MIRA INFORM
REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
KATERA CO LTD |
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Registered Office : |
Hiranomachi Yasui Bldg 10F, 1-8-8 Hiranomachi
Chuoku |
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Country : |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
March 1978 |
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Com. Reg. No.: |
(Osaka-Chuoku) 034637 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, Import, Wholesale of industrial
chemicals, food additives, packing mtrls |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 72.4 Million |
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Status : |
Satisfactory |
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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
KATERA CO LTD
REGD NAME
Katera KK
MAIN OFFICE
Hiranomachi Yasui Bldg 10F, 1-8-8 Hiranomachi Chuoku Osaka
541-0046, JAPAN
Tel: 06-4707-6681 Fax:
06-4707-6682
URL: http://www.katera.co.jp/
E-mail address: info@katera.co.jp
ACTIVITIES
Export, import, wholesale of industrial chemicals, food additives,
packing mtrls
BRANCH(ES)
Nil
OFFICER(S)
TAKAYUKI IMAMURA, PRES
Hitomi Katoh, dir
Hiromichi Imamura, adv (founder)
Yen Amount: In million
Yen, otherwise stated.
SUMMARY
FINANCES FAIR A/SALES Yen 1,239 M
PAYAMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
240 M
STARTED 1978 EMPLOYS 8
COMMENT
TRADING
HOUSE SPECIALIZING IN INDUSTRIAL CHEMICALS AND FOOD ADDITIVES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 72.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Hiromichi Imamura in order to make most of
his experience in foreign trading, as Shimakyu Lux Co Ltd, and renamed as
captioned in Jul 1997. H Imamura remains
as advisor and the major shareholders.
Takayuki is his son, who took the pres office in Mar 2004. This is a trading house specializing in
export centrally and import of industrial chemicals, food additives, packaging
materials, etc. Goods are exported to
Taiwan, Korea, China, India, Australia, UK, Portugal, USA, Canada, etc, to
about 40 customers. Imports consist
mainly of food additives, salt & scale for marine use. Domestic clients include major marine
processors.
FINANCIAL INFORMATION
The sales
volume for Jan/2010 fiscal term amounted to Yen 1,239 million, a 5% up from Yen
1,184 million in the previous term.
Export volumes rose, as several major buyers were added as clients
during the term, says the firm. This is
in response to our query as to why sales rose under the current global economic
downturn, wherein most exporters are suffering from decline of exports. The recurring profit was posted at Yen 7 million
and the net profit at Yen 6 million, respectively, compared with Yen 7 million
recurring profit and Yen 6 million net profit, respectively, a year ago.
For the
current term ending Jan 2011 the recurring profit is projected at Yen 7 million
and the net profit at Yen 7 million, respectively, on a 3% rise in turnover, to
Yen 1,280 million. Higher Yen may reduce
earnings from exports in Yen terms.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 72.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1978
Regd No.: (Osaka-Chuoku) 034637
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
shareholders (%): Hiromichi Imamura (24.1), Hitomi
Kato (23.5),Takayuki Imamura (20.5), Atsuko Senda (10.1)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports industrial chemicals, food
additives, packing materials, sanitizing equipment, water purifying filers,
marine product processing machines; imports food additives (-- 90%), salt &
scale for marine use, ship instruments(10%).
Clients: [Mfrs, wholesalers] Exports to
Redox Chemicals, Manali Chemicals, Daisung Chemicals, Dunlop Slazengerinc,
Orica Australia, Sahasithi Import & Export, Sheng Lynyuan International
Trading, Redox Pty Ltd, other. Domestic
clients: Maruha Corp, Takeshoku Co, Royal Greenland
Exports to
about 45 customers in Korea, Taiwan, China, Philippines, Thailand, Malaysia,
Singapore, Indonesia, Myanmar, Vietnam, India, Australia, UK, Netherlands,
Portugal, USA, Canada, Panama, etc.
No. of
account: 100 (Domestic only)
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Gas
Chemical, Toray Fine Chemical, Kyowa Hakko, Nissan Chemical Ind, Nissan
Chemical Ind, Fuso Chemical, Zeon Corp, Ube Industries, Taisho Technos,
other.
Imports
from
Payment record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank Reference:
MUFG (Kawaramachi)
SMBC (Osaka-Chuo)
Relations: Satisfactory
FINANCES
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Terms Ending: |
31/01/2011 |
31/01/2010 |
31/01/2009 |
31/01/2008 |
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Annual
Sales |
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1,280 |
1,239 |
1,184 |
1,176 |
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Recur.
Profit |
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7 |
7 |
7 |
11 |
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Net
Profit |
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7 |
6 |
6 |
7 |
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Total
Assets |
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306 |
291 |
293 |
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Current
Assets |
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302 |
286 |
288 |
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Current
Liabs |
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65 |
56 |
64 |
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Net
Worth |
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240 |
235 |
229 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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2.75 |
2.75 |
2.75 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.31 |
4.65 |
0.68 |
55.56 |
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Current Ratio |
|
.. |
464.62 |
510.71 |
450.00 |
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N.Worth Ratio |
.. |
78.43 |
80.76 |
78.16 |
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R.Profit/Sales |
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0.55 |
0.56 |
0.59 |
0.94 |
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N.Profit/Sales |
0.55 |
0.48 |
0.51 |
0.60 |
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Return On Equity |
.. |
2.50 |
2.55 |
3.06 |
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Notes: Forecast (or estimated) figures for 31/01/2011fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
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.