MIRA INFORM
REPORT
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Report Date : |
03.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MVK CORPORATION |
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Registered Office : |
Unitcom Bldg, 6-14-7 Sotokanda Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
May, 1996 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale Of
Pc’s & 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 76.5 Million |
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Status : |
Moderate |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
MVK CORPORATION
REGD NAME
KK M V K
MAIN OFFICE
Unitcom Bldg,
6-14-7 Sotokanda Chiyodaku
Tel:
03-5846-5764
URL: http://www./mvkc.jp/
E-Mail address:info@mvkc.jp
ACTIVITIES
Import,
export, wholesale of PC’s & peripherals
BRANCHES
Nil
OFFICER(S)
MINORI OONO, PRES
Nobumatsu Hayashi, mgn dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,937 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND SLOW WORTH Yen
383 M
STARTED 1996 EMPLOYES 18
COMMENT
TRADING FIRM SPECIALIZING IN PC’S & PERIPHERALS, OWNED
BY UNITCOM CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: US$500,000 / O/A 30
DAYS.
MAX
CREDIT LIMIT: YEN 76.5 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established on the basis of a trading
division separated from Unitcom Co Ltd,
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen
3,811 million, a 21% down from Yen 4,837 million in the previous term. Sales were substantially affected by the
global economic downturn. Exports decreased. Consumer spending was sluggish. The net profit was posted at Yen 28 million,
compared with Yen 57 million a year ago.
Higher Yen eroded profits.
For the current term ending Mar 2011 the net profit is
projected at Yen 30 million, on a 5% rise in turnover, to Yen 4,000
million. Exports revived, says the firm.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 76.5 million, on 30 days normal terms. The proposed amount is considered within the
firm’s financial capacities.
REGISTRATION
Date Registered : May 1996
Regd No. : (Tokyo-Chiyodaku) 098680
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 5,400 shares
Issued :
1,600 shares
Sum :
Yen 80 million
Major
shareholders (%): Unitcom Co Ltd* (100)
*.. Wholesaler
of PC’s & peripherals, Osaka, founded 1990, capital Yen 750 million,
turnover Yen 37,024 million, net profit Yen 46 million, employees 605, pres
Minori Oono, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales PC’s
& peripherals: mother boards, graphic card, CPU cooler, tuner capture, LCD
monitor, PC case, power units, other (--100%).
Clients: [PC mfrs, wholesalers] Unitcom,
Sofmap, Goodwill Co, Applied Corp, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] ASUS Technology,
Lead Tech Research, Biostar Microtech Int’l, Galaxy Technology Inc, LG
Electronics Japan, Media Tech, other.
Payment record:
Regular
Location
Business area in
Bank References
MUFG
(Nishi-Shinsaibashi)
Resona
Bank (Namba)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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4,000 |
3,811 |
4,837 |
6,447 |
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Recur.
Profit |
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238 |
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Net
Profit |
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30 |
28 |
57 |
180 |
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Total
Assets |
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1,167 |
1,521 |
1,421 |
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Current
Assets |
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1,158 |
1,507 |
1,404 |
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Current
Liabs |
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782 |
1,164 |
1,118 |
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Net
Worth |
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383 |
355 |
298 |
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Capital,
Paid-Up |
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80 |
80 |
80 |
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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 |
4.96 |
-21.21 |
-24.97 |
-3.10 |
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Current Ratio |
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.. |
148.08 |
129.47 |
125.58 |
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N.Worth Ratio |
.. |
32.82 |
23.34 |
20.97 |
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R.Profit/Sales |
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.. |
.. |
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3.69 |
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N.Profit/Sales |
0.75 |
0.73 |
1.18 |
2.79 |
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Return On Equity |
.. |
7.31 |
16.06 |
60.40 |
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Notes: The
figures for the 31/03/2009 fiscal term have been revised from the last report
dated 13/03/2010 as we reconfirmed with the firm to get the corrected figures.
Forecast
(or estimated) figures for the 31/03/2011 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.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
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 Company |
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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.