MIRA
INFORM REPORT
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Report Date : |
24.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KOKUSAI EISEN CO LTD |
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Registered Office : |
Ishigane Nihombashi Bldg 4F, 4-14-7 Nihombashi-Honcho Chuoku Tokyo103-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
May 1946 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 119657 |
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Legal Form : |
Limited Company |
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Line of Business : |
Extermination service of harmful insects, insecticides, detergent |
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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Status : |
Moderate |
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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 30, 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 and address
KOKUSAI EISEN CO LTD
REGD NAME: Kokusai
Eisei KK
MAIN OFFICE: Ishigane
Nihombashi Bldg 4F, 4-14-7 Nihombashi-Honcho Chuoku
Tokyo103-0023 JAPAN
Tel: 03-3667-6711 Fax: 03-3667-6544
URL: http://www.kokusaieisei.jp
E-Mail address: info@kokusaieisei.jp
ACTIVITIES
Extermination service
of harmful insects, insecticides, detergent
BRANCHES
Nagoya, Osaka,
Kobe
FACTORIES
Kawasaki
(laboratory)
OFFICERS
RYOSUKE KAMEI,
PRES Yoshiyuki
Teraoka, mgn dir
Takeshi Junimura,
dir Teruo
Nakahara, dir
Tatsuo
Hayashibara, dir Yoshihiro
Fujita, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,733 M
PAYMENTS REGULAR CAPITAL Yen
45 M
TREND SLOW WORTH Yen
340 M
STARTED 1946 EMPLOYES 113
COMMENT
EXTERMINATION SERVICE PROVIDER OF HARMFUL INSECTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established
by Ryosuke Kamei in order to make most of his experience in the subject line of
business. This is an extermination
service provider for factories, restaurants, food processors. Also wholesales insecticides, detergent,
other related products. Clients include
major bakeries, food processors, confectionery makers, other.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal
term amounted to Yen 1,733 million, a 3% down from Yen 1,792 million in the
previous term. The net profit was posted
at Yen 73 million, compared with Yen 140 million a year ago.
For the current term ending Mar 2012
the net profit is projected at Yen 75 million, on a 4% rise in turnover, to Yen
1,800 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
REGISTRATION
Date Registered: May
1946
Regd No.: (Tokyo-Chuoku) 119657
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 360,000 shares
Issued: 49,000 shares
Sum: Yen 45 million
Major
shareholders (%): Iwatani Corp (90), Showa Denko (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Extermination
service provider of harmful insects, and wholesales detergents, insecticides,
other (--100%),
Clients: [Food processors,
mfrs] Nisshin Seifun Group Inc, Yamazaki Baking Co, Fuji Baling Group, Meiji
Seika Pharma, Hitachi Chemical Co, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Itochu Techno Chemical, Sumitomo Chemical, Kureha Corp, Nippon
Soda Co, Shoko Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Hamamatsucho)
MBC (Mitadori)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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1,800 |
1,733 |
1,792 |
657 |
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Recur.
Profit |
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Net
Profit |
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75 |
73 |
140 |
-40 |
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Total
Assets |
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1,251 |
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1,031 |
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Current
Assets |
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745 |
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696 |
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Current
Liabs |
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538 |
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694 |
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Net
Worth |
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340 |
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194 |
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Capital,
Paid-Up |
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45 |
45 |
45 |
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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 |
3.87 |
-3.29 |
172.75 |
-62.61 |
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Current Ratio |
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.. |
138.48 |
.. |
100.29 |
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N.Worth Ratio |
.. |
27.18 |
.. |
18.82 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
4.17 |
4.21 |
7.81 |
-6.09 |
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Return On Equity |
.. |
21.47 |
.. |
-20.62 |
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Notes: Forecast
(or estimated) figures for the 31/03/2012 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.50.06 |
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1 |
Rs.79.15 |
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Euro |
1 |
Rs.69.03 |
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.