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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
MY SUCCESS CORP |
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Registered Office : |
861 Maebayashi Narita City Chiba-Pref
287-0222 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
Jul 2006 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Wholesale of Fresh Cut
Flowers, Foliage |
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No. of Employees : |
8 |
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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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
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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 |
MY SUCCESS CORP
My Success KK
861 Maebayashi
Narita City Chiba-Pref 287-0222 JAPAN
Tel:
0476-49-3373
Fax: 0476-49-3378
URL: N/A
Import,
wholesale of fresh cut flowers, foliage
Nil
MASAYUKI
AOKI, PRES
Michiaki
Hara, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 1,200 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen
62 M
STARTED 2006 EMPLOYES 8
IMPORTER OF FRESH CUT FLOWERS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT GOOD FOR CREDIT ENGAGEMENTS: US$80,000.00.
The subject company was established
by Michiaki Hara in order to make most of his experience in the subject line of
business. This is a trading firm for
import and wholesale of fresh cut flowers & foliage. Flowers are imported from Ecuador, Australia,
Asia, USA, Europe, other. Clients
include local flower shops, flower markets, other.
Financial are only partially disclosed.
The
sales volume for Mar/2011 fiscal term amounted to Yen 1,200 million, a similar
amount in the previous term. The net
profit is believed posted at Yen 60 million, similarly in the previous
term. Profits were not precisely
disclosed.
For
the term that ended Mar 2012 the net profit was projected at Yen 65 million, on
an 8% rise in turnover, to Yen 1,300 million.
The March Earthquake created additional demand for flowers. Final results are yet to be released.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. The proposed amount is considered within the firm’s
financial capacities.
Date Registered: Jul
2006
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Masayuki Aoki (50), Michiaki
Hara (50)
No. of shareholders : 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales fresh cut
flowers, foliage, other (--100%)
Clients: Flower markets, flower shops,
consumers, other
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Growers, wholesalers] Imports from
Ecuador, Australia, Brazil, USA, Europe, China, S/E Asia, other.
Payment record: Slow
But Correct
Location:
Business area in Narita. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
MUFG
(Narita-Kuko)
Keiyo
Bank (Narita)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
|
1,300 |
1,200 |
1,200 |
1,280 |
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Recur.
Profit |
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Net
Profit |
|
17 |
15 |
15 |
17 |
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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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|
62 |
47 |
32 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
8.33 |
0.00 |
-6.25 |
60.00 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.31 |
1.25 |
1.25 |
1.33 |
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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.53.72 |
|
UK Pound |
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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 |
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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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.