MIRA INFORM REPORT

 

Your Ref. No.:         

Anwar

 

Report No. :

190892

Report Date :

18.08.2012

 

INQUIRY DETAILS

 

Given Name :

Sunfill Corporation

 

 

Given Address :

10-40 Soudenhigashimachi Gifu City 502-0843, Japan

 

 

Tel. No.:

+81 58 295 8813

Fax No.:

+81 58 295 8814

 

IDENTIFICATION DETAILS

 

Name :

SUNFILL CORPORATION

 

 

Registered Office :

10-40 Souden-Nishimachi Gifu City 502-0843

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2012

 

 

Date of Incorporation :

July 1975

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Export of used machine tools, hand tools, working tools

 

 

No. of Employees :

03 employees

 

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 Company 

Payment Behaviour :

Slow

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

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

SUNFILL CORPORATION

 

 

REGD NAME

 

KK Sunfill

 

 

MAIN OFFICE

 

10-40 Souden-Nishimachi Gifu City 502-0843 JAPAN

Tel: 058-295-8813     Fax: 058-295-8814

                       

URL:                             http://www.sunfillcorp.com

E-Mail Address:            info@sunfillcorp.com

 

 

ACTIVITIES

 

Export of used machine tools, hand tools, working tools

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

TOSHIHIKO TAGAKI, PRES

Fusako Tagaki, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 169 M

PAYMENTS      Slow              CAPITAL           Yen 10 M

TREND             UP                    WORTH            Yen 71 M

STARTED         1975                 EMPLOYES      3

 

COMMENT

 

EXPORTER SPECIALIZING IN HAND TOOLS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

           

HIGHLIGHTS

           

The subject company was established by Toshihiko Tagaki in order to make most of his ex-patience in the subject line of business.  This is a family-based trading firm for exporting used (second-hand) machine tools to: USA, Europe, Korea, India, Thailand, Iran, other.  Exports account for 45% of total sales.   

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Apr/2011 fiscal term amounted to Yen 169 million, a 57% up from Yen 107 million in the previous term.  The net profit was posted at Yen 10 million, compared with Yen 5 million net profit a year ago.

 

For the term that ended Apr 2012 the net profit was projected at Yen 11 million, on a 4% rise in turnover, to Yen 175 million.  Final results are yet to be disclosed.

 

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

 

 

REGISTRATION

 

Date Registered:  Jul 1975

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

Major shareholders (%): Toshihiko Tagaki and families (--100)

No. of shareholders:  3

 

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

 

 

OPERATION

 

Activities: Exports used (second-hand) working tools, machine tools, other (--100%) (Exports 45%)

 

Clients: [Mfrs, wholesalers] Exports to USA, Europe, India, Korea, Thailand, Iran, other.

No. of accounts: Unavailable

Domestic areas of activities: Centered in Gifu-Pref.

 

Suppliers: [Mfrs, wholesalers] Supplied from domestic machine tools mfrs, wholesalers, etc.

 

Payment record: Slow

 

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

 

Bank References:

Jyuroku Bank (Nagara)

Gifu Shinkin Bank (Masagocho)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

　

　

30/04/2012

30/04/2011

30/04/2010

30/04/2009

Annual Sales

　

175

169

107

216

Recur. Profit

　

　

　

　

　

Net Profit

　

11

10

5

3

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

71

61

56

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.55

57.94

-50.46

-1.82

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

6.29

5.92

4.67

1.39

Note: Financials are only partially disclosed.

Forecast (or estimated) for the 30/04/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

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.