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Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
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Name : |
RIN CO LTD |
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Registered Office : |
2-48 Nanokamachi Aizuwakamatsu Fukushima-Pref 965-0044 |
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Country : |
Japan |
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Date of Incorporation : |
August, 1977 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales kimonos, kimono
accessories, textiles, clothing & accessories |
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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
RIN CO LTD
REGD NAME
KK Rin
MAIN OFFICE
2-48 Nanokamachi
Aizuwakamatsu Fukushima-Pref 965-0044 JAPAN
Tel: 0242028-0800
Fax: 0242-28-0820
URL: Under
construction
ACTIVITIES
Import, export,
wholesale of Japanese kimono, garments, accessories, other
BRANCHES
Nil
FACTORIES
At the caption
address (Gallery)
OFFICERS
KEITARO MUTOH,
PRES
Tomoko Mutoh,
dir
Tsuyako Mutoh,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 65 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
35 M
STARTED 1977 EMPLOYES 3
COMMENT
TRADING. FIRM SPECIALIZING IN KIMONOS & ACCESSORIES FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 1.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Seiichi Mutoh in order to
make most of his experience in the subject line of business. Keitaro is his son, who took the pres office
in Nov/1988. This is a trading firm for import,
export and wholesale of kimonos fabric and accessories. Also handles garments & accessories. Silk textiles are imported from S/E Asia:
India, Indonesia, Thailand, other. Goods
are retailed online and mail-order system.
Clients include department stores, clothing stores, other
FINANCIAL INFORMATION:
Financials are only partially disclosed.
The sales volume for Sept/2012 fiscal term amounted to Yen 65
million, a similar amount in the previous term.
The net profit was posted at Yen 2 million, compared with Yen 1 million
net losses a year ago.
For the term that ended Sept 2013 the net profit was projected at
Yen 3 million, on a 3% rise in turnover, to Yen 67 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 1.0 million, on 30 days normal
terms.
REGISTRATION
Date Registered:
Aug 1977
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Keitaro Mutoh
(50), and families (--50)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports,
exports and wholesales kimonos, kimono accessories, textiles, clothing &
accessories (--100%)
Clients: Consumers,
department stores, mail-order sales, retail shops, other
No. of
accounts: 300
Domestic areas
of activities: Centered in Fukushima-Pref and vicinities
Suppliers: [Mfrs,
wholesalers] Imports from Thailand, India, Indonesia, other
Domestically Issei Miyake,
Katayama Co, other
Payment record
Slow
Location
Business area in Aizuwakamatsu, Fukushima-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Toho Bank
(Aizu-Ichinomachi)
Aizu Shoko
Shinkin Bank (Nanokamachi)
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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67 |
65 |
65 |
66 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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3 |
2 |
-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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35 |
33 |
34 |
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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 |
3.08 |
0.00 |
-1.52 |
-5.71 |
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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 |
4.48 |
3.08 |
-1.54 |
1.52 |
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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.