MIRA INFORM REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
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Name : |
LIAISON INTERNATIONAL INC |
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Registered Office : |
6-80-1 Inamachi-Sakae Kita-Adachigun
Saitama 362-0805 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
August 2003 |
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Com. Reg. No.: |
(Saitama-Ageo) 003212 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of building metal materials |
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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Maximum Credit Limit : |
Yen 0.5 Million |
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Status : |
Poor |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
LIAISON INTERNATIONAL INC
REGD NAME
Liaison
International KK
MAIN OFFICE
6-80-1
Inamachi-Sakae Kita-Adachigun Saitama 362-0805 JAPAN
Tel:
048-722-8915 Fax: 048-722-8916
*.. Registered at: 1-19-9 Izumidai Ageo City Saitama-Pref
URL: http://www.liaison-int.co.jp/
E-mail: info@liaison-int.co.jp
ACTIVITIES
Import,
wholesale of building metal materials
BRANCHES
Nil
OFFICER(S)
KIYOSHI
YAMADA, PRES
Nobuko
Yamada, dir
Keiji
Otsuka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 55 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen
(-) 9 M
STARTED 2003 EMPLOYES 3
COMMENT
IMPORTER
OF BUILDING METAL MATERIALS
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 0.5 MILLION, 30 DAYS, RECOMMENDING
SECURED TERMS ON NEW TRANSACTIONS.
NEGATIVE NET WORTH.
HIGHLIGHTS
The subject company was established by Kiyoshi Yamada in order to make most of his experience in the subject line of business. This is a family-based trading firm, owned and operated by Yamada family, for import and wholesale of building metal materials (see OPERATION). Import agent, including technical tie-ups, for: Egli Fischer & Co AG (Switz) and B&D International Pty (Australia). Also imports from USA, France, Australia, Germany, other.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based companies.
The sales volume for Jun 2010 fiscal term amounted to Yen 55 million, an 8% down from Yen 60 million in the previous term, as affected by the global economic downturn. Domestic building market was depressed. The net profit was posted at Yen 2 million, similarly in the previous term.
For the term that ended Jun 2011 the net profit was projected at Yen 3 million, on a 9% rise in turnover, to Yen 60 million. Demand increased following the North Japan Earthquake on Mar 11. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 0.5 million, on 30 days, we recommending secured terms on new transactions. Negative net worth.
REGISTRATION
Date Registered: Aug 2003
Regd No.: (Saitama-Ageo) 003212
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%):
Kiyoshi Yamada (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales building metal materials: piping & pipe fittings, insert joints & clips, garage door metals & fittings, overhead door drums, shutter balance spring, pipe clamps, insert clips, shutter balance spring, other (--100%)
Clients: [Mfrs, wholesalers] TORICA Ltd (22%), Akagi Co (17%), Showa Corporation (8%), Nichiei Intec (7%), Kakizaki Machinery Inc (7%), other
No. of accounts: 200
Domestic areas of activities: Centered in greater-Tokyo
Suppliers [Mfrs, wholesalers] Egli Fischer & Co AG (Switz), R&D International Pty (Australia), N&L Elektrotechnik GmbH (Germany), Overseas Operating Inc, Cardo Door Export, Napoleon/Lynx (--USA), other
Payment record:
Regular
Location:
Business area in Kita-Adachigun, Saitama-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Musashino
Bank (Ageo)
Mizuho
Bank (Ageo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/06/2010 |
30/06/2009 |
30/06/2008 |
30/06/2007 |
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Annual
Sales |
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55 |
60 |
60 |
48 |
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Recur.
Profit |
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2 |
2 |
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Net
Profit |
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2 |
2 |
1 |
0 |
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Total
Assets |
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29 |
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Current
Assets |
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20 |
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Current
Liabs |
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16 |
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Net
Worth |
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-7 |
-9 |
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Capital,
Paid-Up |
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10 |
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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 |
-8.33 |
0.00 |
25.00 |
11.63 |
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Current
Ratio |
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.. |
125.00 |
.. |
.. |
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N.Worth
Ratio |
.. |
-31.03 |
.. |
.. |
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R.Profit/Sales |
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1.82 |
3.33 |
.. |
.. |
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N.Profit/Sales |
1.82 |
3.33 |
1.67 |
0.00 |
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Notes: Financials are disclosed in digested form for the
first time for the 30/06/2009 fiscal term. Resulted figures for the 30/06/2010
fiscal term, disclosed only partially.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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UK Pound |
1 |
Rs.73.53 |
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Euro |
1 |
Rs.64.37 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.