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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PIONEER TRADING CO LTD |
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Registered Office : |
1-88-2 Akanabe-Ohkawa |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
December 1974 |
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Com. Reg. No.: |
2000-01-004151 (Gifu-Gifu) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of machine tool parts & equipment |
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No. of Employees : |
9 |
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 : |
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
|
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 |
PIONEER TRADING CO LTD
REGD NAME: Pioneer
Boeki KK
MAIN OFFICE: 1-88-2
Akanabe-Ohkawa
Tel:
058-274-0341 Fax: 058-273-7102
URL: http://www.ptc-pioneer.co.jp
E-Mail address: sales@ptc-pioneer.co.jp
Import, export,
wholesale of machine tool parts & equipment
Nil
YOSHIHARU
KIRIYAMA, PRES
Seishi Kiriyama, v
pres
Tomio Kiriyama,
mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 450 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 17 M
TREND SLOW WORTH Yen 276 M
STARTED 1974 EMPLOYES 9
TRADING FIRM SPECIALIZING IN MACHINE TOOL PARTS & EQUIPMENT.
FINANCIAL SITUATION CONSIDERED RATHER WEAK AND
DOUBTFUL FOR CREDIT ENGAGEMENTS: US$1,250,000 / O/A 60 DAYS.
The subject company was established
by Tomio Kiriyama in order to make most of his experience in the subject line
of business. He also operates the mfg
company, Pioneer Machine Tool Inc, at the caption address (See REGISTRATION). Tomio Kiriyama is concurrently pres at the
parent. This is a trading firm for
import, export and wholesale of machine tools parts & equipment. Clients include machine tools makers,
wholesalers, other
Financial are only partially
disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 450 million, a
similar amount in the previous term. In
2009 the firm restructured by withdrawing from unprofitable operations and
sales kept shrinking. The net profit was
posted at a minimum amount post-taxes, similarly in the previous term.
For the term that ended Mar 2012 the
net profit was projected at Yen 10 million, on a similar turnover, at Yen 450
million. 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, however, is considered
TOO HIGH from the recent financial status.
Date Registered: Dec
1974
Regd No.:
2000-01-004151 (Gifu-Gifu)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 140,000 shares
Issued: 35,000 shares
Sum: Yen 17.5 million
Major
shareholders (%): Tomio Kiriyama (100)
*.. Mfr of machine tools & attachments,
at the caption address, founded 1979, capital
Yen 10 million, sales Yen 610 million,
employees 17, pres Tomio Kiriyama, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales machine tools parts & equipment: super high precision
diaphragm chuck, high precision air chuck, air feed tube assembly, hydraulic
booster, broken tool sensors, jaw for diaphragm chuck rotary wiper, other
(--100%)
Clients: [Mfrs,
wholesalers] High Tech Precision, Nikken High Tech, IMU, Maquinser, NCMT, other
No. of accounts:
200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] OSG Agency, Shimada Machinery Co, Tsudakoma Corp, Weinman, DSP,
HPI, TBS Inc, other
Payment record: No complaints
Location: Business area in
Bank
References:
Mizuho Bank (
Gifu Shinkin Bank
(
Relations:
Satisfactory
(In Million Yen)
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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450 |
450 |
450 |
620 |
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Recur.
Profit |
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Net
Profit |
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10 |
0 |
0 |
20 |
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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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276 |
276 |
276 |
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Capital,
Paid-Up |
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17 |
17 |
17 |
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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 |
0.00 |
0.00 |
-27.42 |
-7.46 |
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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 |
2.22 |
0.00 |
0.00 |
3.23 |
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Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 31/03/2012 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.54.88 |
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1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
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.