MIRA INFORM REPORT
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Report Date : |
25.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ONYONE CO LTD |
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Registered Office : |
4327 Takamicho Nagaoka |
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Country : |
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Financials (as on) : |
31.05.2010 |
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Date of Incorporation : |
June 1979 |
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Com. Reg. No.: |
(Niigata-Nagaoka) 000334 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of sportswear |
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 104.4 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 – 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 |
Company name
ONYONE CO LTD
REGD NAME
Onyone KK
MAIN OFFICE
4327 Takamicho
Nagaoka Niigata-Pref 940-8548
Tel:
0258-24-0048 Fax: 0258-24-5422
URL: http//:www.onyone.co.jp
E-mail: (thru the URL)
ACTIVITIES
Mfg of
sportswear
BRANCHES
FACTORIES
At the
caption address;
OFFICER(S)
HIRONORI
ONDA, PRES Kunio
Mezaki, s/mgn dir
Takeshi
Shimizu, mgn dir Katsuhiko
Toba, dir
Takashi
Koga, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,542 M
PAYMENTS REGULAR CAPITAL Yen
311 M
TREND STEADY WORTH Yen
1,605 M
STARTED 1979 EMPLOYES 86
COMMENT
MFR OF SPORTS WEAR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 104.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hironori Onda in order to make most
of his experience in the subject line of business. This is a specialized mfr of sportswear: snow
wear, snowboard wear, outdoor wear, baseball wear, other. Operates mfg plant in
FINANCIAL INFORMATION
The sales volume for May/2010 fiscal term amounted to Yen 2,542 million,
a 2% down from Yen 2,588 million in the previous term. Consumer spending was sluggish. The recurring profit was posted at Yen 116
million and the net profit at Yen 82 million, respectively, compared with Yen
23 million recurring profit and Yen 17 million net profit, respectively, a year
ago.
For the current term ending Mar 2011 the recurring profit is projected
at Yen 120 million and the net profit at Yen 85 million, respectively, on a 4%
rise in turnover, to Yen 2,650 million.
Sales in
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 104.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun
1979
Regd No.: (Niigata-Nagaoka)
000334
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2.4
million shares
Issued: 623,180 shares
Sum: Yen
311.59 million
Major shareholders (%):
Hironori Onda and families (--100%)
No. of shareholders: 24
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures sportswear:
ski wear, snowboard wear, outdoor wear, baseball wear, bike wear, warm gear,
water gear, sports gear, other (--100%).
Clients: [Sports shops,
sports clubs, consumers] Xebio Co, Himalaya Co, Megane Sports, Alpen Sports,
ICI Ishii Sports, Prospect Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Itochu Corp, Unitika Corp, YKK Fastening Products Sales, Seiren
Co, Komatsu Seiren Co, other.
Imports from
Payment record:
Regular
Location:
Business area in Nagaoka, Niigata-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Hokuetsu
Bank (H/O)
Daishi
Bank (Nagaoka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/05/2011 |
31/05/2010 |
31/05/2009 |
31/05/2008 |
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Annual
Sales |
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2,650 |
2,542 |
2,588 |
3,091 |
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Recur.
Profit |
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120 |
116 |
23 |
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Net
Profit |
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85 |
82 |
17 |
-24 |
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Total
Assets |
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2,646 |
2,727 |
2,798 |
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Current
Assets |
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1,715 |
1,867 |
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Current
Liabs |
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783 |
914 |
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Net
Worth |
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1,605 |
1,523 |
1,505 |
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Capital,
Paid-Up |
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311 |
311 |
311 |
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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 |
4.25 |
-1.78 |
-16.27 |
3.03 |
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Current Ratio |
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.. |
219.03 |
204.27 |
.. |
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N.Worth Ratio |
.. |
60.66 |
55.85 |
53.79 |
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R.Profit/Sales |
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4.53 |
4.56 |
0.89 |
.. |
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N.Profit/Sales |
3.21 |
3.23 |
0.66 |
-0.78 |
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Return On Equity |
.. |
5.11 |
1.12 |
-1.59 |
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Notes:
Forecast (or estimated) figures for the 31/05/2011 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.44.77 |
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1 |
Rs.72.66 |
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Euro |
1 |
Rs.63.06 |
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 |
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.