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Report No. : |
343833 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
KURUSU INTERNATIONAL CO LTD |
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Registered Office : |
1-34-2 Kinuta Setagayaku Tokyo 157-0073 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
June 1979 |
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Com. Reg. No.: |
0109-01-003508
(Tokyo-Setagayaku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Subject is engaged in retails of furniture, interior
goods, upholstery (rugs & carpets, curtains) |
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No. of Employee : |
23 |
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 |
COMPANY NAME
KURUSU INTERNATIONAL CO LTD
REGD NAME: Kurusu
International KK
ADDRESS
1-34-2 Kinuta Setagayaku
Tokyo 157-0073 JAPAN
Tel:
03-3417-4622 Fax: 03-3466-8055
*.. The is
one of its 4 stores
URL: N/A
ACTIVITIES
Retail
of furniture
BRANCHES
Setagayaku
(as given), Meguroku, Kichijoji (2) (Tot 4 stores)
FACTORIES
Setagayaku
(Workshop)
OFFICERS
EIJI
ISHIKAWA, PRES
Kimiko
Ishikawa, dir
Miyuki
Maeyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 310 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND STEADY WORTH Yen 388 M
STARTED 1979 EMPLOYES 23
COMMENT
RETAILER OF FURNITURE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 5.7 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject
company was established by Eiji Ishikawa in order to make most of his
experience in the subject line of business.
This is a retailer of furniture, interior goods, upholstery (rugs &
carpets), other. Operates 4 stores in Tokyo.
FINANCIAL INFORMATION
Financials
are disclosed only partially. Profits
are not disclosed and only estimated.
The
sales volume for Mar/2015 fiscal term amounted to Yen 310 million, a 3% up from
Yen
300 million in the previous term. The
net profit is estimated posted at Yen 16 million, compared with Yen 15 million
a year ago.
For
the current term ending Mar 2016 the net profit is projected at Yen 17 million,
on a 3% rise in turnover, to Yen 320 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 5.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1979
Regd No.: 0109-01-003508
(Tokyo-Setagayaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 520 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Eiji
Ishikawa (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Retails
furniture, interior goods, upholstery (rugs & carpets, curtains), other,
operating 4 stores in Tokyo (--100%)
Clients: Consumers, buyers, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in the greater-Tokyo
Suppliers: [Mfrs, wholesalers] Y Ikemura &
Co, Moriyoshi Co, Give Heart Co, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactory.
Bank References:
MUFG
(Shinjukudori)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
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320 |
310 |
300 |
300 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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17 |
16 |
15 |
15 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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388 |
373 |
358 |
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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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3.23 |
3.33 |
0.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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5.31 |
5.16 |
5.00 |
5.00 |
Notes:
Financials are only partially disclosed.
Profits are not disclosed and only estimated.
Forecast
(or estimated) figures for the 31/03/2016 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.