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Report No. : |
337179 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SANSHO TRADING
CO LTD |
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Registered Office : |
2-1-12 Sakae Nakaku Nagoya 460-0008 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2015 |
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Date of Incorporation : |
March, 1959 |
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Com. Reg. No.: |
1800-01-036109 (Nagoya-Nakaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export and Wholesale of Textiles (Felt, Towel), Yarns, Other. |
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No. of Employees : |
5 |
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
SANSHO TRADING CO LTD
REGD NAME: Sansho
Boeki KK
MAIN OFFICE: 2-1-12
Sakae Nakaku Nagoya 460-0008 JAPAN
Tel: 052-231-2453 Fax: 052-201-9263
*.. Moved to the caption
address from the one as given
URL: N/A
ACTIVITIES
Import, export,
wholesale of textiles (felt, towel), yarns, other
BRANCHES
Nil
OVERSEAS
China, Asia,
Europe, Taiwan, India, other (--Business partners)
OFFICERS
KAZUYOSHI HIRATA,
PRES
Noriaki Hirata,
dir
Shin’ichi Inazawa,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR SALES Yen 95 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 49 M
STARTED 1959 EMPLOYES 5
COMMENT
TRADING FIRM SPECIALIZING IN TEXTILES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 1.8 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject
company is a trading firm for import, export and wholesale of textiles: towels,
felted fabrics, yarns, chemical textiles, other. Imports and exports countries: China, Asia, Europe,
Taiwan, India, Mid/Near East, other.
Clients include towel wholesalers,
FINANCIAL INFORMATION
Financials are
disclosed only partially.
The sales volume
for Feb/2015 fiscal term amounted to Yen 95 million, a similar amount in the
previous term. The net profit was posted
at Yen 1 million, similarly in the previous term.
For the current
term ending Feb 2016 the net profit is projected at Yen 2 million, on a 5% rise
in turnover, to Yen 100 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1.8
million, on 30 days normal terms.
REGISTRATION
Date
Registered: Mar 1959
Regd
No.: 1800-01-036109 (Nagoya-Nakaku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum:
Yen 10 million
Major shareholders (%): Kazuyoshi Hirata (90), Noriaki Hirata (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales: towels, felted fabrics, yarns, chemical textiles, other
(--100%)
Clients: [Mfrs,
wholesalers] Imports from: Korea, UK, China, Taiwan, S/E Asia, other
Domestically: Fuji Corp, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Exports to: Korea, Taiwan, India, Near/Mid East, Hong Kong, other
Domestically: Fuji Felt, other
Payment record: Slow but correct
Location: Business area in
Nagoya. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
SMBC (Nagoya)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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29/02/2016 |
28/02/2015 |
28/02/2014 |
28/02/2013 |
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Annual
Sales |
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100 |
95 |
95 |
100 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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2 |
1 |
1 |
1 |
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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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49 |
48 |
47 |
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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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5.26 |
0.00 |
-5.00 |
-9.09 |
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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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2.00 |
1.05 |
1.05 |
1.00 |
Notes: Financials are only partially disclosed.
Forecast (or
estimated) figures for the 29/02/2016 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.