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Report No. : |
337374 |
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Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
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Name : |
MIWA SANGYO CO LTD |
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Registered Office : |
Yubinbango 2340051, Yokohamakanagawa Prefecture Konan Ku Hono 4-10-10 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2014 |
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Date of Incorporation : |
June 1978 |
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Com. Reg. No.: |
0200-02-019985 (Yokohama-Konanku) |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Imports and wholesales garden stones,
stone lanterns, other (--100%) |
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No. of Employee : |
3 |
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
MIWA SANGYO CO LTD
REGD NAME: Miwa Sangyo YK
MAIN OFFICE: 1836 Totsukacho Totsukaku
Yokohama 244-0003 JAPAN
Tel: 045-852-7381 Fax: 045-851-7644
*.. The is its
registered address
URL: http://www.miwasangyo.co.jp
E-Mail address: info@miwasangyo.co.jp
ACTIVITIES
Import, wholesale
of garden stones, stone lanterns, other
BRANCHES
Nil
OFFICERS
YOICHIRO TANIMURA,
PRES
Nobuo Tanimura,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 80 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen
3 M
TREND SLOW WORTH Yen 221 M
STARTED 1978 EMPLOYES 3
COMMENT
WHOLESALER OF GARDEN STONES.
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 family-based wholesaler of garden stones, stone
lanterns, other. Stones are imported
from China, Korea, China, India, Europe, other.
Clients include gardening companies, other
FINANCIAL
INFORMATION
Financials are disclosed only partially.
The sales volume for May/2014 fiscal term amounted to Yen 80 million, a
similar amount in the previous term in the previous term. The net profit was posted at Yen 10 million,
similarly in the previous term.
For the term that ended May 2015 the net profit was projected at Yen 11
million, on a 3% rise in turnover, to Yen 82 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: Jun 1978
Regd No.:
0200-02-019985 (Yokohama-Konanku)
Legal Status: Private Limited Company (Yugen Gaisha)
Authorized: 3,000 shares
Issued: 3,000 shares
Sum: Yen 3 million
Major
shareholders (%): Yoichiro Tanimura (100)
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales garden stones, stone lanterns, other (--100%)
Clients: [Mfrs,
wholesalers] Sumitomo Forestry, Kadokuragumi, Houze Co, Tokoname Epcos Co, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from China, India, Korea, Italy, Germany, France, other.
Domestically: Agricultural Coop
Ibaraki-Pref. Agricultural Coop Shimane-Pref, other
Payment record: Slow but correct
Location: Business area in
Yokohama. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Yokohama)
Yokohama Shinkin
Bank (H/O)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/05/2015 |
31/05/2014 |
31/05/2013 |
31/05/2012 |
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Annual
Sales |
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82 |
80 |
80 |
79 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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11 |
10 |
10 |
9 |
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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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221 |
211 |
201 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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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2.50 |
0.00 |
1.27 |
-1.25 |
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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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13.41 |
12.50 |
12.50 |
11.39 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/05/2015 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 |
-- |
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.