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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
NAS CORPORATION |
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Registered Office : |
Shinko Kensetsu Bldg 6F, 2-11 Kaimeicho Amagasaki Hyogo-Pref |
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Country : |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
August 1990 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of used clothing, used cars, tank cleaning machines |
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No. of Employees : |
18 |
RATING & COMMENTS
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MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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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 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NAS CORPORATION
REGD NAME: KK
Nas Corporation
MAIN OFFICE: Shinko
Kensetsu Bldg 6F, 2-11 Kaimeicho Amagasaki
Tel: 06-6411-2830 Fax: 06-6411-2866
URL: N/A
Export of used
clothing, used cars, tank cleaning machines
Nil
At the caption
address
TOSHIO TAKETANI,
PRES Takako Taketani, dir
Masami Furukawa,
dir Masataka Furukawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 480 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 34 M
STARTED 1990 EMPLOYES 18
TRADING FIRM FOR EXPORTING USED CLOTHING, USED CARS,
TANK CLEANING MACHINES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established
by Toshio Taketani in order to make most of his experience in the subject line
of business. This is a trading firm,
with mfg division, for export of used clothing, used cars, tank cleaning
machines. Good are all exported.
Financial are only partially disclosed.
The sales volume for July/2011 fiscal term amounted to Yen 480 million,
a 19% down from Yen 590 million in the previous term. Export revenues and profits were hurt by the
high Yen. The net profit was posted at a
minimum amount post-taxes, similarly in the previous term. Foreign currency losses were incurred.
For the current term ending July
2012 the net profit is projected at Yen 3 million, on a 4% rise in turnover, to
Yen 500 million.
The financial situation is considered RATHER
WEAK but should be good for MODERATE business engagements.
Date Registered: Aug
1990
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Toshio Taketani (majority owned)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm,
with mfg division, for export of used clothing, used cars, tank cleaning machines
(--100%)
Clients: [Mfrs,
wholesalers] Exports to
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Payment record: No Complaints
Location: Business area in
Bank References:
MUFG
(Amagasaki-Ekimae)
Mizuho Bank (
Relations:
Satisfactory
(In Million
Yen)
|
|
|
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
|
500 |
480 |
590 |
600 |
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Recur.
Profit |
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|
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|
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Net
Profit |
|
3 |
0 |
0 |
0 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
|
|
34 |
34 |
34 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(₯) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.17 |
-18.64 |
-1.67 |
0.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
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N.Profit/Sales |
0.60 |
0.00 |
0.00 |
0.00 |
|
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
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 |
|
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 SCs 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.