MIRA INFORM REPORT

 

 

Report Date :

21.02.2011

 

IDENTIFICATION DETAILS

 

Name :

JINWA TRADING CORPORATION

 

 

Registered Office :

Sakura Hills Riverside West 1002, 1-39-3 Nagono Nakamuraku Nagoya 450-0001

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

October 2008

 

 

Com. Reg. No.:

(Nagoya-Nakamuraku) 068478　

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export of airplane, aerospace related 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 2.7 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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

 

JINWA TRADING CORPORATION

 

 

REGD NAME 

 

Jinwa Boeki KK

 

 

MAIN OFFICE

 

Sakura Hills Riverside West 1002, 1-39-3 Nagono Nakamuraku Nagoya 450-0001 JAPAN

Tel: 052-569-2006     Fax: 052-569-2007

 

URL:                 www.jinwatrading.com 

E-mail:             h-tamura@jinwatrading.com         

 

 

ACTIVITIES  

 

Import, export of airplane, aerospace related products

 

 

BRANCHES   

 

Nil

 

 

FACTORIES  

 

(subcontracted)

 

 

OFFICER(S)  

 

HITOSHI TAMURA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    R/WEAK           A/SALES          Yen 120 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND             UP                    WORTH            Yen 25 M

STARTED                     2008                 EMPLOYES      3

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN AIRPLANE, AEROSPACE-RELATED PRODUCTS. 

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE

BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 2.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hitoshi Tamura in order to make most of his experience in the subject line of business.  This is a trading firm, with mfg division, for import, export and wholesale of defense & aerospace related products.  Clients include Ministry of Defense, Japan Air Self-Defense Forces, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Sept/2010 fiscal term amounted to Yen 120 million, a 20% up from Yen 100 million in the previous term.  The net profit was posted at Yen 12 million, compared with Yen 10 million a year ago.  .

 

For the current term ending Sept 2011 the net profit is projected at Yen 15 million, on a 25% rise in turnover, to Yen 150 million.  Client networks are expanding.

           

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 2.7 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Oct 2008

Regd No.:           (Nagoya-Nakamuraku) 068478

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　800 shares

Issued:             　200 shares

Sum:                　Yen 10 million

Major shareholders (%): Tadashi Tamura (100)

           

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

 

 

OPERATION

 

Activities: Manufactures, imports, exports and wholesales defense & aerospace related products (--100%).

 

Clients: [Government agencies, mfrs, wholesalers] Japan Air Self-Defense Forces, Ministry of Defense, Japan Aerospace Exploration Agency, Center for Information on Security Trade Control, other

            No. of accounts: 10

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Products are also imported.

 

Payment record: Regular

 

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

 

Bank References:

MUFG (Nagoya)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

150

120

100

Recur. Profit

　

　

　

　

Net Profit

　

15

12

10

Total Assets

　

　

N/A

N/A

Net Worth

　

　

25

15

Capital, Paid-Up

　

　

10

10

Div.P.Share(¥)

　

　

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

    S.Growth Rate

25.00

20.00

        - - -

    Current Ratio

 

 

..

..

    N.Worth Ratio

 

..

..

    N.Profit/Sales

10.00

10.00

10.00

 

Notes: Financials are only partially disclosed.  The 30/09/2009 fiscal term is the initial accounting term from the inception.

Forecast (or estimated) figures for the 30/09/2011 fiscal term. 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.18

UK Pound

1

Rs.73.04

Euro

1

Rs.61.43

 

 

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

 

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%)

 

 

 

 

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