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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
IMPEX CORPORATION |
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Registered Office : |
123 Ikejiri Tsutusbaricho Okazaki City Aichi-Pref 444-0932 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
December, 1986 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of building materials, timber, tiles, other |
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No. of Employees : |
3 |
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
IMPEX CORPORATION
REGD NAME
KK Impex
MAIN OFFICE
123 Ikejiri Tsutusbaricho Okazaki City Aichi-Pref 444-0932 JAPAN
Tel: 0564-31-3220 Fax:
0564-32-3902
URL: N/A
ACTIVITIES
Import, wholesale of building materials, timber, tiles, other
BRANCHES
Nil
OFFICERS
TAKAO SUGIURA, PRES
Yukiko Sugiura, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 100 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
10 M
TREND SLOW WORTH Yen 29 M
STARTED 1986 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN BUILDING MATERIALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Takao Sugiura in order to make
most of his experience in the subject line of business. This is a trading firm, owned and operated by
the Sugiura family, specializing in import and wholesale of building materials:
timber, tiles, other. Goods are imported
from India, China, Belgium, UK, other.
Goods are also exported to USA, Taiwan, other.
FINANCIAL
INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Jan/2013 fiscal term amounted to Yen 100 million, a
similar amount in the previous term. The
net profit was posted at Yen 1 million, similarly in the previous year.
For the current term ending Jan 2014 the net profit is projected to mark
time at Yen 1 million, on a 5% rise in turnover, to Yen 105 million.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1986
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders
(%): Takao Sugiura & families (--100)
No. of
shareholders: 5
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports
and wholesales building materials: cut timber, housing members, tiles, bamboos,
other (--100%)
Clients: [Mfrs, house
builders] Osharaku Co, other
Exports to USA, Taiwan, China, other
No. of accounts: 100
(Domestic)
Domestic areas of
activities: Centered in Aichi-Pref
Suppliers: [Mfrs,
wholesalers] Imports from UK, Belgium, India, China, other
Payment record: Slow but Correct
Location: Business area in
Okazaki. Office premises at the caption
address are owned by T Sugiura as his private home residence and maintained
satisfactorily.
Bank References:
MUFG (Okazaki)
Relations: Money deposits & transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
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31/01/2014 |
31/01/2013 |
29/02/2012 |
28/02/2011 |
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Annual Sales |
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105 |
100 |
100 |
100 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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1 |
1 |
1 |
1 |
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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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29 |
28 |
27 |
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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 |
-4.76 |
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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 |
0.95 |
1.00 |
1.00 |
1.00 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/01/2014 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.