MIRA INFORM REPORT
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Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
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Name : |
EVERGREEN CORPORATION |
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Registered Office : |
Daini Dempa Bldg 8F, 2-14-10 Sotokanda Chiyodaku Tokyo 101-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2010 |
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Date of Incorporation : |
March 2008 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Wholesale, Retail (on-line shops) of AV equipment,
PC peripherals |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 15.2 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
EVERGREEN CORPORATION
REGD NAME
KK Evergreen
MAIN OFFICE
Daini Dempa Bldg 8F, 2-14-10 Sotokanda Chiyodaku Tokyo 101-0021 JAPAN
Tel: 03-5294-6327 Fax: 03-5298-7266
E-Mail address: info@everg.co.jp
ACTIVITIES
Import, wholesale, retail (on-line shops) of AV equipment, PC peripherals
BRANCHES
Chiba
(Distribution Center)
OFFICERS
· ATSUSHI OSUGA, PRES
· Kensuke Ozaki, ch
· Tsutomu Yoshikawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,800 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
73 M
STARTED 2008 EMPLOYES 23
COMMENT
TRADING FIRM SPECIALIZING IN PC PERIPHERALS, IT-RELATED
PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: US$100,000 / O/A 30 DAYS.
MAX
CREDIT LIMIT: YEN 15.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a trading division
separated from Third Wave Holdings Inc (See REGISTRATION). This is a
trading firm specializing in import, retail (on-line shops) and wholesale of AV
equipment, IT-related products, PC & peripherals, other. 70% of the goods are retailed online. Wholesaling clients include PC shops, mfrs,
other.
FINANCIAL INFORMATION
The sales volume for Jul/2010ul/2010 fiscal term amounted to Yen 2,800
million, a similar amount in the previous initial fiscal term. The net profit was posted at Yen 31 million,
compared with Yen 32 million a year ago.
For the current term ending Jul 2011 the net profit is projected at Yen
33 million, on a 4% rise in turnover, to Yen 2,900 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 15.2 million, on 30 days normal terms. The proposed amount is considered within the
firm’s financial capacities.
REGISTRATION
Date Registered: Mar 2008
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Third Wave Holdings Inc* (100)
*.. PC shop operator, at the caption address, operating 32
shops nationwide, founded 1984, capital Yen 40 million, sales Yen 29,200 million,
net profit Yen 600 million, employees 266, pres Kensuke Ozaki, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, retails
(online) and wholesales AV equipment, PC & peripherals, IT-related
products, other (--100%).
Clients: [Consumers, mfrs,
wholesalers] Consumers (70%), Sofmap Corp, Joshin Electric, Third Wave Corp,
Daiwabo Information System, Softbank, Yodobashi Camera, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Hunykey, A-Data, DICOTA, Daiwabo Information System, Softbank
Mobile, Transcend Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Kanda)
Mizuho
Bank (Ueno)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
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2,900 |
2,800 |
2,800 |
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Recur.
Profit |
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Net
Profit |
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33 |
31 |
32 |
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Total
Assets |
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815 |
847 |
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Current
Assets |
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804 |
828 |
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Current
Liabs |
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742 |
805 |
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Net
Worth |
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73 |
42 |
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Capital,
Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.57 |
0.00 |
- - -.. |
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Current Ratio |
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.. |
108.36 |
102.86 |
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N.Worth Ratio |
.. |
8.96 |
4.96 |
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R.Profit/Sales |
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.. |
.. |
.. |
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N.Profit/Sales |
1.14 |
1.11 |
1.14 |
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Return On Equity |
.. |
42.47 |
76.19 |
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Notes:
The 31/07/2009 is the initial accounting term from the inception.
Forecast
(or estimated) figures for the 31/07/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.16 |
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UK Pound |
1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.