MIRA INFORM REPORT
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Report Date : |
24.08.2011 |
IDENTIFICATION DETAILS
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Name : |
KOHKIN CHEMICAL CO LTD |
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Registered Office : |
3-7-49 Nakaishikiriicho Higashiosaka City
Osaka-Pref 579-8014 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
November 1952 |
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Com. Reg. No.: |
(Osaka-Higashiosaka) 002279 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer, Import, Export of feed additives,
veterinary/fishery preparations |
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 309.7 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 |
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
KOHKIN CHEMICAL CO
LTD
REGD NAME
Kohkin Kagaku KK
MAIN OFFICE
3-7-49
Nakaishikiriicho Higashiosaka City Osaka-Pref 579-8014 JAPAN
Tel:
0729-88-2501 Fax: 0729-88-2130
URL: www.kohkin.co.jp
E-mail: info@kohkin.co.jp
ACTIVITIES
Mfg,
import, export of feed additives, veterinary/fishery preparations
BRANCHES
Tokyo,
Osaka, Kagoshima
FACTORIES
At the
caption address, Kagoshima
OFFICER(S)
RYOICHI
TAMARU, PRES Yoshio Ohtoba, mgn
dir
Hiroshi Onoue, dir Tomohiko Tsuji, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,516 M
PAYMENTS REGULAR CAPITAL Yen 204 M
TREND SLOW WORTH Yen
4,081 M
STARTED 1952 EMPLOYES 62
COMMENT
MFR
SPECIALIZING IN FEED ADDITIVES & VETERINARY PREPARATIONS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT
LIMIT: YEN 309.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Sotogoro Tamaru in order to make
most of his experience in the subject line of business. Ryoichi is his grandson, who took the pres office
in Dec in 2002. Specializes in mfg feed
additives, veterinary/fishery preparations and related products. Products are also imported and exported. Partially manufactures OEM products. Clients include major feed dealers
nationwide.
FINANCIAL INFORMATION
The sales volume for Sept/2010 fiscal term amounted to Yen 6,516
million, a 13% down from Yen 7,477 million in the previous term. The recurring profit was posted at Yen 600
million and the net profit at Yen 332 million, respectively, compared with Yen
727 million recurring profit and Yen 382 million net profit, respectively, a
year ago. .
For the current term ending Sept 2011 the recurring profit is projected
at Yen 610 million and the net profit at Yen 335 million, respectively, on a 3%
rise in turnover, to Yen 6,700 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 309.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1952
Regd No.: (Osaka-Higashiosaka) 002279
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1.6 million shares
Issued: 405,000
shares
Sum: Yen 204 million
Major shareholders (%): Osaka Small & Medium
Business Investment (31.9), Ryoichi Tamaru
(23.5)
No. of shareholders: 23
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures, imports and exports feed additives (80%), veterinary/fishery preparations (19%), OEM production (1%).
Clients: [Feed dealers, pharmaceutical mfrs] Itochu Feed, Nagase & Co, Nosan Corp, Kyodo Shiryo, Marubeni Nisshin Feed, Chubu Shiryo, Nichiwa Sangyo, Tomita Pharmaceutical, Atol Co, Zen-Noh, other
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nihon Nohyaku, Meiji Seika, Eli Lilly Japan, Phibro Corp, other
Payment record: Regular
Location: Business area in Higashiosaka City. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· MUFG (Kawaramachi)
· Mizuho Bank (Higashiosaka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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6,700 |
6,516 |
7,477 |
6,678 |
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Recur.
Profit |
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610 |
600 |
727 |
537 |
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Net
Profit |
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335 |
332 |
382 |
280 |
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Total
Assets |
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5,661 |
5,970 |
5,873 |
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Current
Assets |
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4,845 |
5,103 |
5,000 |
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Current
Liabs |
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1,305 |
1,855 |
1,958 |
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Net
Worth |
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4,081 |
3,790 |
3,424 |
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Capital,
Paid-Up |
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204 |
204 |
204 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
60.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.82 |
-12.85 |
11.96 |
5.23 |
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Current Ratio |
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.. |
371.26 |
275.09 |
255.36 |
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N.Worth Ratio |
.. |
72.09 |
63.48 |
58.30 |
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R.Profit/Sales |
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9.10 |
9.21 |
9.72 |
8.04 |
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N.Profit/Sales |
5.00 |
5.10 |
5.11 |
4.19 |
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Return On Equity |
.. |
8.14 |
10.08 |
8.18 |
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Notes:
Forecast (or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.69 |
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UK Pound |
1 |
Rs.75.29 |
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Euro |
1 |
Rs.65.77 |
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.