MIRA
INFORM REPORT
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Report Date : |
04.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MINOKYU CO LTD |
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Registered Office : |
24-1 Hongomae Hagiwaracho-Togari |
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Country : |
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Financials (as on) : |
31.10.2010 |
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Date of Incorporation : |
June 1960 |
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Com. Reg. No.: |
(Aichi-Ichinomiya) 083855 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of mustard products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 4.0 Million |
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Status : |
Small Company |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
MINOKYU CO LTD
REGD NAME: KK
Minokyu
MAIN OFFICE: 24-1
Hongomae Hagiwaracho-Togari Ichinomiya Aichi-Pref 491-0309
Tel: 0586-69-0309
Fax: 0586-69-0311
URL: http//:www.minokyu.co.jp
E-mail: info@minokyu.co.jp
ACTIVITIES
Mfg of mustard
products
BRANCHES
FACTORIES
At the caption
address
OFFICER(S)
WATARU KATO, PRES Tsutomu Kato, ch
Yasushi Kato, mgn
dir Kazuya Kato, pres
Katsuhiko Shibata,
dir Masuichi Noro, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,336 M
PAYMENTS REGULAR CAPITAL Yen 48 M
TREND STEADY WORTH Yen
65 M
STARTED 1960 EMPLOYES 67
COMMENT
MFR OF MUSTARD
PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 4.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established originally in 1875 by a certain Kato in order to
manufacture mustard products.
Incorporated in 1960, the firm has been succeeded by his
descendants. This is a specialized mfr
of mustard products: mustard flour, prepared mustard, whole-grain mustard,
mustard sauce & other spices. Top-class
mfr of commercial-use mustard & spices nationwide. Products are also imported and exported.
FINANCIAL INFORMATION
The sales volume
for Oct/2010 fiscal term amounted to Yen 2,336 million, an 8% up from Yen 2,160
million in the previous term. This is
attributed to the introduction of new spices and exports into
For the current
term ending Oct 2011 the recurring profit is projected at Yen 35 million and
the net profit at Yen 5 million, respectively, on a 5% rise in turnover, to Yen
2,450 million. Exports are steadily
expanding. High Yen will eat into
profits in Yen terms.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 4.0
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1960
Regd No.:
(Aichi-Ichinomiya) 083855
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 384,000 shares
Issued: 96,000 shares
Sum: Yen 48 million
Major
shareholders (%): Tsutomu Kato (17), Kazuya Kato (17), Kimiyo Kato (12), Hisako Kato
(12), Wataru Kato (12), other
No. of shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
mustard products (100%): mustard flour, prepared mustard, whole-grain mustard,
American mustard, mustard sauce & other spices, food additives, other.
Clients: [Food
processors, mfrs, wholesalers] Amari Foods, Hachi Foods, Kaneka Sun Spice Co,
Takano Foods Co, Kinjirushi Co, KENKO Mayonnaise Co, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kaede Sangyo Co (95%), Vox Trading Co, other
Payment record: Regular
Location: Business area in
Bank References: MUFG (
Jyuroku Bank
(Onishi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/10/2011 |
31/10/2010 |
31/10/2009 |
31/10/2008 |
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Annual
Sales |
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2,450 |
2,336 |
2,160 |
2,140 |
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Recur.
Profit |
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35 |
33 |
53 |
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Net
Profit |
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5 |
3 |
3 |
-134 |
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Total
Assets |
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2,340 |
2,360 |
2,359 |
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Current
Assets |
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815 |
791 |
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Current
Liabs |
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652 |
643 |
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Net
Worth |
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65 |
61 |
58 |
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Capital,
Paid-Up |
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48 |
48 |
48 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.88 |
8.15 |
0.93 |
0.75 |
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Current Ratio |
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.. |
125.00 |
123.02 |
.. |
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N.Worth Ratio |
.. |
2.78 |
2.58 |
2.46 |
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R.Profit/Sales |
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1.43 |
1.41 |
2.45 |
.. |
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N.Profit/Sales |
0.20 |
0.13 |
0.14 |
-6.26 |
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Return On Equity |
.. |
4.62 |
4.92 |
-231.03 |
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Notes: Forecast
(or estimated) figures for the 31/10/2010 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.44.96 |
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1 |
Rs.73.37 |
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Euro |
1 |
Rs.62.33 |
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.