MIRA INFORM REPORT

 

 

Report Date :           

26.08.2011

 

IDENTIFICATION DETAILS

 

Name :

OKUSHOJI STEEL CO LTD

 

 

Registered Office :

Namba Park Square Tower 27F, 2-10-70 Nambanaka Naniwaku Osaka 556-0011

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

October 1981

 

 

Com. Reg. No.:

(Osaka-Naniwaku) 026174

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of steel products

 

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 98.1 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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

OKUSHOJI STEEL CO LTD

 

 

REGD NAME 

 

Okushoji Steel KK

 

 

MAIN OFFICE

 

Namba Park Square Tower 27F, 2-10-70 Nambanaka Naniwaku Osaka 556-0011, JAPAN

Tel: 06-6644-7733      Fax: 06-6644-6333

URL:                 N/A

 

 

ACTIVITIES

 

Import, export, wholesale of steel products

 

 

BRANCHES   

 

Tokyo

 

 

OFFICERS

 

HIROYASU OKUSHOJI, PRES              

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        R/WEAK                       A/SALES          Yen 5,312 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND SLOW                          WORTH            Yen 213 M

STARTED         1981                             EMPLOYES      3

 

COMMENts

 

TRADING FIRM SPECIALIZING IN STEEL RPODUCTS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 98.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hiroyasu Okushoji in order to make most of his experience in the subject line of business.  This is a trading firm for import, export and wholesale of steel products: steel plates, steel pipes, steel coils, steel scraps, other.  Goods are widely exported to China, Taiwan, Korea, India, Vietnam, other. 

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Sept/2010 fiscal term amounted to Yen 5,312 million, a 16% up from Yen 4,580 million in the previous term.  Exports were robust into China, Vietnam, India, other S/E Asian countries, says the firm.  The net profit was posted at Yen 21 million, compared with Yen 24 million a year ago.

 

For the current term ending Sept 2011 the net profit is projected at Yen 25 million, on a 5% rise in turnover, to Yen 5,600 million.  Exports continue increasing. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 98.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Oct 1981

Regd No.:            (Osaka-Naniwaku) 026174

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Hiroyasu Okushoji (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Imports, exports and wholesales steel products: steel plates, steel coils, steel pipes, H-beams, ERW pipes, steel scraps, others (--100%)

 

Clients: [Mfrs, wholesalers] Exports to China, India, Taiwan, Korea, Vietnam, other.

Domestic clients: Nippon Steel Trading Co, Tetsusho Ueko, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Osaka

 

Suppliers: [Mfrs, wholesalers] Nippon Steel Trading Co, Sumikin Bussan Corp, Sumikin Steel & Shapes Inc, Gotetsu Sangyo Co, Yohkoh Bussan Co, other

 

Payment record: Regular

Location: Business area in Osaka.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Nishi-Noda)

MUFG (Noda)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2011

30/09/2010

30/09/2009

30/09/2008

Annual Sales

　

5,600

5,312

4,580

6,558

Recur. Profit

　

　

　

　

　

Net Profit

　

25

21

24

74

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

213

192

168

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.42

15.98

-30.16

51.81

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.45

0.40

0.52

1.13

 

Notes: Financials are only partially disclosed.

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

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.13

UK Pound

1

Rs.75.52

Euro

1

Rs.66.53

 

 

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%)

 

 

 

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