MIRA INFORM REPORT

 

 

Report Date :           

19.11.2011

 

IDENTIFICATION DETAILS

 

Name :

CROSS-LINK PACIFIC INC

 

 

Registered Office :

Matsumoto Bldg 2F, 2-14 Tomihisacho Shinjukuku Tokyo 162-0067

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 2004

 

 

Com. Reg. No.:

(Tokyo-Shinjukuku) 045813

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of printing machines, industrial-use adhesive tapes

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

Yen 3.0 Million

Status :

Moderate

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

 

CROSS-LINK PACIFIC INC

 

 

REGD NAME

 

KK Kurosu Rinku Pacific

 

 

MAIN OFFICE

 

Matsumoto Bldg 2F, 2-14 Tomihisacho Shinjukuku Tokyo 162-0067 JAPAN

Tel: 03-5919-2120      Fax: 03-5919-2129

                                   

URL:                             http://www.crosslinkpacific.co.jp

E-Mail address:                        info@crosslinkpacific.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of printing machines, industrial-use adhesive tapes

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

MASAYUKI KOUNAI, PRES                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    WEAK                          A/SALES          Yen 168 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 3 M

TREND             SLOW                          WORTH            Yen 9 M

STARTED                     2004                             EMPLOYES      8

 

COMMENT

 

TRADING FIRM SPECIALIZING IN PRINTING MACHINES.

 

FINANCIAL SITUATION CONSIDERED WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 3.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Masayuki Kounai in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import and wholesale of printing machines, their parts & components, industrial-use adhesive tapes, other.  Goods are imported widely from USA, Europe, Asia, other.  Clients include major printing companies.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 168 million, a 44% up from Yen 117 million in the previous term.  The net profit was posted at Yen 5 million, compared with Yen 1 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 5 million, on a 4% rise in turnover, to Yen 175 million.

 

The financial situation is considered WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 3.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 2004

Regd No.:         (Tokyo-Shinjukuku) 045813

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240 shares

Issued:    60 shares

Sum:                   Yen 3 million

Major shareholders (%): Masayuki Kounai (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports and wholesales printing machines & parts, industrial-use adhesive tapes, other (--100%)

 

(Printing machines & parts, supplies): sleeves, magnet cylinders, anilox roll, make-up exposures, chemical actionometers, clay controllers, doctor blades, magnesium board, developing fluid, adhesives, chromatin film, tonners, inkjet paper, sensitized paper, other.

 

Clients: [Mfrs, wholesalers] Sumita Co, Toyo Ink Co, Taiyo Kikai Ltd, Orient Sogyo Co, The Pack Corp, Kyodo Printing Co, Superbag Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs] Imports from: EI du Pont de Nemours & Co, Flxographic Technical Association Inc, Harper Corp, New England Graphics Inc, Norcross Corp, OLEC Corp, Revere Graphics Worldwide Inc, Xymid LLC (--USA), Koester GmbH, Spilker GmbH, Lohmann GmbH & Co (--Germany), Lippolis (Italy), Wifac BV (Netherlands), other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         Resona Bank (Nerima)

·         MUFG (Ekoda)

 

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

175

168

117

135

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

9

5

4

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.17

43.59

-13.33

22.73

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

2.86

2.98

0.85

0.74

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.35

UK Pound

1

Rs.80.97

Euro

1

Rs.68.26

 

 

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.