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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
5025 |
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Country : |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
February
1965 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of greenhouse, plastic sheets, poles |
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No. of Employees : |
89 |
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 : |
Poor |
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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 |
NAN-A CORPORATION
Nan-A Kogyo KK
5025 Tohokucho Miyakojijo
City Miyazaki-Pref 885-0004 JAPAN
Tel:
0986-27-5060 Fax: 0986-27-5000
E-Mail address: (thru the URL)
Mfg of
greenhouse, plastic sheets, poles, other
Saitama,
Osaka
At the
caption address
KEN’ICHI
ISHIGAMI, PRES Eishi Ishigami, ch
Yoshito
Yamaguchi, s/mgn dir Yukihiko Takei,
mgn dir
Shin’ichi
Kuroshima, dir Katsuko
Ishigami dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES WEAK A/SALES Yen 1,976 M
PAYMENTS Unknown
CAPITAL Yen 36 M
TREND SLOW WORTH Yen (-) 1,063 M
STARTED 1965 EMPLOYES 89
MFR OF GREEN HOUSE, PLASTIC SHET, POLES, OTHER ATTACHMENT.
FINANCIAL SITUATION CONSIDERED WEAK AND NO CREDITS AR RECOMMENDED. NEGATIVE NET WORTH
The subject company was established by Eishi Ishigami in order to make
most of his experience in the subject line of business. This is a specialized mfr of greenhouse,
plastic sheet, poles, other attachments.
Also makes gardening tools & supplies. Clients include Miyazaki-Pref Economic Assn
and Kagoshima Federation of agriculture.
The sales volume for May//2011 fiscal term amounted to Yen 1,976 million,
a 4% up from Yen 1,905 million in the previous term. The operations came back profitability to
post Yen 464 million recurring profit and Yen 216 million net profit, compared
with Yen 1,517 million net losses a year ago.
For the term that just ended May 2012 the recurring profit was projected
at Yen 470 million and the net profit at Yen 430 million, respectively, on a 6%
rise in turnover, to Yen 2,100 million.
Final results are yet to be released.
The financial situation is considered WEAK and no credits are
recommended. Negative net worth.
Date Registered: Feb 1965
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
288,000 shares
Issued:
72,000 shares
Sum: Yen 36 million
Major shareholders (%): Eizo Ishigami (51.3), Katsuko
Ishigami (11.1), Ken’ichi Ishigami (9.5),
Yukihiko Takei (7.5), Yoshito
Yamaguchi (5.5)
No. of shareholders: 15
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures greenhouse,
plastic sheets, poles, steel pipes (61.7%), gardening tools, agricultural tools
(31.2%), other (7.1%)
Clients: [Mfrs,
wholesalers] Cainz, Alpen, Handsman, Miyazaki-Pref Agriculture Association,
Kagoshima-Pref Federation of Agriculture, other
No. of accounts: 500
Domestic areas of
activities: Centered in Kyushu
Suppliers: [mfrs,
wholesalers] Chuo Bussan Kaisha, Fujimoori Kogyo, other
Payment record: Unknown
Location:
Business area in Miyakonojo, Miyazaki-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Miyazaki
Bank (Tohokucho)
Minami
Nippon Bank (Miyazaki)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
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Annual
Sales |
|
2,100 |
1,976 |
1,905 |
2,160 |
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Recur.
Profit |
|
470 |
463 |
5 |
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Net
Profit |
|
230 |
216 |
-1,517 |
-13 |
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Total
Assets |
|
|
1,272 |
3,437 |
3,175 |
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Current
Assets |
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|
807 |
1,717 |
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Current
Liabs |
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|
93 |
1,907 |
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Net
Worth |
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-1,063 |
251 |
250 |
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Capital,
Paid-Up |
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|
36 |
36 |
36 |
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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 |
6.28 |
3.73 |
-11.81 |
-20.44 |
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Current Ratio |
|
.. |
867.74 |
90.04 |
.. |
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N.Worth Ratio |
.. |
-83.57 |
7.30 |
7.87 |
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R.Profit/Sales |
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22.38 |
23.43 |
0.26 |
.. |
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N.Profit/Sales |
10.95 |
10.93 |
-79.63 |
-0.60 |
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Return On Equity |
.. |
.. |
-604.38 |
-5.20 |
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Notes:
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.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
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 |
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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.