MIRA
INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
KOHYO CO LTD |
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Registered Office : |
5-4-19 Shinsho Yokkaichi Mie-Pref 510-0064
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Country : |
Japan |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
July 1971 |
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Com. Reg. No.: |
(Mie-Yokkaichi) 014805 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of fishes,
fishery products |
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 1,480.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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
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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 |
Name and address
KOHYO CO LTD
REGD NAME: KK
Kohyo
MAIN OFFICE: 5-4-19
Shinsho Yokkaichi Mie-Pref 510-0064 JAPAN
Tel:
0593-54-5411
Fax: 0593-54-3447
E-Mail address: kohyo@kohyoj.co.jp
ACTIVITIES
Import, export,
wholesale of fishes, fishery products
BRANCHES
Fuzhou (China),
Yangon (Myanmar)
SUBSIDIARIES
Kohyo Holland BV;
Kohyo America Inc
FACTORIES
(subcontracted)
OFFICER(S)
SHINTARO HAYASHI,
PRES Masahiro Ohtsuki, mgn dir
Yasumasa Shimizu, mgn dir Tadashi Katoh, dir
Masashi Maeda, dir Katsuyuki Onodera, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES: Yen 36,629 M
PAYMENTS REGULAR CAPITAL Yen 98 M
TREND STEADY WORTH Yen 5,548 M
STARTED 1971 EMPLOYES 118
COMMENT
TRADING HOUSE SPECIALIZING IN MARINE & AGRICULTURAL PROD
UCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 1,480.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
This is a trading house for import, export
and wholesale of fishes, fishery products, farm products, livestock products,
processed foods, canned foods, etc. Also
handles wines, beer, soft drinks, fishing nets & gears, other. Main products are prawns, lobsters, shrimps
and shellfish. Has two overseas branches
in China and Yangon (Myanmar). Overseas
subsidiaries are in Amsterdam and Seattle for purchasing fishes and export into
Japan. Fishery products are
subcontracted processing mostly to factories in China. In July 2003, newly started a fertilizer/feed
division. Domestic clients include
fishery markets, fishery dealers, wholesalers, etc.
FINANCIAL INFORMATION
The sales volume for Jun/2010 fiscal
term amounted to Yen 37,544 million, a 12% up from Yen 33,592 million in the
previous term. Price hikes for fishery
products contributed. Profits improved. The recurring profit was posted at Yen 1,167
million and the net profit at Yen 637 million, respectively, compared with Yen
666 million recurring profit and Yen 413 million net profit, respectively, a
year ago.
For the current term ending Jun 2011 the
recurring profit is projected at Yen 1,170 million and the net profit at Yen
640 million, respectively, on a 3% rise in turnover, to Yen 38,500
million. Business is reportedly on the
uptrend.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 1,480.3 million, on 30 days normal
terms.
REGISTRATION
Date Registered:
Jul 1971
Regd No.:
(Mie-Yokkaichi) 014805
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 200,000 shares
Issued: 196,000 shares
Sum: Yen 98 million
Major shareholders
(%): Hideko Kuromiya (61), Japan Trans City (12), other
No. of
shareholders: 24
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: A trading house for import,
export and wholesale of prawns, shrimps, lobsters (--25%), frozen fishes from
North seas (20%), frozen fishes from South seas (15%), airfreight fresh fishes
(8%), processed fishery products (14%), fish feeds, liquors, farm products,
fishing nets & gears, others (--18%).
(Export 10-15%)
Clients: [Fishery markets,
specialty dealers] Daiei Taigen, Daisui, Osaka Uoichiba, Daiichi Suisan,
Uoichi, Yokohama Reito, other.
Exports to Kohyo USA (Seattle), other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Kohyo USA,
Kohyo Holland, Cresting Wave, Hannan, other.
Imports processed foods from China.
Payment record: Regular
Location: Business area in Yokkaichi
City, Mie-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Yokkaichi)
MUFG (Yokkaichi)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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38,500 |
37,544 |
33,592 |
37,710 |
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Recur.
Profit |
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1,170 |
1,167 |
666 |
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Net
Profit |
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640 |
637 |
413 |
506 |
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Total
Assets |
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11,285 |
9,628 |
10,704 |
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Current
Assets |
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10,175 |
8,467 |
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Current
Liabs |
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5,730 |
4,674 |
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Net
Worth |
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5,548 |
4,944 |
4,558 |
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Capital,
Paid-Up |
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98 |
98 |
98 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.55 |
11.76 |
-10.92 |
2.95 |
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Current Ratio |
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.. |
177.57 |
181.15 |
.. |
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N.Worth Ratio |
.. |
49.16 |
51.35 |
42.58 |
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R.Profit/Sales |
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3.04 |
3.11 |
1.98 |
.. |
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N.Profit/Sales |
1.66 |
1.70 |
1.23 |
1.34 |
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Return On Equity |
.. |
11.48 |
8.35 |
11.10 |
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Notes: Forecast (or
estimated) figures for 30/06/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
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.