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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MAIDO CORPORATION |
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Registered Office : |
8-3-10
Isogamidori Chuoku |
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Country : |
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Financials (as on) : |
30.11.2011 |
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Date of Incorporation : |
December
2003 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of industrial chemicals |
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No. of Employees : |
06 |
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
|
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 |
MAIDO CORPORATION
KK Maido
8-3-10 Isogamidori
Chuoku
Tel:
078-200-3520 Fax: 078-200-3521
URL: N/A
Export
of industrial chemicals
Nil
KAZUHIRO
TAKASHIMA, PRES
Akiko
Tatekawa, dir
Hitoaki
Sasaki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 1,550 M
PAYMENTS Slow
CAPITAL Yen 10 M
TREND UP WORTH Yen 83 M
STARTED 2003 EMPLOYES 6
TRADING FIRM SPECIALIZING FOR INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Kazuhiro Takashima in
order to make most of his experience in the subject line of business. This is a trading firm for export of
industrial chemicals, rubber chemicals, other.
Exports to
Financials are only partially disclosed.
The sales volume for Nov/2011 fiscal term amounted to Yen 1,550 million, a 3% down from Yen 1,600 million in the previous term. The high Yen hurt export revenues in Yen terms. The net profit was posted at 5 million, compared with Yen 6 million a year ago.
For the current term ending Nov 2012 the net profit is projected at Yen 6 million, on a 3% rise in turnover, to Yen 1,600 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
Date Registered: Dec 2003
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Kazuhiro Takahashi (60), Akiko
Tatekawa (40)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports industrial chemicals, rubber chemicals, other (--100%)
Clients: [Mfrs,
wholesalers] Exports to
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Mitsubishi Chemical, Mitsui Chemical, Daicel Chemical Ind, Sanyo Chemical Ind, other
Payment record: Slow
Location:
Business area in
Bank References:
SMBC (
Minato Bank (H/O)
Relations: Satisfactory
(In Million Yen)
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30/11/2012 |
30/11/2011 |
30/11/2010 |
30/11/2009 |
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Annual
Sales |
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1,600 |
1,550 |
1,600 |
1,500 |
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Recur.
Profit |
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Net
Profit |
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6 |
5 |
6 |
5 |
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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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83 |
78 |
72 |
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Capital,
Paid-Up |
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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 |
3.23 |
-3.13 |
6.67 |
-26.83 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.38 |
0.32 |
0.38 |
0.33 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/11/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
|
1 |
Rs.88.91 |
|
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 |
|
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.