MIRA INFORM REPORT
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Report Date : |
07.10.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
OMIYA RYOSHOKU KOGYO CO LTD |
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Registered Office : |
1-32-12 Kakinokizaka Meguroku Tokyo
152-0022 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2011 |
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Date of Incorporation : |
December 1948 |
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Com. Reg. No.: |
(Tokyo-Meguroku) 001193 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of baking powder, food additives, other |
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 53.7 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
OMIYA RYOSHOKU KOGYO CO LTD
(This Is the Right
Spelling)
REGD NAME
Omiya Ryoshoku
Kogyo KK
MAIN OFFICE
1-32-12
Kakinokizaka Meguroku Tokyo 152-0022 JAPAN
Tel:
03-3724-2056 Fax: 03-3718-7456
*.. The given
address in Kanagawa-Pref is its Factory.
URL: http://www.aikoku-sangyo.co.jp
(Of the parent Aikoku Corporation)
E-Mail address: (Thru the URL)
ACTIVITIES
Mfg of
baking powder, food additives, other
BRANCHES
Nil
FACTORIES
Sagamihara
(Kanagawa-Pref), as given
OFFICERS
KOZUE
TACHIKI, PRES Noboru
Tachiki, s/mgn dir
Eiichi
Suzuki, v pres Shigeo
Matsuda, dir
Hidenobu
Hasebe, dir Natsuko
Tachiki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,783 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
816 M
STARTED 1948 EMPLOYES 65
COMMENT
MFR OF BAKING POWDER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 53.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established originally in 1932 by a certain Tachiki for making baking powder,
on his account, and was incorporated in 1948 and succeeded by his
descendants. The firm is wholly owned by
Tachiki family. In 1959, established
Aikoku Sangyo Co Ltd as a trading company and firm concentrated on mfg
only. In Jan 2011, Aikoku Sangyo renamed
as Aikoku Corporation, located at the same address. This is a specialized mfg of baking powder,
food additives, other. Goods are all
manufactured by the “Aikoku” brand name.
90% of the products are shipped to Aikoku Corporation for exporting and
wholesaling. President of Aikoku
Corporation, Minoru Tachiki, is 70% shareholder of the subject company.”
FINANCIAL INFORMATION
The sales volume for
May/2011 fiscal term amounted to Yen 2,783 million, a 2% up from Yen 2,736
million in the previous term. The
recurring profit was posted at Yen 172 million and the net profit at Yen 112
million, respectively, compared with Yen 71 million recurring profit and Yen 45
million net profit, respectively, a year ago.
Exports were robust at Aikoku Corporation side, says the firm.
For the current term
ending May 2012 the recurring profit is projected at Yen 185 million and the
net profit at Yen 120 million, respectively, on an 8% rise in turnover, to Yen
3,000 million. Exports continue expanding,
in addition to increasing domestic demand.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 5.7
million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1948
Regd No.: (Tokyo-Meguroku) 001193
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Minoru Tachiki (70%), Kozue
Tachiki (3%), Noboru Tachiki (2%)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures baking powder (70%), food additives (25%), and other
ingredients (4%).
Clients: [Wholesaler] Aikoku Corporation (90%), Unitec Foods, other
No. of accounts: 3
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Okajima Shoten, Nihon Shokuhin Kako Co, Auto Can
Mfg Co, Asahi Glass, Unitec Foods, other.
Payment record: Regular
Location: Business area in Tokyo. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
· SMBC (Toritsu-Daigaku-Mae)
· Shoko Chukin Bank (Shibuya)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
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Annual
Sales |
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3,000 |
2,783 |
2,736 |
2,591 |
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Recur.
Profit |
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185 |
172 |
71 |
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Net
Profit |
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120 |
112 |
45 |
40 |
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Total
Assets |
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2,713 |
2,475 |
2,671 |
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Current
Assets |
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1,483 |
1,253 |
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Current
Liabs |
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1,323 |
971 |
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Net
Worth |
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816 |
703 |
665 |
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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 |
250.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.80 |
1.72 |
5.60 |
3.64 |
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Current Ratio |
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.. |
112.09 |
129.04 |
.. |
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N.Worth Ratio |
.. |
30.08 |
28.40 |
24.90 |
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R.Profit/Sales |
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6.17 |
6.18 |
2.60 |
.. |
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N.Profit/Sales |
4.00 |
4.02 |
1.64 |
1.54 |
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Return On Equity |
.. |
13.73 |
6.40 |
6.02 |
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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.49.19 |
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UK Pound |
1 |
Rs.75.92 |
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Euro |
1 |
Rs.65.44 |
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.