MIRA INFORM REPORT

 

 

Report Date :           

02.11.2011

 

IDENTIFICATION DETAILS

 

Name :

TRINITY INC

 

 

Registered Office :

2-14-17 Tohoku Niiza Saitama-Pref 352-0001

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

May 2006

 

 

Com. Reg. No.:

(Saitama-Niiza) 048165

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of computer peripherals, iPod & peripherals

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 11.1 Million

 

 

Status :

Small Company 

 

 

Payment Behaviour :

Usually Correct

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

TRINITY INC

 

 

REGD NAMe

 

Trinity KK

 

 

MAIN OFFICE

 

2-14-17 Tohoku Niiza Saitama-Pref 352-0001 JAPAN

Tel: 048-299-3433     Fax: 03-6366-5173

 

*.. Registered at: 4-1-15-1001 Nobotome Niiza Saitama-Pref

 

URL:                 www.trinity.jp 

E-mail:             info@trinity.jp      

 

 

ACTIVITIES

 

Import, wholesale of computer peripherals, iPod & peripherals

 

 

BRANCHES

 

Tokyo

 

 

OFFICER(S)  

 

TETSUSHI HOSHIKAWA, PRES

Fumika Baba, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                 A/SALES          Yen 630 M

PAYMENTS                  REGULAR         CAPITAL           Yen 9 M

TREND             STEADY           WORTH            Yen 421 M

STARTED                     2006                 EMPLOYES      8

 

 

COMMENT

 

IMPORTER AND WHOLESALER OF COMPUTER PERIPHERALS. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 11.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Tetsushi Hoshikawa in order to make most o his experience in the subject line of business.  This is a trading firm for import and wholesale of computer peripherals, iPod peripherals, other.  Stressing the sales of iPod peripherals.  Clients include major information system dealers.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed, except for the 30/04/2009 fiscal term.

 

The sales volume for Apr/2011 fiscal term amounted to Yen 630 million, a 2% up from Yen 620 million in the previous term.  iPod peripherals were most popularly sold.  The net profit was posted at Yen 80 million, compared with Yen 85 million a year ago.  .

 

For the current term ending Apr 2012 the net profit is projected at Yen 85 million, on a 2% rise in turnover, to Yen 640 million.  Business is seen steadily expanding. 

           

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 11.1 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  May 2006

Regd No.:          (Saitama-Niiza) 048165

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　792 shares

Issued: 　           198 shares

Sum:                　Yen 9.9 million

Major shareholders (%): Tetsushi Hoshikawa (80), Fumika Baba (20)

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports and wholesales computer peripherals, iPod & peripherals (iPod touch, iPod classic, iPod nano, iPod shuffles), other (--100%).

Goods are imported centrally from China, and USA.

 

Clients: [Telecommunication carriers, wholesalers] SYNNEX Infotec Corp (90%), Daiwabo Information Systems, Soft Bank BB, Mercros Corp, Marubeni Infotec, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports from China (80%), Blue Lounge Design Corp, H2O Audio Corp, other.

 

Payment record: Regular

 

Location: Business area in Niiza City, Saitama-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Niiza-Shiki)

SMBC (Niiza-Shiki)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/04/2012

30/04/2011

30/04/2010

30/04/2009

Annual Sales

　

640

630

620

617

Recur. Profit

　

　

　

　

209

Net Profit

　

83

80

85

89

Total Assets

　

　

N/A

N/A

263

Net Worth

　

　

421

341

256

Capital, Paid-Up

　

　

9

0

9

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.59

1.61

0.49

66.76

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

97.34

    N.Profit/Sales

12.97

12.70

13.71

14.42

Notes: Financials are disclosed only partially, except for the 30/04/2009 fiscal term

Forecast figures for the 30/04/2012 fiscal term. 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.78

Euro

1

Rs.67.76

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.