MIRA INFORM REPORT

 

 

Report Date :

11.02.2012

 

IDENTIFICATION DETAILS

 

Name :

TECHNO WINGS CO LTD

 

 

Registered Office :

Shinei Nishifuna Bldg 401, 4-20-13 Nishifuna Funabashi Chiba-Pref 273-0031

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2011

 

 

Date of Incorporation :

June 2006

 

 

Com. Reg. No.:

(Chiba-Funabashi) 021940

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Technical consultant in areas of industrial waste water, acid waste disposal

 

 

No. of Employees :

3

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Company

Payment Behaviour :

Unknown

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 30, 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 and address

 

TECHNO WINGS CO LTD

REGD NAME:    KK Techno Wings

MAIN OFFICE:  Shinei Nishifuna Bldg 401, 4-20-13 Nishifuna Funabashi Chiba-Pref 273-0031

JAPAN

Tel: 047-436-1689      Fax: 047-436-1689

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Technical consultant in areas of industrial waste water, acid waste disposal

 

BRANCHES   

 

Nil

 

OVERSEAS   

 

Singapore (agent)

 

 

OFFICERS

 

HIROKI KONDO, PRES                                                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK           A/SALES          Yen 16 M

PAYMENTS                  UNKNOWN       CAPITAL           Yen 3 M

TREND             SLOW              WORTH            Yen 8 M

STARTED                     2006                 EMPLOYES      3

 

 

COMMENT    

 

TECHNICAL CONSULTANT IN AREAS OF WASTE WATER & ACID.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 0.3 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Hiroki Kondo in order to make most of his experience in the subject line of business.  This is a technical consultant in the areas of industrial waste water, waste acid disposal, other.  Engaged in plant maintenance works in Singapore.  Clients include engineering firms, manufacture, other.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The commission revenues for May/2011 fiscal term amounted to Yen 16 million, a similar amount in the previous tem.  The net profit was posted at Yen 1 million, similarly in the last term

 

For the current term ending Apr 2012 the net profit is projected at Yen 1 million, on a 6% rise in turnover, to Yen 17 million.  Works in Singapore will expand. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 0.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jun 2006

Regd No.:            (Chiba-Funabashi) 021940

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240 shares

Issued:                60 shares

Sum:                   Yen 3 million

Major shareholders (%): Ryoko Nakayama (60), Hiroki Kondo (30)

No. of shareholders: 5

 

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

 

 

 

 

 

 

OPERATION

           

Activities: Technical consultant in the areas of industrial waste water, acid waste disposal, other (--100%)

 

Clients: [Engineering firms, chemical mfrs] Daiichi Engineering, other of Chemical Mfrs, Chemical Engineering firms, other

No. of accounts: 50

Domestic areas of activities: Centered in Chiba-Pref

Suppliers: Construction firms, engineering firms, other

 

Payment record: Unknown

 

Location: Business area in Funabashi, Chiba-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Funabashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/05/2012

31/05/2011

31/05/2010

31/05/2009

Annual Sales

　

17

16

16

16

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

8

7

6

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

6.25

0.00

0.00

45.45

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

5.88

6.25

6.25

6.25

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/05/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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.