MIRA INFORM REPORT

 

 

Report Date :

20.12.2011

 

IDENTIFICATION DETAILS

 

Name :

K & K CO LTD

 

 

Registered Office :

Sunrise Bldg 2F, 2-13-9 Higashi-Nihombashi Chuoku Tokyo 103-0004

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

October  1997

 

 

Com. Reg. No.:

(Tokyo-Chuoku) 082298

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer, wholesale of life buoy, smoke pot, life jacket, rubber boats

 

 

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 10.2 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 – 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 and address

 

K & K CO LTD

 

 

REGD NAME 

 

KK K & K

 

 

MAIN OFFICE

 

Sunrise Bldg 2F, 2-13-9 Higashi-Nihombashi Chuoku Tokyo 103-0004 JAPAN

Tel: 03-5822-0341     Fax: 03-5687-0234

                                               

URL:                             http://www.kandk-kk.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Mfg, wholesale of life buoy, smoke pot, life jacket, rubber boats

 

BRANCHES   

 

Nagasaki

 

FACTORIES  

 

Nagasaki

 

 

OFFICERS

 

KAZUO KURACHI, PRES

Yuichi Mizokami, dir

Hitoshi Mizoe, dir                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 570 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 114 M

STARTED                     1997                             EMPLOYES      10

 

 

COMMENT

 

MFR SPECIALIZING IN SHIP EQUIPMENT.

 

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

                       

MAX CREDIT LIMIT: YEN 10.2 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Kazuo Kurachi in order to make most of his experience in the subject line of business.  This is a specialized mfr of ship & fireproofing equipment, such as life buoy, life jacket, smoke pot, other.  Clients include major shipbuilders, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

           

The sales volume for Sept/2010 fiscal term amounted to Yen 570 million, a similar amount in the previous term.  The net profit was posted at Yen 20 million, similarly in the preceding term.

 

For the current term ending Sept 2011 the net profit is projected to mark time at Yen 20 million, on a 2% rise in turnover, to Yen 580 million. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 10.2 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Oct 1997

Regd No.:         (Tokyo-Chuoku) 082298

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Kazuo Kurachi (51), other

No. of shareholders: 5

 

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

 

 

OPERATION

           

Activities: Manufactures ship & fire-proofing equipment: life buoy, life jacket, smoke pot, rubber boats, other (--100%)

 

Clients: [Mfrs, wholesalers] IHI, Mitsui Engineering & Shipbuilding, Mitsubishi Heavy Ind, Toa Anzen Shisetsu Co, Nihon Body Parts Kogyo Co, other

No. of accounts: 200

Domestic areas of activities: Centered in greater-Tokyo

 

Payment record: Regular

 

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

 

Bank References:

MUFG (Kanda-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/09/2011

30/09/2010

30/09/2009

30/09/2008

Annual Sales

　

580

570

570

590

Recur. Profit

　

　

　

　

　

Net Profit

　

20

20

20

23

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

114

94

74

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.75

0.00

-3.39

3.51

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.45

3.51

3.51

3.90

 

Notes:

·         Financials are only partially disclosed.

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

Sept/2011 Financials are yet to be released. Possibly in January 2012.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.96

UK Pound

1

Rs.82.04

Euro

1

Rs.68.91

 

 

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.