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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KOYO TRADING INC |
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Registered Office : |
Daiko Bldg 7F,
2-12-8 Tsukiji Chuoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
October
1986 |
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Com. Reg. No.: |
0100-01-043866
(Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
export of seafoods; export of
sake, Japanese foods |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
KOYO TRADING INC
Koyo Boeki KK
Daiko Bldg 7F,
2-12-8 Tsukiji Chuoku
Tel:
03-3542-1511 Fax: 03-3542-1512
E-mail: mail@koyotrading.co.jp
Import,
export of seafoods; export of sake, Japanese foods
Narita,
O’I (container yard)
Yantai
(
SHUNZO
YAGI, PRES Hidefumi Takahashi, dir
Chinatsu
Yagi, dir Tatsuya Fujishiro, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 2,038 M
PAYMENTS Slow
CAPITAL Yen 15 M
TREND SLOW WORTH Yen 76 M
STARTED 1986 EMPLOYES 7
TRADING
FIRM FOR IMPORT & EXPORT OF SEAFOODS
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Shunzo Yagi in order to make most
of his experience in the subject line of business. This is a trading firm for import of seafoods
and export of Japanese sushi fishes, sake and Japanese foods. Has three processing yard overseas: Yantai (
Financials are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 2,038 million,
a similar turnover of Yen 2,028 million in the previous term. Exports were hurt by the high Yen, decreasing
earnings in Yen terms. The net profit
was posted at Yen 1 million, similarly in the previous term. .
For the term that ended Mar 2012 the net profit was projected at Yen 2
million, on a 3% rise in turnover, to Yen 2,100 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date Registered: Oct 1986
Regd No.: 0100-01-043866 (Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 960
shares
Issued: 240 shares
Sum: Yen 15
million
Major shareholders (%): Shunzo Yagi (43), Hidefumi
Yagi (24), Hiroko Yagi (14), Tetsuro Yagi (7), Chinatsu Yagi (6), Toshio Toi
(3)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
exports fish & fishery products, Japanese sake, Japanese foods (--100%).
Imports: prawns, shrimp, shell
fish, sea eel, other. Has three fish
processing yard in
Exports: Fish for Japanese
sushi, soy sauce, soybean paste, wasabi, sea weeds, other.
Clients: [Fish markets,
fish dealers] Marine Foods, New York Fish Inc, Ocean Fresh Fish,
Tamura Trading, Okura Co, Tatsuhiro Trading, Kyokuyo Shoji Co, AFC,
other.
Export destinations are:
No. of accounts: 300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from subcontracted factories in
Domestically supplied from Toyo Reizo Co, KK Onsui, Azuma-Cho
Fishermen’s Cooperative, other.
Payment record: Slow
Location: Business area in
Bank References:
SMBC
(Tsukiji)
Norin
Chukin Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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2,100 |
2,038 |
2,028 |
1,946 |
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Recur.
Profit |
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Net
Profit |
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2 |
1 |
1 |
5 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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76 |
75 |
74 |
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Capital,
Paid-Up |
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15 |
15 |
15 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
8.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.04 |
0.49 |
4.21 |
-1.12 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.10 |
0.05 |
0.05 |
0.26 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2012 fiscal
term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.83 |
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1 |
Rs.87.41 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.