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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ASKA CORPORATION |
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Registered Office : |
458-1 |
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Country : |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
August 1974 |
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Com. Reg. No.: |
1500-01-005530 (Nara-Yamatokoriyama) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of specialty valves |
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No. of Employees : |
34 |
RATING & COMMENTS
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MIRAs 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 42.8 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 |
ASKA CORPORATION
REGD NAME: Aska
Kogyo KK
MAIN OFFICE: 458-1
Minoshocho Yamatokoriyama City Nara-Pref 639-1103
Tel:
0743-54-6317 Fax: 0743-55-0128
E-Mail address: info@aska-corp.jp
Mfg of specialty
valves
At the caption
address
MICHIHARU TATSUMI,
PRES
Teruo Kitamura, ch
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen
1,107 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
32 M
TREND SLOW WORTH Yen
1,154 M
STARTED 1974 EMPLOYES 34
MFR OF SPECIALTY VALVES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 42.8 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Teruo Kitamura, now ch, in order to make most of his experience in the
subject line of business. This is a
specialized mfr of specialty valves. It
supplies large quantities of valves to petrochemical, synthetic fiber,
pharmaceutical, agricultural chemicals, and power & energy companies in
over 40 countries worldwide. Domestic
clients include chemical mfrs, engineering firms, other, nationwide.
The sales volume for Jul/2011 fiscal
term amounted to Yen 1,107 million, a 32% up from Yen 840 million in the
previous term. Market revived. Exports expanded. The recurring profit was posted at Yen 128
million and the net profit at yen 57 million, respectively, compared with Yen
102 million recurring profit and Yen 37 million net profit, respectively, a
year ago.
For the current term ending Jul 2012
the recurring profit is projected at Yen 130 million and the net profit at Yen
60 million, respectively, on an 8% rise in turnover, to Yen 1,200 million. Business is seen expanding steadily.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 42.8 million, on 30 days normal
terms.
Date Registered: Aug 1974
Regd No.:
1500-01-005530 (Nara-Yamatokoriyama)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 26,000 shares
Issued: 6,560 shares
Sum: Yen 32.8 million
Major shareholders (%): Aska Engineering
(30), Teruyo Kitamura (20)
No. of shareholders: 13
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
specialty valves (--100%)
(Mfg items): flush bottom tank valve (disc type),
piston valve, ram valve, ram-type drain valve, sampling valves, drain valves,
injection valves, other custom-made special valves & products (--100%)
Clients: [Mfrs,
wholesalers] Toray Ind, Teijin Engineering, Mitsui Petrochemical Ind, Hitachi
Ltd, Asahi Kasei Corp, Toyobo Corp, Mitsubishi Chemical, Toray Engineering,
other
Exports to over 40 countries worldwide
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Yamatake Corp, Sanyo Stainless Ind, Shinsei Chuzo, Sanwa Technos,
Rotork Japan, other
Payment record: No Complaints
Location: Business area in
Yamatokoriyama, Nara-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank (
SMBC (
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
|
1,200 |
1,107 |
840 |
1,005 |
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Recur.
Profit |
|
130 |
128 |
103 |
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Net
Profit |
|
60 |
57 |
37 |
64 |
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Total
Assets |
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1,886 |
1,731 |
1,736 |
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Current
Assets |
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1,445 |
1,328 |
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Current
Liabs |
|
|
224 |
223 |
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Net
Worth |
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1,154 |
1,099 |
1,210 |
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Capital,
Paid-Up |
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|
32 |
32 |
32 |
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Div.P.Share(₯) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
8.40 |
31.79 |
-16.42 |
-23.98 |
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Current Ratio |
|
.. |
645.09 |
595.52 |
.. |
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N.Worth Ratio |
.. |
61.19 |
63.49 |
69.70 |
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R.Profit/Sales |
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10.83 |
11.56 |
12.26 |
.. |
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N.Profit/Sales |
5.00 |
5.15 |
4.40 |
6.37 |
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Return On Equity |
.. |
4.94 |
3.37 |
5.29 |
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Notes: Forecast (or
estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
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|
1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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.