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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
JAPAN ENGINEERING CONSULTANTS & EXPORTS
INC |
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Registered Office : |
Shin-Kodenmacho Bldg, 2-8 Nihombashi-Kodenmacho Chuoku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
July
1964 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of high-pressure valves, medical equipment |
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No. of Employees : |
10 |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
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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 |
JAPAN ENGINEERING CONSULTANTS & EXPORTS INC
Nihon Gijutsu
Kigyo KK
Shin-Kodenmacho Bldg,
2-8 Nihombashi-Kodenmacho Chuoku Tokyo 103-0001, JAPAN
Tel:
03-3664-6541 Fax: 03-3667-6187
URL: http://www.jecee.com
E-Mail address: mailto.infor@jecee.com
Export
of high-pressure valves, medical equipment
Fukushima
(Medical Center)
Cairo,
Myanmar, Manila, Singapore, Bangkok
MAMORU
KOSEKI, PRES
Misuzu
Koseki, ch
Toshiaki
Nakagawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 100 M
PAYMENTS Slow
CAPITAL Yen 78 M
TREND SLOW WORTH Yen 143 M
STARTED 1964 EMPLOYES 10
EXPORTER OF HIGH-PRESSURE VALVES & MEDICAL EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Mamoru Koseki in order
to make most of his experience in the oil & gas business. Mamoru took the pres office in Apr 2009. This is a trading firm specializing in export
of high-pressure valves, medical equipment, other (See OPERATION). Goods are
exported to Egypt, Saudi Arabia, Pakistan, Thailand, Malaysia, other.
Financials are only partially disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 100 million, a
20% down from Yen 380 million in the previous term. The operations plunged into the red to post
Yen 20 million net losses for the term, compared with Yen 2 million a year ago.
For the current term ending Dec 2012 the operations are expected to come
back to profitability to post net profit at Yen 3 million, on a 200% rise in
turnover, to Yen 300 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jul 1964
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
630,000 shares
Issued:
157,564 shares
Sum: Yen 78,732,000.00
Major shareholders (%): Misuzu Koseki (24), Tsutomu
Kawane (19), Hiroyoshi Koseki (18), Susumu Koseki (18), Mamoru Koseki (16)’
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports high-pressure
valves, medical equipment, others (--100%).
High-Pressure
Valves: brass valve for industrial use, medical pin index valve, stainless
steel valve for industrial high-pressure gas, other;
Medical Equipment: medical
regulator BS connection, medical regulator CGA connection, pin index yoke
adapter (BS) & (CGA), other
Clients: [Mfrs,
wholesalers] Exports to: Singapore, Malaysia, Thailand, Bangladesh, Pakistan,
Hong Kong, Saudi Arabia, Egypt, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Asahi Inc, Daito Valve Mfg, Taiyo Nippon Sanso Corp, other
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Yokoyamacho)
MUFG
(Kodenmacho)
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 |
|
300 |
100 |
380 |
400 |
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Recur.
Profit |
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Net
Profit |
|
3 |
-20 |
2 |
3 |
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Total
Assets |
|
|
315 |
N/A |
N/A |
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Net
Worth |
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|
143 |
123 |
121 |
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Capital,
Paid-Up |
|
|
78 |
78 |
78 |
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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 |
200.00 |
-73.68 |
-5.00 |
33.33 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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45.40 |
.. |
.. |
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N.Profit/Sales |
1.00 |
-20.00 |
0.53 |
0.75 |
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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.56.38 |
|
UK Pound |
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
<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.