MIRA INFORM REPORT

 

 

Report Date :

25.01.2012

 

IDENTIFICATION DETAILS

 

Name :

CONQUEST (JAPAN) LTD

 

 

Registered Office :

Neo Heights Sannomiya 403, 3-1-33 Hamabedori Chuoku Kobe 651-0083

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

June 1987

 

 

Com. Reg. No.:

(Kobe-Chuoku) 027914

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, export, wholesale of textiles, secondary metals

 

 

No. of Employees :

5

 

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 10.3 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 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

 

CONQUEST (JAPAN) LTD

REGD NAME:    Conquest Japan Limited YK

MAIN OFFICE:  Neo Heights Sannomiya 403, 3-1-33 Hamabedori Chuoku Kobe 651-0083

JAPAN

Tel: 078-272-1521      Fax: 078-272-1522

                                               

URL:                 http://www.aliaba.com/member/conquestjapan

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Import, export, wholesale of textiles, secondary metals

 

BRANCHES   

 

Osaka

 

 

OFFICERS

 

S G SEWARAM, PRES (Only phonetically spelled)                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 680 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 91 M

STARTED                     1987                             EMPLOYES      5

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN TEXTILES & METALS.

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

                       

MAX CREDIT LIMIT: YEN 10.3 MILLION, 30 DAYS NORMAL TERMS

HIGHLIGHTS

           

            The subject company was established by S G Sewaram (only phonetically spelled), an Indian resident, in order to make most of his experience in the subject line of business.  This is a small-sized trading firm for export textiles (polyester fiber), secondary metals, other.  Export destinations are India, S/E Asia, China, Near/mid East, Africa, other.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 680 million, a 3% down from Yen 700 million in the previous term.  The net profit was posted at Yen 1 million, similarly in the previous term.

 

            For the term that ended Dec 2011 the net profit was projected to mark time at Yen 1 million, on a 3% rise in turnover, to Yen 700 million.  Final results are yet to be released. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 10.3 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jun 1987

Regd No:         (Kobe-Chuoku) 027914

Legal Status:      Private Limited Company (Yugen Kaisha)

Regd Capital:      Yen 10 million

Major shareholders (%): S G Sewaram (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Trading firm specializing in export of textiles (polyester fabric as a mainline), secondary metals, other (--100%)

 

Clients: [Mfrs, wholesalers] Exports to India, China, S/E Asia, Mid/Near East, Africa, Mid/South Americas, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Marubeni Corp, Ueda Trading Co, NI Teijin Shoji Co, Kanebo Inc, Fuji Trading Co, other

 

Payment record: No Complaints

 

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

 

Bank References:

Resona Bank (Kobe)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

700

680

700

600

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

91

90

89

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.94

-2.86

16.67

-15.49

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.14

0.15

0.14

0.17

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.77.74

Euro

1

Rs.65.09

 

 

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.