MIRA INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KOUJIYA CO LTD |
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Registered Office : |
121 Yamazaki Hitachinaka Ibaraki-Pref
311-1251 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2011 |
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Date of Incorporation : |
October 1990 |
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Com. Reg. No.: |
(Ibaraki-Hitachinaka)
000934 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of compost, leaf mold, fertilizers for
gardening |
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 37.2 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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
KOUJIYA CO LTD
REGD NAME
KK Koujiya
MAIN OFFICE
121 Yamazaki
Hitachinaka Ibaraki-Pref 311-1251 JAPAN
Tel:
029-264-2611 Fax: 029-264-2600
E-Mail address: info@koujiya.co.jp
ACTIVITIES
Mfg of
compost, leaf mold, fertilizers for gardening
BRANCHES
Nil
FACTORIES
Ohba
(Ibaraki), Utsunomiya
OFFICERS
AKIHIRO
SUZUKI, PRES Kiichi
Suzuki, ch
Keiko
Suzuki, s/mgn dir Kunio
Aizawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,464 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen
329 M
STARTED 1990 EMPLOYES 59
COMMENT
MFR OF GARDENING SUPPLIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 37.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1972 by Kiichi Suzuki,
on his account, for making compost, leaf mold, other gardening supplies, and
was incorporated in 1990. This is a
family-based mfr, wholly owned by the Suzuki family, for making compost, leaf
mold, other gardening soils, fertilizers, other. Clients include chain stores, seed &
seedling mfrs, other.
FINANCIAL INFORMATION
The sales volume for Aug/2010 fiscal term amounted to Yen 3,464 million,
a 2% down from Yen 3,542 million in the previous term, as affected by the
global economic downturn, particularly in the first half. Consumer spending was sluggish. The recurring profit was posted at Yen 48
million and the net profit at Yen 28 million, respectively, compared with Yen
40 million recurring profit and Yen 24 million net profit, respectively, a year
ago.
For the term that ended Aug 2011 the recurring profit was projected at
Yen 45 million and the net profit at Yen 25 million, respectively, on a 1% rise
in turnover, to Yen 3,500 million. One
of its factories is situated in the earthquake-stricken area and production is
reported decreased. Final results are
yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 37.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1990
Regd No.: (Ibaraki-Hitachinaka) 000934
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued:
1,000 shares
Sum: Yen 50 million
Major shareholders (%): Kiichi Suzuki (60), Keiko
Suzuki (20), Akihiro Suzuki (20)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures gardening
soils: compost, leaf mold, fertilizers, other (--100%).
Clients: [Mfrs,
wholesalers] Tostem Viva, Daiyu Eight Co, Joyful Yamashin Co, Kanseki Co,
J-Mart Co, Hirasei Co, other
No. of accounts: 300
Domestic areas of
activities: Centered in Ibaraki-Pref & vicinities
Suppliers: [Mfrs,
wholesalers] Rainbow Chemical Co, Sumitomo Chemical Garden Products Inc, Heart
Co, Takii & Co, Kaneko Seeds, Nisshin Trading Co, Hanagokoro Co, other.
Payment record: Regular
Location: Business area in
Hitachinaka, Ibaraki-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Joyo Bank (O’arai)
· Mito Shinkin Bank (O7arai)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/08/2011 |
31/08/2010 |
31/08/2009 |
31/08/2008 |
|
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Annual
Sales |
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3,500 |
3,464 |
3,542 |
3,216 |
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Recur.
Profit |
|
45 |
48 |
40 |
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Net
Profit |
|
25 |
28 |
24 |
22 |
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Total
Assets |
|
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2,263 |
2,285 |
2,381 |
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Current
Assets |
|
|
1,060 |
1,126 |
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Current
Liabs |
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1,555 |
1,579 |
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Net
Worth |
|
|
329 |
300 |
276 |
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Capital,
Paid-Up |
|
|
50 |
50 |
50 |
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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 |
1.04 |
-2.20 |
10.14 |
8.87 |
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Current Ratio |
|
.. |
68.17 |
71.31 |
.. |
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N.Worth Ratio |
.. |
14.54 |
13.13 |
11.59 |
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R.Profit/Sales |
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1.29 |
1.39 |
1.13 |
.. |
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N.Profit/Sales |
0.71 |
0.81 |
0.68 |
0.68 |
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Return On Equity |
.. |
8.51 |
8.00 |
7.97 |
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Notes: Forecast (or estimated) figures
for the 31/08/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
UK Pound |
1 |
Rs.78.57 |
|
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.