MIRA INFORM REPORT

 

 

Report Date :           

03.08.2012

 

IDENTIFICATION DETAILS

 

Name :

EIZEN INCORPORATION

 

 

Registered Office :

Hatchobori Bldg #703, 4-10-2 Hatchobori Chuoku Tokyo 104-0032

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

June, 1978

 

 

Com. Reg. No.:

0100-01-038945 (Tokyo-Chuoku)              

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Export of steel pipes, stainless steel products, special steel

 

 

No. of Employees :

3

 

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 :

Clear

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

EIZEN INCORPORATION

 

 

REGD NAME    

 

Eizen KK

 

 

MAIN OFFICE

 

Hatchobori Bldg #703, 4-10-2 Hatchobori Chuoku Tokyo 104-0032 JAPAN

Tel: 03-3553-8206      Fax: 03-3553-0846

 

URL:                 http://www.N/A

 

 

ACTIVITIES

 

Export of steel pipes, stainless steel products, special steel

 

 

BRANCHES

 

Yokohama

 

 

OFFICERS

 

MASAHIKO MASUDA, PRES

Kazuhiko Matsuda, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 762 M

PAYMENTS      SLOW BUT CORRECT   CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 77 M

STARTED         1978                             EMPLOYES      3

 

COMMENT

 

EXPORTER OF STEEL & STAINLESS STEEL PRODUCTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Masahiko Masuda in order to make most of his experience in the subject line of business.  This is a family-based trader specializing in exporting steel & stainless steel products.  Exporting countries are mainly S/E Asian countries.

 

 

FINANCIAL INFORMATION

           

The sales volume for Dec/2011 fiscal term amounted to Yen 762 million, a 4% down from Yen 790 million in the previous term.  High Yen eroded export revenues and profits in Yen terms.  The operations plunged into the red to post Yen 14 million recurring loss and Yen 14 million net losses for the term, coming from foreign exchange losses.  This compares with Yen 2 million recurring profit and Yen 12 million net profit, respectively, a year ago

 

For the current term ending Dec 2012 the recurring profit is projected at Yen 15 million and the net profit at Yen 15 million, respectively, on a 2% rise in turnover, to Yen 780 million.  

 

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

 

REGISTRATION

 

Date Registered:          Jun1978

Regd No.:                      0100-01-038945 (Tokyo-Chuoku)

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  800 shares

Issued:                         200 shares

Sum:                             Yen 10 million

Major shareholders (%): Masahiko Masuda (majority)

No. of shareholders:    5

 

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

 

 

OPERATION

           

Activities:                     Exports steel products, steel pipes, stainless steel, special steel, others (--100%)

 

Clients:                        [Mfrs, wholesalers] Exports to Malaysia, Bangladesh, Vietnam, Taiwan, Pakistan, other 

                                    No. of accounts: Unavailable

                                    Domestic areas of activities: Centered in greater-Tokyo

Suppliers:                    [Mfrs, wholesalers] Hoei Kinzoku Kogyo Co, Wako Steel, Osaka Steel, other

 

Payment record:          Slow but Correct

 

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

 

Bank References:

Resona Bank (Tokyo-Chuo)

Yachiyo Bank (Hatchobori)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

780

762

790

556

Recur. Profit

　

15

14

2

　

Net Profit

　

15

-14

2

16

Total Assets

　

　

193

211

197

Current Assets

　

　

99

117

　

Current Liabs

　

　

99

95

　

Net Worth

　

　

77

92

90

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.36

-3.54

42.09

-38.36

    Current Ratio

 

..

100.00

123.16

..

    N.Worth Ratio

..

39.90

43.60

45.69

    R.Profit/Sales

 

1.92

1.84

0.25

..

    N.Profit/Sales

1.92

-1.84

0.25

2.88

    Return On Equity

..

-18.18

2.17

17.78

 

Notes: Forecast (or estimated) figures for the 31/10/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.