MIRA INFORM REPORT

 

 

Report Date :

26.09.2011

 

IDENTIFICATION DETAILS

 

Name :

TRY CORPORATION

 

 

Registered Office :

MR Bldg 4F, 5-7-11 Ueno Taitoku Tokyo 110-0005

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2010

 

 

Date of Incorporation :

September 2001

 

 

Com. Reg. No.:

0105-01-028265 (Tokyo-Taitoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale, retail of copiers, tonners, printing rollers

 

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 26.6 Million

Status :

Small Company

Payment Behaviour :

Regular

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 and address

 

TRY CORPORATION

REGD NAME:    KK Try

MAIN OFFICE:  MR Bldg 4F, 5-7-11 Ueno Taitoku Tokyo 110-0005 JAPAN

                        Tel: 03-5812-1117      Fax: 03-5812-1107

 

*.. The address given is the old address from where the firm moved in 2006 to Ibaragi-Pref, and in Aug/2011 to the caption address and registered 25/08/2011

                                               

URL:                 http://try-oa.com/oasupply

E-Mail address: info@try-oa.com

 

 

ACTIVITIES  

 

Import, wholesale, retail of copiers, tonners, printing rollers

 

BRANCHES   

 

Tokyo (as given),

 

 

OFFICERS

 

TSUTOMU MINOWA, PRES

Kiyoshi Komatsu, dir

Koichi Shibata, dir                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 1,182 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 29 M

TREND             STEADY                       WORTH            Yen 131 M

STARTED                     2001                             EMPLOYES      １５

 

 

COMMENT    

 

IMPORTER AND WHOLESALER OF COPIERS AND ATTACHMENTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 26.6 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Tsutomu Minowa in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import, wholesale and retail of copiers & attachments.  60% of the goods are imported.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Aug/2010 fiscal term amounted to Yen 1,182 million, a 13% up from Yen 1,042 million in the previous term.  The recurring profit was posted at Yen 57 million and the net profit at Yen 32 million, compared with Yen 23 million recurring profit and Yen 14 million net profit, respectively, a year ago.

 

            For the current term ending Aug 2011 the recurring profit is projected at Yen 60 million and the net profit at Yen 35 million, respectively, on a 2% rise in turnover, to Yen 1,200 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 26.6 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Sept 2001

Regd No.:         0105-01-028265 (Tokyo-Taitoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,320 shares

Issued:                580 shares

Sum:                   Yen 29 million

Major shareholders (%): Tsutomu Minowa (100)

 

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

 

 

OPERATION

           

Activities: Imports, wholesales and retails copiers, tonners, inks, other attachments (--100%)

 

Clients: Consumers, wholesalers, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from overseas (60%), and domestically (40%)

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Hakozakicho)

Resona Bank (Akihabara)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/08/2011

31/08/2010

31/08/2009

31/08/2008

Annual Sales

　

1,200

1,182

1,042

972

Recur. Profit

　

60

57

23

　

Net Profit

　

35

32

14

9

Total Assets

　

　

345

322

299

Current Assets

　

　

306

284

　

Current Liabs

　

　

143

132

　

Net Worth

　

　

131

98

84

Capital, Paid-Up

　

　

29

29

29

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.52

13.44

7.20

7.88

    Current Ratio

 

..

213.99

215.15

..

    N.Worth Ratio

..

37.97

30.43

28.09

    R.Profit/Sales

 

5.00

4.82

2.21

..

    N.Profit/Sales

2.92

2.71

1.34

0.93

    Return On Equity

..

24.43

14.29

10.71

 

Notes: Forecast (or estimated) figures for the 31/08/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.67

UK Pound

1

Rs.76.50

Euro

1

Rs.66.98

 

 

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.