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Report Date : |
09.09.2014 |
IDENTIFICATION DETAILS
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Name : |
KAWAI TRADING KK |
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Registered Office : |
4-507 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
March, 2014 |
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Com. Reg. No.: |
1201-01-051289 (Sakai-Nishiku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of leather handbags, shoes, other |
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No. of Employees |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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COMPANY NAME AND
ADDRESS
KAWAI TRADING KK
REGD NAME: KK
Kawai Trading
MAIN OFFICE: 4-507
Hamadera-Motomachi
Tel: 072-264-6873 Fax:
072-264-6873
URL: N/A
E-Mail address: Yoshi-kawai@sakai.zaq.ne.jp
ACTIVITIES
Import, wholesale of leather handbags, shoes, other
BRANCHES
Nil
OFFICERS
YOSHIJI KAWAI, PRES
Tamiko Kawai, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 160 M*
PAYMENTS REGULAR CAPITAL Yen
0.3 M
TREND UNDETD WORTH Yen
- - - M
STARTED 2014 EMPLOYES 2
*.. Sales target for the initial one year ending Mar/2015
COMMENT
TRADING FIRM SPECIALIZING IN LEATHER HANDBAGS, OTHER.
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD
BE GOOD FOR MODERATE FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE RECENT INCEPTION AND ABSENCE OF PROVEN BUSINESS.
HIGHLIGHTS
The subject company was established originally in 2007 by Yoshiji
Kawai, on his account, in order to make most of his experience in the subject
line of business, and was legally incorporated in 2014. This is a family-based trading firm for
import and wholesale of leather handbags, leather shoes, and other leather
goods. Goods are imported from
FINANCIAL INFORMATION
The sales volume for Dec/2013 fiscal term for the private company
amounted to Yen 150 million, a 15% up from Yen 130 million in the previous
term. Demand rose. The net profit was posted at Yen 2 million,
compared with Yen 1 million a year ago.
For the initial term ending Mar 2015 the net profit is projected at Yen
3 million, on a sales turnover of Yen 160 million.
Financial situation and business trends are not determined due to the
recent inception and without proven business but should be good for MODERATE
business engagements. Max credit limit
is unable to be assessed due to the same reason.
REGISTRATION
Date Registered: Mar
2014
Regd No.:
1201-01-051289 (Sakai-Nishiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,000 shares
Issued: 30 shares
Sum: Yen 0.3 million
Major shareholders (%): Yoshiji Kawai (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales leather handbags, leather
shoes, other leather goods (--100%)
Clients: Shops, wholesalers, other. Also exports to Taiwan, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in Sakai City
Suppliers: [Mfrs, wholesalers] Imports from India,
Pakistan, Spain, France, other
Domestically from leather shoes/bags makers, other
Payment record: Unknown
Location: Business area in Sakai City,
Osaka-Pref. Office premises at the
caption address are owned by Yoshiji Kawai as his private residence and
maintained satisfactory.
Bank References:
SMBC (Sakai)
Osaka Shinkin Bank (Ishizu)
Relations: Money deposits and transfers only
FINANCES
(In
Million Yen)
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Terms
Ending: |
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31/03/2015 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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Annual Sales |
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160 |
150 |
130 |
110 |
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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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9 |
7 |
6 |
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Capital, Paid-Up |
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0.3 |
0.3 |
0.3 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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- - - |
15.38 |
18.18 |
-15.38 |
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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 |
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1.88 |
1.33 |
0.77 |
0.91 |
Notes: The above
statement is of its former private company.
The figures for the
31/03/2015 fiscal term is the forecast of the newly organized/incorporated
company.
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.