MIRA INFORM REPORT

 

 

Report Date :

09.06.2012

 

IDENTIFICATION DETAILS

 

Name :

KITA SANGYO CO LTD

 

 

Registered Office :

1-3-9 Momodani Ikunoku Osaka 544-0034

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

June 1938

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of crown caps, bottle caps, other

 

 

No. of Employees :

96

 

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 :

--

 

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

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company name and address

 

KITA SANGYO CO LTD

REGD NAME:    Kita Sangyo KK

MAIN OFFICE:  1-3-9 Momodani Ikunoku Osaka 544-0034 JAPAN

Tel: 06-6731-0251      Fax: 06-6712-6023

                                               

URL:                 http://www.kitasangyo.com

E-Mail address: (thru the URL)

 

 

ACTIVITIES  

 

Mfg of crown caps, bottle caps, other

 

BRANCHES   

 

Tokyo

 

FACTORIES  

 

At the caption addres, Nara

 

 

OFFICERS

 

TSUNEO KITA, PRES    Taku Kawakami, s/mgn dir

Takashi Noda, dir                       Takeshu Haga, dir                                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 3,957 M

PAYMENTS NO COMPLAINTS   CAPITAL           Yen 140 M

TREND SLOW                          WORTH            Yen 2,205 M

STARTED         1938                             EMPLOYES      96

 

COMMENT

 

MFG OF BOTTLE CAPS, CROWN CAPS, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

           

HIGHLIGHTS

           

            The subject company was established by father of Tsuneo Kita in order to make most of his experience in the subject line of business.  Tsuneo took the pres office in May 1991.  This is a specialized mfr of crown caps, bottle caps, PET bottles, other.  Clients include beer makes, sake brewers, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for Sept/2011 fiscal term amounted to Yen 3,957 million, a 0.9% up from Yen 3,921 million in the previous term.  The recurring profit was posted at Yen 178 million and the net profit at Yen 72 million, respectively, compared with Yen 134 million recurring profit and Yen 31 million net profit, respectively, a year ago.

 

            For the current term ending Sept 2012 the recurring profit is projected at Yen 180 million and the net profit at Yen 75 million, respectively, on a 6% rise in turnover, to Yen 4,200 million.  

 

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

 

 

REGISTRATION

 

Date Registered:  Jun 1938

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         11 million shares

Issued:                1.12 million shares

Sum:                   Yen 460 million

Major shareholders (%): Crown Shokai (30), Tsuneo Kita (20)

No. of shareholders: 21

 

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

 

 

OPERATION

 

Activities: Manufactures crown caps, bottle caps, cork caps, PET bottles (--100%)

 

Clients: [Sake brewers, beer makers] Gekkeikan, Nakamura Shoji, Sawa-no-Tsuru, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Nakamura Shoji, Asai Sangyo, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Ueroku)

Shoko Chukin Bank (Osaka)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

       Terms Ending:

30/09/2012

30/09/2011

30/09/2010

30/09/2009

Annual Sales

　

4,200

3,957

3,921

3,845

Recur. Profit

　

180

178

134

108

Net Profit

　

75

72

79

31

Total Assets

　

　

3,405

3,328

3,263

Current Assets

　

　

2,720

2,622

2,582

Current Liabs

　

　

1,065

1,056

1,013

Net Worth

　

　

2,205

2,141

2,116

Capital, Paid-Up

　

　

140

130

140

Div.per share(₯)

　

　

5,600

5600

5600.

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

6.14

0.92

1.98

4.40

    Current Ratio

 

..

255.40

248.30

254.89

    N.Worth Ratio

..

64.76

64.33

64.85

    R.Profit/Sales

 

4.29

4.50

3.42

2.81

    N.Profit/Sales

1.79

1.82

2.01

0.81

    Return On Equity

..

3.27

3.69

1.47

 

Notes: Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.