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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SOEI CO LTD |
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Registered Office : |
3-17-37 Kamikita
Hiranoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September
1978 |
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Com. Reg. No.: |
1200-01-020659
(Osaka-Hiranoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import
of furniture |
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No. of Employees : |
01 |
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 : |
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
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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 |
SOEI CO LTD
KK Soei
3-17-37 Kamikita
Hiranoku
Tel:
06-6791-2285 Fax: 06-6791-5981
URL: www.sogokagu.co.jp (Of the parent)
E-mail: info@sogokagu.co.jp
Import
of furniture
Nil
TADAHIRO
SHIGEMI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 320 M
PAYMENTS No Complaints CAPITAL Yen 10 M
TREND UP WORTH Yen 132 M
STARTED 1978 EMPLOYES 1
IMPORTER
OF FURNITURE.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established on the basis of a
trading division separated from Sogokagu Co Ltd, mfg of furniture at the
caption address (See REGISTRATION). Tadahiro Shigemi is concurrently pres at the
parent. This is a trading division of
Sogokagu Co and imports furniture from Europe centrally, and
Financials are only partially disclosed.
The sales volume for Mar/2012 fiscal term amounted to Yen 320 million, a 7% up from Yen 300 million in the previous term. A large lot orders were received from furniture chain stores. The net profit was posted at Yen 16 million, compared with Yen 4 million a year ago. .
For the current term ending Mar 2013 the net profit is projected at Yen 17 million, on a 3% rise in turnover, to Yen 330 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Sept 1978
Regd No.: 1200-01-020659 (Osaka-Hiranoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen 10
million
Major shareholders (%):
Sogokagu Co Ltd* (90%), Tadahiro Shigemi (10%)
No. of shareholders: 2
*.. Mfr of furniture at the caption address, founded 1966, capital Yen 24 million, sales Yen 2,140 million, employees 56, pres Tadahiro shimeji, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales furniture: tables, chairs, sofa, other (--100%)
Clients: [Mfr] Goods are wholly shipped to the parent, Sogokagu Co Ltd
No. of accounts: 1
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Kindai Co, Yamaoka Wood Industry, Asahi-Sofu Co, other.
Imports from:
Payment record: No Complaints
Location: Business
area in
Bank References:
SMBC
(Hirano)
Resona
Bank (Tanabe)
Relations:
Satisfactory
(In Million Yen)
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31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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330 |
320 |
300 |
300 |
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Recur.
Profit |
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Net
Profit |
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17 |
16 |
4 |
5 |
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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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132 |
116 |
112 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
3.13 |
6.67 |
0.00 |
-25.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
5.15 |
5.00 |
1.33 |
1.67 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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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 : |
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.