MIRA INFORM REPORT
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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CLS CO LTD |
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Registered Office : |
Pacific Inn 5F, 2-8-5 Nakoji Amagasaki
City Hyogo-Pref 661-0974 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
October 2003 |
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Com. Reg. No.: |
1400-01-052957 (Hyogo-Amagasaki) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of 2x4
housing members & materials |
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No. of Employees
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05 |
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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Maximum Credit Limit : |
Yen 26.4 Million |
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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 – September 30th, 2011
|
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 |
CLS CO LTD
KK C. L.S.
Pacific Inn 5F,
2-8-5 Nakoji Amagasaki City Hyogo-Pref 661-0974 JAPAN
Tel:
06-6495-3612 Fax: 06-6495-3613
URL: N/A
Import,
wholesale of 2x4 housing members & materials
Nil
(subcontracted)
ISAMU
TERAMOTO, PRES
Hayato
Teramoto, s/mgn dir
Yoshie
Teramoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
1,402 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND SLOW WORTH Yen
56 M
STARTED 2003 EMPLOYES 5
TRADING
FIRM SPECIALIZING IN 2X4 HOUSING MEMBERS, MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS, BUT DOUBTFUL FOR CREDIT ENGAGEMENTS: CD$1,580,000.00.
MAX CREDIT LIMIT: YEN 26.4
MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Isamu Teramoto in order to make most
of his experience of about 15 years at a specialized trading house in
Osaka. This is a trading firm, wholly
owned and operated by the Teramoto family, for importing and wholesaling 2x4
housing members and materials. Goods are
imported from Canada, USA, other.
Clients include major housing makers, wholesalers, other.
Financial are only partially disclosed as is the case with family-based
companies.
The sales volume for Apr/2011 fiscal term amounted to Yen 1,402 million,
a 9% down from Yen 1,533 million in the previous term. Housing market was down-pressed. New buildings were limited. Consumer spending was sluggish. The operations plunged into the red to
register Yen 47 million net losses for the term, compared with Yen 22 million
net profit a year ago. Foreign currency
exchange losses were incurred.
For the current term ending Apr 2012 the operations are projected to
come back to profitability to post Yen 20 million net profit, on a 7% rise in
turnover, to Yen 1,500 million. Housing
market has revived slowly.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. The
proposed amount, however, is considered TOO HIGH from the recent financial
status. Max credit limit is estimated at
Yen 26.4 million, on 30 days normal terms.
Date Registered: Oct 2003
Regd No.: 1400-01-052957 (Hyogo-Amagasaki)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Hayato Teramoto (140), Isamu
Teramoto (60)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales 2x4 housing members & materials (--100%).
Clients: [Mfrs,
wholesalers] Valor Co & Ltd, Mitsubishi Estate Housing Components Co, Next
Co Ltd, Japan Kenzai Co, Sojitz Building Materials Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Mitsubishi Estate Housing Components Co, Next Co, Sojitz Building materials
Corp, Japan Kenzai Co, Oji Forest & Products Co, Taiki Industry Co, other
Payment record: No Complaints
Location: Business area in
Amagasaki, Hyogo-Pref. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Sonoda)
Resona
Bank (Amagasaki-Kita)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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1,500 |
1,402 |
1,533 |
1,590 |
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Recur.
Profit |
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Net
Profit |
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20 |
-47 |
22 |
7 |
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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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56 |
103 |
81 |
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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 |
6.99 |
-8.55 |
-3.58 |
11.11 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.33 |
-3.35 |
1.44 |
0.44 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.66.52 |
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.