|
Report Date : |
19.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
TERADA MUSICAL CO LTD |
|
|
|
|
Registered Office : |
Heights Higashi-Sakura 2F, 2-17-15 Higashi-Sakura Higashiku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
September 2006 |
|
|
|
|
Com. Reg. No.: |
(Nagoya-Higashiku) 058865 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of guitar |
|
|
|
|
No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TERADA MUSICAL CO LTD
REGD NAME: KK
Terada Gakki
MAIN OFFICE: Heights
Higashi-Sakura 2F, 2-17-15 Higashi-Sakura Higashiku Nagoya 461-0005
Tel: 052-931-2591
URL: N/A
Mfg of guitar
Nil
At the caption
address; (subcontracted)
SHOGO TERADA, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 450 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND UP WORTH Yen 33 M
STARTED 2006 EMPLOYES 50
MFR OF GUITAR.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established
originally in 1950 by father of Okada for making guitar, on his account. Incorporated in 2006. This is a specialized mfr of guitar &
accessories. Goods are also exported.
Financials are only partially
disclosed.
The sales volume for Sept/2011 fiscal term amounted to Yen 450 million,
a 22% up from Yen 370 million in the previous term. Market revived after being substantially
affected by the global economic downturn in the previous term. The net profit was posted at Yen 7 million,
compared with Yen 5 million net profit a year ago.
For the current term ending Sept
2012 the net profit is projected at Yen 8 million, on a 4% rise in turnover, to
Yen 470 million. .
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered:
Sept 2006
Regd No.:
(Nagoya-Higashiku) 058865
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Shogo Terada (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Manufactures
guitars & accessories (--100%).
Clients: [Mfrs,
wholesalers] Fender Japan, Shimamura Music Co, Crooz Inc, other
No. of accounts:
100
Domestic areas of
activities: Centered in greater-Nagoya
Suppliers: [Mfrs,
wholesalers] Aichi Mokuzai Processing Ind, Tokiwa Group, Keiyo Co, other
Payment record: Slow but Correct
Location: Business area in
Nagoya. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Ohtsucho)
Bank of Nagoya
(Aoi)
Relations:
Satisfactory
(In Million Yen)
|
|
|
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
Annual
Sales |
|
470 |
450 |
370 |
500 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
8 |
7 |
5 |
8 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
33 |
26 |
21 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.44 |
21.62 |
-26.00 |
-28.57 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.70 |
1.56 |
1.35 |
1.60 |
|
Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.59 |
|
|
1 |
Rs.87.34 |
|
Euro |
1 |
Rs.70.66 |
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 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.