MIRA INFORM REPORT

 

 

Report Date :

05.07.2012

 

IDENTIFICATION DETAILS

 

Name :

KISHIDA TORYO INC 

 

 

Registered Office :

2-11-8 Oimazato-Minami Higashinariku Osaka 537-0013

 

 

Country :

Japan

 

 

Financials (as on) :

31.01.2012

 

 

Date of Incorporation :

February 1950

 

 

Com. Reg. No.:

1200-01-028776 (Osaka-Higashinariku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of paints & coatings, painting equipment/goods

 

 

No. of Employees :

45

 

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

 

KISHIDA TORYO INC

(TORYO means Paints)

 

 

REGD NAME

 

Kishida Toryo KK

 

 

MAIN OFFICE

 

2-11-8 Oimazato-Minami Higashinariku Osaka 537-0013 JAPAN

Tel: 06-6976-3881      Fax: 06-6976-6484

 

URL:                 http://www.kishida-c.com

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Wholesale of paints & coatings, painting equipment/goods

 

 

BRANCHES

 

Tokyo, Ichioka (Osaka), Nara

 

 

OFFICERS

 

YASUYUKI KISHIDA, PRES

Toshikuni Kishida, s/mgn dir

Keiko Kishida, dir                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 1,121 M

PAYMENTS No Complaints   CAPITAL           Yen 10 M

TREND SLOW                          WORTH            Yen 217 M

STARTED         1950                             EMPLOYES      45

 

 

COMMENT

 

WHOLESALER OF PAINTS/COATINGS, PAINTING EQUIPMENT, OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established originally in 1939 by Hiroshi Kishida for selling paints and coatings, on his account, and was incorporated in 1950.  This is a trading firm , wholly owned and operated by the Kishida family, for import, export and wholesale of paints & coatings, adhesives, painting equipment/goods, other.  Clients include housing makers, construction firms, other, centering in the greater-Osaka area.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Jan/2012 fiscal term amounted to Yen 1,121 million, an almost similar turnover of Yen 1,110 million in the previous term.  The housing industry was slow to recover.  The net profit was posted at Yen 5 million, compared with Yen 10 million a year ago.

 

For the current term ending Jan 2013 the net profit is projected at Yen 10 million, on a 3% rise in turnover, to Yen 1,150 million.  Exports are increasing.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.

 

 

REGISTRATION

 

Date Registered:  Feb 1950

Regd No.:         1200-01-028776 (Osaka-Higashinariku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

Major shareholders (%): Yasuyuki Kishida, Toshikuni Kishida (--100)

No. of shareholders: 2

 

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

 

 

OPERATION

           

Activities: Imports, exports and wholesales paints & coatings, adhesives, painting equipment/tools, others (--100%)

 

Clients: [Mfrs, wholesalers] Daiwa House Ind (10%), Kitakishi Tosoh Ind, Bunka Shutter Co, Panasonic Corp, Nihon Conveyor Co, other 

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Dai Nippon Toryo Co, Rock Paint Co, Shinto Paint Co, Musashi Paint, Kuboko Paint Co, Konishi Co, Cemedine Co, Mizutani Paint Co, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Imazato)

Mizuho Bank (Imazato)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

31/01/2013

31/01/2012

31/01/2011

31/01/2010

Annual Sales

　

1,150

1,121

1,110

1,100

Recur. Profit

　

　

　

　

　

Net Profit

　

10

5

10

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

217

212

202

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.59

0.99

0.91

-15.38

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.87

0.45

0.90

0.91

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/01/2013 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.