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Report Date : |
27.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL
BUNKER SERVICES KK |
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|
|
|
Registered Office : |
MLC Kojimachi Bldg, 2-8 Kojimachi Chiyodaku |
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Country : |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
Mar 2005 |
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|
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Supplier of marine fuel & diesel oils, lubricants; ship
agency services, arrangement of bunker surveyors |
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|
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No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
--- |
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 |
INTERNATIONAL BUNKER SERVICES KK
REGD NAME: International
Bunker Services KK
MAIN OFFICE: MLC
Kojimachi Bldg, 2-8 Kojimachi Chiyodaku
Tel:
03-5215-8120 Fax: 03-5215-8121
E-Mail
address: ibs@ibskk.com
Supply
of marine fuel oils, lubricants
Nil
HIDEO
SHIKADA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 18,658 M
PAYMENTS No Complaints CAPITAL Yen
10 M
TREND UP WORTH Yen 32 M
STARTED 2005 EMPLOYES 11
SUPPLIER OF MARINE FUEL OILS AND LUBRICANTS, OWNED BY
DANISH CAPITAL.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject
company was established by a Danish shipping company & bunkering group,
established in 1876, in order to market bunkering fuels and lubricants in
Japan. The firm has three divisions:
supply of marine fuel/diesel oils, lubricants and ship husbanding agency
division. This is a trading firm for
import and supply bunker oils & lubricants for vessels calling Japanese
ports. It also offers agency services
for foreign vessels calling Japan. The
Danish group supplies bunkers & lubricants for vessels world over. It also arranges bunker surveyor from
surveyor companies, such as DNV, SGS & Intertek Caleb Brett. Clients are shipping companies, oil
companies, oil dealers, general trading houses, other, nationwide.
The
sales for Apr/2011 fiscal term amounted to Yen 18,658 million, a 46% up from
Yen 12,402 million in the previous term.
Demand for ship transportation increased. Oil prices hike contributed. The recurring profit was posted at Yen 14
million, and the net profit at Yen 10 million, respectively, compared with Yen
10 million recurring profit and Yen 3 million net loss respectively, a year ago
For
the term that ended Apr 2011 the recurring profit was projected at Yen
50million and the net profit at Yen 20 million, respectively, on a 7% rise in
turnover, to Yen 19,500 million. Final
results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Mar 2005
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
200 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%):
Danish Capital (T. O. Nielsen) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Supplier of marine fuel & diesel
oils, lubricants; ship agency services, arrangement of bunker surveyors
(--100%)
Clients: [Ship owners, ship operators, oil
traders] Royal Dutch Shell, Exxon Mobile, BP,
Sumitomo Corp, Marubeni Corp,
Mitsui & Co, Mitsubishi Corp, other
No. of
accounts: 200
Domestic
areas of activities: Nationwide
Suppliers: [Oil refineries, oil traders, general
trading houses] Group firms, Shinanen Co, Mitsubishi Corp, Sumitomo Corp,
Marubeni Corp, Mitsui & Co, other.
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Hibiya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
|
|
Annual
Sales |
|
19,500 |
18,158 |
12,402 |
8,391 |
|
Recur.
Profit |
|
50 |
40 |
10 |
8 |
|
Net
Profit |
|
20 |
10 |
-3 |
1 |
|
Total
Assets |
|
|
1,971 |
1,054 |
706 |
|
Current
Assets |
|
|
1,925 |
1,009 |
656 |
|
Current
Liabs |
|
|
1,939 |
1,032 |
684 |
|
Net
Worth |
|
|
32 |
22 |
21 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.39 |
46.41 |
47.80 |
-21.22 |
|
|
Current Ratio |
|
.. |
99.28 |
97.77 |
95.91 |
|
N.Worth Ratio |
.. |
1.62 |
2.09 |
2.97 |
|
|
R.Profit/Sales |
|
0.26 |
0.22 |
0.08 |
0.10 |
|
N.Profit/Sales |
0.10 |
0.06 |
-0.02 |
0.01 |
|
|
Return On Equity |
.. |
31.25 |
-13.64 |
4.76 |
|
Notes:
Forecast (or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.07 |
|
|
1 |
Rs.88.95 |
|
Euro |
1 |
Rs.71.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.