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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
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Name : |
OKAYA TORYO KK |
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Registered Office : |
2-4-47 Ochigen Okaya City Nagano-Pref 394-0086 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
November 1966 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of paints & coatings; painting works |
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No. of Employees : |
9 |
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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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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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) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
OKAYA TORYO KK
REGD NAME: Okaya
Toryo KK
MAIN OFFICE: 2-4-47
Ochigen Okaya City Nagano-Pref 394-0086 JAPAN
Tel:
0266-26-4116 Fax: 0266-26-0616
URL: http://www.okaya-toryo.co.jp/
(Japanese only)
E-Mail address: info@okaya-toryo.co.jp
Wholesale of
paints & coatings; painting works
Nil
MASAHIRO KATOH,
PRES Toichi Katoh, ch
Kazuaki Saitoh,
dir Akihiko Fujishima,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 251 M
PAYMENTS SLOW CAPITAL Yen 30 M
TREND UP WORTH Yen 14 M
STARTED 1966 EMPLOYES 9
WHOLESALER SPECIALIZING IN PAINTS & COATINGS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR CREDIT ENGAGEMENTS: JPY 2,000,000.00.
The
subject company was established originally in 1959 by Toichi Katoh in order to
make most of his experience in the subject line of business. Masahiro is the founder’s son, who took the
pres office in Oct 1999. Specializes in
wholesaling paints & coatings for industrial, automotive-use, including waterproofing paints, adhesives,
sealing agents, painting equipment & supplies,
other. Executes painting works,
too. In Jun 2002, employed Sumitomo 3M’s
Scotchprint Graphics and expanded
operations into signboards, wooden furniture, win dow/shutter/floor paintings,
other, in addition to conventional home/office refurbishing, ship coating, and industrial machinery. Clients include car repair shops, mfr, other.
The sales volume for Jun/2011 fiscal
term amounted to Yen 251 million, a 13% up from Yen 222 million in the previous
term. The operations continued in the
red to register Yen 1 million recurring loss and Yen 1 million net losses,
respectively, compared with Yen 6 million recurring loss and Yen 6 million net
losses, respectively, a year ago.
For the term that ended Jun 2012 the
operations were projected to come back to profitability to post Yen 10 million
recurring profit and Yen 10 million net profit, respectively, on a 4% rise in
turnover, to Yen 260 million. Final figures
are yet to be released.
The financial situation is considered RATHER
WEAK but should be good for MODERATE business engagements. The proposed amount is considered within the
firm’s financial capacities.
Date Registered: Nov
1966
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major
shareholders (%): Masahiro Katoh, Toichi Katoh, and families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Wholesales paints & coatings, painting
equipment & supplies, adhesives, sealing agents, solvents, other industrial
chemicals; executes painting works (--100%).
Paints are for
industrial and automotive-use (sheet metal coating, refinishing, etc)
Uses Sumitomo 3M’s
Scotchprint Graphics, for apply to bulletin, doors, shutters,
windows, walls,
floors, etc.
Clients: [Mfrs, auto
industries] Tohatsu Marine, Daiko Shinsei, Toyo Seiki Kogyo, Taiyo Motor, Toyota
Corolla Nanshin, other
No. of accounts:
500
Domestic areas of
activities: Centered in Nagano-Pref
Suppliers: [Mfrs, wholesalers] Nippon Paint Hambai,
Sumitomo 3M, Kuboko Paint, Auto Business,
Otsuka Paint Brush Mfg, Daiwa Toryo, Isamu Paint, other.
Payment record: Slow
Location: Business area in
Okaya City, adjacent to Nagano City.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Hachijuni Bank
(Okaya-Higashi)
Nagano-Pref
Shinkin Bank (Okaya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
|
Annual
Sales |
|
260 |
251 |
222 |
255 |
|
Recur.
Profit |
|
10 |
-1 |
-6 |
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|
Net
Profit |
|
10 |
-1 |
-6 |
-4 |
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Total
Assets |
|
|
258 |
253 |
250 |
|
Current
Assets |
|
|
139 |
140 |
|
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Current
Liabs |
|
|
139 |
126 |
|
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Net
Worth |
|
|
14 |
15 |
21 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.59 |
13.06 |
-12.94 |
-38.70 |
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Current Ratio |
|
.. |
100.00 |
111.11 |
.. |
|
N.Worth Ratio |
.. |
5.43 |
5.93 |
8.40 |
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R.Profit/Sales |
|
3.85 |
-0.40 |
-2.70 |
.. |
|
N.Profit/Sales |
3.85 |
-0.40 |
-2.70 |
-1.57 |
|
Notes: Forecast
(or estimated) figures for 30/06/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.87.54 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
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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 |
|
<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.