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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
IZUMI-COSMO CO LTD |
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Registered Office : |
Nakanoshima Mitsui Bldg, 3-3-3 Nakanoshima Kitaku |
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Country : |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
November, 1947 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of industrial chemicals, machinery, foods, projector
screens |
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No. of Employees : |
110 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
IZUMI-COSMO CO LTD
Izumi KK
Nakanoshima Mitsui Bldg, 3-3-3 Nakanoshima Kitaku
Tel: 06-6448-5551
* The given address is its Tokyo Branch Office at: 2-1-1
Nihombashi-Muromachi Chuoku Tokyo 103-0022
URL: http://www.izumi-cosmo.co.jp/
E-Mail address: izumi-jinji@izumi-cosmo.co.jp
Import, wholesale of industrial chemicals, machinery, foods, projector
screens
Izumi America Inc (
TAKAFUMI YAMANAKA, PRES Yoshihiko
Ito, ch
Hiromi Fukuda, mgn dir Tomiro
Yoshikawa, dir
Yukio Miyagawa, dir Ichio
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 40,849 M
PAYMENTS REGULAR CAPITAL Yen
450 M
TREND UP WORTH Yen 19,557 M
STARTED 1947 EMPLOYES 110
TRADING HOUSE SPECIALIZING IN INDUSTRIAL CHEMICALS, MACHINERY &
FOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by A Izumi in
The sales volume for Oct/2011 fiscal term amounted to Yen 40,849
million, an 8% up from Yen 37,652 million in the previous term. Projector screens (new products) made of
fiber, film, plastic materials fared well and contributed to the sales
growth. The recurring profit was posted
at Yen 2,189 million and the net profit at Yen 1,440 million, respectively,
compared with Yen 1,860 million recurring profit and Yen 1,135 million net
profit, respectively, a year ago.
For the current term ending Oct 2012 the recurring profit is projected
at Yen 2,200 million and the net profit at Yen 1,500 million, respectively, on
a 3% rise in turnover, to Yen 42,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Nov 1947
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 40 million shares
Issued: 10.1 million
shares
Sum: Yen 450 million
Major shareholders (%): Izumi Enterprise (13.3),
No. of shareholders: 176
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Trading house for
import, export and wholesale of:
Industrial
Chemicals (48%):
(Film Division): polyester film, polyimide film, vaporization processed
products, biodegradable products, projector screens made o fiber, film, plastic
material;
(Plastics Division): mobile screens, educational-use magnetic screen,
floor type screen for home use, synthetic resins, resin products, plastics for
transportation;
Industrial Materials (33%): tent sheet materials, tent & A wings,
canvas, FF sheeting for backlit sign, tarpaulin, heat-resistant materials,
resin processing, shade netting, portable water tanks, pleated filters for fine
dust, bellows, all-weather sandy surface turf, knit materials for invalids
& elderly, car seat, other;
Foods (11%).
Exports (13%)
Clients: [Mfrs,
wholesalers] Toray Ind, Casio Computer, Lintec Corp, Taisei Kayaku, Kimoto Co,
Kato Corp, MA Packaging, other.
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Toray Ind, Lintec Corp, Toray Advanced
Film, Maruyama Frosting Co, Fujiko Co, Mihara Ryoju Machinery Works, other.
Payment record: Regular
Location: Business area in
Bank References
SMBC (Osaka-Nishi)
Mizuho Bank (Dojima)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual Sales |
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42,000 |
40,849 |
37,652 |
34,626 |
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Recur. Profit |
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2,200 |
2,187 |
1,860 |
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Net Profit |
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1,500 |
1,440 |
1,135 |
1,047 |
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Total Assets |
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32,746 |
30,833 |
28,948 |
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Current Assets |
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28,358 |
26,342 |
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Current Liabs |
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12,330 |
11,784 |
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Net Worth |
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19,557 |
18,192 |
17,490 |
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Capital, Paid-Up |
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450 |
450 |
450 |
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Div.P.Share(¥) |
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20.00 |
18.00 |
18.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.82 |
8.49 |
8.74 |
-24.83 |
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Current Ratio |
|
.. |
229.99 |
223.54 |
.. |
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N.Worth Ratio |
.. |
59.72 |
59.00 |
60.42 |
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R.Profit/Sales |
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5.24 |
5.35 |
4.94 |
.. |
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N.Profit/Sales |
3.57 |
3.53 |
3.01 |
3.02 |
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Return On Equity |
.. |
7.36 |
6.24 |
5.99 |
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Notes: Forecast (or estimated) figures for the 31/10/2012 fiscal
term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
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|
1 |
Rs.86.89 |
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Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
---- |
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.