MIRA INFORM REPORT

 

 

Report Date :

05.07.2012

 

IDENTIFICATION DETAILS

 

Name :

J HAYASHIDA INC

 

 

Registered Office :

4-6-13 Mokuzaidori Miharaku Sakai Osaka-Pref 587-0042

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

July 1951

 

 

Com. Reg. No.:

1201-01-028400 (Osaka-Sakai)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of timber, house exterior materials

 

 

No. of Employees :

13

 

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

 

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

J HAYASHIDA INC

 

 

REGD NAME

 

Hayashida Jumpei Shoten KK

 

 

MAIN OFFICE

 

4-6-13 Mokuzaidori Miharaku Sakai Osaka-Pref 587-0042 JAPAN

Tel: 072-361-2852      Fax: 072-361-2862

 

URL:                 http://www.jhayashida.co.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Import, wholesale of timber, house exterior materials

 

 

BRANCHES

 

Osaka

 

 

OVERSEAS

 

USA

 

 

OFFICERS

 

MOTOHIRO HAYASHIDA, PRES

Tetsuya Okumura, dir                                        

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 804 M

PAYMENTS No Complaints   CAPITAL           Yen 90 M

TREND UP                                WORTH            Yen 1,518 M

STARTED         1951                             EMPLOYES      13

           

 

COMMENT    

 

TRADDING FIRM SPECIALIZING IN TIMBER & HOUSING MATERIALS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS BUT DOUBTFUL FOR: CD$356,353.00

 

 

HIGHLIGHTS

           

The subject company was established by Jumpei Hayashida in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of building timer, housing exterior materials, other.  Present executives are the founder’s descendants.  Goods are imported from Canada, USA, China, other.  Operates an office in USA. 

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed in digested forms.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 804 million, a 1% up from Yen 794 million in the previous term.  The net profit was posted at Yen 61 million, compared with Yen 461 million a year ago.

 

For the term ended Mar 2012 the net profit was projected at Yen 60 million, on a 3% rise in turnover, to Yen 825 million.   Final results are yet to be released. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  The proposed amount, however, is considered TOO HIGH from the recent financial status. 

 

 

REGISTRATION

 

Date Registered:  Jul 1951

Regd No.:         1201-01-028400 (Osaka-Sakai)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2 million shares

Issued:                501,000 shares

Sum:                   Yen 90 million

 

Major shareholders (%): Motohiro Hayashida (82), Sayoko Ono (13), Takehiro Hayashida (2), Hayashida International Inc (2), Sayaka Hayashida (1)

 

No. of shareholders: 5

 

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

 

 

OPERATION

 

Activities: Imports and wholesales building timbers, house exterior materials, others (--100%).

 

Clients: [Mfrs, wholesalers] Toyota Motor USA, Daikin Ind, Aisin Seiki USA, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Japan Building Materials, Kaneyo Corp, other

Imports from USA, Canada, China, other

 

Payment record: No Complaints

 

Location: Business area in Sakai, Osaka-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

SMBC (Tenkajaya)

MUFG (Taishobashi)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

825

804

794

818

Recur. Profit

　

　

　

186

65

Net Profit

　

60

61

461

-624

Total Assets

　

　

N/A

5,439

5,471

Net Worth

　

　

1,518

1,457

996

Capital, Paid-Up

　

　

90

90

90

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.61

1.26

-2.93

6.65

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

26.79

18.21

    N.Profit/Sales

7.27

7.59

58.06

-76.28

Notes: Financials are only partially disclosed.

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.55

UK Pound

1

Rs.85.48

Euro

1

Rs.68.70

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.