MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
WA LTD |
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Registered Office : |
Urban Ebisu
Studio 3A, 4-7-6 Ebisu Shibuyaku |
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Country : |
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Financials (as on) : |
31.08.2011 |
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Date of Incorporation : |
February
2002 |
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Com. Reg. No.: |
0110-01-053257
(Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, retail
of women’s footwear |
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No. of Employees
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96 |
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 45.6 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
WA LTD
KK W. A.
Urban Ebisu Studio
3A, 4-7-6 Ebisu Shibuyaku
Tel:
03-5423-3601 Fax: 03-5423-3006
*.. Moved to the caption address in Jul/2007 from the former at: 2-10-8
Kitazawa Setagayaku Tokyo
URL: http://www.wa-jp.com
E-Mail address: info@wa-jp.com
Import,
retail of women’s footwear
26
stores nationwide
SHUNI
SHO, PRES Tokushige
Irie, dir
Miyuki
Suzuki, dir Takumi
Suganuma, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,500 M
PAYMENTS No
Complaints CAPITAL Yen 50 M
TREND UP WORTH Yen 113 M
STARTED 2002 EMPLOYES 96
RETAILER OF WOMEN’S SHOES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 45.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Shuni Sho, a Chinese resident, in
order to make most of his experience in the subject line of business. This is a retailer of women’s footwear:
shoes, sandals, boots, other, imported from Europe,
Financial are only partially disclosed.
The sales volume for Aug/2011 fiscal term amounted to Yen 2,500 million,
a 6% up from Yen 2,350 million in the previous term. The net profit was posted at Yen 8 million,
similarly in the previous period.
Precise profits are not disclosed and they are only estimated.
For the current term ending Aug 2012 the net profit is projected at Yen
10 million, on a 4% rise in turnover, to Yen 2,600 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 45.6 million, on 30 days normal terms.
Date Registered: Feb 2002
Regd No.: 0110-01-053257 (Tokyo-Shibuyaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%): Shuni Sho (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
retails women’s footwear: shoes, boots, sandals, slippers, other, operating 26
retail shops nationwide (--100%)
Main Brands: Oriental Traffic, Conscious Day, other
Clients: Consumers
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs] Imports
from contracted mfrs in Europe,
Payment record: No
Complaints
Location:
Business area in
Bank References:
SMBC
(Shibuya)
Mizuho
Bank (Ebisu)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/08/2012 |
31/08/2011 |
31/08/2010 |
31/08/2009 |
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Annual
Sales |
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2,600 |
2,500 |
2,350 |
1,300 |
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Recur.
Profit |
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Net
Profit |
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10 |
8 |
8 |
5 |
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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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113 |
105 |
97 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
4.00 |
6.38 |
80.77 |
-16.13 |
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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 |
0.38 |
0.32 |
0.34 |
0.38 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2012 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.