MIRA INFORM
REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
JOHOKU CO LTD |
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Registered Office : |
5-10-1 Oizumicho Nerimaku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1973 |
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Com. Reg. No.: |
(Tokyo-Nerimaku) 003253 |
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Legal Form : |
Limited Company |
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Line of Business : |
Processing
of Wire Harness, Lead Wires for Industrial Machinery. |
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 47.4 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually correct |
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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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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
JOHOKU CO LTD
REGD NAME
KK Johoku
MAIN OFFICE
5-10-1 Oizumicho
Nerimaku
Tel:
03-3921-3221 Fax: 03-3923-3001
URL: http://www.johoku-gr.co.jp
E-Mail
address: info@johoku-gr.co.jp
ACTIVITIES
Processing
of wire harness, lead wires for industrial machinery
BRANCHES
Nil
FACTORIES
Onoda
(Yamaguchi), Tochigi
OVERSEAS
OFFICERS:
KEN’ICHIRO
IDE, PRES
Yasusuke
Ide, ch
Takashi
Maeda, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,600 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
518 M
STARTED 1973 EMPLOYES 40
COMMENT
PROCESSING OF WIER HARNESS, LEAD WIRES FOR INDUSTRIAL
MACHINERY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 47.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Yasusuke Ide in order to make most of his
experience in the subject line of business.
Ken’ichiro is his son, who took the pres office in 2003. This is an engineering firm for processing
wire harness, lead wires for industrial machinery related to automobiles,
electric appliances, OA equipment, other.
Clients include major electronics makers nationwide.
FINANCIAL INFORMATION
Financial are only partially disclosed as is the case with
family-based companies.
The
sales volume for Mar/2011 fiscal term amounted to Yen 2,600 million, an 18% up
from Yen 2,197 million in the previous term.
Demand sharply rose from automakers, as reported. The net profit was posted at Yen 111 million,
compared with Yen 44 million a year ago.
The net profits for this term include extraordinary profits.
For the current term ending Mar 2012 the net profit is
projected at Yen 50 million, on a 4% rise in turnover, to Yen 2,700
million. Business is seen expanding
steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 47.4 million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr
1973
Regd No. : (Tokyo-Nerimaku) 003253
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 80,000 shares
Issued :
20,000 shares
Sum : Yen 10
million
Major shareholders (%): Yasusuke Ide (51)
No. of shareholders : 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Processing of wire harness, lead
wires for machineries for automobile, home electronics, OA equipment, other
(--100%)
Clients: [Mfrs, wholesalers] Hitachi Appliances
(20%), Sanyo Electric (20%), Omron, Panasonic, Micron Electric, Yazaki
Corporation, Hitachi Ltd, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Tyco Electronics
Japan GK (10%), Yazaki Corp (10%), Sumitomo Wiring Systems, Mitsubishi Cable
Ind, JST Mfg Co, Hirose Electric Co, other
Payment record: Regular
Location:
Business area in
Bank References:
Tokyo
Tomin Bank (Oizumi)
MUFG
(Oizumi-Gakuen)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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2,700 |
2,600 |
2,197 |
2,394 |
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Recur.
Profit |
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Net
Profit |
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50 |
111 |
44 |
39 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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518 |
407 |
363 |
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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 |
3.85 |
18.34 |
-8.23 |
-14.50 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.85 |
4.27 |
2.00 |
1.63 |
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Notes:
Financials are only partially disclosed.
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.48.82 |
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1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
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.