MIRA INFORM
REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ITSUWA SHOJI KAISHA INC |
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Registered Office : |
TN Bldg, 1-1-8 Uehonmachi-Nishi Chuoku
Osaka 542-0062 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2010 |
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Date of Incorporation : |
April 1981 |
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Com. Reg. No.: |
(Osaka-Chuoku) 074589 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of
electronics equipment |
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 275.7 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
ITSUWA SHOJI KAISHA INC
REGD NAME
Itsuwa Shoji KK
MAIN OFFICE
TN Bldg, 1-1-8
Uehonmachi-Nishi Chuoku Osaka 542-0062 JAPAN
Tel:
06-0764-7568 Fax: 06-6763-1130
E-Mail address: (thru the URL)
ACTIVITIES
Import,
export, wholesale of electronics equipment
BRANCHES
Tokyo,
Tottori, Fukuoka
OVERSEAS
Korea,
Bangkok, Shanghai, Taiwan, Singapore, USA, Vietnam, Bangkok
OFFICERS
· YUTAKA KUWAHARA, PRES
· Toshiro Nosaka, ch
· Shin’ya Hirooka, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 15,000 M
PAYMENTS REGULAR CAPITAL Yen 310 M
TREND STEADY WORTH Yen
770 M
STARTED 1987 EMPLOYES 55
COMMENT
TRADING FIRM SPECIALIZING IN ELECTRONICS EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 275.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Toshiro Nosaka, now ch, in order to make most of his experience in the subject line of business. Originally started as a wholesaler of nonferrous metals and gradually expanded the business area. This is a trading firm for import, export and wholesale of audio-video equipment, electronics components for information & telecommunications equipment, other. The firm has domestically two subsidiaries: Ueni Electronics and Ueni Ind.
FINANCIAL INFORMATION
The sales volume for May/2010 fiscal term amounted to Yen 15,000 million, a 7% up from Yen 14,000 million in the previous term. Exports were robust into China, and other S/E Asian countries. The net profit was posted at Yen 50 million, compared with Yen 5 million a year ago.
For the term that just ended May 2011 the net profit was projected at Yen 55 million, on a 5% rise in turnover, to Yen 15,750 million. Business continues expanding. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 275.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1981
Regd No.: (Osaka-Chuoku) 074589
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2.4 million shares
Issued:
620,000 shares
Sum: Yen 310 million
Major shareholders (%): Toshiro Nosaka, Ueni
Electronics, Ueni Ind, Yutaka Kuwahara, Toshiro Nosaka, Shin’ya Hirooka, other
(Breakdown unavailable)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales: audio-video equipment, electronic components for information & telecommunications equipment, plant equipment, mold dies, audio-video peripherals, PC-related parte, other (--100%)
Clients: [Mfrs, wholesalers] Panasonic Electronics Device, Panasonic Corp, other
Exports to Korea, China, Taiwan, S/E Asia, USA, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Panasonic Electronics Device, Panasonic Corp, Ryoden Shoji, Nagase & Co, other.
Imports from Korea, Taiwan, other.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Uehonmachi)
Resona
Bank (Ueroku)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2011 |
31/05/2010 |
31/05/2009 |
31/05/2008 |
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Annual
Sales |
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15,750 |
15,000 |
14,000 |
22,000 |
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Recur.
Profit |
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Net
Profit |
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55 |
50 |
5 |
80 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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770 |
720 |
715 |
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Capital,
Paid-Up |
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310 |
310 |
310 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.00 |
7.14 |
-36.36 |
4.76 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.35 |
0.33 |
0.04 |
0.36 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2011 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.44.94 |
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UK Pound |
1 |
Rs.71.89 |
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Euro |
1 |
Rs.64.09 |
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.