MIRA INFORM REPORT

 

 

Report Date :           

04.01.2012

 

IDENTIFICATION DETAILS

 

Name :

JIMUKI SERVICE CO LTD

 

 

Registered Office :

5-2-10 Misono Toyohiraku Sapporo Hokkaido 062-0002

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

January 1971

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of PC’s & peripherals

 

 

No. of Employees :

17

 

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 9.1 Million

 

 

Status :

Moderate

 

 

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

 

JIMUKI SERVICE CO LTD

 

 

REGD NAME

 

KK Jimuki Service

 

 

MAIN OFFICE

 

5-2-10 Misono Toyohiraku Sapporo Hokkaido 062-0002 JAPAN

Tel: 011-831-9541      Fax: 011-831-9992

                                   

URL:                             http://www.jimukiservice.co.jp

E-Mail address:                        info@jimukiservice.co.jp

 

 

ACTIVITIES

 

Import, export, wholesale of PC’s & peripherals

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 222 M

PAYMENTS                  No Complaints                      CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 170 M

STARTED                     1971                             EMPLOYES      17

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN PC’S & PERIPHERALS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$100,000.00 \ O/A TERMS

                     

MAX CREDIT LIMIT: YEN 9.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by a father of Katsuyuki Mikuma 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 PC’s & peripherals. 

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2011 fiscal term amounted to Yen 222 million, a 28% down from Yen 309 million in the previous term.  The net profit was posted at Yen 1 million, compared with Yen 1 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 5 million, on a 2% rise in turnover, to Yen 230 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 9.1 million, on 30 days normal terms.  The proposed amount for 60 days terms is considered well within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:          Jan 1971

Legal Status:               Limited Company (Kabushiki Kaisha)

Authorized:                  80,000 shares

Issued:                         20,000 shares

Sum:                            Yen 10 million

Major shareholders (%): Katsuyuki Mikuma (65, Yoshiaki Wakasa (28), Keiichi Oikawa (5), Tohru Nakashima (2)

No. of shareholders: 4

 

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales PC’s & peripherals (--100%)

 

Clients: [Mfrs  wholesalers] Hokkaido Electric Power Co, North Pacific Bank, Homac Corp, Max Value Hokkaido, Hokuren Corp, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Canon Marketing Japan, Hitachi Consumer Marketing Corp, other

 

Payment record: No Complaints

 

Location: Business area in Sapporo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

North Pacific Bank (H/O)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

230

222

309

412

Recur. Profit

　

5

-1

13

　

Net Profit

　

5

1

1

　

Total Assets

　

　

252

362

347

Current Assets

　

　

102

185

　

Current Liabs

　

　

23

103

　

Net Worth

　

　

170

179

178

Capital, Paid-Up

　

　

0

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.60

-28.16

-25.00

-18.09

    Current Ratio

 

..

443.48

179.61

..

    N.Worth Ratio

..

67.46

49.45

51.30

    R.Profit/Sales

 

2.17

-0.45

4.21

..

    N.Profit/Sales

2.17

0.45

0.32

0.00

    Return On Equity

..

0.59

0.56

0.00

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.23

UK Pound

1

Rs.82.87

Euro

1

Rs.69.13

 

 

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.