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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GYK CO LTD
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Registered Office : |
4-15-8
Sawaragi-Nishi |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
October
1959 |
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Com. Reg. No.: |
(Osaka-Ibaraki) 000832 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of mowers, sprinklers, other golf course management equipment |
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No. of Employees : |
92 |
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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|
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 |
GYK CO LTD
Golf Jo Yohin KK
4-15-8
Sawaragi-Nishi
Tel:
0726-32-5861 Fax: 0726-35-3203
E-Mail address: info@gyk.co.jp
Import, wholesale of mowers, sprinklers, other golf course
management equipment
GIICHI
HATSUTA, PRES Giichi Hatsuta,
ch
Yuji
Ashiwake, mgn dir Kikuo Kera, mgn dir
Yuji
Kamimoto, dir Katsuo
Nishimura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,335 M
PAYMENTS No
Complaints CAPITAL Yen 30 M
TREND SLOW WORTH Yen 2,034 M
STARTED 1959 EMPLOYES 92
IMPORTER SPECIALIZING IN GOLF COURSE MANAGEMENT
EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company
was established by Giichi Hatsuta in order to make most of his experience in
the subject line of business. This is a
trading firm specializing in import and wholesale of golf course management
equipment: turf mowers, sprinkler systems, aerators, utility vehicles, etc. Also handles golf goods. The firm acts as agent for The Toro Co, Par
Aide Products Co, Standard Golf Co (--USA) for importing the equipment and golf
outfits. The firm is a group company of
Hatsuta Industrial Co and Hatsuta Kakusanki Ltd, owned by the Hatsuta family.
The sales volume for
Dec/2011 fiscal term amounted to Yen 3,335 million, a similar amount in the
previous term. Sales slowed. Consumer spending was sluggish. Golfing traffic declined. The recurring profit was posted at Yen 173
million and the net profit at Yen 92 million, respectively, compared with Yen
146 million recurring profit and Yen 80 million net profits, respectively, a
year ago.
For the current term
ending Dec/2012 the recurring profit is projected at Yen 180 million and the
net profit at Yen 100 million, respectively, on a 5% rise in turnover, to Yen
3,500 million.
The financial
situation is considered maintained FAIR and good for ORDINARY business
engagements.
Date Registered: Oct 1959
Regd No.: (Osaka-Ibaraki) 000832
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
200,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major
shareholders (%): Employees’ S/Holding Assn (18), Kenji Ohya (12), Kikuo
Hatsuta
(4), Giichi Hatsuta (3))
No. of shareholders: 41
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales golf course management tools & equipment:
turf mowers, sprinkler systems, golf course irrigation systems, spraying
equipment, turf cultivation equipment, utility vehicles, also handles golf
goods (--100%).
Clients: Nationwide golf courses, sports grounds, parks, other
No. of accounts: 1,000
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Toro Co, Par Aide Products, Standard
Golf (--
Also supplied from
Marunaka, Hatsuta Kakusanki, New Holland HFT Japan, other.
Payment record: No Complaints
Location: Business area in
Bank References:
SMBC (
MUFG (Ibaraki-Ekimae)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/03/2010 |
|
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Annual
Sales |
|
3,500 |
3,335 |
3,335 |
4,211 |
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Recur.
Profit |
|
180 |
173 |
146 |
201 |
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Net
Profit |
|
100 |
92 |
80 |
120 |
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Total
Assets |
|
|
2,454 |
2,534 |
3,046 |
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Current
Assets |
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1,643 |
1,687 |
2,235 |
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Current
Liabs |
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345 |
493 |
1,100 |
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Net
Worth |
|
|
2,034 |
1,948 |
1,759 |
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Capital,
Paid-Up |
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|
30 |
30 |
30 |
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Div.P.Share(¥) |
|
|
100.00 |
100.00 |
100.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.95 |
0.00 |
-8.32 |
-13.05 |
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Current Ratio |
|
.. |
476.23 |
342.19 |
203.18 |
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N.Worth Ratio |
.. |
82.89 |
76.87 |
57.75 |
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R.Profit/Sales |
|
5.14 |
5.19 |
4.38 |
4.77 |
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N.Profit/Sales |
2.86 |
2.76 |
2.40 |
2.85 |
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Return On Equity |
.. |
4.52 |
4.11 |
6.82 |
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Notes: Forecast (or estimated) figures for
31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.87.37 |
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Euro |
1 |
Rs.69.95 |
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.