|
Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
KOSEKI KK |
|
|
|
|
Registered Office : |
2-26 Tsutsumidori Amamiyamachi Aobaku Sendai 981-0914 |
|
|
|
|
Country : |
Japan |
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|
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Date of Incorporation : |
Oct 1948 |
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|
|
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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|
|
|
Line of Business : |
Import, export, wholesale of
medical instrument, It equipment, cameras |
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|
|
|
No. of Employees : |
166 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Yen 192.5 Million |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No complaints |
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|
|
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Litigation : |
Clear |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
KOSEKI KK
REGD NAME: Koseki
KK
MAIN OFFICE: 2-26
Tsutsumidori Amamiyamachi Aobaku Sendai 981-0914 JAPAN
Tel: 022-272-2211 Fax: 022-272-2222
E-Mail
address: net@koseki.co.jp
Import,
export, wholesale of medical instrument, It equipment, cameras
Sendai,
Aomori, Iwate, Fukushima, Iwaki, Hachinohe, other (Tot 10)
Tadao
Koseki, ch MASATAKE
KOSEKI, PRES
Satoru
Semura, mgn dir Hiroto
Tanaka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 10,446 M
PAYMENTS No
complaints CAPITAL Yen 140 M
TREND SLOW WORTH Yen 1,513 M
STARTED 1948 EMPLOYES 166
TRADING FIRM SPECIALIZING IN MEDICAL INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 192.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Tadao Koseki in order
to make most of his experience in the subject line of business. Masatake is his son. This is a trading firm specializing in
medical instruments, X-ray films, photo-sensitized materials, other. This is the special sale agent for Fuji Film
Medical Co Ltd. Clients include
hospitals, clinics, universities, public agencies, other.
The sales volume for Mar/2011 fiscal term amounted to Yen
10,446 million, a 6% down from Yen 11,165 million in the previous term. The offices are located in the northern Japan
and were seriously damaged by the earthquake that occurred in Mar 2011. Supply chains were disrupted. Sales declined. The recurring profit was posted at Yen 156
million and the net profit at Yen 77 million, respectively, compared with Yen 4
million recurring profit and Yen 6 million net losses, respectively, a year
ago.
For the current term ending Mar 2012 the recurring profit is
projected at Yen 160 million and the net profit at Yen 80 million,
respectively, on a 5% rise in turnover, to Yen 11,000 million. Sales will recover to the normal level in the
second half. Medical instruments are
faring well, including exports.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max credit
limit is estimated at Yen 192.5 million, on 30 days normal terms.
Date Registered: Oct
1948
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.12 million shares
Issued:
281,060 shares
Sum: Yen
140.53 million
Major shareholders (%): Tadao Koseki (10), Masatake
Koseki (10), Maki Hotta (5),
Employees’ S/Holding Assn (4),
Mamoru Seki (3)
No. of shareholders: 25
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales:
medical instruments, X-ray films, IT equipment, photo-sensitized materials,
cameras, other accessories (--100%)
Clients: Hospitals, clinics, universities,
laboratories, public agencies, schools, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Fuji Film Medical
Co, GE Healthcare Japan, Hitachi Medico, Canon Marketing Japan, Sony Corp, Elmo
Co, other
Payment record: Regular
Location:
Business area in Sendai. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Joyo
Bank (Sendai)
Iwate
Bank (Sendai)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
11,000 |
10,446 |
11,165 |
11,172 |
|
Recur.
Profit |
|
160 |
156 |
4 |
|
|
Net
Profit |
|
80 |
77 |
-6 |
-38 |
|
Total
Assets |
|
|
6,146 |
8,300 |
7,952 |
|
Current
Assets |
|
|
3,114 |
5,335 |
|
|
Current
Liabs |
|
|
3,185 |
5,394 |
|
|
Net
Worth |
|
|
1,513 |
1,456 |
1,458 |
|
Capital,
Paid-Up |
|
|
140 |
140 |
140 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.30 |
-6.44 |
-0.06 |
-2.54 |
|
|
Current Ratio |
|
.. |
97.77 |
98.91 |
.. |
|
N.Worth Ratio |
.. |
24.62 |
17.54 |
18.34 |
|
|
R.Profit/Sales |
|
1.45 |
1.49 |
0.04 |
.. |
|
N.Profit/Sales |
0.73 |
0.74 |
-0.05 |
-0.34 |
|
|
Return On Equity |
.. |
5.09 |
-0.41 |
-2.61 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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.