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Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MODI IMPEX CO LTD |
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Registered Office : |
Miyama Bldg 6F, 1-21-1 Higashi-Ueno Taitoku |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
July 2004 |
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Com. Reg. No.: |
0105-02-020418 (Tokyo-Taitoku) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of diamonds |
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No. of Employees : |
4 |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – 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 |
MODI IMPEX CO LTD
REGD NAME: YK
Modi Impex
MAIN OFFICE: Miyama
Bldg 6F, 1-21-1 Higashi-Ueno Taitoku
Tel: 03-3833-5505 Fax: 03-3833-5505
URL: N/A
Import, wholesale
of diamonds
Nil
(subcontracted)
JAIN PANKAG, PRES
(Indian resident)
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 300 M
PAYMENTS SLOW CAPITAL Yen 23 M
TREND SLOW WORTH Yen 68 M
STARTED 2004 EMPLOYES 4
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS FROM INDIA.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT
SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established
by Jain Pankag in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in import, export and wholesale of diamonds and jewelry
products. Diamonds are imported from
India centrally and subcontracted mfg to local jewelry processors into jewelry
products. Clients are local jewelry
stores, processors, chain stores, other.
Financials are only partially
disclosed in rounded-off numbers.
The sales volume for Jun/2011 fiscal
term amounted to Yen 300 million, a similar amount in the previous term. The net profit was posted at Yen 5 million,
similarly in the previous period.
For the term that ended Jun 2012 the net profit was projected at Yen 5
million, on a 3% rise in turnover, to Yen 310 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:
Jul 2004
Regd No.: 0105-02-020418 (Tokyo-Taitoku)
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital:
Yen 23 million
Major shareholders (%): Modi Pankag (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and wholesales polished diamonds
centrally from India (100%).
Clients: Jewelry stores, jewelry processors,
other.
No. of accounts:
200
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from India
centrally.
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Asahi Shinkin Bank
(Nishimachi)
MUFG (Ueno)
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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310 |
300 |
300 |
390 |
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Recur.
Profit |
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Net
Profit |
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5 |
5 |
5 |
7 |
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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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68 |
63 |
58 |
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Capital,
Paid-Up |
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23 |
23 |
23 |
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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 |
3.33 |
0.00 |
-23.08 |
-23.53 |
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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 |
1.61 |
1.67 |
1.67 |
1.79 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) figures for the 30/06/2012 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.15 |
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1 |
Rs.86.30 |
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Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.