MIRA INFORM REPORT

 

 

Report Date :           

28.01.2012

 

 

 

IDENTIFICATION DETAILS

 

Name :

JAGUAR INTERNATIONAL CORPORATION

 

 

Registered Office :

2-6-8 Satahigashimachi Moriguchi Osaka-Pref 570-0017

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

March 1995

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of sewing machines

 

 

No. of Employees :

60

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 372.4 Million

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

JAGUAR INTERNATIONAL CORPORATION

 

 

REGD NAME

 

KK Jaguar International Corporation

 

 

MAIN OFFICE

 

2-6-8 Satahigashimachi Moriguchi Osaka-Pref 570-0017 JAPAN

Tel: 06-6902-0011      Fax: 06-6905-0326

                                   

URL:                             http://www.jaguar-net.co.jp

E-Mail address:                        info-os@jaguar-net.co.jp

 

 

ACTIVITIES

 

Mfg of sewing machines

 

 

BRANCHES

 

Nil

 

 

OVERSEAS

 

China (2), Vietnam, Germany, Russia

 

 

FACTORIES

 

(subsidiary makers)

 

 

OFFICERS

 

HIROSHI OKAMOTO, PRES

Ayako Okamoto, dir                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 6,097 M

PAYMENTS      REGULAR                     CAPITAL           Yen 80 M

TREND             UP                                WORTH            Yen 2,098 M

STARTED                     1995                             EMPLOYES      60

 

 

COMMENT

 

MFR OF SEWING MACHINES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

           

MAX CREDIT LIMIT: YEN 372.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hiroshi Okamoto in order to make most of his experience in the subject line of business.  This is a trading firm, with mfg division, for import, export and wholesale of sewing machines.  Goods are manufactured by subsidiary makers both at home and abroad.  Operates 5 overseas subsidiaries: China (2), Vietnam, Germany and Russia.  China & Vietnam are engaged in mfg, too.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Sept/2010 fiscal term amounted to Yen 6,097 million, a 22% up from Yen 5,011 million in the previous term.  Demand came back after the global economic downturn.  Exports to China and S/E Asian countries recovered.  The recurring profit was posted at Yen 394 million and the net profit at Yen 188 million, respectively, compared with Yen 1,053 million net losses a year ago.

 

For the term that ended Sept 2011 the recurring profit was projected at Yen 400 million and the net profit at Yen 200 million, respectively, on a 5% rise in turnover, to Yen 6,400 million.  The final results are yet to be released.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 372.4 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 1995

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         6,400 shares

Issued:              1,600 shares

Sum:                   Yen 80 million

 

Major shareholders (%): Ayako Okamoto (100)

 

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

 

 

OPERATION

           

Activities: Manufactures household sewing machines (100%).

 

Clients: [Mfrs, wholesalers] Singer, Japanet Takata, Aeon Retail, JUKI, Nisso Boeki Co, Koizumi Seiki Corp, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Jaguar International Corp Hanoi, other.

Imports from China, Vietnam, other.

 

Payment record: Regular

 

Location: Business area in Moriguchi, Osaka-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         SMBC (Dojima)

·         Shoko Chukin Bank (Higashi-Osaka)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2011

30/09/2010

30/09/2009

30/09/2008

Annual Sales

　

6,400

6,097

5,011

7,113

Recur. Profit

　

400

394

　

　

Net Profit

　

200

188

-1,053

35

Total Assets

　

　

8,414

N/A

N/A

Net Worth

　

　

2,098

1,910

2,963

Capital, Paid-Up

　

　

80

80

80

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.97

21.67

-29.55

-5.16

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

24.93

..

..

    N.Profit/Sales

3.13

3.08

-21.01

0.49

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/09/2011 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%)

 

 

 

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.