MIRA INFORM REPORT

 

 

Report Date :

17.03.2012

 

IDENTIFICATION DETAILS

 

Name :

ARAI CO LTD

 

 

Registered Office :

8-10 Kanamachi Gifu 500-8842

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

August 1951

 

 

Com. Reg. No.:

2000-01-000271 (Gifu-Gifu)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of apparel, fabrics, lining, padding cloth, other

 

 

No. of Employees :

41

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 48.9 Million

Status :

Moderate

Payment Behaviour :

No Complaints

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

ARAI CO LTD

REGD NAME:    Arai KK

MAIN OFFICE:  8-10 Kanamachi Gifu 500-8842 JAPAN

Tel: 058-265-2375     

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Import, export, wholesale of apparel, fabrics, lining, padding cloth, other

 

BRANCHES   

 

Tokyo, Osaka

 

FACTORIES

 

(subcontracted)

 

 

OFFICERS

 

KAZUHIRO ARAI, PRES

Eiji Arai, ch

Yasuhiro Arai, dir                                                          

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 2,709 M

PAYMENTS                  NO COMPLAINTS          CAPITAL           Yen 70 M

TREND             SLOW                          WORTH            Yen 230 M

STARTED                     1951                             EMPLOYES      41

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN APPAREL.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 48.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Eiji Arai in order to make most of his experience in the subject line of business.  Kazuhiro is his son.  This is a trading firm for import, export and wholesale of apparel, textiles, lining materials, padding cloth, other.  Clients are local apparel stores, wholesalers, other.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 2,709 million, a 13% down from Yen 3,113 million in the previous term.  The Yen’s strength against US Dollars and Euro hit earnings.  The net profit was posted at Yen 4 million, compared with Yen 11 million a year ago.

 

            For the current term ending Mar 2012 the net profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 2,800 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 48.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 1951

Regd No.:            2000-01-000271 (Gifu-Gifu)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         560,000 shares

Issued:                140,000 shares

Sum:                   Yen 70 million

Major shareholders (%): Nagoya Small & Medium Business Investment & Consultation

Co Ltd (28.5), Eiji Arai (18.5), Uzura (13.5), Kazuhiro Arai (7.5)

No. of shareholders: 12

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

 

 

OPERATION

 

Activities: Imports, exports and wholesales apparel for women & children, textiles, lining materials, padding cloth, other (--100%)

 

Clients: Apparel stores, wholesalers, other in Gifu, Tokyo and Osaka prefectures

No. of accounts: 300

Domestic areas of activities: Gifu, Osaka & Tokyo areas

Suppliers: [Mfrs, wholesalers] Itochu Corp, Iwasaki Sangyo Co, Nitto Boseki Co, other

 

Payment record: No Complaints

 

Location: Business area in Osaka.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Juroku Bank (Ton’yamachi)

Ogaki Kyoritsu Bank (Gifu-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

2,800

2,709

3,113

2,416

Recur. Profit

　

　

　

　

　

Net Profit

　

5

4

11

8

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

230

226

215

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.36

-12.98

28.85

-3.36

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.17

0.15

0.35

0.33

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.