MIRA INFORM REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MARUO & CO LTD

 

 

Registered Office :

4-1-7 Osaki Shinagawaku Tokyo 141-0032

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

August 1974

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of coffee making machines, coffee beans crushing machines

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

MARUO & CO LTD

 

 

REGD NAME

 

Maruo Shokai KK

 

 

MAIN OFFICE

 

4-1-7 Osaki Shinagawaku Tokyo 141-0032 JAPAN

Tel: 03-3491-6156      Fax: 03-3493-1024

                                               

URL:                 http://www.maruo-tokyo.co.jp

E-Mail address:            maruo@maruo-tokyo.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of coffee making machines, coffee beans crushing machines

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

SUSUMU MARUO, PRES

Hiroshi Kizawa, dir

Ayako Maruo, dir                                                          

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        WEAK              A/SALES          Yen 62 M

PAYMENTS      Unknown       CAPITAL           Yen 10 M

TREND SLOW              WORTH            Yen (-) 53 M

STARTED         1974                 EMPLOYES      5

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN COFFEE MAKING MACHINES.

 

FINANCIAL SITUATION CONSIDERED WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Susumu Maruo in order to make most of his experience in the subject line of business.  This is a trading firm specializing in importing and wholesaling coffee making machines, coffee beans crushing machines, their attachments & supplies, such as filter papers, decanters, other.  Clients include major coffee shops, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed as from the 31/07/2009 fiscal term..

 

The sales volume for Jul/2011 fiscal term amounted to Yen 62 million, a 25% down from Yen 83 million in the previous term.  The operations continued in the red to register Yen 48 million net losses for the term, compared with Yen 8 million net losses a year ago.  A large sum of extraordinary losses was incurred pertaining to inventories, as reported.

 

For the current term ending Jul 2012 the operations are expected to come back to profitability but still limited to a minimum amount post-taxes, on a 5% rise in turnover, to Yen 65 million.

 

The financial situation is considered WEAK but should be good for MODERATE business engagements. 

 

 

REGISTRATION

 

Date Registered:  Aug 1974

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

Major shareholders (%): Susumu Maruo (60), Hiroshi Kizawa (15)

No. of shareholders: 5

 

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

 

 

OPERATION

           

Activities: Imports and wholesales coffee making machines, coffee beans crushing machines, their attachments & supplies, such as filter papers, decanters, other (--100%)

 

Clients: [Coffee shops, wholesalers] UCC Ueshima Coffee Co, Kalita Co, First Kitchen Ltd, other

            No. of accounts: 100

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] World Net Food Service, Wilbur Curtis, other

 

Payment record: Unknown 

 

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

 

Bank References:

Higashi Nippon Bank (Osaka)

Resona Bank (Gotanda)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

　

　

31/07/2012

31/07/2011

31/07/2010

31/07/2009

Annual Sales

　

65

62

83

82

Recur. Profit

　

　

　

　

　

Net Profit

　

0

-48

-8

-12

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

-53

-5

3

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.84

-25.30

1.22

-4.65

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.00

-77.42

-9.64

-14.63

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.84

 

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.