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Report No. : |
337297 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ART INTERNATIONAL CO LTD |
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Registered Office : |
6-23-7 Aoi Adachiku Tokyo 121-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
September 1994 |
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Com. Reg. No.: |
0118-02-03006 (Tokyo-Adachiku) |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Subject is import, wholesale of apparel, fabrics, upholstery, craft goods, all from India |
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No. of Employee : |
9 |
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
ART INTERNATIONAL CO LTD
REGD NAME: YK
Art International
MAIN OFFICE: 6-23-7
Aoi Adachiku Tokyo 121-0012 JAPAN
Tel:
03-3889-0111 Fax: 03-3889-0114
*.. Moved
to the caption address from the one as given
URL: http//:www.art-indo.com
E-mail: info@art-indo.com
ACTIVITIES
Import,
wholesale of apparel, fabrics, upholstery, craft goods, all from India
BRANCHES
Nil
OFFICER(S)
MUNINDRA
KUMAR PANDA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 200 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 3 M
TREND SLOW WORTH Yen 75 M
STARTED 1994 EMPLOYES 9
COMMENT
TRADING
FIRM SPECIALIZING IN APPAREL & FABRICS
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 3.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by M K Panda, an Indian
resident, in order to make most of his experience in foreign trading. This is a trading firm specializing in import
and wholesale of apparel, interior fabrics, folk arts, other, all from
India. Goods are shipped to department
stores, supermarkets, specialty stores, other.
FINANCIAL
INFORMATION
Financials are only partially disclosed. Profits are not precisely disclosed and are
only estimated.
The sales volume for Dec/2014 fiscal term amounted to Yen
200 million, a similar amount in the previous term. The net profit is estimated posted at Yen 6
million, similarly in the previous term.
.
For the current term ending Dec 2015 the net profit is
projected at Yen 10 million, on a 5% rise in turnover, to Yen 210 million. Weaker Yen may increase import revenues in
Yen terms.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 3.6 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Sept 1994
Regd No.: 0118-02-03006
(Tokyo-Adachiku)
Legal Status:
Private Limited Company (Yugen Gaisha)
Regd Capital: Yen 3 million
Major shareholders (%): M K Panda (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales apparel, fabrics,
works of arts, all from India (--100%):
(Items handled):
Apparel: blouse, skirt, pants, short dress,
vest, apron, jacket, apron dress regular, apron dress embroidery, multi cover,
cotton voile blouse, rayon U-dress, stole, scarf, bag, other clothing
accessories;
Fabric products: table cover, articles of cloth for
table, multi cover, curtain, cushion cover, fabric products for room;
Craft Goods: Brass craft goods, wood carving craft
good, other miscellaneous goods, other.
Clients: Department stores, chain stores,
specialty stores, other
No. of
accounts: 100
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports wholly
from India.
Payment record: Slow
but correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Ueno)
Mizuho
Bank (Inaricho)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
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Annual
Sales |
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210 |
200 |
200 |
200 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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10 |
6 |
6 |
6 |
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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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75 |
69 |
63 |
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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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5.00 |
0.00 |
0.00 |
100.00 |
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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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4.76 |
3.00 |
3.00 |
3.00 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2015 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.