MIRA INFORM REPORT

 

 

Report Date :           

28.02.2012

 

IDENTIFICATION DETAILS

 

Name :

HELD CO LTD

 

 

Registered Office :

155-1 Umedo Kawanishicho Shikigun Nara-Pref 636-0203

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 1990

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of ski boots, ski shoes

 

 

No. of Employees :

05

 

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 2.4 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 30th, 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

 

HELD CO LTD

 

 

REGD NAME

 

Heruto KK (Pronounced as such In Japanese)

 

 

MAIN OFFICE

 

155-1 Umedo Kawanishicho Shikigun Nara-Pref 636-0203 JAPAN

Tel: 0745-44-1008      Fax: 0745-44-0143

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Mfg of ski boots, ski shoes

 

 

BRANCHES

 

Nil

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

NAOKI KAWAMURA, PRES

Shizuo Kawamura, rep dir

Yasuko Kawamura, dir                                                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 141 M

PAYMENTS                  No Complaints          CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 54 M

STARTED                     1990                             EMPLOYES      5

 

 

COMMENT    

 

MFR OF SKI BOOTS.

 

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

                       

MAX CREDIT LIMIT: YEN 2.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Shizuo Kawamura in order to make most of his experience in the subject line of business.  Naoki is his son.  This is a specialized mfr of ski boots, one of the few makers in Japan.  Goods are shipped to sports shops, athletic clubs, other.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 141 million, a 15% up from Yen 123 million in the previous term.  The net profit was posted at Yen 5 million, compared with Yen 3 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 145 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 2.4 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 1990

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:              200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Shizuo Kawamura (60) and families

 

No. of shareholders: 7

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures ski boots, ski shoes, other (--100%)

 

Clients: [Sports goods stores, athletic clubs, wholesalers] Takeda Sports Co, Asics Hokkaido Hambai, Mega Sports, Miyako Sports, Kraeb Co, Xebio Co, Sports Club (training center), other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Amtek Hostampl, Yoshimoto Trading Co, Wada Molds Ind, Fiber Takamatsu, SPAC, Pack Forming Inc, other

 

Payment record: No Complaints

 

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

 

Bank References:

Nanto Bank (Kawanishi)

Bank of Kyoto (Yamato-Koriyama)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

145

141

123

149

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

3

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

54

49

46

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.84

14.63

-17.45

-6.88

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.45

3.55

2.44

3.36

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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.