MIRA
INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
YONE CORPORATION |
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Registered Office : |
23 Nishinakaaicho Nishinokyo Sakyoku Kyoto
604-8441 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2010 |
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Year of Establishment : |
October 1953 |
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Com. Reg. No.: |
Kyoto-Nakagyoku) 023084 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of fire-fighting equipment, attachments. |
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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-- |
NB |
New Business |
-- |
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Maximum Credit Limit : |
Yen 36.9 Million |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan
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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 and address
YONE CORPORATION
REGD NAME: Yone
KK
MAIN OFFICE: 23
Nishinakaaicho Nishinokyo Sakyoku Kyoto 604-8441 JAPAN
Tel: 075-821-1185 Fax: 075-801-2263
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
fire-fighting equipment, attachments
BRANCHES
Tokyo
FACTORIES
At the caption
address, Kyoto (Tot 2)
OFFICERS
TOYOHIKO YONEDA,
PRES Rikizo Yoneda, ch
Hyoe Takamuro, mgn
dir Kenji Katoh, dir
Teruo Okushima,
dir Komasaburo
Kusakabe, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,993 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
980 M
STARTED 1953 EMPLOYES 35
COMMENT
MFR OF FIRE-FIGHTING EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 36.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
originally in 1941 by Rikizo Yoneda, now ch, for mfg fire-fighting equipment,
on his account. Incorporated in 1953 the
firm has been succeeded by his descendants.
Toyohiko is his son, who took the pres office in 1987. This is a specialized mfr of fire-fighting
equipment and attachments.
FINANCIAL INFORMATION
Financials are only partially
disclosed as is the case with family-based companies.
The sales volume for May/2010 fiscal term amounted to Yen 1,993 million,
an almost similar amount of Yen 2,000 million in the previous term. The net profit was posted at Yen 85 million,
similarly in the previous period.
For the term that ended May 2011 the
net profit was projected at Yen 90 million, on a 5% rise in turnover, to Yen
2,100 million. Demand increased substantially
following the Mar 11 North Japan Earthquake.
Final results are yet to be released.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 36.9
million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct
1953
Regd No.:
(Kyoto-Nakagyoku) 023084
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major
shareholders (%): Toyohiko Yoneda (50), Rikizo Yoneda (20)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
fire-fighting & disaster prevention machines/equipment, fluid conveyance
devices, and attachments (couplings, nozzles, valves, cocks, pipe joints,
other) (--100%).
Clients: [Mfrs,
wholesalers] Morita Econos Corp, Kinpai Corp, Nihon Kikai Kogyo Co, Nippon
Dry-Chemical Co, Yoshitani Kikai-Seisakusho Inc, Shin Meywa Ind, GM Ichihara
Ind, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Keika Co, Kida Valve Ball Co, Yamada Mfg Co, Matsuda Kinzoku
Kogyo, Asahi Denki Seiko, other
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Bank of Kyoto (H/O)
Resona Bank
(Shijo-Omiya)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2011 |
31/05/2010 |
31/05/2009 |
31/05/2008 |
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Annual
Sales |
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2,100 |
1,993 |
2,000 |
1,793 |
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Recur.
Profit |
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Net
Profit |
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90 |
85 |
85 |
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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980 |
921 |
862 |
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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 |
5.37 |
-0.35 |
11.54 |
6.16 |
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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 |
4.29 |
4.26 |
4.25 |
4.35 |
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Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 31/05/2011 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.45.27 |
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1 |
Rs.73.34 |
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Euro |
1 |
Rs.64.58 |
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 |
-- |
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.