MIRA INFORM REPORT
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Report Date : |
16.04.2012 |
IDENTIFICATION DETAILS
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Name : |
KYODO CO INC |
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Registered Office : |
First Semba Bldg 1001, 2-6-5 Minamihonmachi Chuoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September
1977 |
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Com. Reg. No.: |
(Osaka-Chuoku)
078101 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of iron/steel products |
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No. of Employees
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11 |
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 117.3 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
KYODO CO INC
KK Kyodo Bussan
Boeki
First Semba Bldg
1001, 2-6-5 Minamihonmachi Chuoku
Tel:
06-6244-9381 Fax: 06-6244-9536
URL: N/A
Export
of iron/steel products
Nil
NORIHISA
KIMURA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 6,500 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND SLOW WORTH Yen
2,080 M
STARTED 1977 EMPLOYES 11
EXPORTER
OF STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 117.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Norihisa Kimura in order to make
most of his experience in the subject line of business. This is a trading firm, owned & operated
by Kimura families, for export of iron & steel products. Exports to Asian countries:
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Mar/2011 fiscal term amounted to Yen 6,500 million,
a 10% down from Yen 7,200 million in the previous term. Export revenues decreased substantially in
Yen terms due to the high Yen. The net
profit was posted at Yen 180 million, compared with Yen 200 million a year ago.
For the term that ended Mar 2012 the net profit was projected at Yen 185
million, on a 3% rise in turnover, to Yen 6,700 million. Final results are yet to be released.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 117.3 million, on 30 days normal terms.
Date Registered: Sept 1977
Regd No.: (Osaka-Chuoku) 078101
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800
shares
Issued:
200 shares
Sum: Yen 10
million
Major shareholders (%):
Norihisa Kimura (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Exports iron
& steel products: galvanized steel sheets (tin, zinc), tin plates, tinned
strips & hoops, others (--100%)
Clients: [Mfrs,
wholesalers] Exports to:
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Sojitz Corp, Toyota Tsusho Corp, Mitsui & Co, Mitsubishi Corp,
Marubeni Corp, Shimabun Corp, other
Payment record: No Complaints
Location:
Business area in
Bank References:
SMBC
(Midosuji)
MUFG
(Semba)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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6,700 |
6,500 |
7,200 |
7,300 |
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Recur.
Profit |
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Net
Profit |
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185 |
180 |
200 |
210 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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2,080 |
1,900 |
1,700 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
3.08 |
-9.72 |
-1.37 |
-6.41 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
2.76 |
2.77 |
2.78 |
2.88 |
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Notes:
Financials are only partially disclosed.
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.51.42 |
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1 |
Rs.81.93 |
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Euro |
1 |
Rs.67.67 |
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.