MIRA INFORM REPORT

 

 

Report Date :           

28.02.2012

 

IDENTIFICATION DETAILS

 

Name :

YOSHIKAWA CO LTD

 

 

Registered Office :

179 Kamitajima Miyakecho Shikigun Nara-Pref

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 1985

 

 

Com. Reg. No.:

1500-01-011374 (Nara-Shikigun)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of ski boots, snowboards, golf kits

 

 

No. of Employees :

04

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 0.6 Million

Status :

Small Company 

Payment Behaviour :

No Complaints

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 – September 30th, 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

 

Company name

 

YOSHIKAWA CO LTD

 

 

REGD NAME

 

KK Yoshikawa

 

 

MAIN OFFICE

 

186-1 Oujimachi Tenri City Nara-Pref 682-0086 JAPAN

Tel: 0743-64-3018      Fax: 0743-64-3027

 

*.. Registered at: 179 Kamitajima Miyakecho Shikigun Nara-Pref, as given

                                               

URL:                             http://www.bighounboots.jp

E-Mail address:                        info@bighounboots.jp

 

 

ACTIVITIES  

 

Mfg of ski boots, snowboards, golf kits

 

 

BRANCHES

 

Shikigun (Nara) (2) (warehouses & distribution centers)

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

KATSUYA YOSHIKAWA, PRE

Kayoko Yoshikawa, dir

Reiko Yoshikawa, dir                                                     

 

Yen Amount:     In million Yen, unless otherwise stated

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 163 M

PAYMENTS                  No Complaints          CAPITAL           Yen 10 M

TREND             UP                                WORTH            Yen 13 M

STARTED                     1985                             EMPLOYES      4

 

 

COMMENT

 

MFR OF SKI BOOTS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 0.6 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Katsuya Yoshikawa in order to make most of his experience in the subject line of business.  This is a specialized mfg, wholly owned by the Yoshikawa family, of ski boots, branded “BIGHOUN” as a mainline, also snowboards, golf kits, other.  Clients include major sports goods stores, chain stores, other

 

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2011 fiscal term amounted to Yen 163 million, a 6% up from Yen 154 million in the previous term.  The recurring profit was posted at Yen 1 million and the net profit at Yen 1 million, respectively, compared with Yen 3 million recurring loss and Yen 3 million net losses, respectively, a year ago.

 

For the current term ending Mar 2012 the recurring profit is projected at Yen 2 million and the net profit at Yen 2 million, respectively, on a 4% rise in turnover, to Yen 170 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 0.6 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 1985

Regd No.:            1500-01-011374 (Nara-Shikigun)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         400 shares

Issued:              200 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Katsuya Yoshikawa (89), Kayoko Yoshikawa (20)

 

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures ski boots branded “BIGHOUN”, snowboards, snowboard boots, ski kits, other (--100%).

 

Clients: [Sports goods stores, wholesalers] Xebio Co (40%), Maruei Sangyo Co, Asics Hokkaido Hambai Co, Victoria Inc, Himalaya Co, Takeda Sports, Uchiyama Co, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Yoshimoto Trading Co (30%), Showa Alfax Co (10%), AM Teknoatampt Spa, Morito Co, other.

 

Imports from China, other

 

Payment record: No Complaints

 

Location: Business area in Oujicho, Tenri City.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

·         Nanto Bank (Kawanishi)

·         Nara Chuo Shinkin Bank (Yuizaki)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

170

163

154

130

Recur. Profit

　

2

1

-3

　

Net Profit

　

2

1

-3

1

Total Assets

　

　

218

243

246

Current Assets

　

　

139

152

　

Current Liabs

　

　

15

166

　

Net Worth

　

　

13

13

16

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.29

5.84

18.46

-9.09

    Current Ratio

 

..

926.67

91.57

..

    N.Worth Ratio

..

5.96

5.35

6.50

    R.Profit/Sales

 

1.18

0.61

-1.95

..

    N.Profit/Sales

1.18

0.61

-1.95

0.77

    Return On Equity

..

7.69

-23.08

6.25

 

Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.