MIRA INFORM REPORT

 

 

Report Date :           

22.06.2011

 

IDENTIFICATION DETAILS

 

Name :

OST CORPORATION

 

 

Registered Office :

1-3-5 Kizugawa Naniwaku Osaka 556-0027

 

 

Country :

Japan

 

 

Financials (as on) :

30.11.2010

 

 

Date of Incorporation :

November  2003

 

 

Com. Reg. No.:

(Osaka-Naniwaku) 040573

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of steel products; heat-treatment of steel 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 26.7 Million

 

 

Status :

Moderate

 

 

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

OST CORPORATION

 

 

REGD NAME 

 

O. S. T. KK

 

 

MAIN OFFICE

 

1-3-5 Kizugawa Naniwaku Osaka 556-0027 JAPAN

Tel: 06-6568-1681     Fax: 06-6568-1634

                                   

URL:                 N/A

 

ACTIVITIES  

 

Import, export, wholesale of steel products; heat-treatment of steel products

 

 

BRANCHES

 

Nil

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

KUNITAKE YAMATO, PRES

Taeko Yamato, dir                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 1,501 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 255 M

STARTED                     2003                             EMPLOYES      3

 

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN STEEL PRODUCTS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 26.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Kunitake Yamato in order to make most of his experience in the subject line of business.  This is a trading firm, wholly owned by the Yamato family, with mfg division, for export, import and wholesale of steel products.  Steel products are heat treated at its own yard.  Export destinations are India, China, Pakistan, Bangladesh, and other S/E Asian countries.

 

 

FINANCIAL INFORMATION

           

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

 

The sales volume for Nov/2010 fiscal term amounted to Yen 1,501 million, an almost similar amount in the previous term.  Export volumes rose to make up for the loss by the high Yen.  The net profit was posted at Yen 74 million, compared with Yen 80 million a year ago.

For the current term ending Nov 2011 the net profit is projected at Yen 75 million, on a 2% rise in turnover, to Yen 1,530 million.  Exports are brisk into China, India, other. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 26.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Nov 2003

Regd No.:           (Osaka-Naniwaku) 040573

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Kunitake Yamato (100)

 

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

 

 

OPERATION

           

Activities: Exports, imports and wholesales steel products; heat treatment of steel products (--100%)

 

Clients: [Mfrs, wholesalers] Exports to China, India, Bangladesh, Pakistan, and other S/E Asian countries

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Osaka

 

Payment record: Regular

 

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

 

Bank References:

Awa Bank (Nishi-Osaka)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/11/2011

30/11/2010

30/11/2009

30/11/2008

Annual Sales

　

1,530

1,501

1,500

1,500

Recur. Profit

　

　

　

　

　

Net Profit

　

75

74

80

90

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

255

181

91

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

1.93

0.07

0.00

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

4.90

4.93

5.33

6.00

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/11/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.91

UK Pound

1

Rs.72.90

Euro

1

Rs.64.48

 

 

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.