MIRA INFORM REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
MEIYO BOEKI SHOKAI |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1969 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Import,
Export, Wholesale of textile machinery, cotton yarns, fabrics, used cars |
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 26.2 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 – 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
MEIYO BOEKI SHOKAI (SOLE
PROPRIETORSHIP)
REGD
NAME
Meiyo Boeki Shokai
(Sole proprietorship & not registered)
MAIN
OFFICE
Tel: 06-6264-0190 Fax: 06-6264-0147
URL: N/A
ACTIVITIES
Import,
export, wholesale of textile machinery, cotton yarns, fabrics, used cars
BRANCHES
Nil
OFFICER(S)
BADHELIA
YUSUF, PROPRIETOR
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,650 M
PAYMENTS REGULAR CAPITAL ---------- - - M
TREND SLOW WORTH Yen
306 M
STARTED 1969 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING IN TEXTILES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 26.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject firm is
a sole proprietorship founded by Badhelia Yusuf, a Pakistani resident
businessman, in order to make most of his experience in the subject line of
business by utilizing his wide networks in
FINANCIAL
INFORMATION
Being a sole
proprietorship, financials are disclosed only partially.
The sales volume for
Dec/2009 fiscal term amounted to Yen 1,650 million, a 25% down from Yen 2,200
million in the previous term, as affected by the global economic downturn. Exports were hurt by the appreciation of the
Yen, reducing substantially revenues in Yen terms. Demand was also declined. The net profit was posted at Yen 30 million,
compared with Yen 25 million net profit a year ago.
For the term just
ended Dec 2010 the net profit is projected at Yen 25 million, on a 9% rise in
turnover, to Yen 1,800 million.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 31.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Not registered
(Founded 1969)
Legal Status: Sole
Proprietorship
Net Worth: Yen
306 million
This is a trading firm
wholly owned and operated by Badhelia Yusuf, on his account. The net worth is estimated at Yen 306
million, which derived from his savings.
Nothing detrimental
is known as to his commercial morality.
OPERATION
Activities: Imports, exports and wholesales textile weaving machines/equipment,
their parts & components (70%), cotton yarns (10%), fabrics (10%); exports
used cars & parts, others (--10%).
Clients: [Apparel makers, wholesalers] Kanebo Ltd, Teijin Ltd, Sojitz Corp,
Toyota Tsusho Corp, Takisada Osaka, other.
Exports to
No. of accounts: 50
Domestic areas of activities:
Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Tsudakoma Corp, Teijin Ltd, Kanebo Ltd, Toyota
Tsusho Corp, Sojitz Corp, other.
Imports from
Payment record: Regular
Location: Business area in
Bank References:
Hong
Kong Shanghai Bank (
Mizuho
Bank (Semba)
Relations:
Money deposits & transfers only
FINANCES
（In Million
Yen）
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Terms Ending: |
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31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
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Annual
Sales |
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1,800 |
1,650 |
2,200 |
1,580 |
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Recur.
Profit |
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Net
Profit |
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25 |
30 |
25 |
1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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306 |
285 |
161 |
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Capital,
Paid-Up |
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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 |
9.09 |
-25.00 |
39.24 |
-33.89 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.39 |
1.82 |
1.14 |
0.06 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2010 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.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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.