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Report Date : |
04.11.2013 |
IDENTIFICATION DETAILS
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Name : |
AVANCE TRADING CO LTD |
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Registered Office : |
2-1-11 Higashi-Tokorozawa-Wada Tokorozawa City Saitama-Pref 359-0023 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2013 |
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Date of Incorporation : |
April 1988 |
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Com. Reg. No.: |
0300-01-023607 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of teas, coffees |
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No. of Employees : |
01 |
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
AVANCE TRADING CO LTD
REGD NAME: Avance Boeki KK
MAIN OFFICE: 2-1-11 Higashi-Tokorozawa-Wada Tokorozawa City Saitama-Pref 359-0023 JAPAN
Tel: 04-2944-0171 Fax: 04-2944-0176
URL: http://www.kunitaro.co.jp (Of the parent)
E-Mail address: (thru the URL)
ACTIVITIES
Import, wholesale of teas, coffees, other
BRANCHES
Nil
OVERSEAS
Australia
FACTORIES
(Group firms)
OFFICERS
KUNITARO NAKAMURA, PRE
Tomio Hoshi, dir
Atsushi Ozeki, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 359 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 38 M
STARTED 1988 EMPLOYES 1
COMMENT
TRADING FIRM SPECIALIZING IN TEAS & COFFEE, OWNED BY
KUNITARO CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established on the basis of a trading division separated from Kunitaro Co Ltd (See REGISTRATION). Kunitaro Nakamura is concurrently pres at the parent. This is a trading firm for import and wholesale of coffee, teas (green teas, brown teas, black teas), other. Goods are imported widely from Europe, Asia, USA, South America, Australia, other. Goods are wholly shipped to the parent, Kunitaro Co Ltd.
FINANCIAL INFORMATION
Financials are consolidated by the parent and only partially disclosed.
The sales volume for Feb/2013 fiscal term amounted to Yen 359 million, a 6% down from Yen 382 million in the previous term. The net profit was posted at Yen 9 million, compared with Yen 1 million a year ago.
For the current term ending Feb 2014 the net profit is projected at Yen 10 million, on a 3% rise in turnover, to Yen 370 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Apr 1988
Regd No.: 0300-01-023607 (Saitama-Tokorozawa)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Kunitaro Co Ltd* (100)
*.. Retailer of teas, coffees, other, at the caption address, founded 1973, capital Yen 180 million, sales Yen 3,373 million, net losses Yen 98 million, employees 60, pres Kunitaro Nakamura, concurrently
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales green teas, black teas, brown teas, coffee, other (--100%)
Clients: [Mfr, wholesaler] Wholly shipped to Kunitaro Co Ltd (the parent)
No. of accounts: 1
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Ceylon Tea Marketing, FNC, I&M Smith, other.
Imports from: China, Korea, South Africa, Sri Lanka, India, Mid/South America, Australia, Singapore, Ethiopia, UK, Holland, Canada, USA, other.
Payment record: Slow but correct
Location: Business area in Saitama. Office premises at the caption address are owned by the parent and maintained satisfactorily.
Bank References: Mizuho Bank (Tokorozawa)
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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370 |
359 |
382 |
402 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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10 |
9 |
1 |
3 |
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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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38 |
29 |
28 |
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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 |
3.06 |
-6.02 |
-4.98 |
24.84 |
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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 |
2.70 |
2.51 |
0.26 |
0.75 |
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Notes: Financials are only partially disclosed.
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.