MIRA INFORM REPORT

 

 

Report Date :           

03.05.2012

 

IDENTIFICATION DETAILS

 

Name :

CONTINENTAL FAR EAST INC

 

 

Registered Office :

Continental Bldg, 3-18-9 Roppongi Minatoku Tokyo 106-0032

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

February 1965

 

 

Com. Reg. No.:

0104-01-062603

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of audio visual products, automotive parts & machine tools

 

 

No. of Employees :

27

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

CONTINENTAL FAR EAST INC

 

 

REGD NAME

 

Continental Far East KK

 

 

MAIN OFFICE

 

Continental Bldg, 3-18-9 Roppongi Minatoku Tokyo 106-0032 JAPAN

Tel: 03-3583-5000      Fax: 03-3583-5008

                                               

URL:                 http://www.google.co.jp/continental-far-east/

E-Mail address:            info@cfe.co.jp

 

 

ACTIVITIES

 

Import, wholesale of audio visual products, automotive parts & machine tools

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

ATSUSHI SUZUKI, PRES           Kazuko Suzuki, dir

Nami Kondoh, dir                       Shin’ichiro Suzuki, dir                                                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 1,650 M

PAYMENTS                  No Complaints          CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 214 M

      STARTED               1965                             EMPLOYES      27

 

COMMENT

 

TRADING FIRM SPECIALIZING IN AUDIO VISUAL PRODUCTS & PARTS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Atsushi Suzuki in order to make most of his experience in the subject line of business.  This is a trading firm, owned and operated by the Suzuki family, for import, export and wholesale of audio visual products & parts, automotive parts & machine tools, other.  Clients include broadcasting companies, studios, TV companies, other.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Sept/2011 fiscal term amounted to Yen 1,650 million, a 3% down from Yen 1,700 million in the previous term.  The net profit was posted at Yen 13 million, compared with Yen 20 million a year ago.

 

For the current term ending Sept 2012 the net profit is projected at Yen 15 million, on a 3% rise in turnover, to Yen 1,700 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:           Feb 1965

Regd No.:          0104-01-062603

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240,000 shares

Issued:                60,000 shares

Sum:                   Yen 30 million

 

Major shareholders (%): Atsushi Suzuki (50), Kazuko Suzuki (10), Nami Kondoh (10)

 

No. of shareholders: 6

 

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales audio visual equipment & products (studio monitors, loud speakers, other), automotive parts & components, machine tools, others (--100%)

 

Clients: [Broadcasting firms, mfrs, wholesalers] NHK, Victor Arcs Co, Covalent Sales Corp, Xebex Inc, Nippon Columbia Co, Sony BCL, TBS TV, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Dolby Laboratories, GTE, EAW, Becker Group, Zingali, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Roppongi)

SMBC (Akasaka)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

1,700

1,650

1,700

1,700

Recur. Profit

　

　

　

　

　

Net Profit

　

15

13

20

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

214

201

181

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.03

-2.94

0.00

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

     N.Profit/Sales

0.88

0.79

1.18

0.59

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.93

UK Pound

1

Rs.85.85

Euro

1

Rs.69.94

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.