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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MUSTARDGIGA CO
LTD |
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Registered Office : |
5-23-4-203 Omori-Nishi Ohtaku Tokyo |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
Jun 2007 |
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Com. Reg. No.: |
0108-01-017150 (Tokyo-Ohtaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export
of PCs And peripheral |
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No. of Employees : |
7 |
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 31, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
MUSTARDGIGA CO LTD
REGD NAME: Mustardgiga
KK
MAIN OFFICE: Theodore
Amex 4F, 5-27-4 Minami-O’I Shinagawaku
Tel:
03-5753-5898 Fax: 03-5753-5897
*.. Registered at:
5-23-4-203 Omori-Nishi Ohtaku Tokyo
URL: http//:www.mustardgiga.co.jp
E-mail: sales@mustardgiga.co.jp
Import, export of
PCs & peripherals
Taiwan (Giga-Byte
Technology Co Ltd)
HIROSHI MIYATA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 200 M
PAYMENTS SLOW CAPITAL Yen 30 M
TREND UP WORTH Yen 42 M
STARTED 2007 EMPLOYES 7
TRADING FIRM
SPECIALIZING IN PCS & PERIPHERALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
AND DOUBTFUL FOR CREDIT ENGAGEMENTS
The subject company was established by
Hiroshi Miyata in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in importing PCs & peripherals, mostly from Taiwan. Has a JV firm in Taiwan, Giga-Byte Technology
Co ltd. Clients include electronics
mfrs, wholesalers, other.
Financials are only partially disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 200 million, a
sharp 233% up from Yen 60 million in the previous term. Market revived from the global economic
downturn in the previous term. Consumer
spending revived. The number of clients
expanded. The net profit was posted at
Yen 3 million, compared with Yen 1 million a year ago.
For the current term ending Dec 2012 the net profit is projected at Yen
3 million, on a 5% rise in turnover, to Yen 210 million. Business is seen expanding steadily.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. The
proposed amount for 180 days terms, however, is considered TOO HIGH from the
recent financial status. Max credit
limit is estimated at Yen 3.6 million, on 30 days normal terms.
Date Registered: Jun 2007
Regd No.:
0108-01-017150
(Tokyo-Ohtaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,400 shares
Issued: 600 shares
Sum: Yen 30 million
Major shareholders (%): Hiroshi
Miyata (75), Giga-Byte Technology Co (15), Kohei Hayashi (10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales PCs & peripherals: PC motherboards, PC cases, note pad,
PC/TV tuners, coolers, other (--100%)
(Handling
Brands): GIGABYTE, Hauppauge, KONIK, JMAX, SEED, TECO, other
Clients: [Mfrs,
wholesalers] Japan Mustar Seed Corp, Mouse Computer, Japan Digital Lab, Tsukumo
Electric Co, other
No. of accounts:
300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs] Giga-Byte
Technology Co Ltd, other from Taiwan.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Shiba)
MUFG (Omori)
Relations:
Satisfactory
(In Million Yen)
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
|
210 |
200 |
60 |
100 |
|
Recur.
Profit |
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Net
Profit |
|
3 |
3 |
1 |
3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
42 |
39 |
38 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.00 |
233.33 |
-40.00 |
-22.48 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.43 |
1.50 |
1.67 |
3.00 |
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Notes: Financials are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
|
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
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 |
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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 |
|
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.