MIRA INFORM REPORT
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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BIC JAPAN CO LTD |
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Registered Office : |
Central East
Bldg 7F, 1-14-1 Shintomi Chuoku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
May
1991 |
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Com. Reg. No.: |
0100-01-043846
(Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
wholesale of BIC brand pens,
lighters, shavers |
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No. of Employees
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26 |
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 56.0 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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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 |
BIC JAPAN CO LTD
BIC Japan KK
Central East Bldg
7F, 1-14-1 Shintomi Chuoku Tokyo 104-0041 JAPAN
Tel:
03-5542-3050 Fax: 03-5542-3051
URL: http://www.bic-japan.co.jp
E-Mail address: japan@bicworld.com
Import,
wholesale of BIC brand pens, lighters, shavers
Nil
HIROYUKI
YANAGISAWA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
2,300 M
PAYMENTS No
Complaints CAPITAL Yen 195 M
TREND UP WORTH Yen 895 M
STARTED 1991 EMPLOYES 26
TRADING FIRM SPECIALIZING IN PENS, LIGHTERS, SHAVERS, WHOLLY OWNED BY SOCIETE BIG (FRANCE).
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$150,000 / O/A 60 DAYS.
MAX CREDIT LIMIT: YEN 56.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1978 as a JV between Societe BIC and Kosaido Co Ltd, printing company, Tokyo, as BIC Kosaido KK. In 1991, Societe BIC bought the shares of Kosaido and became independent, and renamed as captioned. This is a trading firm for import and wholesale of BIC brand stationery, lighters, shavers, other. Goods are imported from Societe BIC and its group firms in Asia. Clients include Japan Tobacco Inc, other.
Financial are consolidated by the French parent and only partially
disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 2,300 million,
a 77% up from Yen 1,300 million in the previous term. Client networks expanded. Demand rose substantially. The net profit is estimated posted at Yen 100
million, compared with Yen 50 million a year ago. Profits are not precisely disclosed.
For the current term ending Dec 2012 the net profit is projected at Yen
110 million, on a 4% rise in turnover, to Yen 2,400 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 56.0 million, on 30 days normal terms. The proposed amount for 60 days term is considered
well within the firm’s financial capacities.
Date Registered: May
1991
Regd No.: 0100-01-043846 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3,900 shares
Issued:
3,900 shares
Sum: Yen 195 million
Major shareholders (%): Societe BIC (France) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales BIC brand stationeries (pens, markers, erasers, other), lighters, shavers, other (--100%)
Clients: [Mfrs, wholesalers] Japan Tobacco Inc, Ecole Ryutsu Group Co, Sunrise Boeki, Chuo Bussan Corp, Arata Corp, Tokyo Pipe Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Societe BIC, BIC Asia, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· SMBC (Mitadori)
· MUFG (Ginza)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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2,400 |
2,300 |
1,300 |
1,300 |
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Recur.
Profit |
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Net
Profit |
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110 |
100 |
50 |
50 |
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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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895 |
795 |
745 |
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Capital,
Paid-Up |
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195 |
195 |
195 |
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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 |
4.35 |
76.92 |
0.00 |
-7.14 |
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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 |
4.58 |
4.35 |
3.85 |
3.85 |
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Notes: Financials are only partially disclosed. Profits are estimated only as not precisely
disclosed.
Forecast
(or estimated) figures for the 31/12/2012 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.51.55 |
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UK Pound |
1 |
Rs.81.95 |
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Euro |
1 |
Rs.67.57 |
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.