MIRA INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
YOSHINO KOGYOSHO CO LTD |
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Registered Office : |
3-2-6 Ojima Kotoku Tokyo 136-0072 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2011 |
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Date of Incorporation : |
June 1948 |
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Com. Reg. No.: |
(Tokyo-Kotoku) 006939 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer plastic
containers, caps, hanger, other |
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 3,605.1 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
YOSHINO KOGYOSHO CO LTD
REGD NAME
Yoshino Kogyosho
KK
MAIN OFFICE
3-2-6 Ojima Kotoku
Tokyo 136-0072 JAPAN
Tel:
03-3682-1141 Fax: 03-5609-7333
URL: http://www.yoshinokogyosho.co.jp
E-Mail address: info@yoshinokogyosho.co.jp
ACTIVITIES
Mfg of
plastic containers, caps, hanger, other
BRANCHES
Nil
FACTORIES
At the
caption address, Osaka, Matsudo, Ichikawa, Gunma, other (Tot 19)
OVERSEAS
Chicago,
Thailand (-- mfg plants)
OFFICERS
SHOICHIRO
YOSHINO, PRES Tamotsu
Toyota, mgn dir
Yasuo Yoshino,
dir Nobusuke
Fujiwara, dir
Makoto
Mugikura, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 202,000 M
PAYMENTS REGULAR CAPITAL Yen 432 M
TREND SLOW WORTH Yen
10,400 M
STARTED 1948 EMPLOYES 3,600
COMMENT
MFR OF PLASTIC PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$500,000 / O/A 90 DAYS.
MAX
CREDIT LIMIT: YEN 3,605.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was
established originally in 1935 by grand father of Shoichiro Yoshino for making
cork, on his account. Incorporated in
1948 the firm has been succeeded by his descendants. Shoichiro took the pres office in Dec
1997. This is a specialized mfr of
plastic containers, bottles, caps, hangers, vessels, dusters, other. Has two overseas factories: Chicago and
Thailand. Domestic clients include
cosmetics mfrs, food processors, chemical makers, pharmaceutical makers, other,
nationwide.
FINANCIAL INFORMATION
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for
Mar/2010 fiscal term amounted to Yen 202,000 million, an almost similar amount
in the previous term. Exports were hurt
by the high Yen, reducing earnings & profits in Yen terms. The net profit was posted at Yen 1,400
million, compared with Yen 1,450 million a year ago.
For the term that
ended May 2011 the net profit was projected at Yen 1,500 million, on a 2% rise
in turnover, to Yen 206,000 million.
Final results are yet to be released.
The financial
situation is considered FAIR to GOOD and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 3,605.1 million, on 30 days normal terms. The proposed amount for 90 days terms is
considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Jun 1948
Regd No.: (Tokyo-Kotoku) 006939
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3.4 million shares
Issued:
864,000 shares
Sum: Yen 432 million
Major shareholders (%): Shoichiro Yoshino &
families (--100
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures plastic & PET bottles, containers, caps, hangers,
vessels, other for application to: food, cosmetics, pharmaceutical, chemical,
detergent, other industries (--100%).
(Mfg technologies): injection molding, direct blow molding, PET
bottles, tube molding, food containers (thermo forming molding), pump spray,
cosmetic containers, other.
Clients: [Mfrs, wholesalers] Shiseido Corp, Kose Corp, Pola Corp, P&G Max
Factor, Menard Japan, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Sojitz Corp, Mitsubishi Corp, Marubeni Corp,
Yoshino America Corp, other
Payment record: Regular
Location: Business area in Tokyo. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Kameido)
Norin
Chukin Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2011 |
31/05/2010 |
31/05/2009 |
31/05/2008 |
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Annual
Sales |
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206,000 |
202,000 |
202,704 |
212,687 |
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Recur.
Profit |
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Net
Profit |
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1,500 |
1,400 |
1,450 |
1,500 |
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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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13,400 |
12,000 |
10,550 |
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Capital,
Paid-Up |
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432 |
432 |
432 |
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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 |
1.98 |
-0.35 |
-4.69 |
4.02 |
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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 |
0.73 |
0.69 |
0.72 |
0.71 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2011 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.44.50 |
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UK Pound |
1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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.