MIRA
INFORM REPORT
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Report Date : |
02.04.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL SHIPPING CO LTD |
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Registered Office : |
TAF Kyobashi Bldg
3F, 1-19-4 Kyobashi Chuoku |
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Country : |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
March, 1982 |
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Legal Form : |
Limited Company |
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Line of Business : |
Ship
Broker, Ship Management. |
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 54.9 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
UNIVERSAL SHIPPING CO LTD
REGD NAME: Universal
Kaiun KK
MAIN OFFICE
TAF Kyobashi Bldg
3F, 1-19-4 Kyobashi Chuoku
Tel:
03-3562-7080
Fax: 03-3562-7081
*..
Moved to the caption address in 2010
URL
N/A
ACTIVITIES
Ship
broker, ship management
BRANCHES
Nil
OFFICERS
KOICHI
KUROKAWA, PRES
Akira
Tazawa, dir
Hitoshi Kawasaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 658 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 305 M
STARTED 1982 EMPLOYES 4
COMMENT
SHIP BROKER SPECIALIZING IN STEEL PRODUCTS, FERTILIZER, ETC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 54.9 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The
subject company was established by Katsufumi Kawabata in order to make most of
his experience in the shipping industry, and has been succeeded by the present
executives. This is a ship broker
specializing in steels, steel products and fertilizer as main items, also other
industrial materials. The services
include ship charter, ship sales & purchase, ship management, and other
related services. Now, specifically
focuses on transport to and from
FINANCIAL INFORMATION
Financials are disclosed in digested form only.
The revenues for Jan/2011 fiscal term amounted to Yen 658
million, a 22% up from Yen 38 million in the previous term. Shipping demand was robust into and from
For
the current term ending Jan 2012 the operations are projected to come back to
profitability to post Yen 15 million recurring profit and Yen 15 million net
profit, respectively, on a 14% rise in turnover, to Yen 750 million. Business is seen expanding steadily.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 54.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1982
Regd No.: (Tokyo-Chuoku) 059861
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10
million
Major shareholders (%): Koichi Kurokawa (40), Tokichi Nakanishi
(20), Akira Tazawa (20), Hitoshi Kawasaki (20)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Ship broker specializing in steels,
steel products, fertilizer, other industrial raw materials (--100%).
The service includes: ship
charter, ship sales & purchase, ship management, and related operations.
Clients: [Trading houses] TRINET Logistics
(20%), Mitsubishi Corp (10%), Mitsui & Co, Sojitz Corp, Shinsho Corp,
Itochu Corp, Tri-Net Japan Inc, other.
No. of
accounts: 10
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: Ship
owners, ship operators (--
Payment record:
Regular
Location: Business area in
Bank References:
SMBC (Kyobashi)
MUFG (
Relations: Money
deposits and transfers only.
FINANCES
: (In
Million Yen)
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Terms Ending: |
31/01/2012 |
31/01/2011 |
31/01/2010 |
21/01/2009 |
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Annual
Sales |
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750 |
658 |
538 |
2,018 |
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Recur.
Profit |
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15 |
-21 |
10 |
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Net
Profit |
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15 |
-21 |
10 |
2 |
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Total
Assets |
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327 |
356 |
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Current
Assets |
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280 |
302 |
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Current
Liabs |
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22 |
27 |
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Net
Worth |
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305 |
329 |
319 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.(Total
Million ¥) |
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13 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
13.98 |
22.30 |
-73.34 |
-62.94 |
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Current Ratio |
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.. |
1,272.73 |
1,118.52 |
.. |
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N.Worth Ratio |
.. |
93.27 |
92.42 |
.. |
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R.Profit/Sales |
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2.00 |
-3.19 |
1.86 |
.. |
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N.Profit/Sales |
2.00 |
-3.19 |
1.86 |
0.10 |
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Return On Equity |
.. |
-6.89 |
3.04 |
0.63 |
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Note:
Financials are disclosed in digest form for the first time from 31/01/2010
fiscal term.
Forecast
figures for the 31/01/2012 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.44.38 |
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1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.83 |
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.