MIRA INFORM
REPORT
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Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
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Name : |
KIKO TECH CO LTD |
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Registered Office : |
3-10-3 Semba-Nishi |
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Country : |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
February 1974 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of scientific instruments,
industrial chemicals, reagents |
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 93.2 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
KIKO TECH CO LTD
REGD NAME
Kiko Tech KK
MAIN OFFICE
3-10-3 Semba-Nishi
Tel: 072-730-6790 Fax: 072-730-6795
URL: www.kiko-tech.co.jp
E-mail: info@kiko-tech.co.jp
ACTIVITIES
Import,
export, wholesale of scientific instruments, industrial chemicals, reagents
BRANCHES
OFFICER(S)
TAKAYOSHI
OSAFUNE, PRES
Kyosuke
Yamamoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,495 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND SLOW WORTH Yen
771 M
STARTED 1974 EMPLOYES 44
COMMENT
TRADING
FIRM SPECIALIZING IN SCIENTIFIC INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 93.2 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by father of Takayoshi Osafune in order to make most of his experience in the subject line of business. Takayoshi took the office of pres in Apr 1995. This is a trading firm specializing in import, export and wholesale of scientific equipment & instruments centrally, industrial chemicals, reagents, other. Clients include major pharmaceutical mfrs, laboratories, medical college hospitals, wholesalers, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Jun/2010 fiscal term amounted to Yen 6,495 million, a 3% down from Yen 6,719 million in the previous term. This is largely due to the high Yen reducing import/export earnings & profits in Yen terms. The net profit was posted at Yen 46 million, compared with Yen 122 million a year ago. .
For the current term ending Jun 2011 the net profit is projected at Yen 50 million, on a 5% rise in turnover, to Yen 6,800 million. Demand recovered. High Yen continues to hurt sales in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 93.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1974
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 160,000
shares
Issued: 40,000
shares
Sum: Yen 20
million
Major shareholders (%): Bio Regent Service* (46.2),
Takayoshi Osafune (21), Employees’ S/Holding Assn (18), Noritoshi Iwakawa (9),
Kyosuke Yamamoto (5)
*..
Holding company owned by the Osafune family
No. of shareholders: 11
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales scientific equipment/instruments, industrial chemicals, glass mfg equipment, reagents, other (--100%).
Clients: [Chemical/pharmaceutical mfrs, wholesalers] Takeda Pharmaceutical, Ono Pharmaceutical Co, Shionogi & Co, Japan Tobacco Inc, Kaneka Corp, Sumitomo Chemical, Dainippon Sumitomo Pharma Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Life Technologies Japan (50%), Beckman Coulter KK, Molecular
Device
Payment record: Regular
Location:
Business area in
Bank References:
· MUFG (Esaka)
· SMBC (Minami-Senri)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
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Annual
Sales |
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6,800 |
6,495 |
6,719 |
6,895 |
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Recur.
Profit |
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Net
Profit |
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50 |
46 |
122 |
72 |
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Total
Assets |
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3,281 |
3,007 |
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Current
Assets |
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3,053 |
2,710 |
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Current
Liabs |
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2,210 |
1,978 |
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Net
Worth |
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771 |
728 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
4.70 |
-3.33 |
-2.55 |
12.63 |
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Current Ratio |
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.. |
138.14 |
137.01 |
.. |
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N.Worth Ratio |
.. |
23.50 |
24.21 |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.74 |
0.71 |
1.82 |
1.04 |
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Return On Equity |
.. |
5.97 |
16.76 |
.. |
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Notes:
Forecast (or estimated) figures for the 30/06/2011 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.45.30 |
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1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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 |
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NB |
New Business |
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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.