MIRA INFORM REPORT

 

 

Report Date :           

14.12.2011

 

IDENTIFICATION DETAILS

 

Name :

SHY CO LTD

 

 

Registered Office :

3455 Tsuoki Sendomachi Tsu City Mie-Pref 514-0801

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

January 1994

 

 

Com. Reg. No.:

(Mie-Tsu) 000155

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of roll screen, blinds, shade, other

 

 

No. of Employees :

10 persons

 

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 5.1 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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

SHY CO LTD

 

 

REGD NAME

 

KK SHY

 

 

MAIN OFFICE

 

3455 Tsuoki Sendomachi Tsu City Mie-Pref 514-0801 JAPAN

Tel: 059-226-3334      Fax: 059-224-8841

                                               

URL:                             http://www.shyzip.co.jp

E-Mail address:                        info@shyzip.co.jp

 

 

ACTIVITIES  

 

Mfg of roll screen, blinds, shade, other

 

 

BRANCHES   

 

Tokyo

 

 

FACTORIES

 

Subcontracted: Hayashiguchi Mfg Co Ltd (subsidiary)

 

 

OFFICERS

 

NORIO HAYASHIGUCHI, PRES

Seizo Hayashiguchi, ch

Tadao Hayashiguchi, dir            

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 280 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 77 M

STARTED                     1994                             EMPLOYES      10

 

 

COMMENT

 

MFR OF BLINDS, SHADE, ROLL SCREEN, OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Seizo Hayashiguchi in order to make most of his experience in the subject line of business.  Norio is his son, who took the pres office in Feb 2006.  This is a specialized mfr of fly screen, roll screen, woven wood blinds, other.  Goods are subcontracted to subsidiary maker, Hayashiguchi Mfg Co Ltd, wholly owned by the Hayashiguchi family.  Goods are exported to Europe, USA, other

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Sept/2010 fiscal term amounted to Yen 280 million, a similar amount in the previous term.  The net profit was posted at Yen 6 million, similarly in the previous term.

 

For the term that ended Sept 2011 the net profit was projected at Yen 6 million, on a 4% rise in turnover, to Yen 290 million.  Exports to Europe are increasing.  Final results are yet to be released.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 5.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 1994

Regd No.:         (Mie-Tsu) 000155

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Norio Hashiguchi, Seizo Hashiguchi (--100)

 

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures (subcontracted to a subsidiary maker): fly screen, roll screen, woven wood blinds, timber shades, other (--100%)

 

Clients: [Mfrs, wholesalers] Seiki Hambai Co, Lonseal Corp, Tenpal Co, Bunka Shutter Co, other.

Exports to USA, Europe, Asia, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Hayashiguchi Mfg Co (80%) (subsidiary maker), other.

Imports from China, other

 

Payment record: Regular

 

Location: Business area in Tsu City.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

·         Hyakugo Bank (H/O)

·         Resona Bank (Tsu)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2011

30/09/2010

30/09/2009

30/09/2008

Annual Sales

　

290

280

280

200

Recur. Profit

　

　

　

　

　

Net Profit

　

6

6

6

6

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

77

71

65

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.57

0.00

40.00

-16.67

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

2.07

2.14

2.14

3.00

 

Notes: Financials are only partially disclosed.

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.40

UK Pound

1

Rs.83.32

Euro

1

Rs.70.44

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.