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Report Date : |
13.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EVERGREEN CORPORATION |
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Registered Office : |
Daini Dempa Bldg
8F, 2-14-10 Sotokanda Chiyodaku |
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Country : |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
March
2008 |
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Com. Reg. No.: |
0100-01-116403
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale, retail (on-line shops) of AV equipment, PC peripherals |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
Japan |
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 |
EVERGREEN CORPORATION
KK Evergreen
Daini Dempa Bldg
8F, 2-14-10 Sotokanda Chiyodaku Tokyo 101-0021 JAPAN
Tel: 03-5294-6327 Fax: 03-5298-7266
E-Mail address: info@everg.co.jp
Import,
wholesale, retail (on-line shops) of AV equipment, PC peripherals
Chiba (Distribution Center)
ATSUSHI
OSUGA, PRES
Kensuke
Ozaki, ch
Manabu
Hirata, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,670 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND SLOW WORTH Yen 121 M
STARTED 2008 EMPLOYES 25
TRADING FIRM SPECIALIZING IN PC PERIPHERALS, IT-RELATED
PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$600,000 / O/A 180 DAYS.
The subject company was established on the basis of a trading division
separated from Third Wave Holdings Inc (See REGISTRATION). This is a
trading firm specializing in import, retail (on-line shops) and wholesale of AV
equipment, IT-related products, PC & peripherals, other. 70% of the goods are retailed online. Wholesaling clients include PC shops, mfrs,
other.
The sales volume for Jul/2011 fiscal term amounted to Yen 2,670 million,
a 5% down from Yen 2,800 million in the previous term. The net profit was posted at Yen 60 million,
compared with Yen 31 million a year ago.
For the current term ending Jul 2012 the net profit is projected at Yen
65 million, on a 3% rise in turnover, to Yen 2,750 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Mar 2008
Regd No.: 0100-01-116403 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Third Wave Holdings Inc* (100)
*.. PC shop operator, at the caption address, operating 32 shops
nationwide, founded 1984, capital Yen 40 million, sales Yen 29,600 million, net
profit Yen 200 million, employees 318, pres Kensuke Ozaki, ch at the caption
company
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, retails
(online) and wholesales AV equipment, PC & peripherals, IT-related
products, other (--100%).
Clients: [Consumers, mfrs,
wholesalers] Consumers (70%), Sofmap Corp, Joshin Electric, Third Wave Corp,
Daiwabo Information System, Softbank, Yodobashi Camera, Tokyu Handa, other
No. of accounts: 100
(Wholesale Div)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Hunykey, A-Data, DICOTA, Daiwabo Information System, Softbank
Mobile, Transcend Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
MUFG (Kanda)
Mizuho Bank (Ueno)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
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2,750 |
2,670 |
2,800 |
2,800 |
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Recur.
Profit |
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Net
Profit |
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65 |
60 |
31 |
32 |
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Total
Assets |
|
|
962 |
815 |
847 |
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Current
Assets |
|
|
943 |
804 |
828 |
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Current
Liabs |
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|
841 |
742 |
805 |
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Net
Worth |
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|
121 |
73 |
42 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.00 |
-4.64 |
0.00 |
9.80 |
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Current Ratio |
|
.. |
112.13 |
108.36 |
102.86 |
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N.Worth Ratio |
.. |
12.58 |
8.96 |
4.96 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
2.36 |
2.25 |
1.11 |
1.14 |
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Return On Equity |
.. |
49.59 |
42.47 |
76.19 |
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Notes:
Forecast (or estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
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UK Pound |
1 |
Rs.86.28 |
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Euro |
1 |
Rs.68.15 |
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.