MIRA INFORM REPORT

 

 

Report Date :           

23.07.2011

 

IDENTIFICATION DETAILS

 

Name :

KOHKEN PERFUMERY CO LTD

 

 

Registered Office :

532-3 Shimokuratacho Totsukaku Yokohama 244-0815

 

 

Country :

Japan

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

August 1970

 

 

Com. Reg. No.:

(Yokohama-Totsukaku) 007339

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of food flavors, essence, spices; import of wine

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 39.9 Million

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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     

 

KOHKEN PERFUMERY CO LTD

 

 

REGD NAME

 

Kohken Kogyo KK

 

 

MAIN OFFICE

 

532-3 Shimokuratacho Totsukaku Yokohama 244-0815 JAPAN

Tel: 045-861-1144     Fax: 045-861-0887

 

*.. The given address is its Factory

                                               

URL:                             http://www.e-kohken.com

E-Mail address:                        info@e-kohken.com

 

 

ACTIVITIES  

 

Mfg of food flavors, essence, spices; import of wine

 

 

BRANCHES   

 

Nil

 

 

FACTORIES

 

Totsuka, Nagano

 

 

OFFICERS

 

YOSHIAKI NAKAJIMA, PRES                 Shin’ya Nakajima, s/mgn dir

Yoshimasa Seto, dir                               Yukihiro Arakawa, dir

Naoki Onda, dir                                      Hirofumi Nakajima, dir               

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 1,879 M

PAYMENTS      REGULAR                     CAPITAL           Yen 20 M

TREND             STEADY                       WORTH            Yen 881 M

STARTED                     1970                             EMPLOYES      85

 

 

COMMENT    

 

MFR OF FOOD FLAVORS; IMPORTER OF WINES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 39.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Yoshiaki Nakajima in order to make most of his experience in the subject line of business.  This is a specialized mfg of food flavors, essence, species, additives, other.  Also imports wines and food materials.  Clients include bakeries, food processors, other.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Jan/2011 fiscal term amounted to Yen 1,879 million, a 4% up from Yen 1,800 million in the previous term.  Wine imports increased.  The net profit was posted at Yen 30 million, compared with Yen 40 million a year ago.  High Yen ate into profits in Yen terms.

 

For the current term ending Jan 2012 the net profit is projected at Yen 35 million, on a 3% rise in turnover, to Yen 1,950 million.  Wines imports continue increasing. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 39.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 1970

Regd No.:         (Yokohama-Totsukaku) 007339

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         160,000 shares

Issued:    40,000 shares

Sum:                   Yen 20 million

Major shareholders (%): Yoshiaki Nakajima (70) & families (--30)

No. of shareholders: 3

           

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

 

 

OPERATION

           

Activities: Manufactures food flavors, essence, spices, additives (--70%); imports and wholesales wines, food materials, other (--30%)

 

Clients: [Mfrs, wholesalers] Fancl Corp, Yamazaki Baking Co, Kohken Food & Flavor, Kibun Food, Asahi Beer, Riken Vitamin Co, Miyoshi Oil & Fat Co, Kyodo Shiryo Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Showa Nogei Co, Inoue Perfumery Mfg Co, Amakasu Chemical Ind, Shinwa Alcohol Sangyo Co, Hotei Food Corp, other

Imports wines from Europe, other

 

Payment record: Regular

 

Location: Business area in Yokohama.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

·         SMBC (Yokohama-Ekimae)

·         MUFG (Yokohama-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/01/2012

31/01/2011

31/01/2010

31/01/2009

Annual Sales

　

1,950

1,879

1,800

1,790

Recur. Profit

　

　

　

　

　

Net Profit

　

35

30

40

13

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

881

851

811

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

75.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.78

4.39

0.56

-0.56

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.79

1.60

2.22

0.73

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/01/2012 fiscal term.

 

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.34

Euro

1

Rs.63.87

 

 

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 Business

----

 

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.