MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
CENTURY YAMAKYU CORPORATION |
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Registered Office : |
Mitsui Seito
Bldg 6F, 2-8-7 Minamisemba Chuoku |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
December 1987 |
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Com. Reg. No.: |
(Osaka-Chuoku)
082751 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of medical equipment, used engines & trucks,
agricultural trucks, forklifts |
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 8.1 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
CENTURY YAMAKYU CORPORATION
REGD NAME
Century Yamakyu KK
MAIN OFFICE
Mitsui Seito Bldg
6F, 2-8-7 Minamisemba Chuoku
Tel:
06-6266-1213 Fax: 06-6266-1278
URL: www.cycorp.co.jp
E-mail: cyc78@cycorp.co.jp
ACTIVITIES
Export
of medical equipment, used engines & trucks, agricultural trucks, forklifts
BRANCHES
Nil
OFFICER(S)
TOSHIHIRO
KATOH, PRES
Mizuki
Katoh, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 455 M
PAYMENTS REGULAR CAPITAL Yen
37 M
TREND STEADY WORTH Yen
60 M
STARTED 1987 EMPLOYES 9
COMMENT
EXPORTER
OF MEDICAL EQUIPMENT, USED TRUCKS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 8.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established originally in 1978 as Century Koeki Co Ltd for exporting used
trucks and in 1979 merged with a sister company Yamakyu Co Ltd and renamed as
captioned. This is a trading firm
specializing in export of used trucks, medical equipment, agricultural trucks,
forklifts, motorcycles, other. Exports
to
FINANCIAL INFORMATION
Financials are only
partially disclosed.
The sales volume for
Sept/2010 fiscal term amounted to Yen 455 million, a 12% up from Yen 405
million in the previous term. Exports of
used engines & trucks rose. The net profit
was posted at Yen 2 million, compared with Yen 1 million a year ago. .
For the current term
ending Sept 2011 the net profit is projected at Yen 2 million, on an almost
similar turnover, to Yen 460 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.1
million, on 30 days normal terms.
REGISTRATION
Date Registered: December 1987
Regd No.: (Osaka-Chuoku)
082751
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 3,000 shares
Issued: 744 shares
Sum: Yen
37.2 million
Major shareholders (%): Toshihiro Kato (73), Mizuki
Katoh (22), Hiroko Furukatsu (2), Kazuhiko Katoh (1), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Exports medical equipment, used engines & trucks, agricultural trucks,
forklifts, motorcycles, other (--100%).
Clients:
[Mfrs, wholesalers] Exports to Philippines,
USA, Africa, Mid/Near east, India, Netherlands, Greece, Syria, South America,
Ukraine, other.
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Nishimura Medical Instruments, Fujita Corp, Koga Export,
Makii Medical Equipment Co, other
Payment
record: Regular
Location:
Business area in
Bank References:
MUFG
(Semba)
Osaka
City Shinkin Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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460 |
455 |
405 |
582 |
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Recur.
Profit |
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Net
Profit |
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2 |
2 |
1 |
2 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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60 |
58 |
57 |
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Capital,
Paid-Up |
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37 |
37 |
37 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.10 |
12.35 |
-30.41 |
-3.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.43 |
0.44 |
0.25 |
0.34 |
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Notes:
Financials are only partially disclosed.
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 |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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 |
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.