MIRA INFORM REPORT

 

 

Report Date :

22.01.2011

 

IDENTIFICATION DETAILS

 

Name :

NIPPON KRANZLE CO LTD

 

 

Registered Office :

5-6-8 Itachibori Nishiku Osaka 550-0012

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2010

 

 

Date of Incorporation :

September 2002

 

 

Com. Reg. No.:

(Osaka-Nishiku) 102377

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of high pressure cleaners, sweepers, accessories

 

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 3.0 Million

Status :

Moderate

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

 

NIPPON KRANZLE CO LTD

 

 

REGD NAME 

 

Nippon Kranzle KK

 

 

MAIN OFFICE

 

5-6-8 Itachibori Nishiku Osaka 550-0012 JAPAN

Tel: 06-6531-0510     Fax: 06-6531-0560

URL:     www.nippon-kranzle.co.jp

E-mail: info@nippon-kranzle.co.jp            

 

 

ACTIVITIES

 

Import, wholesale of high pressure cleaners, sweepers, accessories

 

 

BRANCHES   

 

Hokkaido, Yokohama, Fukuoka

 

 

OFFICER(S)  

 

MASAYOSHI SHIMAMOTO, PRES

Jintaro Yokoe, dir

Koichi Shimamoto, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK           A/SALES          Yen 170 M

PAYMENTS      REGULAR         CAPITAL           Yen 170 M

TREND             SLOW              WORTH            Yen 46 M

STARTED                     2002                 EMPLOYES      9

 

 

COMMENt

 

TRADING FIRM SPECIALIZING IN HIGH PRESSURE CLEANERS. 

 

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

 

MAX CREDIT LIMIT: YEN 3.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Kranzle GmbH, Germany, as its sales office in Japan.  This is a trading firm specializing in import and wholesale of Kranzle high pressure cleaners as a mainline, vacuum cleaners, power sweepers, and accessories.  Goods are imported from the parent and other in Germany.  Clients include tool mfrs, wholesalers, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Aug/2010 fiscal term amounted to Yen 170 million, an almost similar amount in the previous term.  Newly imported machine tools attached with dust collectors contributed.  The net profit was posted at Yen 1 million, similarly in the previous term.  .

 

For the current term ending Aug 2011 the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen 175 million.  Business is steadily expanding. 

           

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 3.0 million, on 30 days normal terms. 

 

REGISTRATION

 

Date Registered:  Sept 2002

Regd No.:            (Osaka-Nishiku) 102377

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　2,000 shares

Issued: 　            820 shares

Sum:                　Yen 41 million

 

Major shareholders (%): Izushi & Co, Masayoshi Shimamoto, other (Details unavailable)

 

No. of shareholders: 11

 

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

 

 

OPERATION

 

Activities: Imports and wholesales: Kranzle cold water high pressure cleaners, hot water high pressure cleaners, HP cleaner with petrol engines, industrial vacuum cleaners, power sweepers and accessories (--100%)

 

Clients: [Mfrs, wholesalers] Izushi & Co, Yuasa & Trading Co, Sugino Machine Ltd, Kameki Industrial Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] I Kranzle GmbH, EVO-Products Blankenburg GmbH, Festool (--Germany), Nilfisk Advance Inc, other.

 

Payment record: Regular

 

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

 

Bank References:

·         SMBC (Itachibori)

·         Resona Bank (Osaka-Nishiku)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/08/2011

31/08/2010

31/08/2009

31/08/2008

Annual Sales

　

175

170

169

165

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

46

45

44

Capital, Paid-Up

　

　

41

41

41

Div.total (million \)

　

　

1,230

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.94

0.59

2.42

3.13

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.57

0.59

0.59

0.61

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2011 fiscal term. 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.70

UK Pound

1

Rs.72.78

Euro

1

Rs.61.65

 

 

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%)

 

 

 

 

 

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.