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Report No. : |
356262 |
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Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SHISEI TRADING CO LTD |
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Registered Office : |
Semba Center Bldg No.2 3F, 1-4 Semba-Chuo Chuoku Osaka 541-0055 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
May, 1971 |
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Com. Reg. No.: |
1200-01-023632 (Osaka-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and Wholesale of Scarf, Slipper, Accessories, Other. |
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No. of Employees : |
2 |
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 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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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) |
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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 |
SHISEI TRADING CO LTD
REGD NAME: KK
Shisei Boeki
MAIN OFFICE: Semba
Center Bldg No.2 3F, 1-4 Semba-Chuo Chuoku Osaka 541-0055 JAPAN
Tel: 06-6264-6489 Fax: 06-6261-5735
URL: http://www.shiseihanbai.jp
(the parent)
E-Mail address: (thru the URL)
Import, wholesale
of scarf, slipper, accessories, other
Nil
India, Vietnam,
Philippines, China, other (--business partners)
MIE SEN, PRES Matsushige Sen, dir
Mitsuki Jinjo, dir Etsuko
Fukuda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 22,410 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen
22,969 M
STARTED 1971 EMPLOYES 2
TRADING FIRM SPECIAIZING IN CLOTHING
ACCESSORIES, OWNED BY SHISEI HANBAI CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company
is a trading division of Shisei Hanbai Co Ltd at the caption address (See REGISTRATION). This is a trading firm for import and
wholesale of scarf, slipper, clothing accessories, other. Goods are imported from India, Philippines,
Vietnam, China, other, and wholly supplied to the parent, Shisei Hanbai Co
Ltd.
The sales volume
for Mar/2015 fiscal term amounted to Yen 22,410 million, an 8% down from Yen
24,237 million in the previous term. The
recurring profit was posted at Yen 1 million and the net profit at Yen 1
million, respectively, compared with Yen 3 million recurring profit and Yen 3
million net profit, respectively, a year ago.
For the current
term ending Mar 2016 the recurring profit is projected at Yen 2 million and the
net profit at Yen 2 million, respectively, on a 5% rise in turnover, to Yen
23,500 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date
Registered: May 1971
Regd
No.: 1200-01-023632 (Osaka-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum:
Yen 10 million
Major shareholders (%): Shisei Hanbai Co Ltd* (100)
*.. Wholesaler of clothing
accessories, at the caption address, founded 1964, capital Yen 10 million, sales Yen 1,071 million, net
profit Yen 10 million, employees 88, pres
Matsushige Sen
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales clothing accessories: scarf, shoal, slipper, other (--100%)
Clients: [Wholesalers]
Shisei Hanbai Co Ltd (100%)
No. of accounts: 1
Domestic areas of
activities: Centered in Osaka
Suppliers: [Mfrs,
wholesalers] Imports from India, Vietnam, Philippines, China, other.
Payment record: Slow but correct
Location: Business area in
Osaka. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
Minato Bank (Osaka)
Osaka City Shinkin Bank (Honcho)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
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Annual
Sales |
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23,500 |
22,410 |
24,237 |
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Recur.
Profit |
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2 |
1 |
3 |
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Net
Profit |
|
2 |
1 |
3 |
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Total
Assets |
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36,095 |
35,314 |
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Current
Assets |
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36,045 |
35,264 |
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Current
Liabs |
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13,125 |
13,392 |
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Net
Worth |
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22,969 |
21,921 |
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Capital,
Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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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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4.86 |
-7.54 |
20.08 |
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Current Ratio |
|
.. |
274.63 |
263.32 |
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N.Worth Ratio |
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.. |
63.63 |
62.07 |
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R.Profit/Sales |
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0.01 |
0.00 |
0.01 |
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N.Profit/Sales |
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0.01 |
0.00 |
0.01 |
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Return On Equity |
|
.. |
0.00 |
0.01 |
Notes: Forecast
(or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
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|
1 |
Rs.98.71 |
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Euro |
1 |
Rs.72.33 |
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YEN |
1 |
Rs.0.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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Report Prepared by
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TRU |
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.