MIRA INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
YONEI & CO LTD |
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Registered Office : |
Yonei Bldg, 2-8-20 Ginza Chuoku Tokyo
104-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
November 1920 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 060074 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of
industrial machinery, defense equipment |
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 1,117.2 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
|
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
YONEI & CO LTD
REGD NAME
KK Yonei
MAIN OFFICE
Yonei Bldg, 2-8-20
Ginza Chuoku Tokyo 104-0001 JAPAN
Tel: 03-3564-8684 Fax: 03-3564-2490
URL: www.yonei.co.jp
E-mail: info@yonei.co.jp
ACTIVITIES
Import,
export, wholesale of industrial machinery, defense equipment
BRANCHES
Osaka,
Nagoya, Sapporo, Sendai, Yokosuka, Nagasaki, other (Tot 9)
OFFICER(S)
MIYOSHI
NAKAMURA, PRES Takuji Matsuzawa, mgn
dir
Mitsuhiro Inoue, mgn dir Takatoshi Yoshida, dir
Shigenori Iemura, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 66,022 M
PAYMENTS REGULAR CAPITAL Yen
900 M
TREND UP WORTH Yen 4,405 M
STARTED 1920 EMPLOYES 127
COMMENT
TRADING
FIRM SPECIALIZING IN INDUSTRIAL MACHINERY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 1,117.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Genjiro Yonei for importing &
exporting industrial machinery & equipment, steel products, other. This is a trading firm specializing in
industrial machinery & equipment, defense equipment, including Kobelco
cranes. Affiliated to Mitsubishi Corp,
with machinery/equipment supplied from Mitsubishi Heavy Ind and affiliates for
exports. Major clients are Mitsubishi
group firms, including Defense Agency.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 66,022 million,
a 6% up from Yen 62,257 million in the previous term. Sales grew with increased supplies from
Mitsubishi Heavy Ind, particularly for the Defense Agency. Exports also increased. The recurring profit was posted at Yen 484
million and the net profit at yen 277 million, respectively, compares with Yen
602 million recurring profit and Yen 359 million net profit, respectively, a
year ago. .
For the current term ending Mar 2012 the recurring profit is projected
at Yen 500 million and the net profit at Yen 290 million, respectively, on a 3%
rise in turnover, to Yen 68,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 1,117.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1920
Regd No.: (Tokyo-Chuoku) 060074
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 16
million shares
Issued: 5.4
million shares
Sum: Yen 900 million
Major shareholders (%): Mitsubishi Corp (29.6), Meiji
Rubber & Chemical Co (15.7), Kirin Holdings (8.3), Kobelco Crane Co (8.3)
No. of shareholders: 211
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales defense ship machinery/equipment (82%), industrial machinery
(9%), construction machinery (7%), inspection/security equipment (2%).
Exports (4%).
(Handling Items): controllers,
multi screen projectors, industrial equipment & components, construction
machinery, defense equipment, electronic appliances, inspection machines,
material handling machines, building materials, rubber blankets for offset
printing machines, Kobelco cranes, other.
Clients: [Governments,
mfrs, wholesalers] Defense Agency, Kirin Beer, Mitsubishi Corp, Mitsubishi
Heavy Ind, Hokuetsu Kishu Paper, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Heavy Ind, Mitsubishi Corp, Mitsubishi Electric,
Kobelco Crane, Meiji Rubber & Chemical Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Uchisaiwaicho)
MUFG
(Kyobashi)
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 |
|
68,000 |
66,022 |
62,257 |
67,476 |
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Recur.
Profit |
|
500 |
484 |
602 |
853 |
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Net
Profit |
|
290 |
277 |
359 |
444 |
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Total
Assets |
|
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21,619 |
22,677 |
28,612 |
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Current
Assets |
|
|
17,839 |
18,922 |
24,915 |
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Current
Liabs |
|
|
16,161 |
17,649 |
23,772 |
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Net
Worth |
|
|
4,405 |
4,208 |
3,828 |
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Capital,
Paid-Up |
|
|
900 |
900 |
900 |
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Div.P.Share(¥) |
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|
10.00 |
10.00 |
10.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.00 |
6.05 |
-7.73 |
-7.35 |
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Current Ratio |
|
.. |
110.38 |
107.21 |
104.81 |
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N.Worth Ratio |
.. |
20.38 |
18.56 |
13.38 |
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R.Profit/Sales |
|
0.74 |
0.73 |
0.97 |
1.26 |
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N.Profit/Sales |
0.43 |
0.42 |
0.58 |
0.66 |
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Return On Equity |
.. |
6.29 |
8.53 |
11.60 |
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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.49.62 |
|
UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.66.47 |
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.