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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SHOEI CO LTD |
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Registered Office : |
Shoei Bldg, 6-13-3 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
November 1964 |
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Com. Reg. No.: |
1200-01-007724 (Osaka-Fukushimaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of heat exchangers, temperature control system, refrigerators |
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No. of Employees : |
27 |
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 : |
Yen32.3 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 |
SHOEI CO LTD
REGD NAME: Shoei
KK
MAIN OFFICE: Shoei
Bldg, 6-13-3
Tel:
05-6458-4151 Fax: 06-6458-4176
URL: http//:www.shoei-sec.jp
E-mail: info@shoei-sec.jp
Import, wholesale
of heat exchangers, temperature control system, refrigerators
KATSUHISA
FURUKAWA, PRES
Noriyuki
Nishizawa, dir
Norihide
Higashino, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen
1,484 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
49 M
TREND UP WORTH Yen 445 M
STARTED 1964 EMPLOYES 27
TRADING FIRM
SPECIALIZING IN HEAT EXCHANGERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$25,000 / O/A 60 DAYS
MAX CREDIT LIMIT:
YEN32.3 MILLION, 30 DAYS
The subject company was established
by father of Katsuhisa Furukawa in order to make most of his experience in the
subject line of business. This is a
trading firm, owned and operated by the Furukawa family, for importing and
wholesaling oil heaters, refrigerating systems, temperature control system,
suction accumulator, other. Clients
include electric makers, other.
The sales volume for Jun/2011 fiscal
term amounted to Yen 1,454 million, an 18% up from Yen 1,255 million in the
previous term. Market revived. The recurring profit was posted at Yen 55
million and the net profit at Yen 35 million, respectively, compared with Yen
31 million recurring profit and Yen 13 million net profit, respectively, a year
ago. .
For the current term ending Jun 2012 the
recurring profit is projected at Yen 60 million and the net profit at Yen 40
million, respectively, on a 4% rise in turnover, to Yen 1,550 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 32.3
million, on 30 days normal terms. The
proposed amount for 60 days terms is considered well within the firms
financial capacities.
Date Registered: Nov
1964
Regd No.:
1200-01-007724 (Osaka-Fukushimaku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 396,000 shares
Issued: 99,000 shares
Sum: Yen 49.5 million
Major shareholders (%): Companys
Treasury Stock (38), Katsuhisa Furukawa (28), Employees S/Holding Assn (20),
Noriyuki Nishizawa (7)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales oil heaters, temperature control systems, refrigerating systems,
suction accumulators, heat exchangers, other (--100%).
(Handling
items): thermostats, freezer & refrigerator units. Chillers, plate heat
exchangers, commercial kitchen appliances, industrial heaters, pneummac
appliances, piping appliances, water cleaning chemicals, water treatment
chemicals, other.
Clients: [Mfrs,
wholesalers] CKD, Mitsubishi Electric Building Techno Service, Aisin Seiki Co,
Ebara Service, Hoshizaki Electric Co, Daiwa Industries Ltd, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] EGO Japan, Panasonic Electric, Mitsubishi Gas Chemical, Style
Electronics Corp, other
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Resona Bank
(Umeda-Kitaguchi)
MUFG (Dojima)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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1,550 |
1,484 |
1,255 |
1,446 |
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Recur.
Profit |
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60 |
55 |
31 |
10 |
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Net
Profit |
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40 |
35 |
13 |
5 |
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Total
Assets |
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1,346 |
1,326 |
1,308 |
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Current
Assets |
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1,070 |
1,036 |
1,004 |
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Current
Liabs |
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524 |
473 |
453 |
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Net
Worth |
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445 |
413 |
503 |
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Capital,
Paid-Up |
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49 |
49 |
49 |
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Div.P.Share(₯) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.45 |
18.25 |
-13.21 |
-12.04 |
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Current Ratio |
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.. |
204.20 |
219.03 |
221.63 |
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N.Worth Ratio |
.. |
33.06 |
31.15 |
38.46 |
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R.Profit/Sales |
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3.87 |
3.71 |
2.47 |
0.69 |
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N.Profit/Sales |
2.58 |
2.36 |
1.04 |
0.35 |
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Return On Equity |
.. |
7.87 |
3.15 |
0.99 |
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Notes: Forecast
(or estimated) figures for the 30/06/2012 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.51.89 |
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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.