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Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
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Name : |
GRANPIE CO LTD |
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Registered Office : |
Residence Okazaki, 43-5 Okazaki-Higashitennocho Sakyoku Kyoto 606-8332 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
November 1971 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale, retail of folk handicraft, clothing accessories |
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No. of Employees : |
36 |
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 AND
ADDRESS
GRANPIE CO LTD
REGD NAME: KK
Granpie Shokai
MAIN OFFICE: Residence
Okazaki, 43-5 Okazaki-Higashitennocho Sakyoku Kyoto 606-8332
JAPAN
Tel:
075-213-7720 Fax: 075-213-7780
URL: N/A
ACTIVITIES: Import,
wholesale, retail of folk handicraft, clothing accessories
STORES: Tokyo, Kyoto (4)
OFFICER(S): HITOSHI
NAKAHARA, PRES
Shigeyuki Ozawa,
dir
Haruo Ishizuka,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES R/WEAK A/SALES Yen 460 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
42 M
STARTED 1971 EMPLOYES 36
COMMENT: IMPORTER,
WHOLESALER AND RETAILER SPECIALIZING IN FOLK
HANDICRAFTS,
CLOTHING ACCESSORIES, OTHER
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
8.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was
established by Hitoshi Nakahara in order to make most of his experience in the
subject line of business. This is a
trading firm specializing in folk handicrafts, clothing accessories, upholstery
goods, other. Goods are imported
centrally from India, Spain, Africa, Near/Mid East, Latin America, other. Goods are wholesaled to specialty stores and
retailed. Operates 3 retail stores,
including one in Tokyo.
FINANCIAL
INFORMATION:
The sales volume for
Sept/2012 fiscal term amounted to Yen 460 million, a 2% down from Yen 470
million in the previous term. The net
profit was posted at Yen 1 million, unchanged from the previous year. .
For the current
term ending Sept 2013 the net profit is projected at a 2 million, on a 2% rise
in turnover, to Yen 470 million. Weaker
yen will push revenue upwards 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 8.1 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Nov 1971
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
160,000 shares
Issued: 40,000 shares
Sum:
Yen 20 million
Major shareholders (%): Hitoshi Nakahara
(majority owned)
No.
of shareholders: 7
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION:
Activities: Imports,
wholesales and retails folk handicrafts, clothing accessories, cushions,
cushion cover, other upholstery, other, operating 5 retail stores (--100%).
Goods are imported from India centrally, other from
Spain, Africa, Mid & Near East, Latin America, other.
Clients: Specialty stores, consumers, other
No. of accounts: Unavailable
Domestic areas of activities:
Centered in Kyoto-Pref
Suppliers: [Mfrs,
wholesalers] Imports from India, Africa, Mid & Near East, Latin America,
Spain, other.
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
SMBC (Kyoto)
Kyoto Shinkin Bank
(H/O)
Relations:
Satisfactory
FINANCES:
(In Million Yen)
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Terms Ending: |
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30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
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Annual
Sales |
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470 |
460 |
470 |
470 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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2 |
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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42 |
41 |
40 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
2.17 |
-2.13 |
0.00 |
-6.00 |
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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 |
0.43 |
0.22 |
0.21 |
0.21 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 30/09/2013 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 |
-- |
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.