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Report No. : |
352880 |
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Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MARUBENI INTEX CO LTD |
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Registered Office : |
Shin-Daibiru Bldg 29F, 1-2-1 Dojimahama Kitaku Osaka 530-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
November 1967 |
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Com. Reg. No.: |
1200-01-090121 (Osaka-Kitaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export and wholesale of: Apparel & accessories (garments,
sox, leg-knits, panty stockings, gloves, other) (35%), industrial, agricultural,
fishing, other materials (27%), furniture, interior goods, upholstery
materials, other (38%) |
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No. of Employee : |
121 |
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MARUBENI INTEX CO LTD
REGD NAME: Marubeni Intex KK
MAIN OFFICE: Shin-Daibiru Bldg
29F, 1-2-1 Dojimahama Kitaku Osaka 530-0004 JAPAN
Tel: 06-6347-3500 Fax: 06-6347-3395
URL: http://www.marubeni-intex.co.jp
E-Mail address: head-Qtex@marubeni-intex.co.jp
Import, export,
wholesale of garments, accessories, industrial materials, other
Tokyo
Main Office: Marubeni Bldg, 7F 2-5-7 Honmachi
Chuoku Osaka Japan 541 0053 Japan
Marubeni Corp’s
overseas subsidiaries/offices/agents are utilized
HIDENAO YOICHI,
PRES Kazunobu Teraoka,
s/mgn dir
Takuya Yoda, mgn
dir Takafumi
Katayama, dir
Yuji Takigawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 43,835 M
PAYMENTSREGULAR CAPITAL Yen 377 M
TREND SLOW WORTH Yen
5,404 M
STARTED 1967 EMPLOYES 121
TRADING FIRM, OWNED BY MARUBENI CORPORATION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established on the basis of a division separated from Textile Department of Marubeni Corp (See REGISTRATION). This is a trading firm specializing in living inner legs, industrial/agricultural materials, other. The parent’s overseas subsidiaries, offices and agents are fully utilized. Clients include textile mfrs, wholesalers, other
The sales volume for Mar/2015 fiscal term amounted to Yen 43,835 million, a 6% down from Yen 46,753 million in the previous term. The recurring profit was posted at Yen 1,382 million and the net profit at Yen 856 million, respectively, compared with Yen 1,610 million recurring profit and Yen 845 million net profit, respectively, a year ago.
For the current term ending Mar 2016 the recurring profit is projected at Yen 1,500 million and the net profit at Yen 950 million, respectively, on a 5% rise in turnover, to Yen 46,000 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1967
Regd No.:
1200-01-090121
(Osaka-Kitaku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 3 million shares
Issued:
754,000 shares
Sum: Yen
377 million
Major
shareholders (%): Marubeni Corporation* (100)
*.. Comprehensive trading house belonging to
Fuyo Group, Tokyo, founded 1949,
listed Tokyo, Nagoya S/E’s, capital Yen 262,686
million, turnover Yen 7,834,295
million, operating profit Yen 23,632 million, recurring profit Yen 124,614 million, net profit Yen 105,604 million,
total assets Yen 7,828,252 million, net worth Yen 1,619,125 million, employees 38,830, pres Fumiya Kokubu
Nothing detrimental is known as to the
commercial morality of executives.
Activities: A trading firm
for import, export and wholesale of: Apparel & accessories (garments, sox,
leg-knits, panty stockings, gloves, other) (35%), industrial, agricultural,
fishing, other materials (27%), furniture, interior goods, upholstery
materials, other (38%)
Clients: [Mfrs,
wholesalers] Kyoto Nishikawa, Kao Corp, Leckitt Benchiser Japan, Kyouwa Corp,
Suminoe Teijin Techno, Elleair Products, Tesac Corp, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyobo Co, Mitsubishi Rayon, Asahi Kasei Fibers Corp, Toray Ind
Inc, Haso Ltd, Kuraray Co, Kawamura Shoji Corp, Kurabo Ind, Unitika Ltd, Ube Exsymo,
other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank
(Semba)
SMBC (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
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Annual
Sales |
|
46,000 |
43,835 |
46,753 |
39,400 |
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Recur.
Profit |
|
1,500 |
1,382 |
1,610 |
1,460 |
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Net
Profit |
|
950 |
856 |
945 |
880 |
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Total
Assets |
|
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13,611 |
13,374 |
12,700 |
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Current
Assets |
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13,404 |
13,075 |
12,400 |
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Current
Liabs |
|
|
8,031 |
8,191 |
8,000 |
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Net
Worth |
|
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5,404 |
5,016 |
4,500 |
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Capital,
Paid-Up |
|
|
377 |
377 |
377 |
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Div.Ttl
in Million (¥) |
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|
472 |
438 |
438 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.94 |
-6.24 |
18.66 |
-3.48 |
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Current Ratio |
|
.. |
166.90 |
159.63 |
155.00 |
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N.Worth Ratio |
|
.. |
39.70 |
37.51 |
35.43 |
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R.Profit/Sales |
|
3.26 |
3.15 |
3.44 |
3.71 |
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N.Profit/Sales |
|
2.07 |
1.95 |
2.02 |
2.23 |
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Return On Equity |
|
.. |
15.84 |
18.84 |
19.56 |
Notes: Forecast (or
estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
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YEN |
1 |
Rs.0.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.