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Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
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Name : |
KK SPRING COSMO INTERNATIONAL |
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Registered Office : |
Koshin Bldg 7F, 2-2-22 Kanda-Nishikicho Chiyodaku Tokyo 101-0054 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
Jun 1993 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 131476 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export, wholesale of
paper, paper products |
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No. of Employees : |
14 |
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 100.0 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) |
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Japan |
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 |
SPRING COSMO INTERNATIONAL CORPORATION
REGD NAME: KK
Spring Cosmo International
MAIN OFFICE: Koshin
Bldg 7F, 2-2-22 Kanda-Nishikicho Chiyodaku Tokyo 101-0054 JAPAN
Tel:
03-5577-6602
Fax: 03-5577-6613
URL: http://www.springcosmo.com/
E-Mail
address: info@springcosmo.com
Import,
export, wholesale of paper, paper products
Nil
FUMITAKA
TAKAHASHI, PRES Yuzuru
Isshiki, dir
Eiji
Takeshita, dir Masanao
Osada, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,500 M
PAYMENTS No complaints CAPITAL Yen 20 M
TREND SLOW WORTH Yen
236 M
STARTED 1993 EMPLOYES 14
TRADING
FIRM SPECIALIZING IN PAPER & PAPER PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESSS ENGAEMENTS
MAX CREDIT
LIMIT: YEN 100.0 MILLION, 30 DAYS NORMAL TERMS
The
subject company was established by Fumitaka Takahashi in order to make most of
his experience in the subject
line of business. This is a trading firm
for import, export and wholesale of paper
& paper products: paper, coated paper, quality paper, board paper,
used/recycled paper, pulp, other. Goods
are imported from Korea, Europe, Asia, other, and exported to USA, Taiwan,
Oceania, Asia, etc (80%). Domestic sales
account for 20% of total sales. Domestic
clients include printing firms.
Financials are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen
5,500 million, a 29% down from Yen 7,700 million in the previous term. Sales declined due the change of journalizing
some products. The net profit was posted
at Yen 25 million, compared with Yen 50 million a year ago.
For the current term ending Mar 2012 the net profit is
projected at Yen 30 million, on a 4% rise in turnover, to Yen 5,700 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 100.0 million, on 30 days normal terms.
Date Registered: Jun 1993
Regd No.: (Tokyo-Chiyodaku)
131476
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20
million
Major shareholders (%): Fumitaka Takahashi (50),
Nakagawa Mfg Co (25), Company’s Treasury Stock (25)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports (80%) and wholesales
(20%) paper & paper products: coated paper, bond paper, machine glazed
paper, printing paper, fiberboard, quality paper, used/recycled paper, pulp,
other (--100%).
Clients:
[Printers, wholesalers] Nakagawa Mfg Co, Toyo Printing, Toppan Printing,
Shiroki KK,
Kokusai Pulp & Paper, Seikosha Printing Ltd, other.
Exports to Oceania (50%), other to Taiwan, Asia, USA, other
No. of
accounts: 500
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Shiroki Co, Japan
Paper & Pulp, Oji Trading, Kokusai Pulp & Paper, Gojo Paper Mfg,
Marubeni Corp, other.
Imports from Hansul Paper
(Korea), other from Europe, Asia, other.
Payment record: No
complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Omotesando)
SMBC
(Aoyama)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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5,700 |
5,500 |
7,700 |
6,500 |
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Recur.
Profit |
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Net
Profit |
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30 |
25 |
50 |
80 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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236 |
211 |
161 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
3.64 |
-28.57 |
18.46 |
32.65 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.53 |
0.45 |
0.65 |
1.23 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 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.51.04 |
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1 |
Rs.81.08 |
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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 |
-- |
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.