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Report No. : |
330845 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MITSUHANA CORPORATION |
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Registered Office : |
1-11-11 Kagiyama Iruma City Saitama-Pref 358-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
Oct., 2009 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export, Wholesale of Food Additives, Feed Additives,
Pharmaceuticals. |
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No. of Employees : |
6 |
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
MITSUHANA CORPORATION
REGD NAME: Mitsuhana
KK
MAIN OFFICE: 1-11-11
Kagiyama Iruma City Saitama-Pref 358-0004 JAPAN
Tel: 04-2936-8972 Fax: 03-2936-8729
E-Mail address: (thru the URL)
ACTIVITIES
Import, export,
wholesale of food additives, feed additives, pharmaceuticals
BRANCHES
Nil
OVERSEAS
Shanghai (China)
OFFICERS
KEN’I RO, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 104 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 5 M
TREND STEADY WORTH Yen 12 M
STARTED 2009 EMPLOYES 6
COMMENT
TRADING FIRM SPECIALIZING IN FOODS, FEEDS,
OTHER.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 1.0 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company
is a trading firm for import, export and wholesale of food additives, feed
additives, pharmaceuticals & intermediates,
vitamins, other. Goods are imported from China, other.
FINANCIAL INFORMATION
The sales volume
for Mar/2014 fiscal term amounted to Yen 104 million, a 2% up from Yen 102 million in the previous term. The recurring
profit was posted at Yen 2 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 term that
ended Mar 2015 the recurring profit was projected at Yen 4 million and the net
profit at Yen 4 million, respectively, on a 3% rise in turnover, to Yen 107
million. Final results are yet to be
released.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is estimated at Yen 1.0 million, on 30 days
normal terms.
REGISTRATION
Date Registered: Oct 2009
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400 shares
Issued: 100 shares
Sum: Yen 5 million
Major
shareholders (%): Ken’I Ro (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports
and wholesales food additives, feed additives, pharmaceuticals &
intermediates, vitamins, other (--10%)
Clients: [Mfrs,
wholesalers] Toyo Gijutsu Kenkyusho, Nahrin Co, Buneido Seiyaku, Fusol
Material, other
No. of accounts:
150
Domestic areas of
activities: Centered in Saitama-Pref
Suppliers: [Mfrs,
wholesalers] Mitsui Chemical, Maruzen Petrochemical Ind, Kokusai Pulp &
Paper, Zhejiang NHU, other
Payment record: No Complaints
Location: Business area in
Iruma City, Saitama-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Tokorozawa)
SMBC (Tokorozawa)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
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107 |
104 |
102 |
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Recur.
Profit |
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4 |
3 |
3 |
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Net
Profit |
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4 |
1 |
3 |
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Total
Assets |
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89 |
48 |
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Current
Assets |
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28 |
48 |
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Current
Liabs |
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28 |
37 |
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Net
Worth |
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12 |
11 |
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Capital,
Paid-Up |
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5 |
5 |
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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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2.88 |
1.96 |
2.00 |
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Current Ratio |
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.. |
100.00 |
129.73 |
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N.Worth Ratio |
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.. |
13.48 |
22.92 |
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R.Profit/Sales |
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3.74 |
2.88 |
2.94 |
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N.Profit/Sales |
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3.74 |
0.96 |
2.94 |
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Return On Equity |
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.. |
8.33 |
27.27 |
Notes: Forecast (or estimated) figures for the
31/03/2015 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.