MIRA INFORM REPORT

 

 

Report Date :

21.02.2012

 

IDENTIFICATION DETAILS

 

Name :

TORII TRADING LTD

 

 

Registered Office :

98 Araiso Minamiku Sagamihara Kanagawa-Pref 252-0325

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

August 1988

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, export, wholesale of reel flanges

 

 

No. of Employees :

2

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 2.7 Million

Status :

Small Company

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

 

TORII TRADING LTD

REGD NAME:    Torii Shoji YK

MAIN OFFICE:  98 Araiso Minamiku Sagamihara Kanagawa-Pref 252-0325 JAPAN

Tel: 042-778-4649      Fax: 042-778-4649

                                               

URL:                 N/A

E-Mail address: nigita@japan.email.ne.jp

 

 

ACTIVITIES  

 

Import, export, wholesale of reel flanges

 

BRANCHES   

 

Nil

 

OVERSEAS   

 

Vietnam

 

FACTORIES  

 

Vietnam (subcontracted)

 

 

OFFICERS

 

KOJI NIGITA, PRES                                                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 155 M

PAYMENTS                  NO COMPLAINTS          CAPITAL           Yen 3 M

TREND             UP                                WORTH            Yen 35 M

STARTED                     1988                             EMPLOYES      2

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN REEL FLANGES.

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

                       

MAX CREDIT LIMIT: YEN 2.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Koji Nigita in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import, export and wholesale of reel flanges.  Products are subcontracted mfg in Vietnam and imported.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The sales volume for Jul/2011 fiscal term amounted to Yen 155 million, a 12% up from Yen 138 million in the previous term.  Imports increased.  Demand rose.  The net profit was posted at Yen 2 million, compared with Yen 8 million a year ago.  High Yen ate into profits in Yen terms.

 

            For the current term ending Jul 2012 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 160 million. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 2.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 1988

Legal Status:      Private Limited Company (Yugen Kaisha)

Regd Capital:      Yen 3 million

Major shareholders (%): Koji Nigita (100)

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports, exports and wholesales reel flanges, other related (--100%)

Products are subcontracted mfg in Vietnam.

 

Clients: [Mfrs, wholesalers] Fuji Electric Wire Co, Taiki Industry Co, Suzuki Mokkan Co, other

No. of accounts: 100

Domestic areas of activities: Centered in Kanagawa-Pref

Suppliers: [Mfrs, wholesalers] Imports from subcontracted factories in Vietnam.

Domestically supplied from: Suruga Sangyo Co, Toyo Lumber Co, other

 

Payment record: No Complaints

 

Location: Business area in Sagamihara City, Kanagawa-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

 

Bank of Yokohama (Sagamidai)

MUFG (Atsugi)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/07/2012

31/07/2011

31/07/2010

31/07/2009

Annual Sales

　

160

155

138

127

Recur. Profit

　

　

　

　

　

Net Profit

　

2

2

8

4

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

45

43

35

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.23

12.32

8.66

-25.29

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.25

1.29

5.80

3.15

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

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 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.