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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SHINKO BOEKI CO LTD |
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Registered Office : |
Shibuya Central Bldg 4F, 3-14 Udagawacho
Shibuyaku Tokyo 150-0042 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
January 1966 |
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Com. Reg. No.: |
(Tokyo-Shibuyaku) 010192 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of vehicle parts, synthetic rubber,
industrial detergent |
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No. of Employees : |
14 |
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 : |
No Complaints |
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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 – March 31st, 2012
|
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 |
SHINKO BOEKI CO LTD
Shinko Boeki KK
Shibuya Central
Bldg 4F, 3-14 Udagawacho Shibuyaku Tokyo 150-0042 JAPAN
Tel:
03-343-0941 Fax: 03-3463-1407
E-mail: e-mail@shinkoboeki.co.jp
Import,
wholesale of vehicle parts, synthetic rubber, industrial detergent, other
Nil
HIROMU
NOZAWA, PRES
Hiroshi Nozawa, s/mgn dir
Ichiro Takayama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,562 M
PAYMENTS No
Complaints CAPITAL Yen 20 M
TREND UP WORTH Yen 573 M
STARTED 1966 EMPLOYES 14
IMPORTER & WHOLESALER SPECIALIZING
IN TRUCK & TRAILER PARTS & COMPONENTS, SYNTHETIC RUBBER,
OTHER. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Satoshi Nozawa in order to make most of his experience in the subject line of business. Hiromu is the founder’s son, who assumed the pres office in Jun 2006. This is a trading firm specializing in truck & trailer parts & components, synthetic rubber, detergent for industrial use, hand tools, other. Goods are imported from Europe, USA, other. Clients include truck & car makers.
The sales volume for Mar/2011 fiscal term amounted to Yen 1,562 million, a 28% up from Yen 1,222 million in the previous term. The market revived after the global economic downturn in the last term. Demand from car makers rose sharply. Imports increased. The recurring profit was posted at Yen 43 million and the net profit at Yen 29 million, respectively, compared with Yen 40 million recurring profit and Yen 25 million net profit, respectively, a year ago. .
For the term that ended Mar 2012 the recurring profit was projected at Yen 45 million and the net profit at Yen 30 million, respectively, on a 6% rise in turnover, to Yen 1,650 million. Business is observed expanding steadily. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan 1966
Regd No.: (Tokyo-Shibuyaku) 010192
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 160,000
shares
Issued: 40,000
shares
Sum: Yen 20 million
Major shareholders (%): Satoshi Nozawa (35.3), Hiromu
Nozawa (15.9), Hiroshi Nozawa (14.9), Ichiro Takayama (5)
No. of shareholders: 16
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales torque wrench, sliding roof (for trucks/trailers), fifth wheels, trailer axles & suspension system, truck & bus suspensions, landing gear king pins, coupling products, detergent for industrial use, bread-making equipment, synthetic rubber, kids trailers, hand tools, other (--100%).
Clients: [Mfrs, wholesalers] Nissan Diesel Motor, Usui Kokusai Sangyo, Isuzu Motor, Tajima Roofing, Kamijin Co, Hino Tsusho Co, Sohshin Co, Nippon Fruehauf Co, UD Trucks, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Reflex & Allen Group, Lawgen Dorf, Ice Tech, Frotrade, Carrieres Des Lacs, Union Des Caseiueies Cooperatives, Nautong Artech Machinery, UBG Group, , Bonanza SA, Arihant Oil & Chemicals, Edscha, LR Oliver & Co Inc, other.
Imports from UK (20%), Germany (12%), USA, other;
Domestically supplied from: Sumitomo
Electric Ind, Yazaki Corp, Sanyo Trading Co, Fukuoka Packing Co, other.
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shibuya-Chuo))
Mizuho
Bank (Shibuya)
Relations:
Satisfactory
(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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1,650 |
1,562 |
1,222 |
1,702 |
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Recur.
Profit |
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45 |
43 |
40 |
42 |
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Net
Profit |
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30 |
29 |
25 |
30 |
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Total
Assets |
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1,013 |
859 |
934 |
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Current
Assets |
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849 |
711 |
793 |
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Current
Liabs |
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390 |
262 |
359 |
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Net
Worth |
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573 |
547 |
524 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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Div.P.Share(¥) |
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75.00 |
75.00 |
75.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.63 |
27.82 |
-28.20 |
-1.33 |
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Current Ratio |
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.. |
217.69 |
271.37 |
220.89 |
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N.Worth Ratio |
.. |
56.56 |
63.68 |
56.10 |
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R.Profit/Sales |
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2.73 |
2.75 |
3.27 |
2.47 |
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N.Profit/Sales |
1.82 |
1.86 |
2.05 |
1.76 |
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Return On Equity |
.. |
5.06 |
4.57 |
5.73 |
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Notes: Forecast (or estimated) figures for the 31/03/2012
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.55.95 |
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UK Pound |
1 |
Rs.86.56 |
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Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.