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Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Kotobuki Bldg 9F, 1-1-3 Yaesu Chuoku Tokyo 103-0028 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
Aug 1993 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Marine
transport of sulfur |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
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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) |
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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 |
FUJI MARINE LTD
REGD NAME: KK
Fuji Marine
MAIN OFFICE: Kotobuki
Bldg 9F, 1-1-3 Yaesu Chuoku
Tel:
03-3548-1501 Fax: 03-3272-3071
URL: N/A
Marine
transport of sulfur
Nil
KAZUO
NOZAWA, PRES Ryo
Suzuki, dir
Yoko
Koyano, dir Shunji
Noguchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,013 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 514 M
STARTED 1993 EMPLOYES 8
OCEAN TRANSPORT OF SULFUR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by Kazuo Noguchi in order to make most of his
experience in the subject line of business.
This is a shipping company specializing in marine transport of sulfur
and other products. 95% of the goods are
transported for Mitsubishi Corp.
Financials
are only partially disclosed.
The sales volume for Jun/2011
fiscal term amounted to Yen 2,013 million, a 6% down from Yen ^ million in the
previous term. This is referred to the
decline in shipping rates and high Yen in Yen terms. The net profit was posted at Yen 50 million,
compared with Yen 90 million a year ago.
For the
term that ended Jun 2012 the net profit was projected at Yen 55 million, on a
4% rise in turnover, to Yen 2,100 million.
Final results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Aug 1993
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Kazuo Nozawa (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Shipping company for marine transport
of sulfur and other products (--100%)
Clients: [Mfrs, wholesalers] Mitsubishi Corp
(95%), NYK Lines, other
No. of
accounts: 5
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Euro Ship, Petro
Marine Service, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Nihombashi)
SMBC
(Kanda)
Relations:
Satisfactory
(In Million Yen)
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30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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2,100 |
2,013 |
2,141 |
2,310 |
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Recur.
Profit |
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Net
Profit |
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55 |
50 |
90 |
83 |
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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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514 |
464 |
374 |
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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 |
4.32 |
-5.98 |
-7.32 |
115.28 |
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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 |
2.62 |
2.48 |
4.20 |
3.59 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/06/2012 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.55.66 |
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1 |
Rs.85.89 |
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Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.