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Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SINYO CORPORATION |
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|
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Registered Office : |
8-6 Okawacho
Kawasakiku Kawasaki210-088 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April
1962 |
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Com. Reg. No.: |
0200-01-073191
(Kawasaki-Kawasakiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Construction works; painting, waterproofing |
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No. of Employees : |
195 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SINYO CORPORATION
Sinyo KK
8-6 Okawacho
Kawasakiku Kawasaki210-088 JAPAN
Tel:
044-366-4771 Fax: 044-366-7091
URL: http://www.sinko.com
E-Mail address: info@sinko.com
Construction works; painting, waterproofing
Tokyo,
Osaka, Chiba, Nagoya, Saitama, Sendai, Okayama, other (Tot 13)
(subcontracted)
TETSUO
MORI, PRES Hiroshi Kosaka, s/mgn dir
Shozo
Uchijima, s/mgn dir Joji Fukama,
mgn dir
Tadao
Annen, dir Masakazu
Mizumoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 11,716 M
PAYMENTS REGULAR CAPITAL Yen 570 M
TREND UP WORTH Yen 1,267 M
STARTED 1952 EMPLOYES 195
CONSTRUCTION WORKS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Tetsuo Mori in order to make most
of his experience in the subject line of business. Originally started as a painting work
firm. In Apr 1988 renamed as captioned
and expanding to construction works.
This is a specialized construction engineering firm: renewal &
coating works for buildings & condominiums as core business (See OPERATION). In Dec 2011, bought the share from Meiji
Machinery Corp and became non-subsidiary firm.
The sales volume for Mar/2011 fiscal term amounted to Yen 11,716
million, a 1% up from Yen 11,549 million in the previous term. The recurring profit was posted at Yen 267
million and the net profit at Yen 240 million, respectively, compared with Yen
296 million recurring profit and Yen 120 million net profit, respectively, a
year ago.
For the term that just ended Mar 2012 the recurring profit was projected
at Yen 280 million and the net profit at Yen 250 million, respectively, on a 2%
rise in turnover, to Yen 12,000 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Apr 1962
Regd No.: 0200-01-073191 (Kawasaki-Kawasakiku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
17 million shares
Issued:
4.39 million shares
Sum: Yen 560 million
Major shareholders (%): Meiji Machinery (29.2),
Employees’ S/Holding Assn (10.6), Tokiko Hayashi (2.4), Tetsuo Mori (1.4), KK
Kawahara (1.3)
No. of shareholders: 44
(All the figures as at Mar/2011 fiscal
term)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Construction
engineering works: renovation of buildings & condominiums, painting &
coating works, removal of Asbestos, painting of bridges, heat shield painting,
plant maintenance, other (--100%)
Clients: [Construction
firms, mfrs] Tokyu Community, Daikyo Astage Inc, Nomura Living Support, Nice
Community, Shinko Plantec, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesales]
Kaken Material Co, Noguchi Kosan Co, Ogino Kasei Co, Eyebec Co, other.
Payment record: Regular
Location: Business area in
Kawasaki. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Bank
of Yokohama (H/O)
Resona
Bank (Kawasaki)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
12,000 |
11,716 |
11,549 |
13,405 |
|
Recur.
Profit |
|
280 |
267 |
296 |
553 |
|
Net
Profit |
|
250 |
240 |
120 |
240 |
|
Total
Assets |
|
|
7,510 |
6,800 |
8,545 |
|
Current
Assets |
|
|
6,081 |
5,285 |
6,864 |
|
Current
Liabs |
|
|
4,162 |
3,858 |
5,235 |
|
Net
Worth |
|
|
1,267 |
1,947 |
1,857 |
|
Capital,
Paid-Up |
|
|
570 |
570 |
570 |
|
Div.P.Share(¥) |
|
|
5.00 |
5.00 |
7.50 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.42 |
1.45 |
-13.85 |
27.74 |
|
|
Current Ratio |
|
.. |
146.11 |
136.99 |
131.12 |
|
N.Worth Ratio |
.. |
16.87 |
28.63 |
21.73 |
|
|
R.Profit/Sales |
|
2.33 |
2.28 |
2.56 |
4.13 |
|
N.Profit/Sales |
2.08 |
2.05 |
1.04 |
1.79 |
|
|
Return On Equity |
.. |
18.94 |
6.16 |
12.92 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.