MIRA INFORM REPORT

 

 

Report Date :

28.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

KUBOTA SHINGOSHO CO LTD

 

 

Registered Office :

4721 Tsubame Niigata-Pref 959-1200

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

January 1964

 

 

Com. Reg. No.:

(Niigata-Tsubame) 003293

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacturer, processing of stainless steel products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 20.7 Million

Status :

Moderate

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)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

KUBOTA SHINGOSHO CO LTD

 

 

REGD NAME

 

KK Kubota Shindosho

 

 

MAIN OFFICE

 

4721 Tsubame Niigata-Pref 959-1200 JAPAN

Tel: 0256-62-3763     Fax: 0256-66-2261

URL:                 N/A                  

 

 

ACTIVITIES  

 

Mfg, processing of stainless steel products

 

 

BRANCHES   

 

Nil

 

 

FACTORIES  

 

Niigata (2)

 

 

OFFICER(S)  

 

MOTOO KUBOTA, PRES

Nobutomo Murayama, s/mgn dir

Yuko Murayama, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 497 M

PAYMENTS                  REGULAR         CAPITAL           Yen 20 M

TREND             SLOW              WORTH            Yen 246 M

STARTED                     1964                 EMPLOYES      25

 

 

COMMENT    

 

MFR OF STAINLESS STEEL PRODUCTS. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 20.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by father o Motoo Kubota in order to make most of his experience in the subject line of business.  This is a specialized mfr, owned and operated by the Kubota family, of stainless steel products.  Goods are exported.

 

 

FINANCIAL INFORMATION

 

The sales volume for Dec/2009 fiscal term amounted to Yen 497 million, a 43% down from Yen 870 million in the previous term, as affected substantially by the global economic downturn.  Exports were hurt by the High Yen, reducing revenues and profits in Yen terms.  The operations plunged into the red to register Yen 12 million recurring loss and Yen 9 million net losses, respectively, compared with Yen 6 million net profit a year ago.  .

 

For the term that just ended Dec 2010 the operations were projected to come back to profitability to post Yen 10 million recurring profit and Yen 10 million net profit, respectively, on a 5% rise in turnover, to Yen 520 million.  Final results are yet to be released. 

           

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 20.7 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:          Jan 1964

Regd No.:                     (Niigata-Tsubame) 003293

Legal Status:   　         Limited Company (Kabushiki Kaisha)

Authorized:      　         160,000 shares

Issued:                         40,000 shares

Sum:                　         Yen 20 million

Major shareholders (%): Motoo Kubota (89), and families

No. of shareholders: 10

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures and processes stainless steel products (--100%)

 

Clients: [Mfrs, wholesalers] Shimomura Kogyosho, Koike Kinzoku, Sekikawa Seisakusho, Seki Kinzoku Kogyo, other

            No. of accounts: 300

            Domestic areas of activities: Centered in Niigata-Pref

 

Suppliers: [Mfrs, wholesalers] JFE Shoji Trading, Toyota Tsusho Corp, Okaya % Co, other

 

Payment record: Regular

 

Location: Business area in Tsubame City, Niigata-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Shoko Chukin Bank (Niigata)

Hokuetsu Bank (Tsubame)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Annual Sales

　

520

497

870

863

Recur. Profit

　

10

-12

　

　

Net Profit

　

10

-9

6

14

Total Assets

　

　

469

　

　

Current Assets

　

　

348

　

　

Current Liabs

　

　

134

　

　

Net Worth

　

　

246

　

　

Capital, Paid-Up

　

　

20

　

　

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.63

-42.87

0.81

20.03

    Current Ratio

 

..

259.70

..

..

    N.Worth Ratio

..

52.45

..

..

    R.Profit/Sales

 

1.92

-2.41

..

..

    N.Profit/Sales

1.92

-1.81

0.69

1.62

    Return On Equity

..

-3.66

..

..

 

Notes: Forecast (or estimated) figures for the 31/12/2010 fiscal term. 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.57

UK Pound

1

Rs.72.50

Euro

1

Rs.62.46

 

 

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

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.