MIRA INFORM REPORT

 

 

Report No. :

345873

Report Date :

16.10.2015

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL SERVICES CORPORATION

 

 

Registered Office :

2-4-16 Amanuma Suginamiku Tokyo 167-0032

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

July 1991

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Subject is a trading firm for import, export and wholesale of petroleum plant facilities, equipment/parts, industrial chemicals, steel products, other (--100%)

 

 

No. of Employee :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY NAME AND ADDRESS

 

INTERNATIONAL SERVICES CORPORATION

 

REGD NAME:               International Service KK

MAIN OFFICE:              2-4-16 Amanuma Suginamiku Tokyo 167-0032 JAPAN

                                                Tel: 03-5335-3711      Fax: 03-5335-3700

 

URL:                             N/A

 

 

ACTIVITIES

 

Import, export, wholesale of petroleum plant facilities/equipment, other

 

 

BRANCHES

 

Nil

 

 

OVERSEAS

 

Taiwan, UAE, Iran, China, other (--Business partners)

 

 

OFFICERS

 

A MOAZENI, PRES (Only phonetically spelled)

Junko Moazeni, dir                    Ruri Moazeni, dir

Miha Moazeni, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 2,619 M

PAYMENTSNO COMPLAINTS    CAPITAL           Yen 95 M

TREND UP                                WORTH            Yen 333 M      

STARTED         1991                             EMPLOYES      15

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN PETROLEUM FACILITIES, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR

ORDINARY BUSINESS ENGAGEMENTS.

                       

 

 

HIGHLIGHTS

           

The subject company is a trading firm for import, export and wholesale of petroleum facilities/equipment, steel products, industrial chemicals, other.  Operations extended to Taiwan, UAE, Iran, China, other oil producing countries. 

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially as from the 31/03/2014 fiscal term.

 

The sales volume for Mar/2015 fiscal term amounted to Yen 2,619 million, a 6% up from

Yen 2,479 million in the previous term.  The net profit was posted at Yen 45 million, compared with Yen 36 million a year ago.

 

For the current term ending Mar 2016 the net profit is projected at Yen 50 million, on a 5% rise in turnover, to Yen 2,750 million.  Business is seen expanding steadily.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

    

Date Registered:                       Jul 1991

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  7,600 shares

Issued:                         1,900 shares

Sum:                            Yen 95 million

Major shareholders (%):           Ali Moazeni (100)

 

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

 

 

OPERATION

           

Activities: A trading firm for import, export and wholesale of petroleum plant facilities, equipment/parts, industrial chemicals, steel products, other (--100%)

 

Clients: [Mfrs, wholesalers] Farabi Petrochemical Co, Mehr Petrochemical Co, Bandal Imam Petrochemical Co (10%), Esfahan Steel Co (5%), other 

 

No. of accounts: Unavailable

 

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Motoyama Engineering Works, Kobe Steel, Tosoh, Tsubakimoto Bulk Systems, Kurimoto Ltd (Iron Works), Nagano Keiki Co, Nikkiso Co, other

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Ogikubo)

MUFG (Shinjuku-Nishi)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

31/03/2016

31/03/2015

31/03/2014

31/03/2013

Annual Sales

　

2,750

2,619

2,479

2,308

Recur. Profit

　

..

..

..

62

Net Profit

　

50

45

36

29

Total Assets

　

　

N/A

N/A

1,043

Net Worth

　

　

333

288

272

Capital, Paid-Up

　

　

95

95

95

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

5.00

5.65

7.41

-1.79

    Current Ratio

　

　

..

..

..

    N.Worth Ratio

　

　

..

..

26.08

    N.Profit/Sales

　

1.82

1.72

1.45

1.26

 

Notes: Financials are only partially disclosed as from the Mar/2014 fiscal term

 

Forecast (or estimated) figures for the 31/03/2016 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.82

UK Pound

1

Rs.100.41

Euro

1

Rs.74.50

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 

 

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.