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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ESPOIR CO LTD |
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Registered Office : |
82-3 Shimokahara Tokiwamachi-Nishimuki Tamura |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
November
1988 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of knit wear |
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No. of Employees : |
135 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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) |
|
|
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 |
ESPOIR CO LTD
KK Espoir
82-3 Shimokahara
Tokiwamachi-Nishimuki Tamura
Tel:
0247-77-2700 Fax: 0247-77-2701
URL: http://www.espoir-gr.co.jp
E-Mail address: motomi_sugiyama@espoir-gr.co.jp
Mfg of
knit wear
TAKASHI
SAKUMA, PRES Motomi Sugiyama, ch
Naoyuki
Sugiyama, s//mgn dir Michiko Sugiyama,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,417 M
PAYMENTS No
Complaints CAPITAL Yen 41 M
TREND UP WORTH Yen 477 M
STARTED 1988 EMPLOYES 135
MFR OF KNIT WEAR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Motomi Sugiyama in
order to make most of his experience in the subject line of business. This firm specializes in making knit wear for
men & women. Knit wears include
underwear, too. Has a factory in
The sales volume for Mar/2011 fiscal term amounted to Yen
3,417 million, a 25% up from Yen 2,717 million in the previous term. Production in
For the term that ended Mar 2012 the recurring profit was projected at Yen 120 million and the net profit at Yen 70 million, respectively, on a 3% rise in turnover, to Yen 3,520 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1988
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,656 shares
Issued:
414 shares
Sum: Yen 41.4 million
Major shareholders (%): Motomi Sugiyama (79), Takashi Sakuma (10), Michiko Sugiyama (5), Naoyuki
Sugiyama ‘(4), Hiromitsu Sakuma (2)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures knit wear (100%)
Clients: [Mfrs, wholesalers] Mizuno Corp, Gunze Co, Mitsubishi Corp, Toyota Tsusho Corp, Xebio Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Toray Ind, Toyobo Ltd, Nagoya Boseki, Shimada Shoji Co, other
Payment record: No Complaints
Location:
Business area in
Bank References:
Fukushima
Bank (Funabiki)
Toho
Bank (Funabiki)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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3,520 |
3,417 |
2,737 |
2,948 |
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Recur.
Profit |
|
120 |
116 |
115 |
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Net
Profit |
|
70 |
69 |
80 |
63 |
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Total
Assets |
|
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1,887 |
1,484 |
1,521 |
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Current
Assets |
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1,177 |
920 |
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Current
Liabs |
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|
804 |
843 |
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Net
Worth |
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|
477 |
414 |
340 |
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Capital,
Paid-Up |
|
|
41 |
41 |
41 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.01 |
24.84 |
-7.16 |
1.31 |
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Current Ratio |
|
.. |
146.39 |
109.13 |
.. |
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N.Worth Ratio |
.. |
25.28 |
27.90 |
22.35 |
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R.Profit/Sales |
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3.41 |
3.39 |
4.20 |
.. |
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N.Profit/Sales |
1.99 |
2.02 |
2.92 |
2.14 |
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Return On Equity |
.. |
14.47 |
19.32 |
18.53 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
|
1 |
Rs.88.91 |
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Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<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.