MIRA
INFORM REPORT
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Report Date : |
16.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
IMPEX INTERNATIONAL |
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Registered Office : |
Win Aoyama Bldg 707, 2-2-15 Minamiaoyama Minatoku Tokyo 107-0062 |
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Country : |
Japan |
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Date of Incorporation : |
1967 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Export of Garage Equipment & Supplies to
Pakistan |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name of the company
IMPEX INTERNATIONAL (SOLE PROPRIETORSHIP)
REGD NAME: Impex International
(Sole proprietorship and not registered)
MAIN OFFICE
Win Aoyama Bldg 707, 2-2-15 Minamiaoyama Minatoku Tokyo 107-0062 JAPAN
Tel: 03-3405-7272 Fax:
03-3405-7273
* The given address is the home address of
Iqbal Hanif (proprietor) at:
Famil Taishido #302, 5-29-16 Taishido
Setagayaku Tokyo 154-0005
Phone: 03-3414-3217; Fax: 03-3405-7379
URL
N/A
ACTIVITIES
Export of garage equipment & supplies to Pakistan
BRANCHES
Nil
OFFICER(S)
IQBAL HANIF, PROPRIETOR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 200 M*
PAYMENTS REGULAR CAPITAL - - -
TREND STEADY WORTH Yen 50 M
STARTED 1967 EMPLOYES 3
* Estimated only
COMMENT
EXPORTER OF GARAGE EQUIPMENT & SUPPLIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
UNABLE TO BE ASSESSED DUE TO THE ABSENCE OF FINANCIALS. HENCE, WE RECOMMEND ALL CREDITS TO BE FULLY
GUARANTEED ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject firm
is a sole proprietorship owned and managed by Iqbal Hanif, Pakistani resident,
who has been living in Japan over 40 years, speaking fluent Japanese. He had been with a shipping firm in Pakistan
and ventured to come to Tokyo to start his own company. Specialized exporter of garage equipment
& supplies exclusively to Pakistan.
Over 40 years experience in this line of business he has steady clients
there. Business will not be expanded
other than Pakistan, I Hanif says. He
also handles used Japanese cars as a sideline.
FINANCIAL INFORMATION:
Financials are not disclosed and the figures
have been collected from I Hanif himself, over the telephone conversation, and
not verified by outside sources.
The sales volume for Dec/2007 fiscal term
amounted to around Yen 200 million, a 10% rise from Yen 180 million in the
previous term. Exports revenues in Yen
terms rose thanks to weaker Yen against foreign currencies. The net profit is believed posted at Yen 10
million, but this unconfirmed.
For the current term ending Dec 2008 the net
profit is projected at Yen 10 million, on a 10% rise in turnover, to Yen 220
million.
The financial situation is considered FAIR,
as judged from the past business performance, and should be good for ORDINARY
business engagements. Max credit limit
is unable to be assessed due to the absence of financials, which are only professed
by the proprietor, Iqbal Hanif. We,
therefore, recommend that any credits on new transactions to be fully
guaranteed. Transactions are all based
on LC’s, Iqbal Hanif says.
REGISTRATION
Date Registered: Not
registered
(Founded 1967)
Legal Status: Sole
Proprietorship & not registered
This is a sole proprietorship solely owned
and operated by Iqbal Hanif, a Pakistani resident.
The net worth is estimated at Yen 50
million, which derived from his past savings.
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Exports garage equipment & supplies exclusively to
Pakistan (--100%).
Clients
[Mfrs, wholesalers] Exports solely to
Pakistan.
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Supplied from domestic
makers, wholesalers, car dealers, etc.
Payment record: Regular
Location
Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
MUFG (Minamiaoyama)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
NOT MADE AVAILABLE.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)