MIRA INFORM REPORT
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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LIKEI INDUSTRY CO LTD |
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Registered Office : |
Hanzomon House
302, 2-5-2 Kojimachi Chiyodaku Tokyo 102-0083 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May
1982 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter
of steel materials |
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No. of Employees
: |
02 |
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 13.2 Million |
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Status : |
Small Company |
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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 |
LIKEI INDUSTRY CO LTD
Rikei Sangyo KK
Hanzomon House
302, 2-5-2 Kojimachi Chiyodaku Tokyo 102-0083 JAPAN
Tel:
03-3221-4654 Fax: 03-3221-4657
URL: www.likei.co.jp
E-mail: boueki@likei.co.jp
Export
of steel materials
Nil
MEGUMI
SHIRAKAWA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 700 M
PAYMENTS No
Complaints CAPITAL Yen 46 M
TREND SLOW WORTH Yen 147 M
STARTED 1982 EMPLOYES 2
EXPORTER
OF STEEL MATERIALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 13.2 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Megumi Shirakawa in order to make
the most of her experience in the subject line of business. This is a trading firm, owned & operated
by the Shirakawa family, for export of steel materials centrally, steel
furniture, cooking wear, other (See OPERATION). Goods are exported centrally to Taiwan,
China, other S/E Asian countries.
Products are supplied from major steel mfrs.
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Mar/2011 fiscal term amounted to Yen 700 million, a
similar amount in the previous term.
Export volumes were increased but the high Yen eroded earnings &
profits in Yen terms. The net profit was
posted at Yen 3 million, similarly in the previous term. .
For the current term ending Mar 2012 the net profit is projected at Yen
3 million, on a 7% rise in turnover, to Yen 750 million. Exports continue increasing. High Yen, however, continues to hurt export
revenues & profits in Yen terms.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 13.2 million, on 30 days normal terms.
Date Registered: May 1982
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 368,000 shares
Issued: 92,000 shares
Sum: Yen
46 million
Major shareholders (%):
Megumi Shirakawa (50), and families (--50)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports steel
materials; imports cook wear, steel furniture, other (--100%)
(Handling items): hot-rolled steel,
cold-rolled steel, galvanized steel, colored steel, plates, beams, slabs,
stainless steel wire, kitchen goods, industrial machinery, other.
clients: [Mfrs,
wholesalers] China Steel Corp, China Steel Structure, China Steel Machinery
Corp, Chung Hung Steel Corp, China Steel Express Corp, China Steel Global
Trading Corp, other
Exports to Taiwan, China, Hong Kong, Thailand, other S/E Asian
countries.
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] JFE Trade Corp, JFE Shoji Trade Steel Corp, Kobe Steel Ltd, Mitsui
& Co, Tokyo Steel Mfg, IHI Corp, Nippon Steel Corp, Sumitomo Corp, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Shinjukudori)
Mizuho
Bank (Shinjuku-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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750 |
700 |
700 |
1,000 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
3 |
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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147 |
144 |
141 |
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Capital,
Paid-Up |
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46 |
46 |
46 |
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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 |
7.14 |
0.00 |
-30.00 |
-23.08 |
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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 |
0.40 |
0.43 |
0.43 |
0.50 |
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Notes:
Financials are only partially disclosed.
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.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.