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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SF CO LTD |
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Registered Office : |
8-12-28 Karita Sumiyoshiku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
1950 |
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Com. Reg. No.: |
1200-01-032948
(Osaka-Sumiyoshiku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import,
wholesale of tableware, earthenware, glassware, other |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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) |
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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 |
SF CO LTD (Renamed in May/2012 from Seyei Co Ltd as
given)
REGD NAME: SF
KK
MAIN OFFICE: 8-12-28
Karita Sumiyoshiku
Tel:
06-6692-0601 Fax: 06-6692-0606
URL: http://www.seiyei.jp
(under reconstruction)
E-Mail
address: (thru the URL)
Import,
wholesale of tableware, earthenware, glassware, other
KATSUYA
ISHIBASHI, PRES
Shuzan
Kita, rep dir
Tokunari
Maruyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,500 M
PAYMENTS
No Complaints CAPITAL Yen 48 M
TREND UP WORTH Yen 228 M
STARTED 1950 EMPLOYES 50
TRADING FIRM SPECIALIZING IN TABLEWARE.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Katsuya Ishibashi in
order to make most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of tableware, earthenware, glassware, other, mainly of Denby
brands. Renamed as captioned in May
2012. Clients include major department
stores, hotels, restaurants, others nationwide.
The sales
volume for Mar/2011 fiscal term amounted to Yen 1,500 million, a 27% up from
Yen 1,180 million in the previous term.
Demand increased. Consumer
spending came back to normal. The
recurring profit was posted at Yen 15 million and the net profit at Yen 14
million, respectively, compared with Yen 10 million recurring profit and Yen 9
million net profit, respectively, a year ago.
For the
term that ended Mar 2012 the recurring profit was projected at Yen 20 million
and the net profit at Yen 20 million, respectively, on a 6% rise in turnover,
to Yen 1,600 million. Final results are
yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Jul
1950
Regd No.: 1200-01-032948
(Osaka-Sumiyoshiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 384,000 shares
Issued:
96,000 shares
Sum: Yen 48 million
Major shareholders (%): Executives’ S/Holding Assn,
Employees S/Holding Assn (--100)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, wholesales and retails
(online shop) tableware, earthenware, glassware, others (--100%)
Clients: [Department stores, hotels,
wholesalers, consumers] Yamagataya, Hankyu Department Store, Daimaru
Matsuzakaya Department Store, Takashimaya, Senshukai, UCC Foods, Mitsukoshi
Isetan, other
No. of
accounts: 800
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Momoyama Co, Avecs
Heart, Miyao Co Ltd, Denby Nachtmann, RSN Japan, Pacific GLD, Meiji Sales,
other
Payment record: Regular
Location:
Business area in
Bank
References
SMBC
(Tennoji-Ekimae)
Resona
Bank (Abiko)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
|
1,600 |
1,500 |
1,180 |
1,210 |
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Recur.
Profit |
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20 |
15 |
10 |
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Net Profit |
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20 |
14 |
9 |
1 |
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Total
Assets |
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1,135 |
910 |
899 |
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Current
Assets |
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|
742 |
554 |
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Current
Liabs |
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422 |
431 |
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Net
Worth |
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228 |
214 |
205 |
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Capital,
Paid-Up |
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48 |
48 |
48 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.67 |
27.12 |
-2.48 |
-6.92 |
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Current Ratio |
|
.. |
175.83 |
128.54 |
.. |
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N.Worth Ratio |
.. |
20.09 |
23.52 |
22.80 |
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R.Profit/Sales |
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1.25 |
1.00 |
0.85 |
.. |
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N.Profit/Sales |
1.25 |
0.93 |
0.76 |
0.08 |
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Return On Equity |
.. |
6.14 |
4.21 |
0.49 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
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|
1 |
Rs.86.69 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.