MIRA INFORM REPORT

 

 

Report Date :           

28.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL BUSINESS SOLUTIONS CO LTD

 

 

Registered Office :

6-4-18 Kozukayama Tarumiku Kobe 655-0002

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

January  2008

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export of oil mist collector, carburetor, other

 

 

No. of Employees :

03

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

Yen 1 million

Status :

Small Company 

Payment Behaviour :

Unknown

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

 

GLOBAL BUSINESS SOLUTIONS CO LTD

 

 

REGD NAME

 

Global Business Solutions KK

 

 

MAIN OFFICE

 

6-4-18 Kozukayama Tarumiku Kobe 655-0002 JAPAN

Tel: 078-791-0798      Fax: 078-791-0698

                                               

URL:                 N/A

 

 

ACTIVITIES  

 

Import, export of oil mist collector, carburetor, other

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

TAKASHI SAKAMOTO, PRES

Kazushige Gotoh, dir                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 16 M

PAYMENTS      Unknown                   CAPITAL           Yen 2 M

TREND             SLOW                          WORTH            Yen 2 M

STARTED                     2008                             EMPLOYES      3

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN OIL MIST COLLECTOR.

 

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

                       

MAX CREDIT LIMIT: YEN 1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Takashi Sakamoto 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 oil mist collectors, carburetors, other.  Goods are imported from USA, other.  Clients include major heavy machinery mfrs, shipbuilders, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 16 million, a 45% down from Yen 29 million in the previous term, as affected by the global economic downturn.  The operations plunged into the red to register Yen 3 million net losses for the term, compared with Yen 2 million net profit a year ago.

 

For the term that ended Dec 2011 the net profit was projected at Yen 5 million, on a 56% rise in turnover, to Yen 25 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 1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 2008

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         160 shares

Issued:             40 shares

Sum:                   Yen 2 million

Major shareholders (%): Takashi Sakamoto (100)

 

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

OPERATION

           

Activities: Imports, exports and wholesales oil mist collectors, carburetors, other (--100%).

 

Clients: [Mfrs, wholesalers] Mitsubishi Heavy Ind, Kobe Steel, Hitachi Shipbuilding, Flair Nagao Inc, Cabot Super Metal, Denki Kagaku Kogyo, Konoike Transport, Mikuni Jyukogyo Co, other

            No. of accounts: 100

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Dollinger Ireland Ltd, SPX-Deltech USA, other

 

Payment record: Unknown

 

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

 

Bank References:

Minato Bank (Gotamon)

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

　

25

16

29

15

Recur. Profit

　

　

　

　

　

Net Profit

　

5

-3

2

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

2

5

3

Capital, Paid-Up

　

　

2

2

2

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

56.25

-44.83

93.33

#DIV/0!

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

20.00

-18.75

6.90

6.67

 

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.49.65

UK Pound

1

Rs.77.80

Euro

1

Rs.65.05

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.