MIRA INFORM REPORT

 

 

Report Date :           

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MASUEI INDUSTRY TRADING LTD

 

 

Registered Office :

7-24-7-212 Nishikasai Edogawaku Tokyo 134-0088

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

April 1993

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of stainless steel products, industrial machinery

 

 

No. of Employees :

03

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 1.2 Million

Status :

Moderate

Payment Behaviour :

Slow

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

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

MASUEI INDUSTRY TRADING LTD

 

 

REGD NAME

 

Masuei Sangyo Boeki KK

 

 

MAIN OFFICE

 

7-24-7-212 Nishikasai Edogawaku Tokyo 134-0088 JAPAN

Tel: 03-5658-6035      Fax: 03-5658-6036

                                               

URL:                 N/A       

 

 

ACTIVITIES

 

Import, export, wholesale of stainless steel products, industrial machinery

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

YONEKI MINOTE, PRES

Takeshi Minote, dir                                                        

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        R/WEAK                       A/SALES          Yen 68 M

PAYMENTS      Slow              CAPITAL           Yen 3 M

TREND             SLOW              WORTH            Yen 28 M

STARTED         1993     EMPLOYES      3

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN STAINLESS STEEL PRODUCTS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

         

MAX CREDIT LIMIT: YEN 1.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Yoneki Minote in order to make most of his experience in the subject line of business.  This is a family-based trading firm, wholly owned and operated by the Minote family, for import, export and wholesale of stainless steel products, industrial machinery, other.  Goods are actively exported.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 68 million, a 28% down from Yen 95 million in the previous term.  Export revenues and profits were hurt by the Yen’s appreciation in Yen terms.  The operations continued in the red to post Yen 1 million net losses for the term, similarly in the previous term.

 

For the term that just ended Mar 2012 the net profit was projected at Yen 1 million, on a 3% rise in turnover, to Yen 70 million.  Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but good for MODERATE business engagements.  Max credit limit is estimated at Yen 1.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:           Apr 1993

Legal Status:   Limited Company (Kabushiki Kaisha)

Authorized:         240 shares

Issued:             60 shares

Sum:                   Yen 3 million

 

Major shareholders (%): Yoneki Minote (48), and families (--52)

 

No. of shareholders: 7

 

Nothing detrimental is known as to the commercial morality of executives.

 

OPERATION

           

Activities: Imports, exports and wholesales stainless steel products, industrial machinery, other (--100%)

 

Clients: [Mfrs, wholesalers] Winnington, Shun Hing Trading, S & W Industries, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Gokou Boeki, Otsuka-Kikai Co, other

 

Payment record: Slow

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Asahi Shinkin Bank (Higashikasai)

MUFG (Kasai)

Relations: Money deposits and transfers only

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

70

68

95

135

Recur. Profit

　

　

　

　

　

Net Profit

　

1

-1

-1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

28

29

30

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.94

-28.42

-29.63

-15.63

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.43

-1.47

-1.05

0.74

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.89

UK Pound

1

Rs.83.18

Euro

1

Rs.68.06

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.