MIRA
INFORM REPORT
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Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
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Name : |
YUTAKA TRADING CO LTD |
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Registered Office : |
2-10-31 Takashima Nishiku Yokohama
220-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
March 1948 |
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Com. Reg. No.: |
(Yokohama-Nishiku) 030218 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, wholesale of electric equipment;
import of coffee beans, teas |
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 51.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 and address
YUTAKA TRADING CO LTD
REGD NAME: Yutaka
Sangyo KK
MAIN OFFICE: 2-10-31
Takashima Nishiku Yokohama 220-0011 JAPAN
Tel: 045-453-2323 Fax: 045-453-2741
*.. The given address is
its Tokyo Branch Office at: Marunouchi Trust Tower
Bldg N-17F, 1-8-1
Marunouchi Chiyodaku Tokyo
URL: http://www.yutaka-trd.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Export, wholesale
of electric equipment; import of coffee beans, teas
BRANCHES
Tokyo (as given)
OFFICERS
MAKOTO SUZUKI,
PRES Shoji Kojima, dir
Masanori Kotani,
dir Kazuhiro
Yamaguchi, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,734 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND SLOW WORTH Yen 1,014 M
STARTED 1948 EMPLOYES 35
COMMENT
TRADING FIRM SPECIALIZING IN ELECTRIC EQUIPMENT & FOODSTUFFS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 51.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by father of Makoto Suzuki in order to make most of his experience in the
subject line of business. This is a
trading firm specializing in electric equipment and foodstuffs. Acts as agent for: Meidensha Corp (mfr of
heavy electric machinery) and Toshiba Corp.
Handles dynamo meters, water-treatment equipment, monitoring cameras,
other electric equipment. Also imports
coffee beans and teas. Clients include
major car makers, food processors, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal
term amounted to Yen 1,734 million, a 30% down from Yen 2,466 million in the
previous term. Sales were affected by
the global economic downturn, particularly in the first half of the term. High Yen eroded import/export earnings &
profits substantially in Yen terms. The
recurring profit was posted at Yen 53 million and the net profit at Yen 32
million, respectively, compared with Yen 97 million recurring profit and Yen 46
million net profit, respectively, a year ago.
For the current term ending Mar 2012
the recurring profit is projected at Yen 60 million and the net profit at Yen
35 million, respectively, on a 10% rise in turnover, to Yen 1,900 million. Market revived. Exports revived.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 51.3 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Mar
1948
Regd No.:
(Yokohama-Nishiku) 030218
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 320,000 shares
Issued: 80,000 shares
Sum: Yen 40 million
Major
shareholders (%): Tokyo Small & Medium Business Promotion & Investment Co
(25), Employees’ S/Holding Assn (24),
Kazuhiro Yamaguchi (20)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading firm for
export, wholesale of dynamo meters, water-treatment equipment, monitoring
cameras, other electric equipment, as agent for Meidensha Corp and Toshiba Corp
(31%); import, wholesale of coffee beans, teas, spices, confectionery, other
(--69%)
Clients: [Mfrs,
wholesalers] Hino Motors, Nissan Motors, Jatco Ltd, JX Nippon Mining &
Metals Corp, Meidi-Ya Co, Kinokuniya Co, other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Meidensha Corp, Toshiba Corp, Lotus Bakeries, Coffee Industry
Board, other.
Imports from Belgium, Jamaica, India, Sri
Lanka, other.
Payment record: Regular
Location: Business area in
Yokohama. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Resona Bank
(Yokohama)
Mizuho Bank
(Yokohama-Nishiguchi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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1,900 |
1,734 |
2,466 |
4,603 |
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Recur.
Profit |
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60 |
53 |
97 |
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Net
Profit |
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35 |
32 |
46 |
40 |
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Total
Assets |
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2,300 |
2,389 |
2,565 |
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Current
Assets |
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2,061 |
2,264 |
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Current
Liabs |
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|
980 |
1,356 |
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Net
Worth |
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1,014 |
998 |
942 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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Div.P.Share(¥) |
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|
200.00 |
112.50 |
75.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.57 |
-29.68 |
-46.43 |
-13.35 |
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Current Ratio |
|
.. |
210.31 |
166.96 |
.. |
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N.Worth Ratio |
.. |
44.09 |
41.77 |
36.73 |
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R.Profit/Sales |
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3.16 |
3.06 |
3.93 |
.. |
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N.Profit/Sales |
1.84 |
1.85 |
1.87 |
0.87 |
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Return On Equity |
.. |
3.16 |
4.61 |
4.25 |
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Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.12 |
|
|
1 |
Rs.74.18 |
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Euro |
1 |
Rs.64.87 |
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 |
-- |
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.