MIRA INFORM REPORT
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Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AIDEN CO LTD |
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Registered Office : |
30-3 |
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Country : |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
August 1960 |
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Com. Reg. No.: |
1803-01-023956 (Hiroshima-Shinshiro) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of breaker parts & components |
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No. of Employees
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140 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 140.3 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
AIDEN CO LTD
KK Aiden
34-2 Higashigashihara Shinshiro City
Aichi-Pref 441-1362
Tel:
0536-22-2289 Fax: 0536-23-7765
*..
Registered at: 30-3
E-Mail address: (thru the URL)
Mfg of
breaker parts & components
Aichi
(8)
Aichi
(8)
YOICHI
ODA, PRES
Masayoshi
Hayashi, s/mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,011 M
PAYMENTS No
Complaints CAPITAL Yen 30 M
TREND SLOW WORTH Yen
1,860 M
STARTED 1960 EMPLOYES 140
MFR OF BREAKER PARTS & COMPONENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 140.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Yoichi Koide in order to make most of his experience into eh subject line of business. This is a specialized mfr of breaker parts & components (See OPERATION). Clients include major electronics mfrs, nationwide.
The sales volume for Jul/2011 fiscal term amounted to Yen 5,011 million, a 6% down from Yen 5,422 million in the previous term. The recurring profit was posted at Yen 82 million and the end profit at Yen 51 million, respectively, compared with Yen 102 million recurring profit and Yen 62 million net profit, respectively, a year ago.
For the current term ending Jul 2012 the recurring profit is projected at Yen 83 million and the net profit at Yen 52 million, respectively, on a 2% rise in turnover, to Yen 5,100 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 140.3 million, on 30 days normal terms.
Date Registered: Aug 1960
Regd No.: 1803-01-023956 (Hiroshima-Shinshiro)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,740 shares
Sum: Yen 30.37 million
Major shareholders (%): Yoichi Koide (34), Masayoshi
Hayashi (15), Sachiko Mochizuki (10), Sumio Koide (9)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures breaker parts & components: various breakers, pitch connectors, plastic parts for automobiles, car navigation equipment, heater control, overhead, PC peripherals & accessories, other (--100%)
Clients: [Mfrs, wholesalers] Panasonic Corp, Panasonic Electronics Ind, Sony Corp, Aiphone Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Heavy Ind, Panasonic Corp Owari, KM Corporation, other
Payment record: No Complaints
Location:
Business area in
Bank References:
MUFG (Shinshiro)
Toyokawa Shinkin Bank
(Shinshiro-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
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5,100 |
5,011 |
5,422 |
6,607 |
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Recur.
Profit |
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83 |
82 |
102 |
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Net
Profit |
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52 |
51 |
62 |
100 |
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Total
Assets |
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5,278 |
5,317 |
4,696 |
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Current
Assets |
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2,987 |
3,235 |
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Current
Liabs |
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1,591 |
1,620 |
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Net
Worth |
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1,860 |
1,808 |
1,746 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.78 |
-7.58 |
-17.94 |
-29.77 |
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Current Ratio |
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.. |
187.74 |
199.69 |
.. |
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N.Worth Ratio |
.. |
35.24 |
34.00 |
37.18 |
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R.Profit/Sales |
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1.63 |
1.64 |
1.88 |
.. |
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N.Profit/Sales |
1.02 |
1.02 |
1.14 |
1.51 |
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Return On Equity |
.. |
2.74 |
3.43 |
5.73 |
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Notes:
Forecast (or estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.05 |
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1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.