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Report Date : |
20.12.2013 |
IDENTIFICATION DETAILS
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Name : |
AKATSUKI CORPORATION |
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Registered Office : |
4-37-20 Sengoku Bunkyoku Tokyo 112-0011 |
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Country : |
Japan |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
May 2003 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Wholesale, retail of convenience goods,
home ware, kitchen ware |
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No. of Employees : |
250 |
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
AKATSUKI CORPORATION
REGD NAME: Akatsuki
Corporation KK
MAIN OFFICE: 4-37-20
Sengoku Bunkyoku Tokyo 112-0011 JAPAN
Tel:
03-3941-3151 Fax: 03-3941-3155
URL: www.akatsuki.com
E-Mail address: (thru the uEL)
ACTIVITIES
Wholesale, retail
of convenience goods, home ware, kitchen ware, other
BRANCHES
Saitama (2), Chiba,
Tochigi, Shizuoka
FACTORIES
(22 shops)
OFFICERS
MITSUOKI ANAHARA,
PRES
Koji Anahara, v
pres
Toshimitsu
Takahashi, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,845 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 50 M
TREND SLOW WORTH Yen
372 M
STARTED 2003 EMPLOYES 250
COMMENT
WHOLESALER & RETAILE OF CONVENIENCE GOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by father of Mitsuoki Anahara in
order to make most of his experience in the subject line of business. This specializes for wholesaling and
retailing daily convenience goods: kitchen ware, table ware, washing baths,
other. Clients are convenience stores,
supermarkets, other.
FINANCIAL INFORMATION
Financials are only partially disclosed for Feb/2023 term as follows.
The sales volume for Feb/2013 fiscal term amounted to Yen 7,606 million,
a 10% up from Yen 7,606 million in the previous term. Profits are estimate posted at Yen 30
million, compared with Yen 36 million a year ago.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: May 2003
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major
shareholders (%): Akatsuki Industry Holding Co Ltd (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales
and retails daily convenience goods: kitchen/cooking ware, table ware,
slippers, toot bags, other (--100%)
Clients: [Mfrs,
wholesalers] Keiyo, Shimachu, Uny Living, Olympic, other
No. of accounts: 300
` Domestic
areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sspel, OA, Orient, Oka Inc, other
Payment
record: Slow but correct
Location: Business area in Tokyo. Office premises at the caption address are
owned and maintained satisfactorily.
Bank
References: Sugamo Shinkin
Bank (H/O)
Mizuho Bank
(Komagome)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
228/02/2013 |
29/02/2012 |
28/02/2011 |
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Annual
Sales |
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6,845 |
7,606 |
7,545 |
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Recur.
Profit |
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Net
Profit |
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30 |
36 |
36 |
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Total
Assets |
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3,067 |
3,053 |
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Current
Assets |
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2,954 |
2,955 |
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Current
Liabs |
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1,567 |
1,688 |
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Net
Worth |
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372 |
336 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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Div.P.Share(¥) |
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0 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
-10.01 |
0.81 |
.. |
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Current Ratio |
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.. |
188.51 |
175.06 |
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N.Worth Ratio |
.. |
12.13 |
11.01 |
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R.Profit/Sales |
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.. |
.. |
.. |
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N.Profit/Sales |
0.44 |
0.47 |
0.48 |
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Return On Equity |
.. |
9.68 |
10.71 |
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Notes: Financials
are only partially disclosed for 28/02/2013 accounting term as above.
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.