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Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
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Name : |
ART INTERNATIONAL CO LTD |
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Registered Office : |
6-23-7 Aoi Adachiku Tokyo 121-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
September, 1994 |
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Com. Reg. No.: |
0118-02-03006 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of apparel, fabrics, upholstery, craft goods, all
from India |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRA’s 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 |
COMPANY NAME
ART INTERNATIONAL
CO LTD
REGD NAME
YK Art International
MAIN OFFICE
6-23-7 Aoi Adachiku Tokyo 121-0012 JAPAN
Tel: 03-3889-0111 Fax: 03-3889-0114
*.. Moved to the caption address from the one as given
URL: http//:www.art-indo.com
E-mail: info@art-indo.com
ACTIVITIES
Import, wholesale of apparel, fabrics, upholstery, craft goods, all from
India
BRANCHES
Nil
OFFICER(S)
MUNINDRA KUMAR PANDA, PRES
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 250 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 3 M
TREND UP WORTH Yen 63 M
STARTED 1994 EMPLOYES 9
COMMENT
TRADING FIRM SPECIALIZING IN APPAREL & FABRICS
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 4.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by M K Panda, an Indian resident, in
order to make most of his experience in foreign trading. This is a trading firm specializing in import
and wholesale of apparel, interior fabrics, folk arts, other, all from India. Goods are shipped to department stores,
supermarkets, specialty stores, other.
FINANCIAL
INFORMATION
Financials are only partially disclosed.
Profits are not precisely disclosed and are only estimated.
The sales volume for Dec/2012 fiscal term amounted to Yen 250 million, a
4% up from Yen 240 million in the previous term. Imports increased. The net profit is believed posted at Yen 6
million, compared with yen 5 million a year ago. .
For the current term ending Dec 2013 the net profit is projected at Yen
7 million, on a 4% rise in turnover, to Yen 260 million. Weaker Yen may increase import revenues in
Yen terms.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max credit
limit is estimated at Yen 4.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept
1994
Regd No.: 0118-02-03006
(Tokyo-Adachiku)
Legal Status: Private Limited Company
(Yugen Kaisha)
Regd Capital:: Yen 3 million
Major shareholders
(%): M K Panda (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and
wholesales apparel, fabrics, works of arts, all from India (--100%):
(Items handled):
Apparel: blouse, skirt, pants,
short dress, vest, apron, jacket, apron dress regular, apron dress embroidery,
multi cover, cotton voile blouse, rayon U-dress, stole, scarf, bag, other
clothing accessories;
Fabric products: table cover,
articles of cloth for table, multi cover, curtain, cushion cover, fabric
products for room;
Craft Goods: Brass craft goods,
wood carving craft good, other miscellaneous goods, other.
Clients: Department
stores, chain stores, specialty stores, other
No. of accounts: 100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports wholly from India.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Ueno)
Mizuho Bank (Inaricho)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual Sales |
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260 |
250 |
240 |
230 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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7 |
6 |
5 |
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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63 |
57 |
52 |
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Capital, Paid-Up |
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3 |
3 |
3 |
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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 |
4.00 |
4.17 |
4.35 |
15.00 |
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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 |
2.69 |
2.40 |
2.08 |
2.17 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2013 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.