MIRA INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
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Name : |
KOHSEI CO LTD |
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Registered Office : |
Kohsei Bldg, 1-11 Nihombashi-Kobunacho
Chuoku Tokyo 103-0024 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1979 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 043180 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of nonferrous metal 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 326.3 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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
KOHSEI CO LTD
REGD NAME
KK Kohsei
MAIN OFFICE
Kohsei Bldg, 1-11 Nihombashi-Kobunacho
Chuoku Tokyo 103-0024JAPAN
Tel:
03-5652-0844 Fax: 03-5652-0845
E-Mail address: traffic@kohsei.co.jp
ACTIVITIES
Import,
export, wholesale of nonferrous metal products
BRANCHES
Hikari
(Yamaguchi)
OVERSEAS
Vietnam,
Korea, Philippines
FACTORIES
At the
caption address, Philippines
OFFICERS
MITSUTOMO
KOMATANI, PRES
Toshinari
Sumi, dir
Fumiteru
Sugano, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 23,065 M
PAYMENTS REGULAR CAPITAL Yen 102 M
TREND SLOW WORTH Yen 3,079 M
STARTED 1979 EMPLOYES 61
COMMENT
TRADING FIRM SPECIALIZING IN NONFERROUS METAL SCRAPS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 326.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Mitsutoyo Komatani in order to make most of his experience in the subject line of business, and has been succeeded by his descendants. This is a trading firm, owned by Komatani family, for import , export and wholesale of nonferrous metal products, such as chlorides, oxides, sulfides, other. Goods are imported from USA< UK, China, Africa, other. Operates wholly-owned subsidiaries in: Vietnam, Korea and Philippines. Clients include major nonferrous metal mfrs, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 23,065 million, a 19% up from Yen 19,367 million in the previous term. Market recovered from the last term when sales were substantially affected by the global economic downturn. Imports/exports revived. China was the main source of recovery where the economies rose substantially. The recurring profit was posted at Yen 217 million and the net profit at Yen 89 million, respectively, compared with Yen 83 million recurring profit and Yen 27 million net profit, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected at Yen 220 million and the net profit at Yen 90 million, respectively, on a 5% rise in turnover, to Yen 84,200 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 326.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1979
Regd No.: (Tokyo-Chuoku) 043180
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
820,000 shares
Issued:
205,000 shares
Sum: Yen 102,500 million
Major shareholders (%): Mitsuyoto Komatani (68),
Toshinari Sumi (7), Shin’ichi Hara (6), Employees’ S/Holding Assn (2)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales nonferrous special metal products: chlorides, oxides, sulfides, also mfrs flexible container bags at a wholly-owned subsidiary, Phil Kohsei Corp, and import them, other (--100%).
Clients: [Mfrs, wholesalers] IHI Master Metal Co, Sumitomo Metal Ind, Shin-Etsu Chemical Co, Daido Metal, TDK, Hitachi Metal Ind, other,
Exports to China, S/E Asia, other (25%)
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from USA, UK, China, Africa, Philippines, other.
Payment record: Regular
Location: Business
area in Tokyo. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
· Mizuho Bank (Yokoyamacho)
· Resona Bank (Nihombashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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24,200 |
23,065 |
19,367 |
36,557 |
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Recur.
Profit |
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220 |
217 |
83 |
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Net
Profit |
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90 |
89 |
27 |
125 |
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Total
Assets |
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13,320 |
13,675 |
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Current
Assets |
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10,015 |
10,292 |
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Current
Liabs |
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7,166 |
6,988 |
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Net
Worth |
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3,079 |
2,989 |
2,962 |
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Capital,
Paid-Up |
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102 |
102 |
102 |
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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 |
4.92 |
19.09 |
-47.02 |
-30.38 |
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Current Ratio |
|
.. |
139.76 |
147.28 |
.. |
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N.Worth Ratio |
.. |
23.12 |
21.86 |
.. |
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R.Profit/Sales |
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0.91 |
0.94 |
0.43 |
.. |
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N.Profit/Sales |
0.37 |
0.39 |
0.14 |
0.34 |
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Return On Equity |
.. |
2.89 |
0.90 |
4.22 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
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UK Pound |
1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.06 |
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 |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.