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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
NITTOH LTD |
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Registered Office : |
Daini Tsurumi Bldg 7F, 2-10-34 Kitasaiwai Nishiku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
October 1980 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of brewing machines |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRAs 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 |
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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) |
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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 |
NITTOH LTD
REGD NAME: KK
Nittoh
MAIN OFFICE: Daini
Tsurumi Bldg 7F, 2-10-34 Kitasaiwai Nishiku
Tel:
045-324-8631 Fax: 045-324-8638
*.. Registered
at:3-7-9 Kinuta Setagayaku Tokyo, as given
URL:N/A
Import, wholesale
of brewing machines
Yamanashi
EIICHI NAKATA,
PRES
Toshiko Suzuki,
rep dir
Michio Suzuki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 117 M
PAYMENTS SLOW CAPITAL Yen 20 M
TREND SLOW WORTH Yen
104 M
STARTED 1980 EMPLOYES 6
TRADING FIRM SPECIALIZING IN BREWING MACHINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by M Suzuki in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in import, export and wholesale of wine/shochu brewing
machines. Clients include major brewing
companies.
Financial are only partially
disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 117 million, a
61% down from Yen 302 million in the previous term. The operations plunged into the red to post
Yen 4 million net losses, compared with Yen 14 million net profit a year ago
For the current term ending Dec 2012
the net profit is projected at Yen 1 million, on a 3% rise in turnover, to Yen
120 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Oct
1980
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued: 40,000 shares
Sum: Yen 20 million
Major
shareholders (%): Michio Suzuki (50), Toshiko Suzuki (33), Eiichi Nakata (17)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales beer/shochu brewing machines (100%)
Clients: [Mfrs,
wholesalers] Sanyu Kiki Co, Miyakonojo Syuzo Co, Suntory Wine International,
Hiroshima Miyoshi Winery, Mercian Corp, Shimane Winery, Sanwa Shurui co, other
No. of accounts:
300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Padovan, CME, Feamer, other
Payment record: Slow
Location: Business area in
Bank References:
Yachiyo Bank
(Soshigaya)
Resona Bank
(Soshigaya)
Relations:
Satisfactory
(In Million
Yen)
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Terms Ending: |
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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120 |
117 |
302 |
280 |
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Recur.
Profit |
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Net
Profit |
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1 |
-4 |
14 |
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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104 |
100 |
86 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
2.56 |
-61.26 |
7.86 |
66.67 |
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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 |
0.83 |
-3.42 |
4.64 |
1.79 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
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|
1 |
Rs.86.98 |
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Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
This score serves as a reference to assess SCs 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.