MIRA INFORM REPORT

 

 

Report Date :           

21.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ARAHARI SANGYO CO LTD

 

 

Registered Office :

Olympic Akebonocho Bldg 9F, 1-25-12 Akebonocho Tachikawa Tokyo-Metrop 190-0012

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

August 1970

 

 

Com. Reg. No.:

(Tokyo-Tachikawa) 000113

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of clothing, foodstuff, convenience goods              

 

 

No. of Employees :

6 persons

 

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 36.9 Million

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

ARAHARI SANGYO CO LTD

 

 

REGD NAME 

 

Arahari Sangyo KK

 

 

MAIN OFFICE

 

Olympic Akebonocho Bldg 9F, 1-25-12 Akebonocho Tachikawa Tokyo-Metrop 190-0012 JAPAN

Tel: 042-529-0911      Fax: 042-529-1400

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Import, wholesale of clothing, foodstuff, convenience goods

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

KATSUZO OKUYAMA, PRES

Harutaka Koda, s/mgn dir

Midori Koda, mgn dir                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 2,060 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 40 M

TREND             SLOW                          WORTH            Yen 183 M

STARTED                     1970                             EMPLOYES      6

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN CLOTHING, FOODS, DAILY GOODS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

           

MAX CREDIT LIMIT: YEN 36.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Katsuzo Okuyama in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of clothing goods, foodstuffs, convenience goods, other.  Clients include major chain stores, volume discount stores, other, nationwide

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Apr/2011 fiscal term amounted to Yen 2,060 million, a 1% up from Yen 2,040 million in the previous term.  The net profit was posted at Yen 4 million, compared with Yen 6 million a year ago.

 

For the current term ending Apr 2012 the net profit is projected at Yen 5 million, on a 2% rise in turnover, to Yen 2,100 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 36.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 1970

Regd No.:         (Tokyo-Tachikawa) 000113

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 40 million

Major shareholders (%): Yoshiki Kanazawa (53), Katsuzo Okuyama (30), Kazuko Okuyama (7)

No. of shareholders: 6

 

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

 

 

OPERATION

           

Activities: Imports and wholesales garment, clothing accessories, foodstuff, convenience goods, gift items, others (--100%)

 

Clients: [Mfrs, wholesalers] Olympic Corp, Hyper Market Olympic, Food Market Olympic, Don Quijote, Liberal Co, other

            No. of accounts: 200

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] GBN, Westside Project, S&W, Asano Corporation, Top Incorporated, Gerber Co, Lonco Japan, Fujita Co, other

Imports from China, S/E Asia, other

 

Payment record: Regular

 

Location: Business area in Tachikawa City, Tokyo-Metrop.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         Mizuho Bank (Koganei)

·         MUFG (Shinjuku)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/06/2012

30/06/2011

30/06/2010

30/06/2009

Annual Sales

　

2,100

2,060

2,040

1,960

Recur. Profit

　

　

　

　

　

Net Profit

　

5

4

6

4

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

183

179

173

Capital, Paid-Up

　

　

40

40

40

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.94

0.98

4.08

-2.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.24

0.19

0.29

0.20

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/04/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.03

UK Pound

1

Rs.82.34

Euro

1

Rs.68.99

 

 

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.