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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MINATO SOKO KK |
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Registered Office : |
4787 Ikenobecho
Tsuzukiku |
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Country : |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
October
1978 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Company |
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Line of Business : |
Warehousing, export cargo packaging |
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No. of Employees : |
15 |
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 : |
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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
MINATO SOKO KK
Minato Soko KK
4787 Ikenobecho
Tsuzukiku Yokohama 224-0053
Tel:
045-929-6113 Fax: 045-929-8115
URL: N/A
Warehousing,
export cargo packaging
Nil
At the
caption address (warehousing)
KEN’ICHI
FUSE, PRES Yumio Hirata, dir
Masami
Sato, dir Michio
Yamauchi, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES R/WEAK A/SALES Yen 200 M
PAYMENTS Slow CAPITAL Yen 10 M
TREND SLOW WORTH Yen 79 M
STARTED 1978 EMPLOYES 15
WAREHOUSING & PACKAGING WORKS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Ken’ichi Fuse in order to make most of his experience in the subject line of business. This firm operates warehouse and offers packaging & wrapping for export cargoes. Clients are local makers, wholesalers, other
Financials are only partially disclosed.
The sales volume for May/2011 fiscal term amounted to Yen 200 million, a 0.5% down from Yen 201 million in the previous term. The net profit was posted at Yen 1 million, similarly in the previous term.
For the term that ended May 2012 the net profit was projected to mark time at Yen 1 million, on a 3% rise in turnover, to Yen 205 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: Oct 1978
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Ken’ichi Fuse (50), Emiko Fuse
(20)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Warehousing, packaging/wrapping works of export cargoes, others (--100%)
Clients: [Mfrs, wholesalers] Orient Corp, Matsunaga Seisakusho, Nitto Jushi Kogyo, Daito Packaging Co, IK Tech Co, other
No. of accounts: 200
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Sekino Ringyo Co, Nihon Bousei Kako, Seino Transportation Co, other
Payment record: Slow
Location:
Business area in
Bank References:
Tokyo Tomin Bank (
Bank of
Relations: Satisfactory
(In Million Yen)
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31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
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Annual
Sales |
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205 |
200 |
201 |
200 |
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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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79 |
78 |
77 |
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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 |
2.50 |
-0.50 |
0.50 |
-17.36 |
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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 |
0.49 |
0.50 |
0.50 |
0.50 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
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|
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.