MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
OSAKA KOEI CO LTD |
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Registered Office : |
Chiyoda No.1 Bldg 10F, 2-4-17 Tenjimbashi Kitaku Osaka 530-0041 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
August 1971 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Construction Firm |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
YEN 1.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
OSAKA KOEI CO LTD
REGD NAME: KK Osaka Koei
MAIN OFFICE: Chiyoda No.1 Bldg 10F, 2-4-17 Tenjimbashi
Kitaku Osaka 530-0041 JAPAN
Tel:
06-6353-5784 Fax: 06-6353-8629
URL: http://www.tokyokoei.com/ (Of Tokyo Koei Co Ltd)
E-Mail address: info@tokyokoei.com
ACTIVITIES
Construction firm
BRANCHES
Nil
OFFICER(S)
YASUSHIGE SHIMOMOTO, PRES
Takeshi Yoshida, dir
Nobuo Hazama, dir
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 91 M
PAYMENTS REGULAR CAPITAL Yen
30 M
TREND SLOW WORTH Yen 10 M
STARTED 1971 EMPLOYES 11
COMMENT
CONSTRUCTION COMPANY.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: CD$184,620.00.
MAX
CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Yasushige Shimomoto in order to make most of
his experience in the subject line of business. This is a construction firm, importing construction materials
from USA, Canada, Europe, other, but in Oct 2007 transferred all the import
business to Tokyo Koei Co Ltd, a construction company based in Tokyo (See
REGISTRATION). By the transfer the
subject firm concentrates on building and construction operations. The revenues were drastically reduced. The construction works were affected by the
decrease of public works and new building regulations enacted last year.
FINANCIAL INFORMATION
The
sales volume for Mar/2008 fiscal term amounted to Yen 91 million, a 75% sharp
drop from Yen 369 million in the previous term. This is referred to the said transfer of import operations to a
subsidiary firm, as well as drastic decline of construction/building works. The net profit was posted at Yen 1 million,
compared with Yen 2 million a year ago.
.
For
the current term ending Mar 2009 the net profit is projected at Yen 1million,
on a 4% rise in turnover, to Yen 95 million.
While the construction works are still not recovered to normal levels,
some refurbishing works are being conducted.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. The proposed
amount, however, is considered TOO HIGH from the recent financial status.
Max credit
limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug
1971
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 240,000
shares
Issued: 60,000
shares
Sum: Yen
30 million
Major shareholders (%)
Yasushige Shimomoto (99)
No. of
shareholders: 3
Nothing detrimental is known as to the commercial morality
of executives.
* Tokyo Koei Co Ltd, owned by
Osaka Koei Co Ltd, engaged in construction works and import of
building/construction materials, including 2x4 housing units,
founded/reorganized in Oct 2007, at Kagurazaka First Bldg 2F, 27 Nakazatocho
Shinjukuku Tokyo; phone: 03-5225-4080; fax: 03-5225-4081, pres Muneo Shimomoto
OPERATION
Activities:
Construction & housing works (--100%)
Clients
[Builders, consultants] Naka-Nihon Kensetsu Consultant, Music
Plaza, other
No. of accounts: Limited
Domestic areas of activities: Centered in greater-Osaka
Suppliers
Mfrs, wholesalers, other.
Payment
record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Osaka-Chuo)
Kansai Urban Bank (Kyobashi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2009 |
31/03/2008 |
31/03/2007 |
31/03/2006 |
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Annual
Sales |
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95 |
91 |
369 |
313 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
2 |
1 |
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Total
Assets |
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N/A |
254 |
N/A |
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Net
Worth |
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10 |
9 |
7 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
4.40 |
-75.34 |
17.89 |
-11.08 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
3.54 |
.. |
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N.Profit/Sales |
1.05 |
1.10 |
0.54 |
0.32 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2009 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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. |
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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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%)