MIRA INFORM REPORT
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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
DAINICHI SHOJI CO
LTD |
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Registered Office : |
3-1-26 Hikoshima-Deshimachicho
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Country : |
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Financials (as on) : |
31.01.2012 |
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Date of Incorporation : |
January 1983 |
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Legal Form : |
Limited Company |
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Line of Business : |
Ship Repairing, Painting Works |
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No. of Employees
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15 |
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 24.4 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
DAINICHI SHOJI CO LTD
Dainichi Shoji KK
3-1-26 Hikoshima-Deshimachicho
Tel: 083-266-4734
URL: N/A
Ship
repairing, painting works
Nil
YUKIHITO
ISHII, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 1,013 M
PAYMENTS No
Complaints CAPITAL Yen 49 M
TREND SLOW WORTH Yen 103 M
STARTED 1983 EMPLOYES 15
SHIP REPAIRING & PAINTING WORKS.
FINANCIAL SITUATION CONSIDERED RATEHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 24.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Yukihito
Ishii in order to make most of his experience in the subject line of
business. This is a specialized company
for ship repairing and painting works.
Clients include heavy machinery makers, ship owners, operators, other
Financial are only partially disclosed.
The sales volume for Jan/2011 fiscal term amounted to Yen 1,013 million,
a 2% down from Yen 1,031 million in the previous term. The net profit was posted at Yen 23 million,
compared with Yen 44 million a year ago.
For the term that ended Jan 2012 the net profit was projected at Yen 25
million, on a 4% rise in turnover, to Yen 1,050 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 24.4 million, on 30 days normal terms.
Date Registered: Jan 1983
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
39,200 shares
Issued: 9,800 shares
Sum: Yen 49 million
Major shareholders (%): Yukihito
Ishii (67), Toshiko Ishii (10), Reiko Ikeda (6), Toshiko Ishii (4), Hiroshi
Asano (3)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Ship repairing
& painting works (--100%)
Clients: [Mfrs,
wholesalers] Mitsubishi Heavy Ind, Shimonoseki Shipyard, Shin Nihonkai
Ferry, Willer Travel Inc, Taiheiyo Ferry, other
No. of accounts: 200
Domestic areas of
activities: Centered in Yamaguchi-Pref &
vicinities
Suppliers: [Mfrs,
wholesalers] A&A Material, Basseru Kagaku, Kobe
Tug Hambai, Kuriyama Corp,
other
Payment record: No Complaints
Location: Business area in
Bank References:
Saikyo Bank (Hikoshima)
Yamaguchi
Bank (Hikoshima)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/01/2012 |
31/01/2011 |
31/01/2010 |
31/01/2009 |
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Annual
Sales |
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1,050 |
1,013 |
1,031 |
1,035 |
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Recur.
Profit |
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Net
Profit |
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25 |
23 |
44 |
3 |
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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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103 |
87 |
57 |
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Capital,
Paid-Up |
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49 |
49 |
49 |
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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 |
3.65 |
-1.75 |
-0.39 |
-1.43 |
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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 |
2.38 |
2.27 |
4.27 |
0.29 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2012 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.51.16 |
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1 |
Rs.81.72 |
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Euro |
1 |
Rs.68.34 |
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.