MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
M&S INSTRUMENTS INC |
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Registered Office : |
2-12-4 Mikuni-Honmachi Yodogawaku Osaka
532-0005 |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
February 1966 |
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Com. Reg. No.: |
1200-01-054191
(Osaka-Yodogawaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of scientific & analytical instruments |
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No. of Employees
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86 |
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 143.0 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 – 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 |
M&S INSTRUMENTS INC
M. S. Kiki KK
2-12-4
Mikuni-Honmachi Yodogawaku
Tel:
06-6396-0501 Fax: 06-6396-2588
URL: http://www.technosaurus.co.jp
E-Mail address: (thru the URL)
Import,
export, wholesale of scientific & analytical instruments
HIROYUKI
SAKANISHI, PRES
Hiroto
Kotaniguchi, mgn dir
Nobuyuki
Hirodo, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,790 M
PAYMENTS No
Complaints CAPITAL Yen 96 M
TREND UP WORTH Yen 2,271 M
STARTED 1966 EMPLOYES 86
TRADING FIRM SPECIALIZING IN SCIENTIFIC INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 143.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Hiroyuki Sakanishi in order to
make most of his experience in the subject line of business. This is a trading firm specializing for
import, export and wholesale of scientific & analytical instruments. Clients include universities, laboratories,
biotechnology firms, pharmaceuticals, other, nationwide.
Financial are disclosed in digested forms.
The sales volume for Sept/2011 fiscal term amounted to Yen 2,790
million, a 2% up from Yen 2,743 million in the previous term. The recurring profit was posted at Yen 306
million and the net profit at Yen 174 million, respectively, compared with Yen
288 million recurring profit and Yen 98 million net profit, respectively, a
year ago.
For the current term ending Sept 2012 the recurring profit is projected
at Yen 310 million and the net profit at Yen 180 million, respectively, on a 4%
rise in turnover, to Yen 2,900 million.
Both exports and imports are increasing.
Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 143.0 million, on 30 days normal terms.
Date Registered: Feb 1966
Regd No.: 1200-01-054191 (Osaka-Yodogawaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
700,000 shares
Issued:
192,000 shares
Sum: Yen 96 million
Major shareholders
(%): MS Techno Systems* (30), Employees’ S/Holding Assn (29), Executives’
S/Holding Assn (24)
*.. Subsidiary trading firm specializing in life scientific equipment,
owned by Hiroyuki Sakanishi
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales scientific & analytical instruments (--100%)
The firm sells and supports a broad
line of products mainly for biotechnology and pharmaceutical R&D, including
genomics, proteomics, and drug discovery.
Clients: [Mfrs,
wholesalers] Ikeda Scientific Co, Ikemoto Scientific Technology Co, Rikaken Co,
Wakamori Shokai Co, Wakenyaku Co, Biotech Lab Inc, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Gilson Inc, Neslab System, Covaris Inc, Circular Technology
Limited, Li-CORE Bioscience, other
Payment record: No Complaints
Location: Business area in
Bank
References:
MUFG (Tenroku)
Mizuho
Bank (Esaka)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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2,900 |
2,790 |
2,743 |
2,505 |
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Recur.
Profit |
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310 |
306 |
288 |
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Net
Profit |
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180 |
174 |
98 |
42 |
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Total
Assets |
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2,687 |
2,720 |
2,842 |
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Current
Assets |
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1,911 |
1,938 |
2,014 |
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Current
Liabs |
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377 |
280 |
384 |
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Net
Worth |
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2,271 |
2,104 |
2,005 |
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Capital,
Paid-Up |
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96 |
96 |
96 |
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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 |
3.94 |
1.71 |
9.50 |
-89.05 |
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Current Ratio |
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.. |
506.90 |
692.14 |
524.48 |
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N.Worth Ratio |
.. |
84.52 |
77.35 |
70.55 |
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R.Profit/Sales |
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10.69 |
10.97 |
10.50 |
.. |
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N.Profit/Sales |
6.21 |
6.24 |
3.57 |
1.68 |
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Return On Equity |
.. |
7.66 |
4.66 |
2.09 |
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Notes:
Forecast (or estimated) figures for the 30/09/2012 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.