MIRA
INFORM REPORT
|
Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
OHYAMA COMPANY LTD |
|
|
|
|
Registered Office : |
Puraya Bldg 6F, 1-9-12 Nihombashi-Hamacho Chuoku Tokyo 103-0007 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.10.2010 |
|
|
|
|
Year of Establishment : |
November 1949 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Chuoku) 039166 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale of cosmetics |
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 |
|
Maximum Credit Limit : |
Yen 313.9 Million |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
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
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
OHYAMA COMPANY LTD
REGD NAME: KK
Ohyama
MAIN OFFICE: Puraya
Bldg 6F, 1-9-12 Nihombashi-Hamacho Chuoku Tokyo 103-0007 JAPAN
Tel: 03-6858-3947 Fax: 03-6858-3942
E-Mail address: info@ohyama.net
ACTIVITIES
Import, wholesale
of cosmetics
BRANCHES
Osaka, Sapporo,
Sendai, Nagoya, Fukuoka, Kumamoto, other (Tot 12)
OFFICERS
KEN’ICHI KAKUDO,
PRES
Masayuki Tsuchiya,
mgn dir
Kazushi Sakamoto,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 12,630 M
PAYMENTS REGULAR CAPITAL Yen 57 M
TREND STEADY WORTH Yen
1,815 M
STARTED 1949 EMPLOYES 85
COMMENT
WHOLESALER OF COSMETICS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
313.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
originally in 1959 by Yujiro Ohyama for selling soaps, toothpaste, other daily
necessities, on his account, and was incorporated in 1949. This is a trading firm specializing in import
and wholesale of cosmetics and detergents.
Goods are imported. Clients
include major chain stores, wholesalers, in the same line of business. The firm went into financial difficulties in
2001 and sought for court protection under the Corporate Rehabilitation
Law. The liabilities are reported Yen
16,400 million. Proceedings started in
Nov 2001 and closed in May 2005. Operations
continued and in Oct 2009 paid off all the liabilities.
FINANCIAL INFORMATION
The sales volume for Oct/2010 fiscal
term amounted to Yen 12,630 million, an 11 % up from Yen 11,347 million in the
previous term. Client networks
expanded. The net profit was posted at
Yen 49 million, compared with Yen 339 million a year ago. Some extraordinary losses are said posted.
For the current term ending Oct 2011
the net profit is projected at Yen 350 million, on a 3% rise in turnover, to
Yen 13,000 million. Operations are
reportedly affected by the Great North Japan Earthquake in March, the firm
having a branch office in Sendai.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 313.9 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Nov
1949
Regd No.:
(Tokyo-Chuoku) 039166
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 300,000 shares
Issued: 98,000 shares
Sum: Yen 57 million
Major
shareholders (%): Employees’ S/Holding Assn (34.9), Ken’ichi Kakudo (32.4),
Masahito Masaki (22.8), Executives’
S/Holding Assn (9.9)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales cosmetics (52%), shampoo, rinses, detergents (--14%), accessories, others
(9%).
Clients: [Mfrs,
wholesalers] Aeon Corp, Sumisho Drug Stores, Seiyu Ltd, Daiei Ltd, Tokyu Hands,
Tokyo Dome, Drug Eleven, Don Quijote, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Avance Inc, COGIT Inc, Kose Cosmeport Corp, Japan Gateway, L’Oreal Japan,
Nexans Corp, FEX 3030, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Ohdenmacho)
SMBC (Asakusabashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/10/2011 |
31/10/2010 |
31/10/2009 |
31/10/2008 |
|
|
Annual
Sales |
|
13,000 |
12,630 |
11,347 |
9,480 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
350 |
49 |
339 |
300 |
|
Total
Assets |
|
|
4,385 |
4,399 |
|
|
Current
Assets |
|
|
3,566 |
3,656 |
|
|
Current
Liabs |
|
|
1,872 |
2,057 |
|
|
Net
Worth |
|
|
1,815 |
1,766 |
|
|
Capital,
Paid-Up |
|
|
57 |
57 |
57 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.93 |
11.31 |
19.69 |
17.73 |
|
|
Current Ratio |
|
.. |
190.49 |
177.73 |
.. |
|
N.Worth Ratio |
.. |
41.39 |
40.15 |
.. |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
2.69 |
0.39 |
2.99 |
3.16 |
|
|
Return On Equity |
.. |
2.70 |
19.20 |
.. |
|
Notes: Forecast (or
estimated) figures for the 31/10/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.28 |
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.