MIRA INFORM REPORT
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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ONOSHOKU MACHINERY CO LTD |
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Registered Office : |
1-13-5 Uchisange Kitaku |
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Country : |
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Date of Incorporation : |
Dec 1976 |
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Com. Reg. No.: |
2600-01-001638 (Okayama-Kitaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, wholesale of food processing machines |
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No. of Employees
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03 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
ONOSHOKU MACHINERY
CO LTD
Onoshoku Machinery KK
1-13-5 Uchisange Kitaku
Tel: 086-226-1721 Fax:
086-226-4642
URL: N/A
Export, wholesale of food processing machines
TAKUJI ONO, PRES
Yen Amount: In
million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 200 M*
PAYMENTS SLOW CAPITAL Yen 20 M
TREND SLOW WORTH Yen (Not disclosed)
STARTED 1976 EMPLOYES 3
*.. Estimated figures only as financials not disclosed
TRADING FIRM SPECIALIZING IN FOOD PROCESSING MACHINES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD
FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Takuji Ono in order
to make most of his experience in the subject line of business. This is one of three Ono Group firms:
Onoshoku Machinery Co Ltd, Ono Shokuhin Kogyo Co Ltd (mfg of food processing
machines) and Onosho Co Ltd (import/export of fish, fish products). All the three are owned and managed by Takuji
Ono. This is a trading firm for import,
export and wholesale of food processing machines & equipment, manufactured
by Ono Shokuhin Kogyo (See OPERATION).
FINANCIAL
INFORMATION:
Financials are not disclosed. The firm declined to disclose them. The only figures we have are Yen 500 million
for 1995 fiscal term. It is believed,
but not verified, that the annual turnover is around Yen 200 million.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is unable to be assessed due to the lack of proven
business, which the firm declined to disclose.
Date
Registered: Dec 1976
Regd
No.: 2600-01-001638 (Okayama-Kitaku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued:
40,000 shares
Sum: Yen 20 million
Major shareholders
(%): Takuji Ono (100)
Nothing detrimental is known as to the commercial morality
of executives.
Activities:
Imports, exports and wholesale of food processing machines/equipment: universal
cooking machines, vacuum kneader, pressure/vacuum cooker, cooking sterilizer,
evaporative air coolers, UV coolers, retorted food making machinery, other
(--100%)
Clients:
[Mfrs, wholesalers] Ono Shokuhin Kogyo, Kamoi Food Co, other
Goods are exported.
No. of
accounts: Limited
Domestic areas
of activities: Centered in Okayama-Pref
Suppliers:
[Mfrs, wholesalers] Ono Shokuhin Kogyo, other
Payment
record: Slow
Location:
Business area in Okayama. Office
premises at the caption address are owned and maintained satisfactorily.
Bank
References:
Local Bank (Okayama)
Relations: Money deposits and transfers only
(In
Million Yen)
NOT
DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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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
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Report Prepared
by : |
SDA |
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 |
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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.