MIRA INFORM REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
KYODO CO INC |
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Registered Office : |
First Semba Bldg 1001, 2-6-5 Minamihonmachi Chuoku |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
September
1977 |
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Com. Reg. No.: |
(Osaka-Chuoku)
078101 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of iron/steel products |
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 |
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Maximum Credit Limit : |
Yen 129.6 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company
Name
KYODO CO INC
REGD
NAME
KK Kyodo Bussan
Boeki
MAIN
OFFICE
First Semba Bldg
1001, 2-6-5 Minamihonmachi Chuoku
Tel:
06-6244-9381 Fax: 06-6244-9536
URL: N/A
ACTIVITIES
Export
of iron/steel products
BRANCHES
Nil
OFFICER(S)
NORIHISA
KIMURA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 7,200 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
934 M
STARTED 1977 EMPLOYES 12
COMMENT
EXPORTER
OF STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 129.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Norihisa Kimura in
order to make most of his experience in the subject line of business. This is a trading firm, owned & operated
by Kimura families, for export of iron & steel products. Exports to Asian countries:
FINANCIAL
INFORMATION
Financials are only partially disclosed as is the case with family-based companies.
The sales volume for Mar/2010 fiscal term amounted to Yen 7,200 million, a 1.4% down from Yen 7,300 million in the previous term. Export revenues decreased in Yen terms due to the high Yen. The net profit is estimated posted at Yen 72 million, compared with Yen 73 million a year ago. .The net profits were not precisely disclosed.
For the current term ending Mar 2011 the net profit is projected at Yen 75 million, on a 3% rise in turnover, to Yen 7,400 million. Exports revived.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 129.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 1977
Regd No.: (Osaka-Chuoku) 078101
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%):
Norihisa Kimura (100)
Nothing
detrimental is known as to his commercial morality.
OPERATIOn
Activities: Exports iron & steel products (--100%)
Clients: [Mfrs, wholesalers]
Exports to:
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Sojitz Corp, Toyota Tsusho Corp, other
Payment record: Regular
Location:
Business area in
Bank References:
SMBC
(Midosuji)
MUFG
(Kawaramachi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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7,400 |
7,200 |
7,300 |
7,800 |
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Recur.
Profit |
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Net
Profit |
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75 |
72 |
73 |
78 |
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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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934 |
862 |
789 |
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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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S.Growth Rate |
2.78 |
-1.37 |
-6.41 |
4.00 |
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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 |
1.01 |
1.00 |
1.00 |
1.00 |
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Notes:
Financials are only partially disclosed.
Profits are estimated as not disclosed.
Forecast
(or estimated) figures for the 31/03/2011 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.44.22 |
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1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
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.