MIRA INFORM REPORT
|
Report Date : |
23.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
GIFU BATTERY SALES CO LTD |
|
|
|
|
Registered Office : |
1-20 Kinoshitacho Gifu 500-8154 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2010 |
|
|
|
|
Date of Incorporation : |
November 1973 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale
of industrial & car batteries |
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 8.5 Million |
|
Status : |
Small Company |
|
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
GIFU BATTERY SALES CO LTD
REGD NAME
KK Gifu Battery
Hambai
MAIN OFFICE
1-20 Kinoshitacho
Gifu 500-8154 JAPAN
Tel: 058-247-1860 Fax: 058-248-0734
URL: http://www.tb-battery.com/
E-Mail address: info@garden-goods.com
ACTIVITIES
Import,
wholesale of industrial & car batteries
BRANCHES
Nil
FACTORIES
At the
caption address (processing/repairing yard)
OFFICER(S)
AKIHIRO
HAYASHI, PRES
Kiyoshi
Shindo, s/mgn dir
Yoshihiro
Togo, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
699 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
95 M
STARTED 1973 EMPLOYES 11
COMMENT
TRADING FIRM SPECIALIZING IN INDUSTRIAL & CAR
BATTERIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 8.5
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1968 by Akihiro
Hayashi for wholesaling batteries, on his account, and was incorporated in
1973. This is a trading house for importing
and wholesaling batteries for industrial and car use. Items handled include emergency batteries,
shield sealing type batteries, car coolers, etc. Imports of batteries started in 1986, when
the firm concluded import agreement of OEM batteries produced by Global Yuasa
Co Ltd, a Japan/Korea JV. In Apr 1998,
started imports of forklift batteries from UK & USA. Batteries for motorcycles are mostly OEM
manufactured. Goods are imported from
Korea, UK, USA, Thailand, etc, directly and/or through trading houses. Goods are also marketed online through
Garden-goods.com. Co Ltd, Nagoya, which also maintains the subject’s Website,
and handles sales promotion PR, etc.
Goods are exported to China, other S/E Asian countries, where demand
continues growing.
FINANCIAL INFORMATION
The sales volume for Jul/2010 fiscal term amounted to Yen 699 million,
an 11% up from Yen 632 million in the previous term. After the poor market in the previous term as
affected by the global economic downturn, demand increased particularly from
car & motorcycle makers in China and other S/E Asian countries. Batteries for emergency storage cells also
increased. The recurring profit was
posted at Yen 12 million and the net profit at Yen 11 million, respectively,
compared with Yen 7 million recurring profit and Yen 5 million net profit,
respectively, a year ago.
For the current term ending Jul 2011 the recurring profit is projected
at Yen 13 million and the net profit at Yen 11 million, respectively, on a 7%
rise in turnover, to Yen 750 million.
Sales continue growing into China and other S/E Asia.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 8.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1973
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000
shares
Sum: Yen 10
million
Major shareholders (%):
Akihiro Hayashi (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales batteries for industrial & vehicle use: forklift, golf cart, jet
ski, electromotive conveyers, car
floor cleaning machines, others (--60%); batteries for import & do mestically-made
automobiles, specialty-purpose vehicles, motorcycles, others (--40%).
Batteries for motorcycles are also manufactured on OEM basis for other
makers.
Goods are imported from UK, USA, Korea, Thailand, etc, directly or thru
trading houses.
Clients: [Car parts
dealers, rental stores, wholesalers] Japan Automotive Service Industry Commerce
Assn, Gifu Nisseki, Nikken Corp, Wakita & Co, S Line Gifu, Gifu Subaru
Motor, other.
No. of accounts: 700
Domestic areas of
activities: Centered in greater-Nagoya
Suppliers: [Battery makers,
wholesalers] Nippon Battery, Chubu GS Hambai, Nippon Parts Kiki, US Battery, Hyundai Battery, Classic UK,
Sanko Inc, Sumitomo Corp, GS Yuasa Battery Sales, Sanko Dentsu, other.
Payment record: Regular
Location: Business area in
Gifu. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Jyuroku Bank (H/O)
Ogaki Kyoritsu Bank (Umebayashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/07/2011 |
31/07/2010 |
31/07/2009 |
31/07/2008 |
|
|
Annual
Sales |
|
750 |
699 |
632 |
652 |
|
Recur.
Profit |
|
13 |
12 |
7 |
6 |
|
Net
Profit |
|
11 |
11 |
5 |
2 |
|
Total
Assets |
|
|
530 |
534 |
601 |
|
Current
Assets |
|
|
424 |
387 |
452 |
|
Current
Liabs |
|
|
208 |
157 |
255 |
|
Net
Worth |
|
|
95 |
84 |
79 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.30 |
10.60 |
-3.07 |
2.03 |
|
|
Current Ratio |
|
.. |
203.85 |
246.50 |
177.25 |
|
N.Worth Ratio |
.. |
17.92 |
15.73 |
13.14 |
|
|
R.Profit/Sales |
|
1.73 |
1.72 |
1.11 |
0.92 |
|
N.Profit/Sales |
1.47 |
1.57 |
0.79 |
0.31 |
|
|
Return On Equity |
.. |
11.58 |
5.95 |
2.53 |
|
Notes: Forecast (or estimated) figures for the 31/07/2011 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
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.