MIRA INFORM REPORT
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Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
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Name : |
AKI SHOKAI CO LTD |
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Registered Office : |
#205 Freedio-Shibakoen, 2-8-11 Shibadaimon Minatoku Tokyo 105-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2011 |
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Date of Incorporation : |
April 1991 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 001100 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of industrial chemicals & intermediates |
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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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name
AKI SHOKAI CO LTD
REGD NAME
Aki Shokai KK
MAIN OFFICE
#205
Freedio-Shibakoen, 2-8-11 Shibadaimon Minatoku Tokyo 105-0012 JAPAN
Tel:
03-5425-6822 Fax: 03-5425-6833
URL: N/A
ACTIVITIES
Export
of industrial chemicals & intermediates
BRANCHES
Nil
OFFICER(S)
SHIGEAKI
MORI, PRES
Junko
Mori, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,567 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
1130 M
STARTED 1991 EMPLOYES 4
COMMENT
TRADING HOUSE SPECIALIZING IN EXPORTING INDUSTRIAL CHEMICALS. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Shigeaki Mori in order to make
most of his experience in the subject line of business. This is a small-sized trading house, owned and
managed by the Mori family, specializing in exporting industrial chemicals,
their intermediates & ingredients.
Destinations are centered in Asia-Pacific region: India, Pakistan,
Thailand, Singapore, Korea, Hong Kong, Australia, China, etc. 60% of the products are exported to
India. Goods are supplied from domestic
major industrial chemical mfrs. Also
imports chemicals from India, other.
FINANCIAL INFORMATION
The sales volume for May/2011 fiscal term amounted to Yen 1,567 million,
a 5% up from Yen 1,489 million in the previous term. Exports were robust particularly into India
and China, where nearly80% of the products are shipped. Export volumes compensated the loss from the
high Yen in Yen terms. The recurring
profit was posted at Yen 31 million and the net profit at Yen 20 million,
respectively, compared with Yen 47 million recurring profit and Yen 26 million
net profit, respectively, a year ago.
For the current term ending May 2012 the recurring profit is projected
at Yen 33 million and the net profit at Yen 23 million, respectively, on a 5%
rise in turnover, to Yen 1,650 million.
Exports continue growing steadily.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements.
REGISTRATION
Date Registered: Apr 1991
Regd No.: (Tokyo-Minatoku) 001100
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10
million
Major shareholders (%): Shigeaki
Mori (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: A trading house
specializing in exporting industrial chemicals, intermediates & ingredients
(--100%).
Exports to: India, Thailand, Hong Kong, Australia, Pakistan, Korea,
Singapore, China, and other S/E Asian countries.
Clients: [Chemical mfrs,
wholesalers] Exports to India (60%), China (20%), Thailand, Pakistan,
Australia, Singapore, Hong Kong, Korea, other.
Also shipped to domestic chemical mfrs.
No. of accounts: 100
(Domestic clients only)
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Daicel Chemical Ind, Mitsui Chemicals, Sumitomo Seika Chemicals, Air Water Inc, Nippon Carbide
Ind, other.
Also imports from India, etc.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
· MUFG (Hamamatsucho)
· Mizuho Bank (Hamamatsucho)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/20010 |
31/05/2009 |
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Annual
Sales |
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1,650 |
1,567 |
1,489 |
1,206 |
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Recur.
Profit |
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33 |
31 |
47 |
27 |
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Net
Profit |
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23 |
20 |
26 |
17 |
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Total
Assets |
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406 |
503 |
278 |
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Current
Assets |
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336 |
361 |
188 |
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Current
Liabs |
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156 |
223 |
85 |
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Net
Worth |
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130 |
109 |
83 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
5.30 |
5.24 |
23.47 |
-16.42 |
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Current Ratio |
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.. |
215.38 |
161.88 |
221.18 |
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N.Worth Ratio |
.. |
32.02 |
21.67 |
29.86 |
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R.Profit/Sales |
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2.00 |
1.98 |
3.16 |
2.24 |
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N.Profit/Sales |
1.39 |
1.28 |
1.75 |
1.41 |
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Return On Equity |
.. |
15.38 |
23.85 |
20.48 |
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Notes:
Forecast (or estimated) figures for the 31/05/2012 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.50.28 |
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UK Pound |
1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.45 |
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.