MIRA INFORM REPORT

 

 

Report Date :           

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

YAMAHIDE & CO LTD

 

 

Registered Office :

Mochiken Bldg, 2-3-12 Nakazaki-Nishi Kitaku Osaka 530-0015

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

March 1959

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export of PVC leather; export of used motorcycles, car parts/engines

 

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 6.0 Million

Status :

Moderate

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

 

YAMAHIDE & CO LTD

 

 

REGD NAME

 

Yamahide Shoji KK

 

 

MAIN OFFICE

 

Mochiken Bldg, 2-3-12 Nakazaki-Nishi Kitaku Osaka 530-0015 JAPAN

Tel: 06-6372-5001     Fax: 06-6372-5647

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Import, export of PVC leather; export of used motorcycles, car parts/engines

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

HIDEKI YAMASHIRO, PRES

Junko Ida, dir

Tomi Yamashiro, dir                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 250 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 46 M

STARTED                     1959                             EMPLOYES      10

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN PVC LEATHER, MOTORCYCLES, OTHER.

 

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

                       

MAX CREDIT LIMIT: YEN 6.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by father of Hideki Yamashiro in order to make most of his experience in the subject line of business.  Hideki took the pres office in 1993.  This is a trading firm specializing in exporting & importing of PVC leather, tapestry fabrics, leather, used motorcycles, car parts & engines, other.  Exports to China, S/E Asian countries, USA, Europe, other.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Feb/2011 fiscal term amounted to Yen 250 million, a 4% up from Yen 240 million in the previous term.  Used motorcycles were in robust demand in China and other S/E Asian countries.  Car parts/engines were also in good demand.  The net profit was posted at Yen 1 million, similarly in the previous term.

 

For the current term ending Feb 2012 the net profit is projected at 1 million, on a 4% rise in turnover, to Yen 260 million.  Business is seen steadily expanding. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 6.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 1959

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:             20,000 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Hideki Yamashiro (100)

 

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

 

OPERATION

           

Activities: Trading firm for import and export of PVC leather, tapestry fabrics, denim fabric, leather, other; export of used motorcycles, car parts & engines, other (--100%)

 

Clients: [Mfrs, wholesalers] Exports to China, Pakistan, Jordan, South Africa, Greece, Sri Lanka, Egypt, India, Bangladesh, Hong Kong, USA, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Kuraray Ltd, Marubeni Corp, Itochu Corp, Kuraray Trading, Sumitomo 3M, other.

 

Payment record: Regular

 

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

 

Bank References:

SMBC (Umeda)

MUFG (Umeda)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

28/02/2012

28/02/2011

28/02/2010

28/02/2009

Annual Sales

　

260

250

240

240

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

46

45

44

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.00

4.17

0.00

9.09

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.38

0.40

0.42

0.42

 

Notes: Financials are only partially disclosed.

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

 

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.05

UK Pound

1

Rs.71.92

Euro

1

Rs.64.37

 

 

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.