MIRA INFORM REPORT

 

 

Report Date :           

15.11.2011

 

IDENTIFICATION DETAILS

 

Name :

AN CORPORATION

 

 

Registered Office :

Hirai Bldg 1F, 2-33-5 Kichijoji-Honcho Musashino Tokyo-Metrop 180-0004

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

October 1955

 

 

Com. Reg. No.:                   

(Tokyo-Musashino) 010740

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of gardening/agricultural materials

 

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 23.7 Million

Status :

Small Company 

Payment Behaviour :

No Complaints

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

 

AN CORPORATION

 

 

REGD NAME

 

An KK

 

 

MAIN OFFICE

 

Hirai Bldg 1F, 2-33-5 Kichijoji-Honcho Musashino Tokyo-Metrop 180-0004 JAPAN

                        Tel: 0422-21-6215      Fax: 0422-21-6206

                                               

URL:                             http://www.an-corp.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Import, wholesale of gardening/agricultural materials

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

HIDEKAZU AN, PRES

Takanori Okada, s/mgn dir

Mitsue An, dir               

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 1,300 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             STEADY                       WORTH            Yen 220 M

STARTED                     1995                             EMPLOYES      8

 

 

COMMENT

 

IMPORTER OF GARDENING & AGRICULTURAL MATERIALS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 23.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hidekazu An in order to make most of his experience in the subject line o business.  This is a trading firm for import and wholesale of gardening and agricultural materials (See OPERATION).  Goods are imported from USA, Europe, S/E Asia, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 1,300 million, an 18% up from Yen 1,100 million in the previous term.  The net profit was posted at Yen 50 million, compared with Yen 40 million a year ago.

 

For the current term ending Dec 2012 the net profit is projected at Yen 52 million, on a 4% rise in turnover, to Yen 1,350 million.  Business is seen steadily growing. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 23.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Oct 1955

Regd No.:         (Tokyo-Musashino) 010740

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Hidekazu An (85), Takanori Okada (15)

 

No. of shareholders: 2

 

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

 

 

OPERATION

           

Activities: Imports and wholesales gardening/agricultural materials: potted plants, cut flowers, nursery, bulbs, gardening materials, agricultural materials & machinery (--100%).

 

Import agent for: Fleur Ami (Germany), Dramm (USA), Flora Media, other

 

Clients: Flower markets, flower auctions, retail shops, other

            No. of accounts: 250

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Imports (95%), domestic suppliers (5%)

 

Payment record: Regular

Location: Business area in Musashino City, Tokyo-Metrop.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         MUFG (Mitaka)

·         Mizuho Bank (Ogikubo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)      

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

1,350

1,300

1,100

1,200

Recur. Profit

　

　

　

　

　

Net Profit

　

52

50

40

30

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

220

170

130

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.85

18.18

-8.33

20.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.85

3.85

3.64

2.50

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.85

UK Pound

1

Rs.80.36

Euro

1

Rs.68.83

 

 

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.