MIRA
INFORM REPORT
|
Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SAKAI KOUHAN CO LTD |
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Registered Office : |
4-543-3 Miyake-Nishi Matsubara City
Osaka-Pref 580-0045 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Year of Establishment : |
September 1963 |
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Com. Reg. No.: |
(Osaka-Sakai) 002525 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing, processing of steel sheets
(shirring) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 219.7 Million |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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 30, 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 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
SAKAI KOUHAN CO LTD
REGD NAME: Sakai
Kouhan KK
MAIN OFFICE: 4-543-3
Miyake-Nishi Matsubara City Osaka-Pref 580-0045 JAPAN
Tel: 0723-31-1300 Fax: 0723-36-1334
*.. Registered at: 1-9-8
Sakai Osaka-Pref
** The given address is
its Matsubara Branch Office
URL: http://www.sakaikouhan.com
E-mail Address: info@sakaikouhan.com
ACTIVITIES
Mfg, processing of
steel sheets (shirring)
BRANCHES
Tokyo, Nagoya, Fukuoka,
Osaka
OVERSEAS
China, Bangladesh,
Vietnam
FACTORIES
At the caption
address, Sakai (3), Osaka, Fukuyama
OFFICERS
Shingo Tsuda, ch KATSUHISA
TSUDA, PRES
Takashi Tanaka, s/mgn dir Makoto Takahashi, s/mgn
dir
Emiko Tsuda, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 12,556 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
1,593 M
STARTED 1963 EMPLOYES 80
COMMENT
MFR & PROCESSOR OF STEEL SHEETS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 219.7 MILLION, 30 DAYS NORMAL TERMS.
.
HIGHLIGHTS
The subject company was established by Shingo
Tsuda in order to make most of his experience in the subject line of
business. Katsuhisa Tsuda is his
son. This is a specialized mfr
specializing in mfg (shirring) & processing of sheet iron, hot rolled steel
sheets, pickled steel sheets, other. Also
recently advanced into making solar panels.
Active in overseas expansion, operating offices in China, Vietnam and
Bangladesh. Domestic clients include
steel mills, steel traders, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Apr/2011 fiscal
term amounted to Yen 12,556 million, a 13% up from Yen 11,103 million in the
previous term. Exports were robust into
China and Vietnam. Solar panels were
much in need. The recurring profit was
posted at Yen 186 million and the net profit at Yen 131 million, respectively,
compared with Yen 190 million recurring profit and Yen 213 million net profit,
respectively, a year ago.
For the current term ending Apr 2012 the
recurring profit is projected at Yen 190 million and the net profit at Yen 135
million, respectively, on a 5% rise in turnover, to Yen 13,200 million. Sales of solar panels continue rising. Exports also are rising into China &
Vietnam. Business is seen steadily
expanding.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 219.7
million, on 30 days normal terms.
REGISTRATION
Date Registered:
Sept 1963
Regd No.:
(Osaka-Sakai) 002525
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued:
40,000 shares
Sum: Yen 20 million
Major
shareholders (%): Katsuhisa Tsuda (35), Yukiko Nishiyama (30), Emiko Tsuda (27.5), Shingo
Tsuda (7.5)
No.
of shareholders: 4
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures and
processes: steel sheets, surface-treated steel sheets, galvanized steel sheets,
colored steel sheets, hot-rolled & pickled steel sheets; metal-working
machines & equipment, warehousing & cargo truck forwarding, solar
panels (deck roof type, inclined roof type, folded plate type roof, other),
other
(--100%)
Clients: [Steel mills,
steel traders] JFE Steel, Sumikin Bussan Corp, Hanwa Corp, Marubeni-Itochu
Steel Inc, Steel Center Co, Kanpo Steel Co, Steel Center, Nisshin A&C Co,
Toyota Tsusho Corp, Metal One Co, Tsukiboshi Shoji Co, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Marubeni-Itochu Steel Inc, Kanpo Steel Co, Mitsui & Co, Metal One Corp, Hanwa Co, JFE Shoji Trading,
Tsukiboshi Shoji, Toyotsu Tekkou Hanbai,
Shinsho Corp, Kobe Steel Ltd, Nippon Steel Corp, Sumitomo Metal Ind, other.
Payment
record: Regular
Location: Business area in Matsubara City,
Osaka-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank
References:
MUFG (Sakai)
Senshu Bank
(Matsubara)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
|
|
Annual
Sales |
|
13,200 |
12,556 |
11,103 |
16,821 |
|
Recur.
Profit |
|
190 |
186 |
190 |
18 |
|
Net
Profit |
|
135 |
131 |
213 |
30 |
|
Total
Assets |
|
|
6,522 |
7,315 |
8,814 |
|
Current
Assets |
|
|
4,640 |
5,344 |
6,775 |
|
Current
Liabs |
|
|
2,135 |
2,887 |
2,682 |
|
Net
Worth |
|
|
1,593 |
1,461 |
1,248 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.13 |
13.09 |
-33.99 |
-13.03 |
|
|
Current Ratio |
|
.. |
217.33 |
185.11 |
252.61 |
|
N.Worth Ratio |
.. |
24.43 |
19.97 |
14.16 |
|
|
R.Profit/Sales |
|
1.44 |
1.48 |
1.71 |
0.11 |
|
N.Profit/Sales |
1.02 |
1.04 |
1.92 |
0.18 |
|
|
Return On Equity |
.. |
8.22 |
14.58 |
2.40 |
|
Note: Forecast (or
estimated) for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
|
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.79 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.