MIRA INFORM REPORT

 

 

Report Date :           

26.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CRYSTAL CO LTD

 

 

Registered Office :

Crystal Bldg 1F, 6-15 Minamihorikawa Kaidacho Akigun Hiroshima-Pref

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

March 2007

 

 

Com. Reg. No.:

(Hiroshima-Akigun) 036903

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of welding machines & equipment

 

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 2.9 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 – 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

 

 Bottom of Form

 

 

CRYSTAL CO LTD

 

 

REGD NAME

 

KK Crystal

 

 

MAIN OFFICE

 

Crystal Bldg 1F, 6-15 Minamihorikawa Kaidacho Akigun Hiroshima-Pref

736-0044 JAPAN

Tel: 082-822-1336     Fax: 082-822-1338

URL:                 N/A

 

 

ACTIVITIES

 

Import, export, wholesale of welding machines & equipment

 

 

BRANCHES   

 

Amagasaki, Fukuoka

 

 

OFFICERS

 

RYOJI KINOSHITA, Press                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 326 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             UP                                WORTH            Yen 22 M

STARTED                     2007                             EMPLOYES      4

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN WELDING MACHINES.

 

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

                       

MAX CREDIT LIMIT: YEN 2.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Ryoji Kinoshita in order to make most of his experience in the subject line of business.  This is a family-based trading firm for import, export and wholesale of welding machines, equipment and supplies.  Goods are exported into China and other S/E Asian countries. 

 

 

FINANCIAL INFORMATION

           

The sales volume for Feb/2011 fiscal term amounted to Yen 326 million, a 33% sharp rise from Yen 246 million in the previous term.  Economic activities revived.  Capital investment was robust by mfg firms.  The recurring profit was posted at Yen 10 million and the net profit at Yen 8 million, compared with Yen 2 million recurring profit and Yen 2 million net profit, respectively, a year ago.  Profits largely improved thanks to drastic cost-cutting efforts.

 

For the current term ending Feb 2012 the recurring profit is projected at Yen 10 million and the net profit at Yen 8 million, respectively, on a 5% rise in turnover, to Yen 340 million.  Business is seen steadily expanding. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 2.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 2007

Regd No.:                       (Hiroshima-Akigun) 036903

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:               200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Ryoji Kinoshita (60), Kyoko Kinoshita (20)

 

No. of shareholders: 2

 

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

 

OPERATION

           

Activities: Imports, exports and wholesales soldering & welding machines & equipment, electric welding machines, metal welding chemicals, other (--100%)

 

Clients: [Mfrs, wholesalers] Nikko Materials, Ryobi Ltd, Mitsubishi Heavy Ind, Kyowa Seiki, Babcook-Hitachi KK, Choshu Ind, Shikoku Mekki Co, Castem Co, King Parts Co, other

            No. of accounts: 300

            Domestic areas of activities: Centered in Hiroshima-Pref & vicinities areas

 

Suppliers: [Mfrs, wholesalers] Nikko Materials, Shoei Shokai Co, Hoganas Japan, Dolphin Co, other.

 

Payment record: Regular

 

Location: Business area in Akigun, Hiroshima-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Hiroshima Shinkin Bank (Kaida)

Bank of Hiroshima (Kaida)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

28/02/2012

28/02/2011

28/02/2010

28/02/2009

Annual Sales

　

340

326

246

305

Recur. Profit

　

10

10

2

　

Net Profit

　

8

8

2

1

Total Assets

　

　

182

128

126

Current Assets

　

　

137

121

　

Current Liabs

　

　

56

56

　

Net Worth

　

　

22

14

11

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.29

32.52

-19.34

7.02

    Current Ratio

 

..

244.64

216.07

..

    N.Worth Ratio

..

12.09

10.94

8.73

    R.Profit/Sales

 

2.94

3.07

0.81

..

    N.Profit/Sales

2.35

2.45

0.81

0.33

    Return On Equity

..

36.36

14.29

9.09

 

Notes:  Forecast (or estimated) figures for the 28/02/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.72.49

Euro

1

Rs.63.87

 

 

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.