MIRA
INFORM REPORT
|
Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
KIKUDEN INTERNATIONAL INC |
|
|
|
|
Registered Office : |
TOC Bldg 8F, 7-22-17 Nishigotanda
Shinagawaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
January
1981 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Shinagawaku) 022163 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, export, wholesale of heavy electric machinery & equipment |
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 22.8 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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Name and address
KIKUDEN INTERNATIONAL INC
REGD NAME: Kikuden
International KK
MAIN OFFICE: TOC
Bldg 8F, 7-22-17 Nishigotanda Shinagawaku
Tel: 03-5759-8930
Fax: 03-5759-8932
URL: http//:www.kikuden.co.jp
E-mail: info@kikuden.co.jp
ACTIVITIES
Import, export, wholesale
of heavy electric machinery & equipment
BRANCHES
FACTORIES
(subcontracted)
OFFICER(S)
Minoru Kikuchi, ch
FUMITAKE KIKUCHI,
PRES
Taku Suetsugu, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,080 M
PAYMENTS REGULAR CAPITAL Yen
30 M
TREND SLOW WORTH Yen
355 M
STARTED 1981 EMPLOYES 33
COMMENT
TRADING FIRM
SPECIALIZING IN HEAVY ELECTRIC MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 22.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Minoru Kikuchi in order to make most of his previous
experience in the subject line of business.
Fumitake is his son. This is a
trading firm specializing in import, export and wholesale of heavy electric
machinery & equipment centrally, switchboards, shipbuilding supplies &
parts, insulating materials, pallets, other.
Goods are imported from
FINANCIAL INFORMATION
The sales volume
for Sept/2010 fiscal term amounted to Yen 1,080 million, a 13% down from Yen
1,247 million in the previous term, as affected by the global economic
downturn, particularly in the first half of the term. High Yen against US Dollars and EURO hurt
sales earnings and profits in Yen terms.
The recurring profit was posted at Yen 99 million and the net profit at
Yen 24 million, respectively, compared with Yen 21 million recurring profit and
Yen 183 million net losses, respectively, a year ago. .
For the current
term ending Sept 2011 the recurring profit is projected at Yen 100 million and
the net profit at Yen 25 million,
respectively, on a 6% rise in turnover, to Yen 1,150 million. Demand has recovered. Both imports and exports increased. High Yen continues to erode earnings &
profits in Yen terms.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 22.8
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan
1981
Regd No.:
(Tokyo-Shinagawaku) 022163
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major
shareholders (%): Minoru Kikuchi (46), Ryoko Kikuchi (20), KDI Global Management (20),
Fumitake Kikuchi (10), Kakuko Takushima (4)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales heavy electric machinery & equipment: generators,
transformers, switch gear, motor, LPG/LNG plant (tanks, pipes, thermal
resistant materials), PCB soldering pallets (wave solder pallet, reflow solder
pallet, FPC reflow carrier, ultra sonic cleaner), PCB assemble production
software, diamond dicing blades, IT backup & recovery, data storage, other
(--100%).
(Import 70%, export 30%)
Clients: [Electronics
mfrs, wholesalers] AE Power Systems Japan, Mitsubishi Electric, Toshiba Corp,
Hitachi Ltd, NEC, Sony Corp, IHI Marine United, Meidensha Corp, Fujitsu Ltd,
Denso Corp, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Westral Insulated Products Pte Ltd (
Imports from: Europe,
Payment record: Regular
Location: Business area in
Bank
References:
MUFG (Shibuya)
Mizuho Bank
(Ichigaya)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
|
|
Annual
Sales |
|
1,150 |
1,080 |
1,247 |
1,778 |
|
Recur.
Profit |
|
100 |
99 |
21 |
|
|
Net
Profit |
|
25 |
24 |
-183 |
100 |
|
Total
Assets |
|
|
1,046 |
1,078 |
988 |
|
Current
Assets |
|
|
908 |
916 |
|
|
Current
Liabs |
|
|
125 |
308 |
|
|
Net
Worth |
|
|
355 |
331 |
515 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
6.48 |
-13.39 |
-29.87 |
9.15 |
|
|
Current Ratio |
|
.. |
726.40 |
297.40 |
.. |
|
N.Worth Ratio |
.. |
33.94 |
30.71 |
52.13 |
|
|
R.Profit/Sales |
|
8.70 |
9.17 |
1.68 |
.. |
|
N.Profit/Sales |
2.17 |
2.22 |
-14.68 |
5.62 |
|
|
Return On Equity |
.. |
6.76 |
-55.29 |
19.42 |
|
Notes: Forecast
(or estimated) figures for the 30/09/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.