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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SAKI TRADING CO LTD |
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Registered Office : |
1-31-2 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
June
1972 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import (as agent) of foods, beverages |
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No. of Employees : |
02 |
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 : |
Small Company |
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Payment Behaviour : |
Slow |
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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 |
SAKI TRADING CO LTD
KK Saki Shokai
1-31-2 Ahacha
Urasoe City Okinawa-Pref 901-2114 JAPAN
Tel:
098-877-7838 Fax: 098-876-7182
URL: N/A
Import (as agent) of foods, beverages,
other
Nil
EISHO
SAKIHARA, PRES
Eiko
Sakihara, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 100 M
PAYMENTS Slow CAPITAL Yen 10 M
TREND SLOW WORTH Yen 37 M
STARTED 1973 EMPLOYES 2
AGENT IMPORTER OF FOODS, BEVERAGES, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Eisho Sakihara in order to make
most of his experience in the subject line of business. This is an agent importer of foods,
beverages, other. Imports them as agent for major mfrs, wholesalers, centering
in Okinawa-Pref.
Financials are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 100 million, a
9% down from Yen 110 million in the previous term. High Yen erode earnings in Yen terms. The net profit remained similar at Yen 1
million.
For the current term ending Mar 2012 the net profit is projected to mark
time at Yen 1 million, on a 10% rise in turnover, to Yen 110 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Jun 1972
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Eisho
Sakihara (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports as
agent: foodstuffs, beverages, others (--100%)
Clients: [Mfrs,
wholesalers] Takada Co, Uehara Foods, Wakugawa Co, other
No. of accounts: 100
Domestic areas of
activities: Centered in Okinawa-Pref
Suppliers: [Mfrs, wholesalers]
YK Industry, OOCL, other
Imports from China, other
Payment record: Slow
Location: Business area in
Urasoe city, Okinawa-Pref. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References:
Bank of
Okinawa (Shiroma)
Bank
of Ryukyus (Shiroma)
Relations:
Satisfactory
(In Million Yen)
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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110 |
100 |
110 |
110 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
1 |
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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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37 |
36 |
35 |
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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 |
10.00 |
-9.09 |
0.00 |
-8.33 |
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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 |
0.91 |
1.00 |
0.91 |
0.91 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
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UK Pound |
1 |
Rs.86.89 |
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Euro |
1 |
Rs.67.84 |
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.