MIRA INFORM REPORT
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Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KOKUSAI COMMERCE CO LTD |
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Registered Office : |
JDB Bldg, 2-4-8 Shiba-Daimon Minatoku
Tokyo 105-0012 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
July 1981 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of plant machinery & equipment |
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 250.4 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
|
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
KOKUSAI COMMERCE CO LTD
REGD NAME
Kokusai Commerce
KK
MAIN OFFICE
JDB Bldg, 2-4-8 Shiba-Daimon
Minatoku Tokyo 105-0012 JAPAN
Tel:
03-5733-2171 Fax: 03-5733-3505
URL: http://www.kokusai-commerce.co.jp
E-Mail address: info@kokusai-commerce.co.jp
ACTIVITIES
Export
of plant machinery & equipment
BRANCHES
Nil
OFFICERS
SHUMPEI
KASAMATSU, PRES
Katsuhiko
Yoneda, v pres
Hiroo
Hashizume, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,587 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
1,414 M
STARTED 1981 EMPLOYES 17
COMMENT
EXPORTER OF PLANT MACHINERY & EQUIPMENT. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARYBUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 250.4
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established by father of Shumpei Kasamatsu in order to make most of his
experience in the subject line of business.
Shumpei Kasamatsu took the pres office in Sept 2000. This is a trading firm specializing in
exporting plant machinery & equipment (See OPERATION). Exporting
countries are: Philippines, Saudi Arabia, Indonesia, Iran, Thailand, Nigeria,
Algeria, Iraq, Malaysia, India, other.
Products are supplied from major heavy machinery makers, electronics
makers, other, nationwide.
FINANCIAL INFORMATION
The sales volume for
Jun/2010 fiscal term amounted to Yen 5,587 million, a 36% up from Yen 4,108
million in the previous term. Exports were
robust after the global economic downturn that affected sales substantially in
the previous term. The recurring profit
was posted at Yen 778 million and the net profit at Yen 436 million, compared
with Yen 514 million recurring profit and Yen 292 million net profit,
respectively, a year ago.
For the term that
ended Jun 2011 the recurring profit was projected at Yen 850 million and the
net profit at Yen 480 million, respectively, on a 10% rise in turnover, to Yen
6,150 million. Business continued to rise. Final results are yet to be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 250.4
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul 1981
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Shumpei Kasamatsu (45),
Katsuhiko Yoneda (45), Hiroo Hashizume (10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports plant machinery & equipment (--100%)
(Products List):
Machinery: turbine, generator, boiler, compressor, pump, valve, blower, fan, cooler,
hychrolator, reducing gear, diesel engine, rector, dryer, other;
Electrics: generator, motor, controller, regulator, inverter, converter, battery,
circuit breaker, analysis equipment, other.
Clients: [Mfrs, wholesalers] Exports to Philippines, Saudi Arabia, Indonesia,
Iran, Thailand, Nigeria, Algeria, Iran, Malaysia, India, Kuwait, other
No. of accounts: Unavailable
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Mitsui Shipbuilding & Engineering, IHI Corp,
Mitsubishi Heavy Ind, Ebara Corp, Kawasaki Heavy Ind, Fuji Electric Systems,
Shimadz Corp, Toshiba Corp, Kobe Steel, other.
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Aoyamadori)
SMBC
(Aoyama)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
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Annual
Sales |
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6,150 |
5,587 |
4,108 |
3,592 |
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Recur.
Profit |
|
850 |
778 |
514 |
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Net
Profit |
|
480 |
436 |
292 |
210 |
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Total
Assets |
|
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2,210 |
1,976 |
1,120 |
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Current
Assets |
|
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1,942 |
1,732 |
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Current
Liabs |
|
|
795 |
997 |
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Net
Worth |
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1,414 |
978 |
686 |
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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 |
10.08 |
36.00 |
14.37 |
54.16 |
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Current Ratio |
|
.. |
244.28 |
173.72 |
.. |
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N.Worth Ratio |
.. |
63.98 |
49.49 |
61.25 |
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R.Profit/Sales |
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13.82 |
13.93 |
12.51 |
.. |
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N.Profit/Sales |
7.80 |
7.80 |
7.11 |
5.85 |
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Return On Equity |
.. |
30.83 |
29.86 |
30.61 |
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Notes:
Forecast (or estimated) figures for the 30/06/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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.