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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
KURUME VEGETABLE BREEDING CO LTD |
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Registered Office : |
1422-1 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
January 1962 |
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Com. Reg. No.: |
2900-01-048707 (Fukuoka-Kurume) |
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Legal Form : |
Limited Company |
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Line of Business : |
Production o cucumber breeds, seeds |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 March 31st, 2012
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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 |
KURUME VEGETABLE BREEDING CO LTD
REGD NAME: KK
MAIN OFFICE: 1422-1
Fujita Arakimachi
Tel:
0942-26-2943 Fax: 0943-26-3235
URL: http://www.kurume-gensyu.co.jp
E-Mail address: t-kawasaki@kurume-genshyu.co.jp
Production o
cucumber breeds, seeds
Fukushimaku (2),
Saitama,
At the caption
address,
KAZUKO
Takeshi Kawasaki,
v pres
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 338 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 30 M
TREND UP WORTH Yen 504 M
STARTED 1962 EMPLOYES 35
BREEDER OF CUCUMBER SEEDS & BREEDS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$100,000.00.
The subject company was established
by M Kawasaki in order to make most of his experience in the subject line of
business. Kazuko is his wife. This company is specialized in production of
cucumber breeds and seeds. Goods are
both imported and exported. Clients are
vegetable breeding houses, other.
Financial are only partially
disclosed.
The sales volume for Dec/2010 fiscal term amounted to Yen 338 million, a
27% up from Yen 266 million in the previous term. Imports and exports were robust. The net profit was posted at Yen 20 million,
compared with Yen 46 million a year ago.
For the term that ended Dec 2011 the
net profit was projected at Yen 20 million, on a 3% rise in turnover, to Yen
350 million. Final results are yet to be
released.
The financial situation is considered FAIR
and good for ORDINARY business engagements. The proposed amount is considered
within the firms financial capacities.
Date Registered: Jan 1962
Regd No.:
2900-01-048707 (Fukuoka-Kurume)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major
shareholders (%): Kazuko Kawasaki (29), Hisaiku Shubyo (24), Takeshi Kawasaki (7)
No. of shareholders: 30
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Production,
breeding of cucumber breeds & seeds (--100%)
Clients: Vegetable
breeders, other
No. of accounts:
300
Domestic areas of
activities: Centered in Fukuoka-Pref
Suppliers: [Mfrs,
wholesalers] DNP Nishinippon, contracted farmers, other
Payment record: No Complaints
Location: Business area in
Bank References:
Nishinippon City
Bank (
Relations:
Satisfactory
(In
Million Yen)
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Terms Ending: |
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31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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350 |
338 |
266 |
256 |
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Recur.
Profit |
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Net
Profit |
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20 |
20 |
46 |
15 |
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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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504 |
484 |
438 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
3.55 |
27.07 |
3.91 |
6.67 |
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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 |
5.71 |
5.92 |
17.29 |
5.86 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2011 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.53.64 |
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1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.28 |
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 |
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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.