MIRA
INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
KOSMEK LTD |
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Registered Office : |
2-1-2 Murotani Nishiku Kobe 651-2241 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
May, 1986 |
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Com. Reg. No.: |
(Kobe-Nishiku) 004725 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of precision instruments, hydraulic and
pneumatic equipment |
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No. of Employees : |
70 |
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 78.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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) |
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Japan |
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 |
COMPANY NAME
KOSMEK LTD
REGD NAME
KK Kosmek
MAIN OFFICE
2-1-2 Murotani Nishiku Kobe 651-2241 JAPAN
Tel :
078-991-5115
Fax :
078-991-8787
URL : http://www.kosmek.co.jp/
E-Mail
address : (thru
the URL)
ACTIVITIES
Mfg of precision
instruments, hydraulic & pneumatic equipment
BRANCHES
Anjo (Aichi), Saitama, Fukuoka
OVERSEAS
KOSMEK (USA) Ltd (USA); KOSMEK China (--subsidiaries)
Full Life Trading Co Ltd (Taiwan), Global Enginery Technicians
Inc (Philippines)
(--sole agents)
FACTORIES
At the caption address
OFFICERS
Keitaro Yonezawa, ch TSUTOMU SHIRAKAWA, PRES
Kimiharu Kimura, dir Makoto Uemura, dir
Takaharu Katsui, dir Toshinao Nishimoto, dir
Yen Amount
In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,300 M
PAYMENTS REGULAR CAPITAL Yen
99 M
TREND SLOW
WORTH Yen
878 M
STARTED 1986 EMPLOYES 70
COMMENT
MFR OF PRECISION INSTRUMENTS & HYDRAULIC EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 78.9 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Keitaro Yonezawa in
order to make most of his experience in the subject line of business. Specializes in mfg precision instruments,
hydraulic & pneumatic equipment, other. In Sept 1989, opened USA office
(subsidiary). Opened subsidiary in Shanghai, China in Jul 2005. Active in
overseas operations having two sole agents in Taiwan and the Philippines.
Clients are in the industries of automobiles, industrial machinery,
semiconductors & electric appliances, other. The firm holds total 335
industrial property rights:105 domestic; 230 overseas (USA/EU/Korea/China/India/Taiwan).
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen
4,300 million, a 103% up from Yen 2,120 million in the previous term. Robust demand created from automobile and other
industries. Sales in the previous term
were exceptionally declined as affected by the global economic downturn. Sales returned to normal levels, says the
firm. The net profit is believed posted
at Yen 85 million, compared with Yen 70 million a year ago. The firm does not disclose the profits.
For the current term ending Mar 2012 the net profit is
projected at Yen 90 million, on a 5% rise in turnover, to Yen 4,500
million. Business is seen expanding
steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 78.9 million, on 30 days normal terms.
REGISTRATION
Date
Registered : May 1986
Regd
No. : (Kobe-Nishiku)
004725
Legal
Status :
Limited Company (Kabushiki Kaisha)
Authorized : 3,200 shares
Issued : 1,980
shares
Sum : Yen 99 million
Major
shareholders (%): Keitaro Yonezawa, other (details not available)
No. of
shareholders: 58
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities:
Manufactures precision instruments, hydraulic & pneumatic equipment
(--100%).
Products: Quick
mold change systems for injection molding machines, quick die change systems,
KOSMEK diecast clamping systems, KOSMEK work clamping systems, other.
Industrial
Property Rights: 105 domestic; 230 in USA/EU/Taiwan/Korea/China, including
patents rights & patent pending as of Mar/2011.
Clients:
[Mfrs, wholesalers] Mori Seiki Co, Toshiba Machinery, Aida Engineering, Idaka
& Co, Toyotsu Machinery, Komatsu NTC, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Nishikawa Sangyo, Koyo Kogyosho, Hakuro Steel, Morimoto
Mfg, Kosmek Engineering (subsidiary), other.
Payment
record: Regular
Location:
Business area in Kobe. Office premises
at the caption address are owned and maintained satisfactorily.
Bank
References:
Resona Bank (Sannomiya)
MUFG (Kobe)
Relations: Satisfactory
FINANCES
(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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4,500 |
4,300 |
2,120 |
3,990 |
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Recur. Profit |
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Net Profit |
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90 |
85 |
70 |
80 |
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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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878 |
819 |
770 |
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Capital, Paid-Up |
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99 |
99 |
99 |
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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 |
4.65 |
102.83 |
-46.87 |
-13.26 |
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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 |
2.00 |
1.98 |
3.30 |
2.01 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for 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.51.43 |
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1 |
Rs.79.10 |
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Euro |
1 |
Rs.66.17 |
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.