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Report Date : |
01.08.2013 |
IDENTIFICATION DETAILS
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Name : |
NIHON NETWORK CO LTD |
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Registered Office : |
TOC Bldg 7F, 7-22-17 Nishigotanda Shinagawaku Tokyo 141-0031 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April, 1993 |
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Com. Reg. No.: |
0107-01-019954 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of clothing, clothing accessories |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s 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 |
COMPANY NAME
NIHON NETWORK CO
LTD
REGD NAME
KK Nippon Network
MAIN OFFICE
TOC Bldg 7F, 7-22-17 Nishigotanda Shinagawaku Tokyo 141-0031 JAPAN
Tel: 03-5437-6214 Fax:
03-5437-6313
URL: http//:www.nnwk.co.jp
E-mail: nnw@sage.ocn.ne.jp
ACTIVITIES
Import, wholesale of clothing, clothing accessories
BRANCHES
Bangkok, New Delhi
FACTORIES
(subcontracted)
OFFICER(S)
SATOSHI KAWANISHI, PRES
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 500 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 141 M
STARTED 1993 EMPLOYES 10
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN CLOTHING & ACCESSORIES
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
MAX CREDIT LIMIT: YEN 9.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Satoshi Kawanishi in order to
make most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of clothing & clothing accessories. Goods are imported from India, Thailand, and
other S/E Asian countries. Has branch
offices at: Bangkok & New Delhi for procurement of the goods. Goods are shipped to major chain stores,
large volume discount stores, wholesalers, centering in greater-Tokyo region.
FINANCIAL
INFORMATION
Financials are only partially disclosed.
Profits are not precisely disclosed and are only estimated.
The sales volume for Mar/2013 fiscal term amounted to Yen 500 million, a
similar amount
in the previous term. The net
profit is believed posted at Yen 10 million, similarly in the previous term.
For the current term ending Mar 2014 the net profit is projected at Yen
11million, on a 5% rise in turnover, to Yen 525 million.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 9.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1993
Regd No.: 0107-01-019954
(Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders
(%):
Satoshi Kawanishi (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and
wholesales clothing, clothing accessories, cosmetics, interior goods, other
(--100%).
Goods are imported from India, Thailand, other.
Clients: [Mfrs,
wholesalers, chain stores] Tokyu Hands, Don Quijote, Masuda Masu, Jeans Mate,
other.
No. of accounts: 300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers]
Imports from India, Indonesia, Thailand, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kaminagatami)
Mizuho Bank (Gotanda)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual Sales |
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525 |
500 |
500 |
500 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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11 |
10 |
10 |
10 |
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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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141 |
131 |
121 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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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 |
5.00 |
0.00 |
0.00 |
0.00 |
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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 |
2.10 |
2.00 |
2.00 |
2.00 |
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Notes: Financials are only partially disclosed. Net profits are not precisely disclosed and
only estimated.
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
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 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.