MIRA INFORM REPORT

 

 

Report Date :           

05.11.2011

 

IDENTIFICATION DETAILS

 

Name :                                

KSB LTD

 

 

Registered Office :

Nihombashi Kaisei Bldg 3F, 3-6-15 Higashi-Nihombashi Chuoku Tokyo 103-0004

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

March 1990

 

 

Com. Reg. No.:

(Tokyo-Chuoku) 103438

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of pumps, valves & systems for water application

 

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 5.4 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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

KSB LTD

 

 

REGD NAME

 

KSB KK

 

 

MAIN OFFICE

 

Nihombashi Kaisei Bldg 3F, 3-6-15 Higashi-Nihombashi Chuoku Tokyo 103-0004 JAPAN

Tel: 03-5651-1070      Fax: 03-5651-1136

                                               

URL:                                         http://www.ksb.com

E-Mail address:                        (thru the URL)

 

 

ACTIVITIES  

 

Import, wholesale of pumps, valves & systems for water application

 

 

BRANCHES   

 

Osaka

 

 

OFFICERS

 

TOKUMARU YAMAGUCHI, PRES                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 290 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 130 M

STARTED                     1990                             EMPLOYES      14

COMMENT    

 

TRADING FIRM FOR IMPORTING PUMPS, VALVES & SYSTEMS, OWNED  BY KSB GERMANY.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

           

MAX CREDIT LIMIT: YEN 5.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by KSB (Germany) as its marketing arm in Japan.  This is a trading firm for import and wholesale of KSB products: pumps, valves & systems for water application.  Goods are imported from KSB and its group firms.  Clients include major heavy machinery makers nationwide.

 

 

FINANCIAL INFORMATION

           

Financial are consolidated by the German parent and only partially disclosed.

 

The sales volume for Dec/2010 fiscal term amounted to Yen 290 million, a 6% down from Yen 308 million in the previous term.  Business activities were slow to recover from the global economic downturn.  The net profit was posted at Yen 4 million, compared with Yen 5 million a year ago.

 

For the current term ending Dec 2011 the net profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 300 million.  Business is seen rising steadily. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 5.4 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 1990

Regd No.:         (Tokyo-Chuoku) 103438

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         60,000 shares

Issued:                60,000 shares

Sum:                   Yen 30 million

Major shareholders (%): KSB (Germany) (100)

 

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

 

OPERATION

           

Activities: Import and wholesales: pumps, valves and systems for water application (--100%)

 

(Application for): water extraction, water treatment, water transport, waste water, other

 

Clients: [Mfrs, wholesalers] Mitsubishi Heavy Ind, IHI Corp, Chiyoda Corp, JGC Corp, Toyo Engineering Corp, Toshiba Corp, Kawasaki Heavy Ind, Mitsui Engineering & Shipbuilding Co, KSB, other

 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] KSB (Germany) and its Group firms, Yasaka Valve Ind, Yanagimoto Co, Kyoshin Giko Co, Okazaki Tokushu Seiko Co, other

 

Payment record: Regular

 

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

 

Bank References:

Royal Bank of Scotland (Tokyo)

SMBC (Ningyocho)

Relations: Satisfactory

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/12/2011

31/12/2010

31/12/2009

31/12/2008

Annual Sales

　

300

290

308

311

Recur. Profit

　

　

　

　

　

Net Profit

　

5

4

5

5

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

130

126

121

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.45

-5.84

-0.96

72.78

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.67

1.38

1.62

1.61

 

Notes: Financials are consolidated by the Germany parent and only partially disclosed.

Forecast (or estimated) figures for the 31/12/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.65

Euro

1

Rs.67.79

 

 

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.