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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ALTOPIA INC |
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Registered Office : |
1480-8
Takayanagi, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April
1987 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of ventilation fans, air conditioner |
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No. of Employees : |
12 |
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 : |
Unknown |
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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) |
|
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 |
ALTOPIA INC
KK Altopia
1-6-5
Minami-Nagareyama Chiba-Pref 277-0941 JAPAN
Tel: 04-7193-0831 Fax:
04-7193-0801
*.. Registered at 1480-8 Takayanagi, Kashiwa Chiba-Pref
E-Mail address: (thru the URL)
Mfg of ventilation fans, air conditioner
Osaka
At the
caption address, Osaka
MANABU
SUZUKI, PRES
Yasuo
Suzuki, ch
Takumi
Suzuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 201 M
PAYMENTS Unknown
CAPITAL Yen 20 M
TREND SLOW WORTH Yen 104 M
STARTED 1987 EMPLOYES 12
MFR OF VENTILATION FANS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Yasuo Suzuki in order to make most
of his experience in the subject line of business. Manabu is his son, who took the pres office
in Jun 2009. This is a specialized mfr
of ventilation fans, wholly owned and operated by the Suzuki family. Clients include electric firms, other.
Financial are only partially disclosed as is the case with family-based
companies.
The sales volume for Mar/2011 fiscal term amounted to Yen 201 million, a
similar amount in the previous term. The
operations continued in the red to register Yen 6 million net losses, compared
with Yen 20 million net losses a year ago.
For the term that ended Mar 2012 the net profit was projected at Yen 5
million on a 5% rise in turnover, to Yen 210 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: Apr 1987
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
160,000 shares
Issued: 40,000 shares
Sum: Yen 20 million
Major shareholders (%): Yasuo Suzuki (75), Manabu
Suzuki (25)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures under-floor ventilation fans/systems, air conditioners, other (--100%)
Clients: [Mfrs, wholesalers] New Japan Technologies, Taisei Housing, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Toshiba Corp, Shibaura Densan, other
Payment record: Unknown
Location: Business area in Chiba. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Kashiwa)
Keiyo
Bank (Shonan)
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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210 |
201 |
200 |
237 |
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Recur.
Profit |
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Net
Profit |
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5 |
-6 |
-20 |
-10 |
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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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104 |
98 |
78 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
4.48 |
0.50 |
-15.61 |
31.67 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
2.38 |
-2.99 |
-10.00 |
-4.22 |
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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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
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UK Pound |
1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
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.