MIRA INFORM REPORT
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Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SHINKOUEI CO LTD |
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Registered Office : |
31-365 Ushida Higashihosoyamachi Toyohashi
Aichi-Pref 441-3112 |
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Country : |
Japan |
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Date of Incorporation : |
August 2009 |
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Com. Reg. No.: |
1803-01-009464
(Aichi-Toyohashi) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of electronics parts/components |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 0.3 Million |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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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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
SHINKOUEI CO LTD
REGD NAME
Shinkouei KK
MAIN OFFICE
31-365 Ushida Higashihosoyamachi
Toyohashi Aichi-Pref 441-3112 JAPAN
Tel:
0532-88-7078 Fax: 0532-88-7078
URL: N/A
ACTIVITIES
Import,
wholesale of electronics parts/components
BRANCHES
Nil
FACTORIES
China (subcontracted)
OFFICER(S)
BUNHIN
OU, PRES (only phonetically spelled)
Y Yoh,
dir (non-active)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 20 M
PAYMENTS REGULAR CAPITAL Yen 8
M
TREND Unknown WORTH Yen
8 M
STARTED 2009 EMPLOYES 5
COMMENT
TRADING
FIRM SPECIALIZING IN ELECTRONICS PARTS/COMPONENTS.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS
MAX CREDIT LIMIT: YEN 0.3 MILLION, 30 DAYS, RECOMMENDING SECURED TERMS ON NEW
TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Bunhin Ou, a Chinese resident, in order to make most of his experience in the subject line of business. This is a trading firm, just started, specializing in import and wholesale of electronics parts/components for OA mfg industries. Goods are manufactured in China (subcontracted) and imported. Clients are OA equipment makers.
FINANCIAL INFORMATION
Financials are only partially
disclosed.
The sales volume for
the initial fiscal term ending Jul/2010 amounted to Yen 20 million, with net
profit reporting at Yen 1 million. .
For the current term
ending July 2011 the net profit is projected at Yen 2 million, on a 25% rise in
turnover, to Yen 25 million. Expanding
client networks in the second term.
The financial
situation is considered undetermined due to the recent inception but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 0.3 million, on 30 days normal
terms. We recommend secured terms on new
transactions.
REGISTRATION
Date Registered: Aug 2009
Regd No.: 1803-01-009464 (Aichi-Toyohashi)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 3,200
shares
Issued: 800 shares
Sum: Yen 8 million
Major shareholders (%): B
Ou, Y Yo (--100)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales electronics parts/components for OA mfg
industries (--100%)
Clients: OA equipment mfrs
No. of accounts: Unavailable
Domestic areas of activities:
Centered in Aichi-Pref
Suppliers: [Mfrs] Imports from China
Location: Business area in Toyohashi, Aichi-Pref. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References:
Local Bank
(Toyohashi)
Relations: Money
deposits & transfers only
FINANCES
(In Million Yen)
Not
made available
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.69 |
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UK Pound |
1 |
Rs.73.12 |
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Euro |
1 |
Rs.64.39 |
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.