MIRA INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Name : |
GOH SHOJI CO LTD |
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Registered Office : |
2-11-2 Hatchobori Chuoku Tokyo 104-0032 |
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Country : |
South Korea |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
February 2007 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 107072 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of copper/copper alloy products for industrial
machinery |
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No. of Employees
: |
165 |
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 548.3 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
|
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
GOH SHOJI CO LTD
REGD NAME
Goh Shoji KK
MAIN OFFICE
2-11-2 Hatchobori
Chuoku Tokyo 104-0032 JAPAN
Tel:
03-3552-7700 Fax: 03-3555-3895
*.. The given address
is its Osaka Branch Office
E-Mail address: info@gohshoji.com
ACTIVITIES
Mfg of
copper/copper alloy products for industrial machinery
BRANCHES
Osaka
(as given), Ibaraki, Shiga, Ishikawa, Fukushima
OVERSEAS
USA
(2), Malaysia, Thailand, China (6), Singapore, Korea, Germany
FACTORIEs
At the
caption address: Fukushima, Ishikawa (--subsidiaries)
OFFICERS
TSUTOMU
HIGAKI, PRES Hiroshi Yoshimura,
mgn dir
Shusaku
Okita, mgn dir Masao Taki, dir
Yasuo
Suzuki, dir Kazuo
Nagashima, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 41,843 M
PAYMENTS REGULAR CAPITAL Yen
400 M
TREND SLOW WORTH Yen
3,882 M
STARTED 2007 EMPLOYES 165
COMMENT
MFG OF COPPER PRODUCTS FOR CONSTRUCTION MACHINERY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 548.3
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tsutomu Higaki in order to make most
of his experience in the subject line of business. This is a specialized mfr of copper/copper
alloy-based products for construction and industrial machinery: tubes, pipes,
hoses, other (See OPERATION). Clients include major heavy machinery &
construction machinery makers, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 41,843
million, a 48% up from Yen 28,306 million in the previous term. Market returned to the normal level after
substantially affected by the global economic downturn in the previous
term. Exports were robust. The recurring profit was posted at Yen 542
million and the net profit at Yen 398 million, respectively, compared with Yen
484 million recurring profit and Yen 702 million net profit, respectively, a
year ago.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 550 million and the net profit at Yen 400 million, respectively, on a 5%
rise in turnover, to Yen 44,000 million.
Business is seen expanding steadily.
Exports continue increasing.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 548.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 2007
Regd No.: (Tokyo-Chuoku) 107072
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
32,000 shares
Issued: 8,000 shares
Sum: Yen 400 million
Major shareholders (%): Employees’ S/Holding Assn (50),
Executives’ S/Holding Assn (25)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
copper & copper alloy-based products: hoses, pipes, tubes, transformers,
printers, other (--100%)
(Mfg Items):
Construction/Agricultural/Industries
Machinery: hoses, couplings, hydraulic tubes, bulbs, filters, other
Home Appliances: motors, heat
exchangers, heaters, heat-resistant items, handles, fans, adapters, other;
Electronics: built-in
printers, labelers, bar code reader, monitors, other.
Clients: [Mfrs,
wholesalers] GSPL, Komatsu Ltd, Mitsui & Co, Sharp Corp, Hitachi
Construction Machinery, GSC, Komatsu Cabtec, Kubota Corp, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Yokohama Rubber, Toa Industry, Fukuyama Rubber, Ind, Asahi
Aluminium, Hiyoshi Kogyo Co, Shinto Co, Mitsui Chemicals Fabro Inc, GSPL, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
·
Mizuho Bank (Kyobashi)
·
SMBC (Ginza)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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44,000 |
41,843 |
28,306 |
48,197 |
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Recur.
Profit |
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550 |
542 |
484 |
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Net
Profit |
|
400 |
398 |
702 |
1,712 |
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Total
Assets |
|
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24,176 |
20,892 |
20,687 |
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Current
Assets |
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14,667 |
11,050 |
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Current
Liabs |
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17,175 |
13,940 |
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Net
Worth |
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3,882 |
3,506 |
2,832 |
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Capital,
Paid-Up |
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|
400 |
400 |
400 |
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Div.Ttl
in Million(¥) |
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|
21 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.15 |
47.82 |
-41.27 |
68.20 |
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Current Ratio |
|
.. |
85.40 |
79.27 |
.. |
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N.Worth Ratio |
.. |
16.06 |
16.78 |
13.69 |
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R.Profit/Sales |
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1.25 |
1.30 |
1.71 |
.. |
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N.Profit/Sales |
0.91 |
0.95 |
2.48 |
3.55 |
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Return On Equity |
.. |
10.25 |
20.02 |
60.45 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
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UK Pound |
1 |
Rs.77.80 |
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Euro |
1 |
Rs.65.05 |
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.