MIRA INFORM REPORT
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Report Date : |
25.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SHINOHARA SHOTEN, KK |
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Registered Office : |
5-13-2 Shimoshakujii Nerimaku Tokyo
177-0042 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
December 1980 |
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Com. Reg. No.: |
0116-01-003085
(Tokyo-Nerimaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer precut timber,
wood building materials, wood panels, other |
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No. of Employees
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120 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 129.6 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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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 |
SHINOHARA SHOTEN, KK
KK Shinohara
Shoten
5-13-2
Shimoshakujii Nerimaku Tokyo 177-0042 JAPAN
Tel:
03-3995-7288 Fax: 03-3995-4588
URL: http://www.shinoharashoten.com
(changed from the given address)
E-Mail address: info@shinoharashoten.com
Mfg of
precut timber, wood building materials, wood panels, other
Nil
Honjo
(2)
KATSUO
SHINOHARA, PRES
Takahiro
Matsuda, dir
Yuichiro
Shinohara, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 6,993 M
PAYMENTS No Complaints CAPITAL Yen
97 M
TREND UP WORTH Yen 748 M
STARTED 1980 EMPLOYES 120
MFR OF PRECUT TIMBER, BUILDING MATERIALS, WOOD PANELS, ETC.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 129.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Katsuo Shinohara in order to make most of his experience in the subject line of business. Specializes in mfg & processing precut timber, wood building materials, wood panels, other. Material woods are imported. Clients include house builders, construction firms, other.
Financial are only partially disclosed.
The sales volume for Sept/2011 fiscal term amounted to Yen 6,993 million, a 24% up from Yen 5,656 million in the previous term. Demand for building materials rose abruptly after the Great North Japan Earthquake that occurred 11/03/2011. The net profit was posted at Yen 48 million, compared with Yen 21 million a year ago.
For the current term ending Sept 2012 the net profit is projected at Yen 50 million, on a 6% rise in turnover, to Yen 7,400 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 129.6 million, on 30 days normal terms.
Date Registered: Dec 1980
Regd No.: 0116-01-003085 (Tokyo-Nerimaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
776,000 shares
Issued:
194,000 shares
Sum: Yen 97 million
Major shareholders (%): Katsuo Shinohara (55.5),
Yuichiro Shinohara (13.3), Employees’ S/Holding Assn (13.0), Toako Shinohara
(13.0), Aki Shinohara (5.1)
No. of shareholders: 17
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures and processes precut timber, wood building materials, wood panels, others (--100%)
Clients: [House builders, construction firms] Eyeful Home Technology, Next Co, Yoshisada Co, Benichu Co, Motohashi Koumuten, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sojitz Building Materials, Itochu Building Materials, Next
Co, SFE Building Materials (China), Sumitomo & Mitsuibussan Kenzai, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Tokyo
Tomin Bank (Kamishakujii)
SMBC
(Nerima)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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7,400 |
6,993 |
5,656 |
5,049 |
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Recur.
Profit |
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Net
Profit |
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50 |
48 |
31 |
25 |
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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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748 |
715 |
694 |
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Capital,
Paid-Up |
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97 |
97 |
97 |
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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 |
5.82 |
23.64 |
12.02 |
-5.38 |
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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 |
0.68 |
0.69 |
0.55 |
0.50 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2012 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.49.07 |
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UK Pound |
1 |
Rs.77.19 |
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Euro |
1 |
Rs.65.57 |
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.