MIRA INFORM REPORT
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Report Date : |
13.05.2011 |
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
|
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:
0532-41-8725 Fax: 0532-41-8728
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 (Dir of the parent and 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 UNDETD 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 Shinkouei Technology Co Ltd, Hong Kong, as
its marketing office in Japan. 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 (%):
Shinkouei Technology Co Ltd, Hong Kong (100)
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
Payment record: Regular
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 |
|
US Dollar |
1 |
Rs.44.79 |
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UK Pound |
1 |
Rs.73.19 |
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Euro |
1 |
Rs.63.59 |
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.