MIRA INFORM REPORT

 

 

Report No. :

344059

Report Date :

06.10.2015

 

IDENTIFICATION DETAILS

 

Name :

BHASIN HOLDING CO LTD

 

 

Registered Office :

Bhasin GK Bldg, 8-1-9 Wakamatsucho Nagataku Kobe Hyogo-Pref 653-0038

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2015

 

 

Date of Incorporation :

March 2011

 

 

Com. Reg. No.:

1400-01-034111 (Kobe-Nagataku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Imports, exports, wholesales and retails (online): foodstuffs, spices, liquors, other

 

 

No. of Employees :

4

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

COMPANY NAME

 

BHASIN HOLDING CO LTD

 

 

REGD NAME

 

Bhasin Holding KK

 

 

MAIN OFFICE

 

Bhasin GK Bldg, 8-1-9 Wakamatsucho Nagataku Kobe Hyogo-Pref 653-0038 JAPAN

Tel: 078-642-3883      Fax: 078-647-7218

 

 

URL

 

http://www.bhasinholding.co.jp

 

E-Mail address: info@bhasinholding.co.jp

 

 

ACTIVITIES

 

Import, export, wholesale of foodstuffs, spices, liquors, other

 

 

BRANCHES

 

Nil

 

 

OVERSEAS:

 

India, Thailand, China (--business partners)

 

 

OFFICERS

 

A BHASIN, PRES

Harumi Bhasin, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

 

SUMMARY

 

FINANCES        R/WEAK                                   A/SALES          Yen 100 M

PAYMENTSSLOW BUT CORRECT         CAPITAL           Yen 29 M

TREND UP                                            WORTH            Yen 29 M        

STARTED         2011                                         EMPLOYES      4

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN FOODSTUFFS.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: ESTIMATED AT YEN 1.8 MILLION, ON 30 DAYS NORMAL TERMS.

 

 

HIGHLIGHTS

 

The subject company is a trading firm, established by A Bhasin, an Indian resident, for import, export and wholesale of foodstuffs, spices, liquors, other.  Increased the paid-up capital to Yen 29 million in 2015 from the previous Yen 8 million.  Goods are also sold online.  Goods are imported from India, Thailand, China, other.  Clients include Indian restaurants, foodstuff stores, other.

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.

 

The sales volume for Feb/2015 fiscal term amounted to Yen 100 million, a 37% up from

Yen 73 million in the previous term.  The net profit was posted at Yen 2 million, compared with then 1 million net losses a year ago.

 

For the current term ending Feb 2016 the net profit is projected at Yen 3 million, on a 5% rise in turnover, to Yen 105 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.

 

 

REGISTRATION

    

Date Registered:                       Mar 2011

Regd No.:                                 1400-01-034111 (Kobe-Nagataku)

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  4,000 shares

Issued:                         2,900 shares

Sum:                            Yen 29 million

Major shareholders (%):           A Bhasin (100)

 

Nothing detrimental is known as to the commercial morality of executives.

OPERATION

           

Activities: Imports, exports, wholesales and retails (online): foodstuffs, spices, liquors, other (--100%)

 

Clients: [Mfrs, wholesalers] KK RT, Santaj Foods, Annkiky Kyoei, Indian Restaurants, other 

No. of accounts: 150

Domestic areas of activities: Centered in the greater-Osaka

Suppliers: [Mfrs, wholesalers] Santaj Foods, Annkiky Kyoei, Kei Kobayashi, other

Imports from: India, Thailand, other

 

Payment record: Slow but correct

 

Location: Business area in Kobe.  Office premises at the caption address are owned and maintained satisfactory.

 

Bank References:

                        Kobe Shinkin Bank (Nishi-Kobe)

                        MUFG (Sannomiya)

                        Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

29/02/2016

28/02/2015

28/02/2014

28/02/2013

Annual Sales

105

100

73

33

Recur. Profit

..

..

..

..

Net Profit

3

2

-1

-1

Total Assets

　

N/A

N/A

N/A

Net Worth

　

29

6

7

Capital, Paid-Up

　

29

8

8

Div.P.Share(¥)

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.00

36.99

121.21

  - - -

    Current Ratio

　

..

..

..

    N.Worth Ratio

　

..

..

..

    N.Profit/Sales

2.86

2.00

-1.37

-3.03

Notes: Financials are only partially disclosed.  The 28/02/2013 is the initial accounting term from the inception of the firm.

Forecast (or estimated) figures for the 29/02/2016 fiscal term.

           

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

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

 

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

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.