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Report No. : |
320288 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
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Name : |
RIN INTERNATIONAL INC |
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Registered Office : |
23-8 Motoyoyogicho Shibuyaku Tokyo 151-0062 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
June 2000 |
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Com. Reg. No.: |
0110-01-054559 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, wholesales and retails (online & mail-order) women’s
garments, clothing accessories (--97.2%), operates 2 coffee shops (2.8%) |
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No. of Employees : |
15 |
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 |
RIN INTERNATIONAL
INC
REGD NAME:
KK Rin International
MAIN OFFICE:
23-8 Motoyoyogicho Shibuyaku Tokyo 151-0062 JAPAN
Tel: 03-3481-8125 Fax:
03-3481-5885
E-Mail address: (thru the URL)
ACTIVITIES: Import, wholesale of women’s garments;
operates coffee shops
BRANCHES: Tokyo (2) (--Coffee shops)
OFFICERS:
HIDEHITO YOSHIDA, PRES Yasunori
Taguchi, dir
Teppei Hayashi, dir Hironao
Yokomi, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 1,643 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND UP WORTH Yen 220 M
STARTED 2000 EMPLOYES 15
COMMENT:
TRADING FIRM SPECIALIZING IN WOMEN’S GARMENTS, OTHER. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS:
The subject company is a trading firm for import and wholesale of
women’s garments, clothing accessories, other.
Also operate coffee shops (2 in Tokyo).
Goods are also sold online.
FINANCIAL
INFORMATION:
The sales volume for Feb/2014 fiscal term amounted to Yen 1,643 million,
a 14% up from Yen 1,445 million in the previous term. The recurring profit was posted at Yen 116
million and the net profit at Yen 67 million, respectively, compared with Yen
68 million recurring profit and Yen 39 million net profit, respectively, a year
ago.
For the term that ended Feb 2015 the recurring profit was projected at
Yen 125 million and the net profit at Yen 70 million, respectively, on a 5%
rise in turnover, to Yen 1,730 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Jun
2000
Regd No.: 0110-01-054559 (Tokyo-Shibuyaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders
(%): Ambidex Co Ltd* (100)
*.. Group Holding
Company & wholesaler of ladies’ garments
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION:
Activities: Imports,
wholesales and retails (online & mail-order) women’s garments, clothing
accessories (--97.2%), operates 2 coffee shops (2.8%)
Clients: [Mfrs,
wholesalers] Ambidex Co, Chambre de Charme, other
No. of accounts: 150 (wholesales division)
Domestic areas of activities: Centered in the greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Wanibuchi Co, Tosco Corp, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption address
are leased and maintained satisfactory.
Bank References:
MUFG (Shibuya-Chuo)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
28/02/2015 |
28/02/2014 |
28/02/2013 |
29/02/2012 |
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Annual Sales |
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1,730 |
1,643 |
1,445 |
1,273 |
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Recur. Profit |
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125 |
116 |
68 |
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Net Profit |
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70 |
67 |
39 |
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Total Assets |
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325 |
243 |
186 |
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Current Assets |
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323 |
238 |
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Current Liabs |
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105 |
90 |
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Net Worth |
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220 |
152 |
113 |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.30 |
13.70 |
13.51 |
8.62 |
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Current Ratio |
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.. |
307.62 |
264.44 |
.. |
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N.Worth Ratio |
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.. |
67.69 |
62.55 |
60.75 |
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R.Profit/Sales |
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7.23 |
7.06 |
4.71 |
.. |
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N.Profit/Sales |
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4.05 |
4.08 |
2.70 |
0.00 |
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Return On Equity |
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.. |
30.45 |
25.66 |
0.00 |
Notes: Forecast (or estimated) figures for the 28/02/2015 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.