MIRA INFORM REPORT

 

 

Report Date :

17.08.2011

 

IDENTIFICATION DETAILS

 

Name :

EAST WEST CORPORATION

 

 

Registered Office :

Sanko Bldg #406, 1-3-9 Minamihonmachi Chuoku Osaka 541-0054

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

December 1993

 

 

Com. Reg. No.:

(Osaka-Chuoku) 034148

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, wholesale of textiles, apparel, chemical products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 13.2 Million

Status :

Small Company

Payment Behaviour :

Regular

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

EAST WEST CORPORATION

REGD NAME:    YK East West Corporation

MAIN OFFICE:  Sanko Bldg #406, 1-3-9 Minamihonmachi Chuoku Osaka 541-0054 JAPAN

                        Tel: 06-6264-6530     Fax: 06-6265-9014

 

URL:                 N/A

 

 

ACTIVITIES  

 

Import, wholesale of textiles, apparel, chemical products

 

BRANCHES   

 

Nil

 

 

OFFICER(S)  

 

JANTIA A RAMKUMAR, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 740 M

PAYMENTS      REGULAR                     CAPITAL           Yen 30 M

TREND UP                                WORTH            Yen 84 M

STARTED         1993                             EMPLOYES      5

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN TEXTILES. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 13.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established originally in 1973by Jantia A Ramkumar, an Indian resident, in order to make most of his experience in the subject line of business, on his account.  And was incorporated in 1993 as a trading firm.  This is a trading firm specializing in import, export and wholesale of textile piece goods & products, chemical products, other.  Goods are imported mainly from India, other from China, etc.  Imports from China are expanding.  Goods are supplied to specialty stores, apparel wholesalers, other, centering in the greater-Osaka region.

           

 

FINANCIAL INFORMATION

 

            Financial are only partially disclosed, and in rounded-off numbers.

 

            The sales volume for Mar/2011 fiscal term amounted to Yen 740 million, a 23% up from Yen 600 million in the previous term.  Import sources expanded.  Exports also increased into China.  The net profit was posted at Yen 2 million, compared with Yen 1 million a year ago.

 

            For the current term ending Mar 2012 the net profit is projected at Yen 3 million, on a 3% rise in turnover, to Yen 760 million.  Business is seen expanding steadily.  Chemical prices are increasing. 

           

            The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 13.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:　Dec 1993

Regd No.:         (Osaka-Chuoku) 034148

Legal Status:      Private Limited Company (Yugen Kaisha)

Regd Capital:      Yen 30 million

Major shareholders (%): Ba-Go KK*(100)

*.. Holding company & apparel retailer, owned by J A Ramukmar

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports and wholesales textile piece goods & products, chemical products,

others (--100%) 

 

Goods are imported from India mainly, other from China, etc.

 

 

Clients: [Apparel makers, other] Ba-Go KK, Marugo Sangyo, Maruwa Chemical, other

Exports to India, Nepal, Afghanistan, China, other.

No. of accounts: 200

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Sumitomo Chemical Ind, Mitsubishi Gas Chemical, Mitsui   Chemical, Sanyo Sales & Marketing, Ueda Trading Co, Okahata Sangyo, Toli Corp, Ueda

Trading Co, Marunaka Co, other

Imports from India, China, other

 

Payment record: Regular

 

Location: Business area in Osaka.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Semba)

SMBC (Osaka-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

760

740

600

620

Recur. Profit

　

　

　

　

　

Net Profit

　

3

2

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

84

82

81

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.70

23.33

-3.23

5.08

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.39

0.27

0.17

0.16

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.73.88

Euro

1

Rs.65.06

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.