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Report Date : |
24.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SUZUKI CO LTD |
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Registered Office : |
5-2-10 Asakusa Taitoku |
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Country : |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
June 1980 |
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Com. Reg. No.: |
0105-01-025095 (Tokyo-Taitoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer and processor
of tanned leather from cow, sheep & goat |
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No. of Employees |
20 |
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
SUZUKI CO LTD
REGD NAME
KK Suzuki
MAIN OFFICE
5-2-10 Asakusa
Taitoku Tokyo 111-0032 JAPAN
Tel:
03-3875-8181 Fax: 03-3875-8184
URL: N/A
ACTIVITIES:
Mfg of
tanned leather
BRANCHES:
Sumidaku
(Tokyo) (shop)
FACTORIES:
At the
caption address
OFFICERS:
TAKASHI
SUZUKI, PRES
Toru
Suzuki, dir
Yoshinari
Suzuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 480 M
PAYMENTSSlow but Correct CAPITAL Yen 10 M
TREND SLOW WORTH Yen 243 M
STARTED 1980 EMPLOYES 20
COMMENT:
MFR OF TANNED LEATHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 8.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was established by Takashi Suzuki in order to make most of his experience in the subject line of business. This is a specialized mfr and processor, owned and operated by the Suzuki family of tanned animal hide of cow, sheep, other. Materials are imported. Clients include leather good/apparel makers.
FINANCIAL INFORMATION:
Financials are only partially disclosed as is the case with family-based company..
The sales volume for May/2013 fiscal term amounted to Yen 480 million, a 4% down from Yen 500 million in the previous term. The operations are estimated posted at Yen 15 million net profit, compared with Yen 20 million net profit a year ago.
For the current term ending May 2014 the net profit is projected at Yen 20 million, on a 3% rise in turnover, to Yen 495 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun
1980
Regd No.: 0105-01-025095 (Tokyo-Taitoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%):
Takashi Suzuki (100)
No. of shareholders: ^
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Manufactures and processes tanned leather from cow, sheep, goat, other (-100%)
Clients: [Mfrs, wholesalers] Asics Corp, Wacoal Corp, John Bull House, Kanematsu, other,
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Marubeni Corp, Okamoto Dyestuff Co, Nakao Trading, other
Payment record: Slow but Correct
Location: Business
area in Tokyo. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank (Asakusa)
Johoku Shinkin Bank
(Higashi-Asakusa)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
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Annual
Sales |
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495 |
480 |
500 |
490 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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20 |
15 |
20 |
-43 |
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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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243 |
228 |
208 |
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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 |
3.13 |
-4.00 |
2.04 |
-2.00 |
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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 |
4.04 |
3.13 |
4.00 |
-8.78 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2014 fiscal term.
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.