MIRA INFORM REPORT

 

 

Report Date :           

09.06.2011

 

IDENTIFICATION DETAILS

 

Name :

KOSHIOKA IND CO LTD

 

 

Registered Office :

38-1 Ryofukuji Kashiba City Nara-Pref 639-1235

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

May 1968

 

 

Com. Reg. No.:

(Osaka-Higashiosaka) 002644

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of springs, metal parts, plastic parts & 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 15.0 Million

Status :

Small Company 

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 – 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

 

 Bottom of Form

KOSHIOKA IND CO LTD

 

 

MAIN OFFICE

 

38-1 Ryofukuji Kashiba City Nara-Pref 639-1235

Tel: 0745-78-8855     Fax: 0745-78-8877

 

*.. Registered at: 2-2-17 Ohmido Higashi-Osaka Osaka-Pref

                                               

URL:                 http://www.kashiba.co.jp

E-Mail address: info@kashiba.co.jp

 

 

ACTIVITIES  

 

Mfg of springs, metal parts, plastic parts & products

 

 

BRANCHES   

 

Tokyo, Higashi-Osaka

 

 

OVERSEAS   

 

China

 

 

FACTORIES

 

At the caption address; China

 

 

OFFICERS

 

KOJI KOSHIOKA, PRES

Ryoichi Ohkubo, direr                

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 826 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 198 M

STARTED                     1968                             EMPLOYES      30

 

 

COMMENT    

 

MFR SPECIALIZING IN METAL & PLASTIC PARTS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 15.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Motohiro Koshioka in order to make most of his experience in the subject line of business.  Koji is his son, who took the pres office in July 2001.  This is a specialized mfr, owned and operated by Koshioka family, of metal & plastic parts.  Goods are made mostly on OEM basis.  Operates a factory in China.

 

 

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 826 million, a 14% down from Yen 960 million in the previous term, as affected by the global economic downturn.  Consumer spending was sluggish.  The net profit was posted at Yen 5 million, compared with Yen 6 million a year ago.

 

For the current term ending Jun 2011 the net profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 850 million.  Production in China is increasing for OEM products. 

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 15.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 1968

Regd No.:          (Osaka-Higashiosaka) 002644

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240,000 shares

Issued:                60,000 shares

Sum:                   Yen 30 million

Major shareholders (%): Koji Koshioka (90), Nobuko Koshioka (5), Kumiko Koshioka (3)

No. of shareholders: 4

 

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

 

 

OPERATIOn

 

Activities: Manufactures metal & plastic parts (--100%).

 

Clients: [Mfrs, wholesalers] Daiso Sangyo Co (70%), Ito-Yokado, Pony Kasei Kogyo, Shinko Hanger Co, France Bed, Nishimatsuya, Daiei Corp, Senshukai, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Suzuki Kozai, Plamatels Corp, Toyo Tokin Kogyo, Asahi Kogyo, K Onishi & Co, other

Imports from China, other

 

Payment record: Regular

 

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

 

 

Bank References:

MUFG (Kosaka)

Osaka Higashi Shinkin Bank (Kosaka)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

850

826

960

931

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

6

21

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

198

193

187

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.91

-13.96

3.11

1.20

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.59

0.61

0.63

2.26

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/06/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.61

UK Pound

1

Rs.73.28

Euro

1

Rs.65.47

 

 

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.