MIRA INFORM REPORT

 

 

Report Date :

23.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MOUNT SEAVER CO LTD

 

 

Registered Office :

6-6-6 Zushi Zushi City Kanagawa-Pref 249-0006

 

 

Country :

Japan

 

 

Financials (as on) :

31.10.2010

 

 

Year of Establishment :

November 2001

 

 

Com. Reg. No.:

(Kanagawa-Zushi) 041959

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Export of water filters

 

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 1.8 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

 

Company name and address

 

MOUNT SEAVER CO LTD

REGD NAME:    Mount Seaver KK

MAIN OFFICE:  6-6-6 Zushi Zushi City Kanagawa-Pref 249-0006 JAPAN

                        Tel: 046-871-2048      Fax: 046-871-2073

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Export of water filters

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

TAKESHI INADA, PRES            

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 100 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 23 M

STARTED                     2001                             EMPLOYES      4

 

 

COMMENT

 

EXPORTER OF WATER FILTERS.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOUL BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Takeshi Inada in order to make most of his experience in the subject line of business when he was with a trading firm.  This is a trading firm specializing in export of filters for industrial & drinking waters.  Goods are exported to USA, Europe, Asia, other. 

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed as is the case with family-based companies

 

The sales volume for Oct/2010 fiscal term amounted to Yen 100 million, a 2% up from Yen 98 million in the previous term.  The net profit was posted at Yen 1 million, compared with Yen 1 million net losses a year ago.

 

            For the current term ending Oct 2011 the net profit is projected at Yen 1 million, on a similar turnover, at Yen 100 million. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Nov 2001

Regd No.:         (Kanagawa-Zushi) 041959

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Takeshi Inada (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Exports water filters for industrial & drinking waters (--100%)

 

Clients: [Mfrs, wholesalers] Exports to USA, Europe, Asia, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Izumi-Cosmo Co Ltd, other

 

Payment record: Regular

 

Location: Business area in Zushi, Kanagawa-Pref.  Office premises at the caption address are owned by Takeshi Inada as his home residence and maintained satisfactorily.

 

Bank References:

SMBC (Fujisawa)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/10/2011

31/10/2010

31/10/2009

31/10/2008

Annual Sales

　

100

100

98

120

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

-1

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

23

22

21

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

0.00

2.04

-18.33

-36.84

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.00

1.00

-1.02

2.50

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/10/2011 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.95

UK Pound

1

Rs.75.76

Euro

1

Rs.66.01

 

 

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.