MIRA INFORM REPORT

 

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Name :

WILL CORPORATION

 

 

Registered Office :

2-9-11 Komone Itabashiku Tokyo

 

 

Country :

Japan

 

 

Financials (as on) :

31.01.2012

 

 

Date of Incorporation :

April  2000

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of printers, packaging equipment

 

 

No. of Employees :

08

 

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 :

Small Concern

Payment Behaviour :

Regular

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

 

WILL CORPORATION

 

 

REGD NAME

 

KK Will

 

 

MAIN OFFICE

 

17-5 Miyoshidai Miyoshicho Irumagun Saitama-Pref 354-0042 JAPAN

Tel: 049-277-8940      Fax: 049-277-8941

 

*.. Registered at: 2-9-11 Komone Itabashiku Tokyo

                                               

URL:                 http://www.will-j.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, export, wholesale of printers, packaging equipment

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

TAKEO IIDA, PRES

Kazuo Yamada, mgn dir                                                

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 332 M

PAYMENTS      REGULAR         CAPITAL           Yen 15 M

TREND UP                    WORTH            Yen 41 M

STARTED         2000                 EMPLOYES      8

 

 

COMMENT

 

TRADING FIRM SPECIALIIZNG IN PRINTERS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

                       

HIGHLIGHTS

           

The subject company was established by Takeo Iida in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import, export and wholesale of printers & peripherals: thermal printers, ink-jet printers, inks, ribbons, other.  Exports are active.  Supplied from major printer makers for export.

 

 

 

FINANCIAL INFORMATION

           

The sales volume for Jan/2011 fiscal term amounted to Yen 332 million, a 13% up from Yen 293 million in the previous term.  The recurring profit was posted at Yen 4 million and the net profit at Yen 3 million, respectively, compared with Yen 2 million recurring profit and Yen 2 million net profit, respectively, a year ago.

 

For the term that ended Jan 2012 the recurring profit was projected at Yen 5 million and the net profit at Yen 4 million, respectively, on a 5% rise in turnover, to Yen 350 million.  Final results are yet to be released. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 


REGISTRATION

 

Date Registered:  Apr 2000

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,200 shares

Issued:                300 shares

Sum:                   Yen 15 million

Major shareholders (%): Takeo Iida (52), Kazuo Yamada (41), Kohei Tomita (7)

No. of shareholders: 3

 

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales printers & supplies: thermal printers, ink-jet printers, inks, ribbons, packaging equipment, other (--100%)

 

Clients: [Mfrs, wholesalers] SK Soap Mfg Co, Oriental Yeast Co, Tanaka Foods Co, Sonton Foods Inc, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] EPS Corp, ARE Inc, Seiko Precision Inc, Ricoh Corp, other

 

Payment record: Regular

 

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

 

Bank References:

Musashino Bank (Asaka)

MUFG (Niiza-Shiki)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/01/2012

31/01/2011

31/01/2010

31/01/2009

Annual Sales

　

350

332

293

347

Recur. Profit

　

5

4

2

　

Net Profit

　

4

3

2

2

Total Assets

　

　

151

182

147

Current Assets

　

　

131

158

　

Current Liabs

　

　

33

38

　

Net Worth

　

　

41

37

35

Capital, Paid-Up

　

　

15

15

15

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.42

13.31

-15.56

-3.61

    Current Ratio

 

..

396.97

415.79

..

    N.Worth Ratio

..

27.15

20.33

23.81

    R.Profit/Sales

 

1.43

1.20

0.68

..

    N.Profit/Sales

1.14

0.90

0.68

0.58

    Return On Equity

..

7.32

5.41

5.71

 

Notes: Forecast (or estimated) figures for the 31/01/2012 fiscal term.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.