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Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
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Name : |
HIMALAYA LTD |
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Registered Office : |
Toko Bldg 3F, 3-4-8 Azuchimachi Chuoku Osaka 541-0052 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
July 1972 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject Operate of Indian restaurants; import,
export of textiles, foods |
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No. of Employees |
06 |
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
HIMALAYA LTD
REGD NAME: YK
Himalaya
MAIN OFFICE: Toko
Bldg 3F, 3-4-8 Azuchimachi Chuoku Osaka 541-0052 JAPAN
Tel:
06-6260-3181 Fax: 06-6260-3199
URL: http://www.rajgroup.com/himalaya
E-Mail
address: kondo@rajgroup.com
ACTIVITIES
Operate
of Indian restaurants; import, export of textiles, foods, other
BRANCHES
Osaka,
Kyoto, Kobe (2) (-- restaurants – Ashoka & Gaylord)
OVERSEAS
India,
Singapore, Dubai, Hong Kong, Vietnam
OFFICERS
R H
SANJAY, PRES (only phonetically spelled)
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 175 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 287 M
STARTED 1972 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING IN
TEXTILES, FOODS, ELECTRIC
APPLIANCES; OPERATION OF INDIAN
RESTAURANTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company is a Raj Group firm founded in
Japan. It is a trading firm for import
and export of electrics parts, foodstuffs, herbs, textiles, other; also
operates 4 Indian restaurants in Osaka, Kyoto and Kobe. Major links: Cobra Beer, Shades of India,
Page UP, etc. Clients include foodstuffs
mfrs, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Sept/2013 fiscal term amounted to Yen
175 million, an 11% down from Yen 197 million in the previous term. High Yen hurt imports/exports, reducing earnings
in Yen terms. The net profit was posted
at Yen 1 million, compared with Yen 2 million a year ago.
For the current term ending Sept 2014 the net profit is
projected at Yen 2 million, on a 3% rise in turnover, to Yen 180 million. Weaker Yen may help increase sales revenues.
The financial situation is
considered FAIR and good for ORDINARY business
engagements.
REGISTRATION
Date Registered: Jul 1972
Legal Status:
Private Limited Company (Yugen Gaisha)
Regd Capital: Yen 10 million
Major shareholders (%): R H
Sanjay (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports and wholesales:
electronics parts, foodstuffs, herbs, healthcare foods, textiles, fashion clothing,
other (--50%); operates 4 Indian restaurants in Osaka, Kyoto and Kobe (--50%)
Clients: [Mfrs, wholesalers, consumers] Kokubu
& Co, Toko Shoji Co, Proroute Marumitsu Co, Nisshin Trading Co, other
No. of
accounts: 200
Domestic
areas of activities: Centered in the greater-Osaka
Suppliers:
[Mfrs, wholesalers] Cobra Beer, Shades of India, Page UP, MCC Food Products Co,
other
Payment record: Slow
but correct
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
Bank
of India (Osaka)
SMBC
(Kobe)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms ending:
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30/09/2014 |
30/09/2013 |
30/09/2012 |
30/09/2011 |
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Annual
Sales |
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180 |
175 |
197 |
250 |
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Recur.
Profit |
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Net
Profit |
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2 |
1 |
2 |
16 |
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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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287 |
286 |
284 |
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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 |
2.86 |
-11.17 |
-21.20 |
117.39 |
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Current Ratio |
.. |
.. |
.. |
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N.Worth Ratio |
.. |
.. |
.. |
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N.Profit/Sales |
1.11 |
0.57 |
1.02 |
6.40 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2014 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.