MIRA INFORM REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AFFIVAL KK |
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Registered Office : |
Tamaki Bldg 7F, 2-15-17 Shimbashi Minatoku
Tokyo 105-0004 |
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Country : |
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Date of Incorporation : |
May 1987 |
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Com. Reg. No.: |
0104-01-001910 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of cored wires, wire
feeding systems for steel makers |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
AFFIVAL KK
REGD
NAME
Affival KK
MAIN
OFFICE
Tamaki Bldg 7F,
2-15-17 Shimbashi Minatoku
Tel:
03-3508-8682 Fax: 03-3508-8683
URL: Http://www.affivalinc.com
(French parent)
E-Mail address: info@affival.com; taida@aurora.dti.ne.jp
ACTIVITIES
Import,
wholesale of cored wires, wire feeding systems for steel makers
BRANCHES
Nil
OFFICER(S)
YOH
TAIDA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen
300 M*
PAYMENTS Unknown
CAPITAL Yen 25 M
TREND UNDETD WORTH Yen
130 M*
STARTED 1987 EMPLOYES 3
*..
Estimated figures only as no financials are released.
COMMENT
IMPORTER
SPECIALIZING IN CORED WIRES AND PHERIPHERAL EQUIPMENT, OWNED BY AFFIVAL GROUP,
FRANCE.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 5.2 MILLION, 30 DAYS NORMAL TERMS.
WE RECOMMEND SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was
established as the Japan Office by Affival Group, France, for marketing its
products of nonferrous metals and products.
The firm imports industrial cored wires, produced by the Group, for
steel industry. Also handles wire
injection equipment & systems, and associated products. This is a commission merchant for the French
parent. Clients are major steel mills
nationwide. The firm declined again to
disclose any further information other than stated in this report, saying that
the firm is not allowed to divulge any information relative to the management,
financials and other material data unless with the approval of the French
Headquarters. No other databases or
outside source data are available, either.
Client names are not disclosed except as steel makers only. Most of the information is based on the
Registration Certificate we obtained.
FINANCIAL
INFORMATION
The firm does not
disclose financials and the following figures are only our estimates gathered
from the conversation with Y Taida.
The revenues for
Mar/2010 fiscal term are only assumed amounted to Yen 300 million, 25% down
from Yen 400 million a year ago. The net
profit is assumed to have been posted at Yen 5 million, but not verified.
Both the financial
situation and business trends are not determined due to the lack of proven
business but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 5.2
million, on 30 days normal terms. We,
however, recommend fully secured terms on new transactions as financials are
not disclosed.
REGISTRATION
Date Registered: May 1987
Regd No:
0104-01-001910 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,000 shares
Issued: 500 shares
Sum: Yen 25 million
Major shareholders
(%): Affival Group, France (100).
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Imports (as commission merchant) and wholesales industrial cored
wires, alu- minum (plain) wires, wire
injection systems, other related products for steel industry (--100%).
Products are
supplied from Affival Group firms worldwide.
Cored wires are made
of low carbon steel sheath into which the powdered minerals, metals and
ferroalloys are tightly encased, according to the firm.
Cored Wires: Calcium Bearing, carbon, sulphur, aluminum, iron, lead, bismuth,
selenium, antimony, nitrogen bearing, tellurium, silicon, niobium (columbium),
vanadium, boron, manganese, chromium, molybdenum, tungsten, yttrium, rare earths,
other.
Aluminum (plain) wires: wire feeding equipment, wire injectors,
guide tubes, roller assemblies, automation, servicing, other.
Clients: [Steel mills] Nippon Steel, Sumitomo Metal Ind, JFE Steel, other. (Client names not openly mentioned, just responded to our queries)
No. of accounts: Unavailable
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs] Imports from Affival Group firms, France,
Payment record:
Unknown
Location:
Business area in
Bank References:
MUFG
(Toranomon)
SMBC
(Hibiya)
Relations:
Money deposits & transfers only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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.