MIRA INFORM REPORT

 

 

Report Date :           

18.06.2011

 

IDENTIFICATION DETAILS

 

Name :

KYUTOU CO LTD

 

 

Registered Office :

Silver Plaza Shinjuku Daini #201, 2-6-17 Okubo Shinjukuku Tokyo 169-0072

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

May 1996

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of cameras, PC’s, peripherals, hearing aids

 

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 105.5 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

KYUTOU CO LTD

 

 

REGD NAME 

 

KK Kyutou

 

 

MAIN OFFICE

 

Silver Plaza Shinjuku Daini #201, 2-6-17 Okubo Shinjukuku Tokyo 169-0072 JAPAN

Tel: 03-3200-0077     Fax: 03-3200-0771

                                               

URL:                 N/A

 

 

ACTIVITIES  

 

Import, export, wholesale of cameras, PC’s, peripherals, hearing aids

 

 

BRANCHES   

 

Nil

 

 

OVERSEAS   

 

Taiwan

 

 

OFFICERS

 

SHUKUKA GI, PRES (Taiwanese resident)

Yukio Kodama, dir

Koichi Kodama, dir                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 3,648 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 57 M

STARTED                     1996                             EMPLOYES      8

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN HOME ELECTRONICS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARYBUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 105.5 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Shuck Gi, a Taiwanese resident, in order to make most of her experience in the subject line of business.  This is a trading firm specializing in import, export and wholesale of home electronics: PC’s & peripherals, cameras, other.  Recently stresses on single-lens reflex cameras which are in good demand in Taiwan and other S/E Asian countries, says the firm.  Domestically sells hearing aids.

 

 

FINANCIAL INFORMATION

 

The sales volume for Feb/2011 fiscal term amounted to Yen 3,648 million, a 9% up from Yen 3,356 million in the previous term.  This is attributed to the increased demand for cameras, particularly single-lens reflex cameras.  Exports rose.  Domestically hearing aids sold well.  The recurring profit was posted at Yen 4 million and the net profit at Yen 2 million, similarly in the preceding term.

 

For the current term ending Feb 2012 the recurring profit is projected at Yen 5 million and the net profit at Yen 3 million, respectively, on a 4% rise in turnover, to Yen 3,800 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 105.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 1996

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Shukuka Gi (100)

 

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales electronics products: cameras, single-lens reflex cameras, PC’s & peripherals, hearing aids (for domestic market), other (--100%).

 

Clients: [Wholesalers] Exports to Taiwan, other S/E Asian countries.

Domestically: Gakubunsha Co (publisher), other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

Suppliers: Electronics mfrs, wholesalers, volume discount stores, other.

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Shinjuku-Chuo)

MUFG (Shinjukudori)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

       Terms Ending:

28/02/2012

28/02/2011

28/02/2010

28/02/2009

Annual Sales

　

3,800

3,648

3,356

3,986

Recur. Profit

　

5

4

3

　

Net Profit

　

3

2

2

1

Total Assets

　

　

165

197

174

Current Assets

　

　

156

187

　

Current Liabs

　

　

20

18

　

Net Worth

　

　

57

54

51

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

10.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.17

8.70

-15.81

-39.51

    Current Ratio

 

..

780.00

1,038.89

..

    N.Worth Ratio

..

34.55

27.41

29.31

    R.Profit/Sales

 

0.13

0.11

0.09

..

    N.Profit/Sales

0.08

0.05

0.06

0.03

    Return On Equity

..

3.51

3.70

1.96

 

Notes: Forecast (or estimated) figures for the 28/02/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.43

Euro

1

Rs.63.62

 

 

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.