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Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
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Name : |
KK S T JAPAN |
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Registered Office : |
Analytical Bldg, 1-14-10 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
May 1990 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of
analytical equipment & accessories |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 35.4 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
S T JAPAN INC
REGD NAME: KK
S T Japan
MAIN OFFICE: Analytical
Bldg, 1-14-10 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014
JAPAN
Tel:
03-3666-2561
Fax: 03-3666-268
E-Mail
address: (thru the URL)
Import,
wholesale of analytical equipment & accessories
Osaka
USA,
Germany, other
TAKAO
NAKAGAWA, PRED
Nobuyoshi
Kitagawa, s/mgn dir
Bob
Sheep, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,358 M
PAYMENTS No complaints CAPITAL Yen 20 M
TREND UP WORTH Yen 368 M
STARTED 1990 EMPLOYES 30
TRADING FIRM FOR IMPORT AND WHOLESALE OF SCIENTIFIC &
ANALYTIOCAL EQUIPMENT & ACCESSORIES.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 35.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Takao Nakagawa 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 scientific & analytical equipment & accessories (See OPERATION) Clients include Japan Marine Safety Agency,
Tokyo Metropolitan Police Office, Fire Agency, other
The sales volume for Dec/2010 fiscal term amounted to Yen
1,358 million, a 26% up from Yen 1,082 million in the previous term. The recurring profit was posted at Yen 86
million and the net profit at Yen 86 million, respectively, compared with Yen
60 million recurring profit and Yen 44 million net profit, respectively, a year
ago.
For the term that ended Dec 2011 the recurring profit was
projected at Yen 90 million and the net profit at Yen 70 million, respectively,
on a 3% rise in turnover, to Yen 1,400 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 35.4 million, on 30 days normal terms.
Date Registered: May 1990
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20 million
Major shareholders (%): Takao Nakagawa (30), Nobuyoshi
Kitagawa (22), Bob Sheep
(16)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales analytical
equipment & accessories: spectra & accessories for analytical
laboratories, accessories for spectra copy, accessories for microanalogiesly, other
(--100),
Clients: [Government agencies, laboratories]
Shimadzu Corp, Marine Safety Agency, Fore Defense Agency, Tokyo Metropolitans
Office, Smith Ditections, Pike Technologies, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Smith Directions,
Kaiser Optical Systems, Thermo Electron, other.
Payment record: No
complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ohdenmacho)
Seibu
Shinkin Bank (Kodaira)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
|
1,400 |
1,358 |
1,082 |
1,079 |
|
Recur.
Profit |
|
90 |
86 |
60 |
|
|
Net
Profit |
|
70 |
67 |
44 |
22 |
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Total
Assets |
|
|
849 |
785 |
674 |
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Current
Assets |
|
|
753 |
701 |
|
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Current
Liabs |
|
|
300 |
287 |
|
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Net
Worth |
|
|
368 |
303 |
260 |
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Capital,
Paid-Up |
|
|
20 |
20 |
20 |
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Div.Ttl
in Million (¥) |
|
|
3.3 |
2.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.09 |
25.51 |
0.28 |
6.10 |
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Current Ratio |
|
.. |
251.00 |
244.25 |
.. |
|
N.Worth Ratio |
.. |
43.35 |
38.60 |
38.58 |
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R.Profit/Sales |
|
6.43 |
6.33 |
5.55 |
.. |
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N.Profit/Sales |
5.00 |
4.93 |
4.07 |
2.04 |
|
|
Return On Equity |
.. |
18.21 |
14.52 |
8.46 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.