MIRA
INFORM REPORT
|
Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ELIZE INCORPORATED |
|
|
|
|
Registered Office : |
Dai-San Ashike Bldg, 1-14-29 Shimanouchi Chuoku Osaka 542-0082 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2011 |
|
|
|
|
Year of Establishment : |
September 1962 |
|
|
|
|
Com. Reg. No.: |
(Osaka-Chuoku) 075959 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Export of industrial sewing machines, their parts & components |
|
|
|
|
No. of Employees : |
23 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 17.4 Million |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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
ELIZE INCORPORATED
REGD NAME: Elize
KK
MAIN OFFICE: Dai-San
Ashike Bldg, 1-14-29 Shimanouchi Chuoku Osaka 542-0082 JAPAN
Tel:
06-6252-7400 Fax: 06-6251-6365
E-Mail address: mail@elize.co.jp
ACTIVITIES
Export of
industrial sewing machines, their parts & components
BRANCHES
(Overseas)
Shanghai (2), Bangalore, Singapore, Los Angeles
OFFICERS
FUJIO MINAMINO,
PRES Jun Kawashima, dir
Ryoko Kawashima,
dir Takanobu Iyasono, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,652 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 25 M
TREND SLOW WORTH Yen
116 M
STARTED 1962 EMPLOYES 23
COMMENT
EXPORTER SPECIALIZING IN INDUSTRIAL SEWING MACHINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENS.
MAX CREDIT LIMIT:
YEN 17.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by
Masaru Kawashima for exporting industrial & home-use sewing machines and
parts, as Elize Mercantile KK. Renamed
as captioned in Apr 1964. In Oct 1964,
granted agency agreement from Mitsubishi Electric Corp for exporting its
products of industrial sewing machines & clutch motors, followed by exclusive agreement for exporting
industrial sewing machines spare parts & components. In Oct 2003, obtained ISO 9001/2000
certification. This is a trading firm
for exporting as a mainline industrial sewing machines, their parts &
components. Exports to Asia, USA,
Europe, Africa, Mid East, Oceania, other.
Goods are partially imported.
FINANCIAL INFORMATION
The sales volume for Jul/2011 fiscal
term amounted to Yen 1,652 million, a 12% up from Yen 1,475 million in the
previous term. Exports were brisk,
particularly into China. The recurring
profit was posted at Yen 19 million and the net profit at Yen 23 million,
respectively, compared with Yen 42 million and the net profit at Yen 37
million, respectively, a year ago.
For the current term ending Jul 2012 the
recurring profit is projected at Yen 45 million and the net profit at Yen 35
million, respectively, on a 6% rise in turnover, to Yen 1,750 million. Exports continue robust into China,
other. Higher Yen may erode profits in
Yen terms.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 17.4 million, on 30 days normal
terms.
REGISTRATION
Date Registered:
Sept 1962
Regd No.: (Osaka-Chuoku) 075959
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 200,000 shares
Issued:
50,000 shares
Sum: Yen 25 million
Major
shareholders (%): Fujio Minamino (38), Ryoko Kawashima (22), Jun Kawashi-ma (13), Mitsubishi
Electric Corp (10)
No. of
shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports industrial sewing machines, their
parts & components (--100%):
Handling
items: Industrial sewing machines, embroidery machines, equipment for
embroidery (embroidery thread, ultrasonic cutting machines, water soluble
films, cutting machines, fusing press machines, needle detectors, strip-cutting
machines, tape cutting machines, ultra-sonic spot removing guns, leather
production equipment, various genuine spare parts, attachments, erasable pens,
others.
Clients: [Mfrs, wholesalers] Exports to China,
India, other Asia, USA, Europe, Mid East, Africa, Oceania, Latin America,
other.
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] For exports supplied
from Mitsubishi Electric Corp,
Hashima Co, Meiryo
Technica Corp, Yamato Sewing Machine Mfg, Hirose Mfg Co, Nitto Boseki Co, Okamoto Koki, Sabun Industrial
Co, Suzutami Precision Ind, Suprena Inc, other.
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Semba)
MUFG
(Shinsaibashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
|
|
Annual
Sales |
|
1,750 |
1,652 |
1,475 |
1,229 |
|
Recur.
Profit |
|
45 |
19 |
42 |
|
|
Net
Profit |
|
35 |
23 |
37 |
-65 |
|
Total
Assets |
|
|
831 |
726 |
666 |
|
Current
Assets |
|
|
710 |
614 |
|
|
Current
Liabs |
|
|
529 |
523 |
|
|
Net
Worth |
|
|
116 |
93 |
56 |
|
Capital,
Paid-Up |
|
|
25 |
25 |
25 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.93 |
12.00 |
20.02 |
-39.28 |
|
|
Current Ratio |
|
.. |
134.22 |
117.40 |
.. |
|
N.Worth Ratio |
.. |
13.96 |
12.81 |
8.41 |
|
|
R.Profit/Sales |
|
2.57 |
1.15 |
2.85 |
.. |
|
N.Profit/Sales |
2.00 |
1.39 |
2.51 |
-5.29 |
|
|
Return On Equity |
.. |
19.83 |
39.78 |
-116.07 |
|
Notes: Forecast (or
estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
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 SCs 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.