MIRA INFORM REPORT
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Report Date : |
07.08.2010 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Haseko Bldg 5F, 2-19-8 Hatchobori Chuoku |
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Country : |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
February 1998 |
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Com. Reg. No.: |
(Tokyo-Chuoku)
082217 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of
roof boards, working tools |
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 |
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Maximum Credit Limit : |
Yen 12.6 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company naMe
REGD NAME:
KK Dee Trading
MAIN OFFICE:
Haseko Bldg 5F, 2-19-8
Hatchobori Chuoku
Tel:
03-3555-2115 Fax: 03-3555-2117
URL: http//:www.deetrading.com
E-mail: info@deetrading.com
ACTIVITIES:
Import,
export, wholesale of roof boards, working tools
BRANCHES:
Nil
OFFICER(S):
DAISUKE
Satoshi
Adachi, rep dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY:
FINANCES R/WEAK A/SALES Yen 702 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen 43 M
STARTED 1998 EMPLOYES 10
COMMENT:
TRADING
FIRM SPECIALIZING IN ROOF BOARDS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 12.6 MILLION,
30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Daisuke Fujiyama in
order to make most of his experience in the subject line of business. This is a trading firm specializing in
import, export and wholesale of roof boards, roofing classic tiles, aluminum
rain gutters, working tools, other.
Goods are imported centrally from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2009 fiscal term amounted to Yen 702 million, a 6% down from Yen 748 million in the previous term, as affected by the global economic downturn. For fiscal 2008 domestic condominium orders dropped 30% from fiscal 2007, as reported. The net profit was posted at Yen 10 million, compared with Yen 13 million a year ago. .
For the current term ending Sept 2010 the net profit is projected at Yen 11 million, on a 3% rise in turnover, to Yen 720 million. The number of housing starts rose 0.6% in Apr 2010 from a year earlier, for the first time in 17 months, after falling by 2.4% in March, according to the data from the Ministry of Land, Infrastructure & Transport. The increase is mainly due to rising demand for condominiums from real estate companies, as higher sales are expected on the back o a continued recovery in the Japanese economy.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 12.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1998
Regd No.: (Tokyo-Chuoku) 082217
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,600
shares
Issued: 400
shares
Sum: Yen 20
million
Major shareholders (%):
Daisuke Fujiyama (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales roof boards, roofing classic tiles, aluminum seamless rain gutters, metal working tools, vynal siding tools, fiberglass duct tools, roofing nail guns, cut wrought nails, others (--100%).
Clients: [Mfrs, wholesalers] Sumisho & Mitsuibussan Kenzai co, Itochu Kenzai Corp, Satoh Co, JUTEC Corp, Shoko Co, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Almett, Hancock, Seamless Gutter, KWM, other in
Payment record: Regular
Location:
Business area in
Bank References:
SMBC (Tsukiji)
Resona Bank (Tokyo-Chuo)
Relations: Satisfactory
FINANCES (In Million Yen)
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Terms Ending: |
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30/09/2010 |
30/09/2009 |
30/09/2008 |
30/09/2007 |
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Annual
Sales |
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720 |
702 |
748 |
688 |
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Recur.
Profit |
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20 |
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Net
Profit |
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11 |
10 |
13 |
10 |
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Total
Assets |
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N/A |
314 |
N/A |
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Net
Worth |
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43 |
33 |
20 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.56 |
-6.15 |
8.72 |
22.86 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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10.51 |
.. |
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N.Profit/Sales |
1.53 |
1.42 |
1.74 |
1.45 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2010 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.02 |
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1 |
Rs.73.21 |
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Euro |
1 |
Rs.60.70 |
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 |
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.