MIRA INFORM REPORT
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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SANWA SANGYO CO LTD |
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Registered Office : |
New Itabashi Mansion, 3-10 Ooyama-Higashicho Itabashiku Tokyo 173-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April
1954 |
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Com. Reg. No.: |
0114-01-002760
(Tokyo-Itabashiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of machine tools, hydraulic
equipment |
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No. of Employees
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56 |
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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Maximum Credit Limit : |
Yen 176.4 Million |
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Status : |
Satisfactory |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
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 |
SANWA SANGYO CO LTD
Sanwa Sangyo KK
New Itabashi
Mansion, 3-10 Ooyama-Higashicho Itabashiku Tokyo 173-0014, JAPAN
Tel:
03-3964-9111
Fax: 03-3962-7924
*.. The given address is its sales division in Saitama
URL: http://www.2odn.ne.jp/n-sanwa-sangyo
E-Mail address: honsha-el@n-sanwa-sangyo.co.jp
Import, export, wholesale of machine tools, hydraulic equipment
Saitama,
Nagoya, Osaka, Ota, Chiba, Nagano
Shanghai
(group
makers)
KIYOMITSU TABATA, PRES Katsue Hido, s/mgn dir
Seiichi
Yoshino, mgn dir Etsuhiro
Sumida, dir
Shoji
Numata, dir Akihiro
Sawabe, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 8,177 M
PAYMENTS No Complaints CAPITAL Yen
30 M
TREND UP WORTH Yen 1,729 M
STARTED 1954 EMPLOYES 56
TRADING FIRM SPECIALIZING IN INDUSTRIAL EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 176.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Saitama Kiki Co Ltd, of Nishiumi Group, as a trading division of the group firms. The group consists of 6 firms in the line of mfg/business of automotive parts, industrial parts, machine tools, other. This is a trading firm specializing in import, export and wholesale of automotive parts/equipment, industrial equipment, machine tools, hydraulic equipment, other. Clients include auto makers, machine tool makers, other.
The sales volume for Mar/2011 fiscal term amounted to Yen 8,177 million, a 35% up from Yen 6,060 million in the previous term. This is attributed to the robust demand for machine tools, including exports and imports. The recurring profit was posted at Yen 205 million and the net profit at Yen 117 million, respectively, compared with Yen 53 million recurring profit and Yen 30 million net profit, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected at Yen 210 million and the net profit at Yen 120 million, respectively, on a 4% rise in turnover, to Yen 8,500 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 176.4 million, on 30 days normal terms.
Date Registered: Apr
1954
Regd No.: 0114-01-002760 (Tokyo-Itabashiku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,360 shares
Sum: Yen 30.18 million
Major shareholders (%): Eiichi Nishiumi (18), Harue
Ogawa (14), Kiyomitsu Tabata (8)
No. of shareholders: 22
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales: machine tools for metal working, hydraulic equipment (pumps, valves, motors, unit equipment), automotive parts, construction equipment, others (--100%)
Clients: [Mfrs, wholesalers] Kato Works, Hitachi Construction Machinery, Hino Motors, Miwa Seiki Co, Saitama Kiki Co, Tokyu Car Corp, Nippon Sharyo Ltd, Nisshinbo Holdings, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mori Seiki Co, Makino Seiki Co, Komatsu Electric Ind, Miwa Seiki Co, Saitama Kiki Co, Takisawa Machine Tools, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Oyama-Ekimae)
SMBC
(Ikebukuro)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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8,500 |
8,178 |
6,060 |
11,785 |
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Recur.
Profit |
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210 |
205 |
53 |
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Net
Profit |
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120 |
117 |
30 |
234 |
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Total
Assets |
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4,861 |
3,765 |
5,133 |
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Current
Assets |
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4,132 |
3,028 |
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Current
Liabs |
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3,032 |
2,047 |
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Net
Worth |
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1,729 |
1,617 |
1,593 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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Div.Ttl
in Million(¥) |
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3 |
6 |
6 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.94 |
34.95 |
-48.58 |
-22.73 |
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Current Ratio |
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.. |
136.28 |
147.92 |
.. |
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N.Worth Ratio |
.. |
35.57 |
42.95 |
31.03 |
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R.Profit/Sales |
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2.47 |
2.51 |
0.87 |
.. |
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N.Profit/Sales |
1.41 |
1.43 |
0.50 |
1.99 |
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Return On Equity |
.. |
6.77 |
1.86 |
14.69 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 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.49.90 |
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UK Pound |
1 |
Rs.78.15 |
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Euro |
1 |
Rs.65.09 |
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 |
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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.