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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
NAGOYA STEEL SUPPLY INC |
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Registered Office : |
3-1313 Hojin
Minatoku |
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Country : |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
May
1979 |
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Com. Reg. No.: |
(Nagoya-Minatoku)
031808 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of steel pipes & coils |
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No. of Employees : |
02 |
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 : |
Small Company |
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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 |
NAGOYA STEEL SUPPLY INC
Nagoya Steel
Supply KK
3-1313 Hojin
Minatoku Nagoya 455-0832 JAPAN
Tel:
052-381-9711 Fax: 052-381-5221
URL: www.bizearch.com
E-mail: (thru the URL)
Export
of steel pipes & coils
Nil
At the
caption address (Warehouse)
YASUSHI
HAYAMA, PRES
Akio Watanabe,
s/mgn dir
Mieko
Hayama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 740 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND SLOW WORTH Yen 630 M
STARTED 1979 EMPLOYES 2
EXPORTER
OF STEEL PIPES & COILS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Yasushi Hayama in order to make
most of his experience in the subject line of business. This is a trading firm, wholly owned by the
Hayama family, for exporting steel pipes & coils. Exporting countries include China, Taiwan,
Korea, Indonesia, Vietnam, Pakistan, other.
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Arp/2011 fiscal term amounted to Yen 740 million, a
10% up from Yen 670 million in the previous term. Exports revived. High Yen, however, hurt sales & profits
in Yen terms. The net profit was posted
at Yen 10 million, compared with Yen 14 million net losses a year ago. .
For the term that ended Apr 2012 the net profit was projected at Yen 15
million, on a 4% rise in turnover, to Yen 770 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: May 1979
Regd No.: (Nagoya-Minatoku) 031808
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen 10
million
Major shareholders (%):
Yasushi Hayama (80), Mieko Hayama (20)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports alloy
steel pipes, coils, carbon steel seamless pipes, carbon steel ERN pipes, other
(--100%)
Clients: [Mfrs,
wholesalers] Exports to Taiwan, China, Korea, Vietnam, Indonesia, Pakistan,
other
No. of accounts:
Unavailable
Domestic areas of activities:
Centered in greater-Nagoya
Suppliers: [Wholesaler] JFE
Shoji Trading (100%).
Payment record: No Complaints
Location: Business area in
Nagoya. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Bank
of Nagoya (Inaei)
Aichi
Bank (Nanyocho)
Relations:
Satisfactory
(In Million Yen)
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30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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770 |
740 |
670 |
1,210 |
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Recur.
Profit |
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Net
Profit |
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15 |
10 |
-14 |
29 |
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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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|
630 |
620 |
634 |
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Capital,
Paid-Up |
|
|
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 |
4.05 |
10.45 |
-44.63 |
10.00 |
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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 |
1.95 |
1.35 |
-2.09 |
2.40 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
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UK Pound |
1 |
Rs.87.85 |
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Euro |
1 |
Rs.70.54 |
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 |
|
---- |
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.