MIRA INFORM REPORT
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Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
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Name : |
NOMURA KOHSAN CO LTD |
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Registered Office : |
2-1-3 Nihombashi-Horidomecho Chuoku Tokyo
103-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
December 1973 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 054020 |
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Legal Form : |
Limited Company |
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Line of Business : |
Recycling
of spent dry cells, fluorescent lamps, mercury containing wastes |
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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Maximum Credit Limit : |
Yen 63.5 Million |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
NOMURA KOHSAN CO LTD
REGD NAME
Nomura Kosan KK
MAIN OFFICE
2-1-3
Nihombashi-Horidomecho Chuoku Tokyo 103-0012 JAPAN
Tel:
03-5695-2530 Fax: 03-5695-2540
URL: http://www.nomurakohsan.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Recycling
of spent dry cells, fluorescent lamps, mercury containing wastes
BRANCHES
Hokkaido,
Osaka
FACTORIES
Osaka
OFFICERS
MINORU
TOMITA, PRES Kotaro
Kin, s/mgn dir
Naoki
Ando, dir Fumio
Ayuta, dir
Yasuo
Tanaka, dir Akeshi
Nomura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,000 M
PAYMENTS REGULAR CAPITAL Yen 182 M
TREND SLOW WORTH Yen 1,577 M
STARTED 1973 EMPLOYES 206
COMMENT
RECYCLING OF SPENT DRYCELLS, LAMPS, MERCURY CONTAINED
WASTES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 63.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1936 when mercury mine was found in Hokkaido, and was incorporated in 1973. This is a specialized recycling business of spent dry cells, fluorescent lamps, mercury containing wastes, other. The only firm having a processing of mercury wastes in Japan. Clients include municipalities, universities, hospitals, other.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 4,000 million, a 7% down from Yen 4,289 million in the previous term. Industrial activities were weak. The recurring profit was posted at Yen 98 million and the net profit at Yen 154 million, respectively, compared with Yen 159 million recurring profit and Yen 66 million net profit, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected at Yen 100 million and the net profit at Yen 90 million, respectively, on a 5% rise in turnover, to Yen 4,200 million. Market revived.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 63.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1973
Regd No.: (Tokyo-Chuoku) 054020
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1.2 million shares
Issued:
320,000 shares
Sum: Yen 182 million
Major shareholders (%): Nomura Shokusan* (9), Nomura
Gomei* (7), Nomura Tochi Tatemono* (6), Nomura Micro Science* (5), Nomura
Trading* (3)
*.. Group firms
No. of shareholders: 90
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Recycling of spent dry cells, fluorescent lamps, mercury containing wastes, other (75%), environmental/atmospheric analysis (9%), operates spa hotels (6), others (10%).
Clients: Municipal offices, universities, hospitals, Government agencies, mfrs, other
No. of accounts: 800
Domestic areas of activities: Nationwide
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Resona
Bank (Tokyo)
MUFG
(Ohdenmacho)
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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4,000 |
4,000 |
4,289 |
4,580 |
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Recur.
Profit |
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95 |
98 |
159 |
270 |
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Net
Profit |
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90 |
154 |
66 |
120 |
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Total
Assets |
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6,758 |
7,563 |
7,794 |
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Current
Assets |
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1,610 |
2,145 |
2,148 |
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Current
Liabs |
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3,911 |
4,813 |
5,284 |
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Net
Worth |
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1,577 |
1,446 |
1,388 |
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Capital,
Paid-Up |
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182 |
182 |
182 |
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Div.P.Share(¥) |
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60.00 |
60.00 |
60.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.00 |
-6.74 |
-6.35 |
1.80 |
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Current Ratio |
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.. |
41.17 |
44.57 |
40.65 |
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N.Worth Ratio |
.. |
23.34 |
19.12 |
17.81 |
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R.Profit/Sales |
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2.38 |
2.45 |
3.71 |
5.90 |
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N.Profit/Sales |
2.25 |
3.85 |
1.54 |
2.62 |
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Return On Equity |
.. |
9.77 |
4.56 |
8.65 |
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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.46.02 |
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UK Pound |
1 |
Rs.73.61 |
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Euro |
1 |
Rs.64.78 |
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.