MIRA INFORM REPORT

 

 

Report Date :

11.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SUN ROYAL LTD

 

 

Registered Office :

NK Bldg Shin-Otsuka 801, 5-7-12 Otsuka Bunkyoku Tokyo 112-0012

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

October 1979

 

 

Com. Reg. No.:

0100-01-138727 (Tokyo-Bunkyoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Export of welding rods, gas valves & fittings, welding electrodes

 

 

No. of Employees :

04

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Small Company 

Payment Behaviour :

Slow but Correct 

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)

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

 

SUN ROYAL LTD

 

 

REGD NAME

 

KK Sun Royal

 

 

MAIN OFFICE

 

NK Bldg Shin-Otsuka 801, 5-7-12 Otsuka Bunkyoku Tokyo 112-0012 JAPAN

Tel: 03-3942-8611      Fax: 03-3943-9993

 

URL:                 http://www.sunroyal-ltd.co.jp

E-Mail address:            trade@sunroyal-ltd.co.jp

 

 

ACTIVITIES

 

Export of welding rods, gas valves & fittings, welding electrodes

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

YASUSHI YOSHINO, PRES

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                                         A/SALES          Yen 510 M

PAYMENTS Slow but Correct        CAPITAL           Yen 20 M

TREND SLOW                                      WORTH            Yen 156 M

STARTED         1979                                         EMPLOYES      4

 

COMMENT

 

EXPORTER OF WELDING RODS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Yasushi Yoshino in order to make most of his experience in the subject line of business.  This is a trading firm specializing in exporting welding rods, valves & fittings for hydrogen gas, welding electrodes, other (See OPERATION).  Export agent for: Nippon Welding Rod Co Ltd and Neriki Valve Co Ltd.  Export destinations are: India, Vietnam, Singapore, other S/E Asian countries.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Dec/2011 fiscal term are reportedly amounted to Yen 510 million, a 2% up from Yen 500 million in the previous term.  The net profit is estimated posted at Yen 10 million, similarly in the previous period.  Financials are not precisely disclosed.

 

For the current term ending Dec 2012 the net profit is projected to mark time at Yen 10 million, on a 2% rise in turnover, to Yen 520 million.  Exports are said increasing.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Oct 1979

Regd No.:         0100-01-138727 (Tokyo-Bunkyoku)

Legal Status:     Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                40,000 shares

Sum:                   Yen 20 million

 

Major shareholders (%): Yasushi Yoshino (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Exports welding rods: valves & fittings for ultra super high-pressure hydrogen gas, cylinders, compressors & pumps, welding electrodes, others (--100%)

 

Clients: [Mfrs, wholesalers] Exports to India, Singapore, Thailand, Philippines, Malaysia,

Taiwan, other S/E Asian countries. 

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Nippon Welding Rod Co, Neriki Valve Co (--export agent), Taiyo Nippon Sanso Corp, Kansan Corp, Daito Valve Mfg, other

 

Payment record: Slow but Correct 

 

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

 

Bank References:

MUFG (Otsuka)

SMBC (Otsuka)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

520

510

500

450

Recur. Profit

　

　

　

　

　

Net Profit

　

10

10

10

40

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

156

146

136

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.96

2.00

11.11

-22.15

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.92

1.96

2.00

8.89

 

Notes: Financials are only partially disclosed.  Figures for the 31/12/2011 fiscal term are not precisely disclosed and are estimated based on figures collected from outside sources

Forecast (or estimated) figures for the 31/12/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.81

UK Pound

1

Rs.86.53

Euro

1

Rs.68.58

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.