MIRA INFORM REPORT
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Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
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Name : |
COSMO OILS & FATS CO LTD |
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Registered Office : |
Soken Doshin Bldg 4F, 2-13-4 Doshin Kitaku
Osaka 530-0035 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2010 |
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Date of Incorporation : |
February 1954 |
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Com. Reg. No.: |
(Osaka-Kitaku) 063874 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of
industrial oils & fats |
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 21.3 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 – 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
COSMO OILS & FATS CO LTD
REGD NAME
Cosmo Yuka KK
MAIN OFFICE
Soken Doshin Bldg 4F,
2-13-4 Doshin Kitaku Osaka 530-0035 JAPAN
Tel:
06-6351-3025 Fax: 06-6351-3086
URL: Nil
ACTIVITIES
Import,
export, wholesale of industrial oils & fats
BRANCHES
Nil
OFFICER(S)
TADAO
ASAI, PRES
Jun’ichi
Takeuchi, dir
Moriyasu
Uno, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,500 M
PAYMENTS REGULAR CAPITAL Yen 60 M
TREND STEADY WORTH Yen
221 M
STARTED 1954 EMPLOYES 10
COMMENT
TRADING
FIRM SPECIALIZING IN INDUSTRIAL OILS 6 FATS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 21.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tadao Asai in order to make most
of his experience in the subject line of business. This is a trading firm specializing in import
and export of industrial oils & fats.
Clients are oil refineries, food processors, other.
FINANCIAL INFORMATION
The sales volume for Nov/2010 fiscal term amounted to Yen 1,500 million,
an 11% up from Yen 1,353 million in the previous term. Exports rose into China and other S/E Asian
countries. The recurring profit was
posted at Yen 35 million and the net profit at Yen 12 million, respectively,
compares with Yen 31 million recurring profit and Yen 14 million net profit,
respectively, a year ago.
For the current term ending Nov 2011 the recurring profit is projected
at Yen 37 million and the net profit at Yen 13 million, respectively, on a 5%
rise in turnover, to Yen 1,570 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit is estimated at Yen
21.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1954
Regd No.: (Osaka-Kitaku) 063874
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
480,000 shares
Issued:
120,000 shares
Sum: Yen 60
million
Major
shareholders (%): Tadao Asai (38), Jun’ichi Takeuchi (32), Shoko Asai (7),
Yoko Uehara (5), Yumiko Mizutani (5)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales industrial fats & oils, solvents, aromatics, other industrial chemicals, detergents, coatings,
other (--100%).
Clients: [Mfrs,
wholesalers] San-Ai Oil Co, Nekken Chemical Ind, Matsui Color Ind, Nagase Corp,
Osaka Printing Ink Mfg, Nippon Paint, Sumitomo Rubber Ind, Showa Denko, Toyobo
Co, Nitto Kasei Co, Hiyoko Paint Co, DIC Graphics Corp, other.
No. of accounts: 300
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Exxon Mobil Corp, San-Ai Oil Co, Mitsubishi Solvent Coating,
Nisshin Oilio Group, Mitsubishi
Shoji Chemical, Cosmo Trade & Service, Himec Electronics, Mitsui Bussan
Chemicals Co, Sinochem Japan Co, J Oil Mills, other,.
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
· MUFG (Tenjinbashi)
· Mizuho Bank (Dojima)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/11/2011 |
30/11/2010 |
30/11/2009 |
30/11/2008 |
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Annual
Sales |
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1,570 |
1,500 |
1,353 |
2,034 |
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Recur.
Profit |
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37 |
35 |
31 |
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Net
Profit |
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13 |
12 |
14 |
3 |
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Total
Assets |
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1,124 |
1,060 |
1,329 |
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Current
Assets |
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520 |
483 |
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Current
Liabs |
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264 |
301 |
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Net
Worth |
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221 |
212 |
197 |
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Capital,
Paid-Up |
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60 |
60 |
60 |
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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 |
4.67 |
10.86 |
-33.48 |
11.82 |
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Current Ratio |
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.. |
196.97 |
160.47 |
.. |
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N.Worth Ratio |
.. |
19.66 |
20.00 |
14.82 |
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R.Profit/Sales |
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2.36 |
2.33 |
2.29 |
.. |
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N.Profit/Sales |
0.83 |
0.80 |
1.03 |
0.15 |
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Return On Equity |
.. |
5.43 |
6.60 |
1.52 |
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Notes:
Forecast (or estimated) figures for the 30/11/2011 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.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.