MIRA INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MIDORI TRADING COMPANY |
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Registered Office : |
Nagahori Yachiyo Bldg 9F, 1-11-9 Minamisemba Chuoku Osaka 52-0081 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
May 2002 |
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Com. Reg. No.: |
(Osaka-Chuoku) 028513 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, export, wholesale of nonferrous metal products |
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No. of Employees
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03 |
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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Maximum Credit Limit : |
Yen 14.3 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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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 |
Company name
MIDORI TRADING COMPANY
REGD NAME
YK Midori Boeki
MAIN OFFICE
Nagahori Yachiyo
Bldg 9F, 1-11-9 Minamisemba Chuoku Osaka 52-0081 JAPAN
Tel:
06-6260-5021 Fax: 06-6260-5022
URL: N/A
ACTIVITIES
Import,
export, wholesale of nonferrous metal products
BRANCHES
Nil
OFFICERS
YOSHIFUMI
NAGAI, PRES
Keiko
Nagai, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 326 M
PAYMENTS No Complaints CAPITAL Yen
10 M
TREND SLOW WORTH Yen
25 M
STARTED 2002 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN NONFERROUS METAL PRODUCTS.
FINANCIAL SITUATION CONSIDERED RATHE WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 14.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshifumi Nagai in order to make most of his experience in the subject line of business. This is a family-based trading firm specializing for import, export and wholesale of nonferrous metal products: coils, wires, gaskets, other. Goods are imported from India, China, Taiwan, other.
FINANCIAL INFORMATION
Financial are only partially disclosed as is the case with
family-based companies
The sales volume for Apr/2011 fiscal term amounted to Yen 326 million, a 30% up from Yen 250 million in the previous term. Business returned to the normal levels after having been substantially affected by the global economic downturn in the previous term. Imports/exports revived. The operations, however, dipped into the deficit to register Yen 1 million recurring loss and Yen 1 million net losses, respectively, compared with Yen 1 million recurring profit and Yen 1 million net profit, respectively, a year ago. High Yen ate into earnings & profits in Yen terms.
For the current term ending Apr 2012 the recurring profit is projected at Yen 2 million and the net profit at Yen 2 million, respectively, on a 4% rise in turnover, to Yen 340 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 14.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 2002
Regd No.: (Osaka-Chuoku) 028513
Legal Status:
Private Limited Company (Yugen Kaisha)
Regd Capital: Yen
10 million
Major shareholders (%):
Yoshifumi Nagai (90), Keiko Nagai (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales nonferrous metal products: copper coils, copper wires, copper tubes, metal gaskets, brass pipes, valves (--50%), oil seals (30%), others (20%)
Clients: [Mfrs, wholesalers] Wipro Ltd, Kamla Dials, Crompton Greaves Ind, Needle Ind, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Mitsui Sumitomo Metal Mining Brass & Copper Co, Mitsubishi Shindoh Co, Furukawa Electric Co, Nippon Seisen Co, other
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Tokushima
Bank (Osaka)
Bank
of India (Osaka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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340 |
326 |
250 |
257 |
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Recur.
Profit |
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2 |
-1 |
1 |
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Net
Profit |
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2 |
-1 |
1 |
-4 |
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Total
Assets |
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45 |
61 |
56 |
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Current
Assets |
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44 |
59 |
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Current
Liabs |
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20 |
3 |
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Net
Worth |
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25 |
25 |
23 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.29 |
30.40 |
-2.72 |
-34.27 |
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Current Ratio |
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.. |
220.00 |
1,966.67 |
.. |
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N.Worth Ratio |
.. |
55.56 |
40.98 |
41.07 |
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R.Profit/Sales |
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0.59 |
-0.31 |
0.40 |
.. |
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N.Profit/Sales |
0.59 |
-0.31 |
0.40 |
-1.56 |
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Return On Equity |
.. |
-4.00 |
4.00 |
-17.39 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.53 |
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UK Pound |
1 |
Rs.77.95 |
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Euro |
1 |
Rs.64.66 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.