MIRA INFORM REPORT
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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
KOWA INTERNATIONAL CO LTD |
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Registered Office : |
Onarimon Yusen Bldg 12F, 3-23-5 Nishi-Shimbashi Minatoku Tokyo 105-0003 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
July
2003 |
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Com. Reg. No.: |
0108-01-013935
(Tokyo-Ohtaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Print
media production, heat-insulation coating sheet |
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No. of Employees
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20 |
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 4.5 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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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 |
KOWA INTERNATIONAL CO LTD
KK Kowa
International
Onarimon Yusen
Bldg 12F, 3-23-5 Nishi-Shimbashi Minatoku Tokyo 105-0003, JAPAN
Tel:
03-5777-4478 Fax: 03-5777-4475
:*.. Registered at: 1-23-17-803 Higashi-Magome Ohtaku Tokyo
E-Mail address: info@kowacorp.jp
Print
media production, heat-insulation coating sheet
Nil
China
China
(subcontracted)
KAZUNORI
HOSOGAI, PRES
Kimiko
Hosogai, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 240 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND UP WORTH Yen 31 M
STARTED 2003 EMPLOYES 20
TRADING FIRM SPECIALIZING IN PRINT MEDIA PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 4.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Kazunori Hosogai in order to make
most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of print media products, such as Kowa writing sheet, Kowa shell
sheet, heat-insulation coating materials, other. Goods are imported from subcontracted makers
in China. Kowa shell sheet of Media
service was selected in 2009 as the government-sanctioned model company by
Ministry of Economy, Trade and Industry.
Also offers system development and health foods.
Financial are only partially disclosed.
The sales volume for Apr/2011 fiscal term amounted to Yen 240 million, a
10% up from Yen 218 million in the previous term. Demand for print media products increased fro
media industries. The net profit was
posted at Yen 1 million, similarly in the previous term.
For the current term ending Apr 2012 the net profit is projected at Yen
2 million, on a 6% rise in turnover, to Yen 250 million. Demand continues rising.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 4.5 million, on 30 days normal terms.
Date Registered: July 2003
Regd No.: 0108-01-013935
(Tokyo-Ohtaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20 million
Major shareholders (%): Kazunori Hosogai & families
(--100)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import and wholesale of: print media products (Kowa writing sheet, Kowa shell sheet)
(50%), system development, software (30%), heat-insulation coating materials
(15%), health foods (5%).
Clients: [Mfrs,
wholesalers] Itochu Plastics, Epson Sales, Sailor Pen Co, Mizuho Information
& Research Institute Inc, Wakita Corp, Miroku Jyoho Service Co, Mitsui
Kanko Kaihatsu Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] NOPAR, Miroku Jyoho Service Co, Hyper Inc, Daito Chemical Co,
Nisshin Sangyo, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
· Mizuho Bank (Kamiyacho)
· Sawayaka Shinkin Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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250 |
240 |
218 |
150 |
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Recur.
Profit |
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Net
Profit |
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2 |
1 |
1 |
3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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31 |
30 |
29 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
4.17 |
10.09 |
45.33 |
76.47 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.80 |
0.42 |
0.46 |
2.00 |
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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.49.08 |
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UK Pound |
1 |
Rs.77.79 |
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Euro |
1 |
Rs.65.17 |
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.