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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SUN MARIX CO LTD |
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Registered Office : |
2-4-1 Terauchi Toyonaka Osaka-Pref 561-0872 |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
November
1984 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of steels, steel products |
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No. of Employees : |
04 |
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 : |
Slow |
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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 |
SUN MARIX CO LTD
KK Sun Marix
2-4-1 Terauchi
Toyonaka Osaka-Pref 561-0872 JAPAN
Tel:
06-6867-6600 Fax: 06-867-6601
URL: N/A
Export
of steels, steel products
Nil
MITSUHIRO
IWAMOTO, PRES
Reiko Iwamoto, dir
Yasuhiro
Sobajima, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 2,700 M
PAYMENTS Slow
CAPITAL Yen 61 M
TREND SLOW WORTH Yen 178 M
STARTED 1984 EMPLOYES 4
EXPORTER SPECIALIZING IN STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Mitsuhiro Iwamoto in order to
make most of his experience in foreign trading. He owns 81.2% of the company’s share. This is a trading firm,
owned by the Iwamoto family, specializing in exporting steels and steel
products. Main destination is
The sales volume for Sept/2011 fiscal term amounted to Yen 2,700
million, a 4% down from Yen 2,800 million in the previous term. This is just because of the high Yen
decreasing revenues in Yen terms. The
net profit was posted at Yen 7 million, compared with Yen 9 million a year ago.
For the current term ending Sept 2012 the net profit is projected at Yen
8 million, on a 3% rise in turnover, to Yen 2,780 million.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date Registered: Nov 1984
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,800 shares
Issued:
1,232 shares
Sum: Yen 61.6 million
Major shareholders (%): Mitsuhiro Iwamoto (81.2), Reiko
Iwamoto (16.2), Yasuhiro Sobajima (2.6)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports
steels and steel products (--100%)
Clients:
[Mfrs, wholesalers] Exports to
No. of accounts: Unavailable
Domestic areas of activities:
Centered in greater-Osaka
Suppliers: Steel
mfrs, wholesalers, general trading houses, other
Payment record: slow
Location:
Business area in
Bank References:
MUFG
(Osaka-Nishi)
Mizuho
Bank (Namba)
Relations:
Satisfactory
(In Million Yen)
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30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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2,780 |
2,700 |
2,800 |
2,200 |
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Recur.
Profit |
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Net
Profit |
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8 |
7 |
9 |
3 |
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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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178 |
171 |
162 |
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Capital,
Paid-Up |
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61 |
61 |
61 |
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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 |
2.96 |
-3.57 |
27.27 |
-26.67 |
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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 |
0.29 |
0.26 |
0.32 |
0.14 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 30/09/2012 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.56.99 |
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1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
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.