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Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
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Name : |
WING CO LTD |
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Registered Office : |
Jimbocho Place Bldg 4F, 3-2-3 Kanda-Jimbocho Chiyodaku Tokyo
100-0003 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
November
1987 |
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Com. Reg. No.: |
0106-01-000541 (Tokyo-Kotoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of 2x4 building kits, plywood |
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No. of Employees : |
106 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
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 |
WING CO LTD
Wing KK
Jimbocho Place
Bldg 4F, 3-2-3 Kanda-Jimbocho Chiyodaku Tokyo 100-0003, JAPAN
Tel:
03-6327-2424
*.. Moved to the
caption address in May 2012 from the former as given
*.. Registered at:
2-5-18 Toyocho Kotoku Tokyo
*.. The given phone number is of its Chiba
Factory
E-Mail address: (thru the URL)
Import,
wholesale of 2x4 building kits, plywood
Fukuoka, Miyagi, Yokohama, Nagoya
Shirai
(Chiba), Miyagi
HIROSHI
YOSHII, PRES Hideo Hayama, ch
Minoru
Watanabe, s/mgn dir Toshiyuki
Kurata, s/mgn dir
Keizo
Oshima, dir Hideji
Horimoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 14,331 M
PAYMENTS Slow
CAPITAL Yen 80 M
TREND UP WORTH Yen 469 M
STARTED 1987 EMPLOYES 106
TRADING FIRM SPECIALIZING IN 2X4 HOUSING KITS & PLYWOOD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS, BUT DOUBTFUL FOR CREDIT ENGAGEMENTS:
CD#1,165,480.00.
The subject company was established by Hideo Hayama in order to make most of his experience in the subject line of business. This is a trading firm, with mfg/processing division, for import and wholesale of 2x4 housing kits & plywood. Goods are imported from Canada. Clients include major construction firms, house builders, other, nationwide
The sales volume for May/2011 fiscal term amounted to Yen 14,331 million, a 9% up from Yen 12,206 million in the previous term. This is attributed to special orders received from Earthquake stricken region in the northern Japan. The recurring profit was posted at Yen 21 million and the net profit at Yen 4 million, respectively, compared with Yen 83 million recurring profit and Yen 32 million net profit, respectively, a year ago.
For the term that ended May 2012 the recurring profit was projected at Yen 25 million and the net profit at Yen 5 million, respectively, on a 3% rise in turnover, to Yen 13,750 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. The proposed amount, however, is considered TOO HIGH from the recent financial status.
Date Registered: Nov 1987
Regd No.: 0106-01-000541 (Tokyo-Kotoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6,400 shares
Issued:
1,600 shares
Sum: Yen 80 million
Major shareholders (%): Hideo Hayama (50), Hiroshi Yoshii
(29), GTS (13), Toshiyuki Kurata (8)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales 2x4 housing kits, plywood, other building materials (--100%). Goods are processed at its own yard.
Clients: [Mfrs, wholesalers] Tokyu Homes, Sumitomo Real Estate, Seibu Construction, Sotetsu Homes, Sumitomo Forestry, Tokyu Construction, Taisei Corp, Odakyu Housing, Kinoshita Komuten, Nishinippon Railways, other
No. of accounts: 500
Domestic areas of activities: nationwide
Suppliers: [Mfrs, wholesalers] Canfor Corp, Interex Forest products, FonfTimber Inc (--Canada), Marubeni Construction, Sojitz Building Materials, Sumitomo Forestry, other
Payment record: Slow
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Funabashi)
SMBC
(Funabashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
|
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Annual
Sales |
|
13,750 |
13,331 |
12,206 |
11,975 |
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Recur.
Profit |
|
25 |
21 |
83 |
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Net
Profit |
|
5 |
4 |
32 |
-53 |
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Total
Assets |
|
|
7,252 |
6,953 |
7,506 |
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Current
Assets |
|
|
5,156 |
4,752 |
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Current
Liabs |
|
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5,118 |
4,417 |
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Net
Worth |
|
|
469 |
464 |
431 |
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Capital,
Paid-Up |
|
|
80 |
80 |
80 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.14 |
9.22 |
1.93 |
-3.04 |
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Current Ratio |
|
.. |
100.74 |
107.58 |
.. |
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N.Worth Ratio |
.. |
6.47 |
6.67 |
5.74 |
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R.Profit/Sales |
|
0.18 |
0.16 |
0.68 |
.. |
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N.Profit/Sales |
0.04 |
0.03 |
0.26 |
-0.44 |
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Return On Equity |
.. |
0.85 |
6.90 |
-12.30 |
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Notes:
Forecast (or estimated) figures for the 31/05/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
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 |
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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 |
|
<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.