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Report Date : |
12.08.2013 |
IDENTIFICATION DETAILS
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Name : |
K S N CO LTD |
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Registered Office : |
Namba Century #302, 2-9-1 Motomachi Naniwaku Osaka 556-0016 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2013 |
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Date of Incorporation : |
March 2008 |
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Com. Reg. No.: |
1200-01-129861 (Osaka-Naniwaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of curtains, table cloth, cushions, other interior textiles. |
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No. of Employees : |
2 |
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 AND ADDRESS
K S N CO LTD
REGD NAME: K
S N KK
MAIN OFFICE: Namba
Century #302, 2-9-1 Motomachi Naniwaku Osaka 556-0016 JAPAN
Tel:
06-4303-5050 Fax: 06-4303-5052
URL: N/A
ACTIVITIES: Import,
wholesale of curtains, table cloth, cushions, other interior textiles
BRANCHES: Nil
OFFICER(S): YOSHIO
TOHYAMA, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 212 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND UP WORTH Yen 36 M
STARTED 2008 EMPLOYES 2
COMMENT: IMPORTER
OF INTERIOR TEXTILE GOODS.
FINANCIAL
SITUATION IS CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 3.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was
established by Yoshio Tohyama in order to make most of his experience in the
subject line of business. This is a
family-based trading firm specializing in import and wholesale of interior
textile goods: curtains, table mats, cushion cover, luncheon mats, kitchen
goods, other. Goods are all imported
from India alone. Clients are local
specialty stores, 100 Yen shops, wholesalers, etc, centering in
greater-Osaka
FINANCIAL
INFORMATION:
Financials are not
disclosed. We have obtained the
information directly from Y Tohyama, as follows, and compiled a financial
statement (See FINANCES).
The sales volume for Feb 2013 fiscal term
amounted to Yen 212 million, a 41% up from Yen 150 million in the previous
term. Client’s networks are expanding
year by Year. Imports from India
increased. The net profit was posted at
Yen 15 million, compared with Yen 10 million a year ago.
For the current
term ending Feb 2014 the net profit is projected at Yen 20 million, on an 8%
rise in turnover, to Yen 230 million. Client’s
networks keep growing, Y Tohyama says.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.9
million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
2008
Regd No.: 1200-01-129861 (Osaka-Naniwaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
400 shares
Issued: 100 shares
Sum: Yen 5 million
Major shareholders (%): Yoshio Tohyama
(100)
Nothing
detrimental is known as to his commercial morality.
OPERATION:
Activities: Imports and
wholesales interior textile goods (cotton make): curtains, cushion mats, floor
mats, table cloths, luncheon mats, kitchen linens, all imported from India (--100%).
Clients: Specialty
stores, wholesalers, 100 Yen shops, individual buyers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports wholly from India
Payment record: Regular
Location: Business area in Osaka.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
Ikeda Senshu Bank
(Namba)
Relations:
Satisfactory
FINANCES:
(In Million Yen)
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Terms Ending: |
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28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
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Annual
Sales |
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230 |
212 |
150 |
90 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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20 |
15 |
10 |
6 |
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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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36 |
21 |
11 |
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Capital,
Paid-Up |
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5 |
5 |
5 |
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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 |
8.49 |
41.33 |
66.67 |
60.71 |
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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 |
8.70 |
7.08 |
6.67 |
6.67 |
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Note: Financials are not disclosed.
The statement is compiled by the phone conversation with the owner,
Yoshio Tohyama.
Forecast (or estimated) figures for the 28/02/2014
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.