MIRA INFORM
REPORT
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Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
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Name : |
YAMADA HORSE CO LTD |
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Registered Office : |
5-4 Hongucho Minatoku |
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Country : |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
July 1978 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of feeds |
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 14.4 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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
YAMADA HORSE CO LTD
REGD NAME
Yamada Baryo KK
(Baryo means Horse Feeds)
MAIN OFFICE
5-4 Hongucho
Minatoku
Tel: 052-652-4935 Fax: 052-654-2226
URL: N/A
ACTIVITIES
Mfg of
feeds
BRANCHES
Nil
FACTORIES
OFFICER(S)
AKIHIRO YAMADA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 820 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen
138 M
STARTED 1978 EMPLOYES 6
COMMENT
MFR OF
MIXED FEEDS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 14.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by father of Akihiro Yamada in order
to make most of his experience in the subject line of business. Akihiro took the pres office in Apr
2001. This is a family-based mfr, owned
and operated by the Yamada family, specializing in mfg mixed feeds, feeds
materials, other. Feeds and materials
are imported from
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Jun/2010 fiscal term amounted to Yen 820 million, a
1% down from Yen 830 million in the previous term. Mad-cow disease prevailed in
For the current term ending Jun 2011 the net profit is projected at Yen
5 million, on a 1% rise in turnover, to Yen 830 million. Sales are seen constant & steady.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 14.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul 1978
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen 10
million
Major shareholders (%):
Akihiro Yamada (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Manufactures mixed
feeds, simple feeds, minor grains for feeds, other (--100%).
Imports material feeds from
Clients: [Coops,
pastures] Aichi-Pref Dairy Agricultural Coop, Nagoya Horse Race, other
No. of accounts: 100
Domestic areas of activities:
Centered in greater-Nagoya
Suppliers: [Mfrs] Imports
from
Payment record: Regular
Location: Business area in
Bank References:
·
Bank of
·
MUFG (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
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Annual
Sales |
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830 |
820 |
830 |
830 |
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Recur.
Profit |
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Net
Profit |
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5 |
3 |
5 |
5 |
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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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138 |
135 |
130 |
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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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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.22 |
-1.20 |
0.00 |
0.00 |
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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 |
0.60 |
0.37 |
0.60 |
0.60 |
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Notes:
Financials are only partially disclosed.
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.