MIRA INFORM REPORT
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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KOHYO CO LTD
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Registered Office : |
5-4-19 Shinsho
Yokkaichi Mie-Pref 510-0064 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
July
1971 |
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Com. Reg. No.: |
(Mie-Yokkaichi)
014805 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
Export, Wholesale of fishes, fishery products |
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No. of Employees
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118 |
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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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
KOHYO CO LTD
KK Kohyo
5-4-19 Shinsho
Yokkaichi Mie-Pref 510-0064 JAPAN
Tel:
0593-54-5411 Fax: 0593-54-3447
E-Mail address: kohyo@kohyoj.co.jp
Import,
export, wholesale of fishes, fishery products
Fuzhou
(China), Yangon (Myanmar)
Kohyo
Holland BV; Kohyo America Inc
(subcontracted)
SHINTARO
HAYASHI, PRES Masahiro Ohtsuki, mgn dir
Yasumasa Shimizu, mgn dir Tadashi Katoh, dir
Masashi Maeda, dir Katsuyuki Onodera, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES: Yen 44,216 M
PAYMENTS REGULAR CAPITAL Yen 98 M
TREND STEADY WORTH Yen 6,404 M
STARTED 1971 EMPLOYES
118
TRADING HOUSE SPECIALIZING IN MARINE & AGRICULTURAL PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
This is a trading house for import, export and wholesale of fishes, fishery products, farm products, livestock products, processed foods, canned foods, etc. Also handles wines, beer, soft drinks, fishing nets & gears, other. Main products are prawns, lobsters, shrimps and shellfish. Has two overseas branches in China and Yangon (Myanmar). Overseas subsidiaries are in Amsterdam and Seattle for purchasing fishes and export into Japan. Fishery products are subcontracted processing mostly to factories in China. Domestic clients include fishery markets, fishery dealers, wholesalers, etc.
The sales volume for Jun/2011 fiscal term amounted to Yen 44,216 million, an 18% up from Yen 37,544 million in the previous term. Price hikes for fishery products contributed. Profits improved. The recurring profit was posted at Yen 1,448 million and the net profit at Yen 847 million, respectively, compared with Yen 1,167 million recurring profit and Yen 637 million net profit, respectively, a year ago.
For the current term ending Jun 2012 the recurring profit is projected at Yen 1,500 million and the net profit at Yen 850 million, respectively, on a 3% rise in turnover, to Yen 45,500 million. Business is steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jul 1971
Regd No.: (Mie-Yokkaichi) 014805
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
200,000 shares
Issued:
196,000 shares
Sum: Yen 98 million
Major shareholders (%): Hideko Kuromiya (9), Japan Trans
City (3), Chiharu Kusabuka (2), Chie Kusakabe (2), Employees’ S/Holding Assn
(29, other
No. of shareholders: 24
Nothing
detrimental is known as to the commercial morality of executives.
Activities: A trading house for import, export and wholesale of prawns, shrimps, lobsters (--25%), frozen fishes from North seas (20%), frozen fishes from South seas (15%), airfreight fresh fishes (8%), processed fishery products (14%), fish feeds, liquors, farm products, fishing nets & gears, others (--18%).
(Export 10-15%)
Clients: [Fishery markets, specialty dealers] Daiei Taigen, Daisui, Osaka Uoichiba, Daiichi Suisan, Uoichi, Yokohama Reito, Jiayuan Fishery (China), other.
Exports to Kohyo USA (Seattle), China, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Kohyo USA, Kohyo Holland, Cresting Wave, Hannan, other. Imports processed foods from China.
Payment record: Regular
Location: Business area in Yokkaichi City, Mie-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Mizuho Bank (Yokkaichi)
· Hyakugo Bank (Yokkaichi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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45,500 |
44,216 |
37,544 |
33,592 |
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Recur.
Profit |
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1,500 |
1,448 |
1,167 |
660 |
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Net
Profit |
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850 |
847 |
637 |
413 |
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Total
Assets |
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11,724 |
11,285 |
9,628 |
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Current
Assets |
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10,716 |
10,175 |
8,467 |
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Current
Liabs |
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5,316 |
5,730 |
4,674 |
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Net
Worth |
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6,404 |
5,548 |
4,944 |
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Capital,
Paid-Up |
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98 |
98 |
98 |
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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 |
2.90 |
17.77 |
11.76 |
-10.92 |
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Current Ratio |
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.. |
201.58 |
177.57 |
181.15 |
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N.Worth Ratio |
.. |
54.62 |
49.16 |
51.35 |
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R.Profit/Sales |
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3.30 |
3.27 |
3.11 |
1.96 |
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N.Profit/Sales |
1.87 |
1.92 |
1.70 |
1.23 |
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Return On Equity |
.. |
13.23 |
11.48 |
8.35 |
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Notes:
Forecast (or estimated) figures for 30/06/2012 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.55.15 |
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UK Pound |
1 |
Rs.86.58 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.