/09/2012

30/09/2011

30/09/2010

Annual Sales

　

238

268

313

314

Recur. Profit

　

　

1

-26

　

Net Profit

　

-25

1

-26

16

Total Assets

　

　        N/A

400

406

         N/A

Current Assets

　

　

255

239

　

Current Liabs

　

　

25

176

　

Net Worth

　

206

231

230

　

Capital, Paid-Up

　

70

70

70

70

Div.P.Share(¥)

　

0

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

-11.19

-14.38

-0.32

..

    Current Ratio

..

1,020.00

135.80

..

    N.Worth Ratio

..

57.75

56.65

..

    R.Profit/Sales

..

0.37

-8.31

..

    N.Profit/Sales

-10.50

0.37

-8.31

5.10

    Return On Equity

..

0.43

-11.30

..

 

Notes: Resulted figures for the 30/09/2013 fiscal term, although only partially disclosed.

 

INFORMATION DETAILS

 

Analysis Done by :

SMT

 

 

Report Prepared by :

DPT

 

 

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%)

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