MIRA INFORM
REPORT
|
Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
NAKASHIMA SHOKAI
CO LTD |
|
|
|
|
Registered Office : |
2-2-23 Yanagimachi Okayama 700-0904 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Com. Reg. No.: |
(Okayama-Kitaku) 004880 |
|
|
|
|
Date of Incorporation : |
April, 1950 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of Paints, Chemicals, Painting Goods, Other. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
NAKASHIMA SHOKAI CO LTD
REGD NAME: KK
Nakashima Shokai
Company address
2-2-23 Yanagimachi
Okayama 700-0904
Tel:
086-232-2711
Fax: 086-225-6489
URL: http://www.nakashima-shokai.co.jp/
E-Mail address:info@nakashima-shokai.co.jp
ACTIVITIES
Wholesale
of paints, chemicals, painting goods, other
BRANCHES
OFFICERS
Tsutomu Nakashima, rep ch NORIHISA NAKASHIMA, PRES
Hiroaki Nakashima, s/mgn dir Takenobu Kawanishi, mgn dir
Kunihiko
Okamoto, mgn dir Toshiaki
Tachibana, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 14,797 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen 673 M
STARTED 1950 EMPLOYES 211
COMMENT
WHOLESALER SPECIALIZING IN INDUSTRIAL PAINTS &
COATINGS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 69.0 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Shozaburo Nakashima
in order to make most of his experience in the subject line of business. Tsutomu is the founder’s son and Norihisa his
grandson. This is a specialized mfr,
owned and operated by the Nakashima family, for wholesaling industrial paints,
coatings, solvents, adhesives, abrasives, related to the painting works. Also handles painting tools & equipment,
such as spray guns, brushes, rollers, other.
Executes painting works, water-proofing works, too. Products are used in household, petrochemical
industries, bridges, factory interior & exterior works. .
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen
14,797 million, a 12% down from Yen 16,803 million in the previous term. Demand from carmakers declined. Housing market was down. The recurring profit was posted at Yen 140
million and the net profit at Yen 36 million, respectively, compared with Yen
72 million recurring loss and Yen 101 million net losses, respectively, a year
ago.
For the current tem ending Mar 2011 the recurring profit was
projected at Yen 140 million and the net profit at Yen 35 million,
respectively, on a similar turnover, at Yen 15,000 million..
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 69.0 million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr 1950
Regd No. : (Okayama-Kitaku) 004880
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 240,000 shares
Issued :100,000 shares
Sum : Yen 50 million
Major shareholders (%): Norihisa Nakashima (82.4, Fumihiro Nakashima (14.6), Chieko Kagawa (2), Miyoko Fukuzumi (1.3)
No. of shareholders : 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Wholesales industrial paints &
coatings (75%), solvents, synthetic resins (5%), painting equipment & goods,
such as brushes, rollers (5%), others (15%); executes painting works,
water-proofing works, flooring works, interior/exterior wall paintings,
other.
Clients:
[Mfrs, wholesalers] Daiwa House Ind, Mazda, JFE Kozai Corp, GP Daikyo Corp,
Mazda, Press Kogyo, Sun Oak, JFE Steel, Daiwa Leasing, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Nippon Paint, Nippon P Chemical, SK Kaken, Ohtsuka Brush
Mfg, Mizutani Paint, Sekisui Chemical Ind, other.
Payment record:
Regular
Location:
Business area in
Bank References: Chugoku Bank (Okayama-Ekimae)
Shoko
Chukin (
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
|
Annual
Sales |
|
15,000 |
14,797 |
16,802 |
16,969 |
|
Recur.
Profit |
|
140 |
140 |
-72 |
201 |
|
Net
Profit |
|
35 |
36 |
-101 |
48 |
|
Total
Assets |
|
|
10,585 |
11,144 |
11,250 |
|
Current
Assets |
|
|
6,188 |
6,361 |
|
|
Current
Liabs |
|
|
6,915 |
7,174 |
|
|
Net
Worth |
|
|
673 |
595 |
697 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.37 |
-11.93 |
-0.98 |
3.04 |
|
|
Current Ratio |
|
.. |
89.49 |
88.67 |
.. |
|
N.Worth Ratio |
.. |
6.36 |
5.34 |
6.20 |
|
|
R.Profit/Sales |
|
0.93 |
0.95 |
-0.43 |
1.18 |
|
N.Profit/Sales |
0.23 |
0.24 |
-0.60 |
0.28 |
|
|
Return On Equity |
.. |
5.35 |
-16.97 |
6.89 |
|
Notes:
Forecast (or estimated) figures for 31/03/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.54 |
|
Euro |
1 |
Rs.62.39 |
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 Company |
---- |
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.