MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SOHBI
KOHGEI CO LTD |
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Registered Office : |
1-36 Takefuchi-Nishi
Yao City Osaka-Pref 581-0051, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.01.2007
(Estimated) |
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Date of Incorporation : |
March
1965 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer
of press & metal molds for industrial machinery
& equipment |
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 |
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Maximum Credit Limit : |
Yen 84.5 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
SOHBI
KOHGEI CO LTD
REGD NAME
KK Sohbi
Kohgei
MAIN OFFICE
1-36
Takefuchi-Nishi Yao City Osaka-Pref 581-0051 JAPAN
Tel :
06-6790-5181
Fax : 06-5790-5186
URL : http://www.sohbikogei.jp
E-Mail address :
info@sohbikogei.jp
ACTIVITIES
Mfg of press & metal molds for industrial machinery &
equipment
BRANCHES
Nil
FACTORY(IES)
At the caption address, Suzuka
OVERSEAS
China (2), Thailand (2), Philippines (--subsidiary factories)
OFFICERS
TOSHIO KONDOH, PRES Yukio
Hirota, dir
Sumio Ohtsuji, dir Toshinori
Kondoh, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,303 M
PAYMENTS REGULAR CAPITAL Yen 36 M
TREND STEADY WORTH Yen 1,082 M
STARTED 1965 EMPLOYES 94
COMMENT
MFR SPECIALIZING IN PRESSES & METAL MOLDS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 84.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by father of Toshio Kondoh in
order to make most of his experience in the subject line of business.
Specializes in mfg metal dies & presses for automobiles, TV’s, OA
equipment, other equipment. Has 5
overseas factories for mfg these items (See OPERATION for mfg categories). Clients are major electronics mfrs
nationwide. The firm does not disclose
full financials only except the following partial figures.
FINANCIAL INFORMATION
The sales volume for Jan/2006 fiscal term amounted to Yen 5,303 million,
a 35% sharp rise from Yen 3,932 million in the previous term. Demand for flat panel TV’s boosted on the
back of robust sales of flat-panel TV’s in Japan. The net profit more than doubled to Yen 565 million from Yen 241
million a year ago.
For the current term ending Jan 2007 the net profit is projected
at Yen 580 million, on a 9% hike in turnover, to Yen 5,800 million. Demand continues increasing. Weaker Yen may contribute to sales growth in
Yen terms.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 84.5 million, on 30 days normal terms.
REGISTRATION
Date Registered :
Mar 1965
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
288,000 shares
Issued :
72,000 shares
Sum :
Yen 36 million
Major shareholders (%)
Kotobuki Sanko*(36), Toshio Kondoh (22), Yaeko Kondoh (15)
*.. Holding company owned by the Kondoh family.
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Manufactures metal molds, presses, other parts for
electronics, OA equipment, precision instruments, other (--100%).
(Mfg items by factories)
Headquarter Factory: parts &
components for 65 flat-panel TV frames
Sohbi Thailand: automobile-related
parts & components
Press Craft (Thailand): telephone frames,
flat PDP TV parts & components
Sohbi Philippines: parts &
components for printers, copiers, PC hard-disk, automobile
Sohbi Suzhou: parts &
components for copiers, printers
Clients
[Electronics mfrs] Kyocera Corp, Sharp Corp, Sony Corp, Pioneer
Corp, Fujitsu Ltd, Oki Electric Ind, NEC, Oki Data, Ushio Inc, Orion Electric,
other.
No. of accounts
800
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Hanwa Corp, Itochu Corp, Sharp Corp, Toyo
Cloth, JFE Shoji Trading, Wada Mfg, Daiyu Kogyo, other. Imports from China, Thailand, Philippines,
etc.
Payment record
Regular
Location
Business area in Yao City, adjacent to Osaka City. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Imazato)
Mizuho Bank (Hirano)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/01/2007 |
31/01/2006 |
31/01/2005 |
31/01/2004 |
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Annual
Sales |
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5,800
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5,303
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3,932
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2,461
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Recur.
Profit |
(*) |
.. |
.. |
407 |
397 |
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Net
Profit |
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580 |
565 |
241 |
253 |
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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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1,082
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517 |
276 |
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Capital,
Paid-Up |
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36 |
36 |
36 |
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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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S.Growth Rate |
9.37 |
34.87
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59.77
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5.67 |
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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 |
10.00
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10.65
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6.13 |
10.28
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Financials are only partially disclosed.
Forecast (or estimated) for the 31/01/2007 fiscal term.
Pretax profits disclosed from the Taxation Office.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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