MIRA INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
EIYOH CO LTD |
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Registered Office : |
3 Kanazawa Aza Yamazaki Taira Iwaki City
Fukushima-Pref 970-0106 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
June 1972 |
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Com. Reg. No.: |
(Fukushima-Iwaki) 012486 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of fish cake, dried fish |
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No. of Employees
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64 |
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 40.2 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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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
EIYOH CO LTD
REGD NAME
KK Eiyoh
MAIN OFFICE
3 Kanazawa Aza
Yamazaki Taira Iwaki City Fukushima-Pref 970-0106 JAPAN
Tel:
0245-34-2323 Fax: 0246-34-7191
URL: N/A
ACTIVITIES
Mfg of
fish cake, dried fish
BRANCHES
Nil
FACTORIES
At the
caption address
OFFICERS
TAKANOBU
SUZUKI, PRES
Tomoko
Suzuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,265 M
PAYMENTS REGULAR CAPITAL Yen 45 M
TREND SLOW WORTH Yen
308 M
STARTED 1972 EMPLOYES 64
COMMENT
MFR OF FISH CAKE 6 DRIEF FISH.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 40.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by S Suzuki in order to make most of
his experience in the subject line of business.
Takanobu is his son. This is a
family based company for mfg of fish cake and dried fish. Has a large share in the market in this line
of products.
FINANCIAL INFORMATION
Financial are only partially disclosed as is the case with family-based
companies.
The sales volume for Apr/2011 fiscal term amounted to Yen 2,265 million,
a 4% up from Yen 2,171 million in the previous term. The operations plunged into the red to
register Yen 17 million net losses for the term, compared with Yen 99 million
net profit a year ago. This is referred
to the price hike of tuna and other fished, which were not transferred to the
end users.
For the current term ending Apr 2012 the net profit is projected at Yen
10 million, on a 2% rise in turnover, to Yen 2,300 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 40.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1972
Regd No.: (Fukushima-Iwaki) 012486
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
360,000 shares
Issued: 90,000 shares
Sum: Yen 45 million
Major shareholders (%): Takanobu Suzuki & families
(--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures fish cake, dried fish,
other fish products (--100%)
Clients: [Mfrs,
wholesalers] Nissin Foods, Sanyo Foods, Ace Cook Co, Toyo Suisan Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Fukushima Prefectural Federation of Fisheries Co-OP Association,
other
Payment record: Regular
Location: Business area in
Iwaki City, Fukushima-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Joyo Bank (Taira)
· Himawaru Shinkin Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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2,300 |
2,265 |
2,171 |
2,218 |
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Recur.
Profit |
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Net
Profit |
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10 |
-17 |
99 |
20 |
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Total
Assets |
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N/A |
N/A |
2,440 |
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Net
Worth |
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368 |
385 |
316 |
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Capital,
Paid-Up |
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45 |
45 |
45 |
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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 |
1.55 |
4.33 |
-2.12 |
10.79 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
12.95 |
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N.Profit/Sales |
0.43 |
-0.75 |
4.56 |
0.90 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2012 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.50.67 |
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UK Pound |
1 |
Rs.77.72 |
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Euro |
1 |
Rs.64.63 |
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.