MIRA INFORM REPORT

 

 

Report Date :           

30.12.2011

 

IDENTIFICATION DETAILS

 

Name :

JAPAN INTERIOR TRADING CO LTD 

 

 

Registered Office :

Sankyo Yotsubashi Bldg 7F, 1-11-1 Minami-Horie Nishiku Osaka 550-0013

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 2003

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of rugs & carpets

 

 

No. of Employees :

7

 

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 6.9 Million

Status :

Moderate

Payment Behaviour :

Unknown

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

 

JAPAN INTERIOR TRADING CO LTD

 

 

REGD NAME

 

Japan Interior Trading KK

 

 

MAIN OFFICE

 

Sankyo Yotsubashi Bldg 7F, 1-11-1 Minami-Horie Nishiku Osaka 550-0013 , JAPAN

Tel: 06-6534-5525     Fax: 06-6534-5528

 

URL:                 www.aswan.co.jp    (Of the parent, Aswan Corporation)

E-mail:             info@aswan.co.jp            

 

 

ACTIVITIES

 

Import, wholesale of rugs & carpets

 

 

BRANCHES

 

Nil

 

 

OFFICER(S)

 

TAKASHI FUKAE, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK           A/SALES          Yen 389 M

PAYMENTS                  Unknown       CAPITAL           Yen 10 M

TREND             SLOW              WORTH            Yen 25 M

STARTED                     2003                 EMPLOYES      7

 

COMMENT    

 

IMPORTER OF RUGS & CARPETS, WHOLLY OWNED BY ASWAN CORP 

 

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

 

MAX CREDIT LIMIT: YEN 6.9 MILLION, 30 DAYS NORMAL TERMS. 

 

 

HIGHLIGHTS

           

The subject company was established on the basis of international trading division separated from Aswan Corporation, wholesaler of upholstery, at the caption address (See REGISTRATION).  Takashi Fukae is concurrently pres of the parent.  This is a trading firm specializing in import rugs & carpets, for exclusive supply to the parent, Aswan Corp.  Goods are imported from India, Pakistan, Belgium, China, UK, Belgium, Korea, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 1,040 million, a 23% sharp down from Yen 504 million in the previous term.  The consumer spending was depressed down for luxuries.  The net profit was posted at a minimum amount post-taxes, similarly in the previous year.  .

 

For the current term ending Mar 2012 the net profit is projected at Yen 1 million, on a 3% up in turnover, to Yen 400 million.

 

The financial situation is considered maintained RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 6.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 2003

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　800 shares

Issued: 　         200 shares

Sum:                　Yen 10 million

 

Major shareholders (%): Aswan Corporation*(100)

 

* Wholesale of upholstery, at the caption address, founded 1951, capital Yen 776 million, turnover Yen 13,728 million, net loss Yen 296 million, employees 201, pres Takashi Fukae, concurrently

 

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

OPERATION

 

Activities: Imports rugs & carpets, for exclusive supply to the parent, Aswan Corporation (--100%). Goods are imported from India, Pakistan, Belgium, China, UK, Korea, other

 

Clients: [Wholesaler] Shipped exclusively to Aswan Corporation, the parent, for supply to department stores, chain stores, convenience stores, specialty stores, housing makers, upholstery stores, other, totaling about 500 nationwide.

            No. of accounts: 1 (Direct client)

            Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Imports from India, Pakistan, China, Belgium, UK, Korea, other

 

Payment record: Unknown

 

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

 

Bank References:

·         Mizuho (Namba)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)             

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

400

389

504

636

Recur. Profit

　

　

　

　

　

Net Profit

　

1

0

0

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

25

25

25

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.83

-22.82

-20.75

-38.85

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.25

0.00

0.00

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.53.36

UK Pound

1

Rs.82.51

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.