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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PROSTAR INC |
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Registered Office : |
22-3 Funahashicho |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
January 1985 |
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Com. Reg. No.: |
1500-01-002894 (Nara-Nara) |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of metallic yarns |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 8.0 Million |
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Status : |
Small Company |
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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 |
PROSTAR INC
REGD NAME: KK
Prostar
MAIN OFFICE: 22-3
Funahashicho Nara 630-8258
Tel:
0742-24-8851 Fax: 0742-24-8853
URL: N/A
Export of metallic
yarns
Nil
NORIKAZU TERAURA,
PRES
Hideo Akashi, dir
Kumiko Sakamoto,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen
534 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
11 M
TREND UP WORTH Yen 47 M
STARTED 1985 EMPLOYES 4
EXPORTER OF METALLIC YARNS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 8.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was
established by Norikazu Teraura in order to make most of his experience in the
subject line of business. This is a
trading firm for exporting metallic yarns.
Goods are exported to
The sales volume for
Dec/2010 fiscal term amounted to Yen 534 million, an 11% up from Yen 483
million in the previous term. Exports to
Chinese makers rose, particularly for Japanese-owned subsidiaries. The recurring profit was posted at Yen 3
million and the net profit at Yen 1 million, respectively, compared with Yen 3
million recurring profit and Yen 2 million net profit, respectively, a year
ago.
For the term that ended
Dec 2011 the recurring profit was projected at Yen 5 million and the net profit
at Yen 3 million, respectively, on a 5% rise in turnover, to Yen 560
million. Exports continued to increase. 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 8.0
million, on 30 days normal terms.
Date Registered: Jan 1985
Regd No.:
1500-01-002894 (Nara-Nara)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 92,000 shares
Issued: 23,000 shares
Sum: Yen 11.5 million
Major
shareholders (%): Norikazu Teresina (48), other
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports metallic
yarns, others (100%)
Clients: [Mfrs,
wholesalers] Exports to
Domestically: GSI Creos Corp, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] GSI Creos Corp, MRD,
Payment record: No Complaints
Location: Business area in
Bank References:
Nanto Bank (H/O)
MUFG (
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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560 |
534 |
483 |
565 |
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Recur.
Profit |
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5 |
3 |
3 |
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Net
Profit |
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3 |
1 |
2 |
2 |
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Total
Assets |
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251 |
253 |
249 |
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Current
Assets |
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207 |
230 |
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Current
Liabs |
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117 |
103 |
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Net
Worth |
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47 |
46 |
44 |
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Capital,
Paid-Up |
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11 |
11 |
11 |
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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 |
4.87 |
10.56 |
-14.51 |
-14.26 |
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Current Ratio |
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.. |
176.92 |
223.30 |
.. |
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N.Worth Ratio |
.. |
18.73 |
18.18 |
17.67 |
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R.Profit/Sales |
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0.89 |
0.56 |
0.62 |
.. |
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N.Profit/Sales |
0.54 |
0.19 |
0.41 |
0.35 |
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Return On Equity |
.. |
2.13 |
4.35 |
4.55 |
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Notes: Forecast
(or estimated) figures for the 31/12/2011 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.51.44 |
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1 |
Rs.81.96 |
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Euro |
1 |
Rs.67.60 |
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 SCs 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.