MIRA INFORM REPORT
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Report Date : |
19.03.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
62-69-1 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
January
1995 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of building materials |
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 13.1 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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
REGD NAME
KK Japan
Construction Trading
MAIN OFFICE
62-69-1
Ishidoriyacho-Niibori Hanamaki City Iwate-Pref 028-3111
Tel:
0198-45-2935 Fax: 0198-45-2265
URL: www.j-ct.com
E-mail: jcthigashi@j-ct.com
ACTIVITIES
Import,
wholesale of building materials
BRANCHES
Kuki
(Saitama),
OVERSEAS
OFFICER(S)
YOSHIHIRO
WATANABE, PRES
Yoshio
Sadaishi, dir
Shinobu
Kawamura, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 483 M
PAYMENTS REGULAR CAPITAL Yen
99 M
TREND STEADY WORTH Yen
226 M
STARTED 1995 EMPLOYES 14
COMMENT
TRADING
FIRM FOR IMPORTING BUILDING MATERIALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$147,878.00
MAX
CREDIT LIMIT: YEN 13.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshihiro Watanabe in order to make
most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of building & housing materials (See OPERATION). Goods are
imported from North Europe,
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2009 fiscal term amounted to Yen 483 million, a
3% up from Yen 467 million in the previous term. New clients were added. The net profit was posted at Yen 1 million,
compared with Yen 3 million a year ago.
.
For the term that ended Dec 2010 the net profit was projected at Yen 5
million, on a 4% rise in turnover, to Yen 500 million. 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 13.1 million, on 30 days normal terms. The proposed amount is considered within the
firm’s financial capacities.
REGISTRATION
Date Registered: Jan 1995
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 7,920
shares
Issued: 1,980 shares
Sum: Yen 99
million
Major shareholders (%): Yoshihiro
Watanabe (85), Japan Construction System (10), Endure Home
(5)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales housing/building materials (--100%).
(Handling Items): porch doors, room
doors, closet doors, garage doors, floorings, house interior materials, ceiling
fans, windows & sashes, kitchen, heating system, tiles, natural stones,
stone bricks, stairs, cabinets, furniture, bathroom systems, lighting fixtures,
insulating materials, other
Clients: Goods are
distributed thru FC agent dealership to house makers, construction firms,
wholesalers, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Yamazen Co, Capstone Co, BHI Materials, Pacific Rim, Star Lien
Windows, other.
Imports from North Europe,
Payment record: Regular
Location: Business area in
Bank References:
Mizuho
Bank (
Kita
Nippon Bank (Nishi-Hanamaki)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
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Annual
Sales |
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500 |
483 |
467 |
484 |
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Recur.
Profit |
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Net
Profit |
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5 |
1 |
3 |
6 |
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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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226 |
225 |
222 |
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Capital,
Paid-Up |
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99 |
99 |
99 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
9.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.52 |
3.43 |
-3.51 |
-4.72 |
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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 |
1.00 |
0.21 |
0.64 |
1.24 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2010 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.45.09 |
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|
1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.43 |
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 |
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.