MIRA INFORM REPORT
|
Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRIMA CORPORATION |
|
|
|
|
Registered Office : |
1596 Ohaha
Nishihara Nakagami-gun Okinawa-Pref 903-0103 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
January
1976 |
|
|
|
|
Com. Reg. No.: |
3600-01-004382
(Okinawa-Nakagamigun) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale,
retail of wines, liquor, beer |
|
|
|
|
No. of Employees
: |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Slow but Correct |
|
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) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
PRIMA CORPORATION
KK Prima
1596 Ohaha
Nishihara Nakagami-gun Okinawa-Pref 903-0103
Tel:
098-945-1111 Fax: 098-945-1113
URL: http://www.prima-okinawa.com
E-Mail address: (thru the URL)
Import,
wholesale, retail of wines, liquor, beer, other
13
direct-run stores (
HIROKO
HIGA, PRES Sadayoshi
Miyagi, mgn dir
Naoyuki
Higa, dir Sadako
Miyagi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES WEAK A/SALES Yen 3,399 M
PAYMENTS Slow
but Correct CAPITAL Yen 181 M
TREND SLOW WORTH Yen (-) 14 M
STARTED 1976 EMPLOYES 15
TRADING FIRM SPECIALIZING IN WINES, BEER, LIQUOR, OTHER.
FINANCIAL SITUATION CONSIDERED
WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$150,000 / O/A 60 DAYS
MAX
CREDIT LIMIT: NEGATIVE NET WORTH AND NO CREDITS RECOMMENDED.
The subject company was established by Hiroko Higa in order to make most
of her experience in the subject line of business. This is a trading firm for import, wholesale
and retail of wines, liquor, beer, sake, other.
Goods are imported widely from:
The sales volume for Dec/2011 fiscal term amounted to Yen 3,399 million,
a 22% down from Yen 4,346 million in the previous term. Operations continued in the red to post Yen
58 million net losses for the term, compared with Yen 8 million net losses a
year ago. High Yen hurt earnings &
profits in Yen terms.
For the current term ending Dec 2012 the operations are expected to come
back to profitability to post Yen 10 million, on a 3% rise in turnover, to Yen
3,500 million.
The financial situation is considered WEAK but should be good for
MODERATE business engagements. The
proposed amount is considered TOO HIGH from the recent financial status. No credits are recommended on new
transactions.
Date Registered: Jan 1976
Regd No.: 3600-01-004382 (Okinawa-Nakagamigun)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1.4 million shares
Issued: 362,000 shares
Sum: Yen 181 million
Major shareholders (%): Hiroko Higa (55), Naoyuki Higa
(16), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails wines, beer, liquor, sake, clothing & accessories,
operating 13 stores in
Clients: Restaurants,
snacks, consumers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in Okinawa-Pref
Suppliers: [Mfrs,
wholesalers] Imports from
Domestically supplied from: Nanto Shuhan, Kokusai Bussan, The Terrace
Hotels, Naha Shurui Hambai, other
Payment record: Slow but
Correct
Location: Business area in
Bank References:
Bank
of
Bank
of Ryukyus (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/03/2009 |
|
|
Annual
Sales |
|
3,500 |
3,399 |
4,346 |
45,714,466 |
|
Recur.
Profit |
|
|
-57 |
-10 |
|
|
Net
Profit |
|
10 |
-58 |
-8 |
-7 |
|
Total
Assets |
|
|
1,388 |
1,559 |
1,690 |
|
Current
Assets |
|
|
380 |
513 |
|
|
Current
Liabs |
|
|
755 |
874 |
|
|
Net
Worth |
|
|
-14 |
43 |
52 |
|
Capital,
Paid-Up |
|
|
181 |
181 |
181 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.97 |
-21.79 |
-99.99 |
.. |
|
|
Current Ratio |
|
.. |
50.33 |
58.70 |
.. |
|
N.Worth Ratio |
.. |
-1.01 |
2.76 |
3.08 |
|
|
R.Profit/Sales |
|
.. |
-1.68 |
-0.23 |
.. |
|
N.Profit/Sales |
0.29 |
-1.71 |
-0.18 |
0.00 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.