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MIRA INFORM REPORT

 

 

Report Date :

19.04.2011

 

 

IDENTIFICATION DETAILS

 

Name :

KIMURA SHOTEN CO LTD

 

 

Registered Office :

2-10-8 Miyoshi Kotoku Tokyo 135-0022

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2010

 

 

Year of Establishment :

1966

 

 

Com. Reg. No.:

(Tokyo-Kotoku) 003107

 

 

Legal Form :

Limited Company.

 

 

Line of Business :

Wholesale of Soy Beans, Rice.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 34.8 Million

Status :

Moderate

Payment Behaviour :

Regular

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

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

KIMURA SHOTEN CO LTD

REGD NAME:   KK Kimura Shoten

 

 

Company MAIN OFFICE

           

2-10-8 Miyoshi Kotoku Tokyo 135-0022 JAPAN

Tel: 03-3642-2005     Fax: 03-3642-5641

 

URL:                 http//:www.k-kimura.co.jp

E-mail:             (thru the URL)   

 

 

ACTIVITIES  

 

Wholesale of soy beans, rice

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)  

 

TOSHIKO KIMURA, PRES

Naohisa Kimura, s/mgn dir

Masako Kimura, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 1,907 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND             SLOW               WORTH            Yen 104 M

STARTED                     1966                 EMPLOYES      7

 

 

 

 

COMMENT

 

WHOLESALER SPECIALIZING IN SOY BEANS AND RICE. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: CD$192,000.00ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 34.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by husband of Toshiko Kimura in order to make most of his experience in the subject line of business.  This is a family-based trader specializing in rice & soy beans.  Clients include major mfrs of miso & soy sauce.  Goods are imported thru trading houses. 

 

 

FINANCIAL INFORMATION

 

The sales volume for Sept/2010 fiscal term amounted to Yen 1,907 million, a 17% down from Yen 2,289 million in the previous term, as affected by the global economic downturn.  The operations continued in the red to post Yen 1 million recurring loss and Yen 1 million net losses, respectively, compared with Yen 2 million recurring loss and Yen 2 million net losses, respectively, a year ago.  .

 

For the current term ending Sept 2011 the operations are projected to come back to profitability to post Yen 5 million recurring profit and Yen 5 million net profits, respectively, on a 5% rise in turnover, to Yen 2,000 million.  Materials price hike will contribute to the sales. 

           

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 34.8 million, on 30 days normal terms.  The proposed amount is considered within the firm’s financial capacities. 

 

 

REGISTRATION

 

Date Registered:  Jan 1966

Regd No.:            (Tokyo-Kotoku) 003107

Legal Status:    　Limited Company (Kabushiki Kaisha)

Authorized:      　80,000 shares

Issued:             　20,000 shares

Sum:                　Yen 10 million

Major shareholders (%): Toshiko Kimura & families (--100)

No. of shareholders: 7

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

 

OPERATION

 

Activities: Imports (thru trading houses) and wholesales soy beans, rice, other (--100%)

 

Clients: [Mfrs, wholesalers] Miyasaka Jozo Co, Tokyo Miso Coop, Matsukame Miso, Takeda Miso, Maruman Co, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Sojitz Corp, Mitsubishi Corp, Toyota Tsusho Corp, Nissin Oilio Group, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned by Toshiko Kimura as her private residence and maintained satisfactorily.

 

Bank References:         Resona Bank (Kinshicho)

Tokyo Tomin Bank (Fukagawa)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

30/09/2011

30/09/2010

30/09/2009

30/09/2008

Annual Sales

　

2,000

1,907

2,289

2,977

Recur. Profit

　

5

-1

-2

　

Net Profit

　

5

-1

-2

-1

Total Assets

　

　

458

484

　

Current Assets

　

　

416

444

　

Current Liabs

　

　

354

378

　

Net Worth

　

　

104

105

107

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.88

-16.69

-23.11

13.71

    Current Ratio

 

..

117.51

117.46

..

    N.Worth Ratio

..

22.71

21.69

..

    R.Profit/Sales

 

0.25

-0.05

-0.09

..

    N.Profit/Sales

0.25

-0.05

-0.09

-0.03

    Return On Equity

..

-0.96

-1.90

-0.93

 

Notes: Forecast (or estimated) figures for the 30/09/2011 fiscal term. 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.27

UK Pound

1

Rs.72.08

Euro

1

Rs.63.66

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.