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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAISHO CO LTD |
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Registered Office : |
Auto Center Bldg 3F, 2-11-16 Kawarayamachi
Chuoku Osaka 542-0066 |
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|
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Country : |
Japan |
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|
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
March 1952 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of spinning machines &
components |
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|
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No. of Employees : |
3 |
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 3.7 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 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 |
DAISHO CO LTD
REGD NAME: Daisho
KK
MAIN OFFICE: Auto
Center Bldg 3F, 2-11-16 Kawarayamachi Chuoku Osaka 542-0066 JAPAN
Tel:
06-6768-1345 Fax: 06-6768-1349
URL: N/A
Export of spinning
machines & components
Nil
YOSHIHIKO
KAWAGUCHI, PRES
Yoshiko Kawaguchi,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 176 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 12 M
TREND SLOW WORTH Yen
21 M
STARTED 1952 EMPLOYES 3
EXPORTER OF SPINNING MACHINES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 3.7 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by
father of Yoshihiko Kawaguchi in order to make most of his experience in the
subject line of business. This is a
trading firm for exporting spinning machines & components. Exports to centrally Asian countries,
including Ethiopia and Egypt.
The sales volume for Feb/2011 fiscal
term amounted to Yen 176 million, a 14% down from Yen 205 million in the
previous term. Sales were affected
substantially by the global economic downturn, particularly in the first half
of the term. Export revenues were eroded
in Yen terms by the strong Yen. The
operations plunged into the red to register Yen 4 million recurring loss and
Yen 4 million net losses, respectively, compared with Yen 1 million recurring
profit and Yen 1 million net profit, respectively, a year ago.
For the current term ending Feb 2012
the operations are projected to come back to profitability to post Yen 1
million recurring profit and Yen 1 million net profit, respectively, on a 2%
rise in turnover, to Yen 180 million. High
Yen will eat into earnings & profits in Yen terms.
The financial situation is considered RTHER
WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 3.7
million, on 30 days normal terms.
Date Registered: Mar
1952
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 24,000 shares
Sum: Yen 12 million
Major
shareholders (%): Yoshihiko Kawaguchi (38), Setsu Nishikawa (20), Isamu Ido (9)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports spinning
machines and components (--100%)
Clients: [Mfrs,
wholesalers] Exports to Korea, Thailand, Pakistan, Bangladesh, Malaysia, Hong
Kong, India, Taiwan, Ethiopia, Egypt, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Synztec Co, Toyota Seiki Seisakusho, Shuttle Co, other.
Also imports from Indonesia, other.
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Ueroku)
Kinki Osaka Bank
(Tanimachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
|
|
Annual
Sales |
|
180 |
176 |
205 |
215 |
|
Recur.
Profit |
|
1 |
-4 |
1 |
-7 |
|
Net
Profit |
|
1 |
-4 |
1 |
-7 |
|
Total
Assets |
|
|
64 |
72 |
80 |
|
Current
Assets |
|
|
63 |
71 |
78 |
|
Current
Liabs |
|
|
21 |
26 |
30 |
|
Net
Worth |
|
|
21 |
25 |
25 |
|
Capital,
Paid-Up |
|
|
12 |
12 |
12 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.27 |
-14.15 |
-4.65 |
-42.05 |
|
|
Current Ratio |
|
.. |
300.00 |
273.08 |
260.00 |
|
N.Worth Ratio |
.. |
32.81 |
34.72 |
31.25 |
|
|
R.Profit/Sales |
|
0.56 |
-2.27 |
0.49 |
-3.26 |
|
N.Profit/Sales |
0.56 |
-2.27 |
0.49 |
-3.26 |
|
|
Return On Equity |
.. |
-19.05 |
4.00 |
-28.00 |
|
Notes: Forecast
(or estimated) figures for the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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.