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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Name : |
OKAHATA & CO LTD |
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Registered Office : |
165 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
January
1951 |
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Com. Reg. No.: |
1700-01-000592 (Wakayama-Wakayama) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of chemicals, chemical
intermediates, footwear |
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No. of Employees : |
32 |
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) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
OKAHATA & CO LTD
Okahata Kosan KK
1-5-6 Shimanouchi
Chuoku Osaka 542-0082 JAPAN
Tel:
06-6251-8252 Fax: 06-6251-8278
*.. Registered at: 165 Nozaki Wakayama City Wakayama-Pref
URL: www.okahata.co.jp
E-mail: (thru the URL)
Import,
export, wholesale of chemicals, chemical intermediates, footwear
Tokyo
China
(2), Taiwan, Korea, Hong Kong
SHUHEI
KITAI, PRES Seiki Okahata,
ch
Norihiro
Okahata, mgn dir Hiroshi
Sakaide, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 8,237 M
PAYMENTS No Complaints CAPITAL Yen 99 M
TREND SLOW WORTH Yen 1,500 M
STARTED 1951 EMPLOYES 32
TRADING
FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Norihiro Okahata in order to make most of his experience in the subject line of business. This is a trading firm for import, export and wholesale of industrial chemicals, specialty chemicals, intermediates, pigments, dyestuffs, surfactant, footwear, other. Goods are widely imported from China, Hong Kong, Taiwan, Korea, other. Clients include major chemical mfrs, cosmetics mfrs, other, nationwide.
The sales volume for Dec/2011 fiscal term
amounted to Yen 8,237 million, a 4% down from Yen 8,604 million in the previous
term. High Yen hurt import/export
revenues & profits in Yen terms. The
recurring profit was posted at Yen 166 million and the net profit at Yen 60
million, respectively, compared with Yen 173 million recurring profit and Yen
40 million net profit, respectively, a year ago. .
For the current term ending Dec 2012 the
recurring profit is projected at Yen 170 million and the net profit at Yen 65
million, respectively, on a 4% rise in turnover, to Yen 8,600 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Jan
1951
Regd No.: 1700-01-000592 (Wakayama-Wakayama)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 794,880
shares
Issued: 198,720 shares
Sum: Yen
99.36 million
Major shareholders (%):
Employees’ S/Holding Assn (30), Seiki Bokhara, other
No. of shareholders: 16
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales industrial chemicals: specialty chemicals, pigments, dyestuffs,
surfactant, fragrance, footwear, other (--100%)
Clients: [Mfrs,
wholesalers] Kao Ltd, Sumitomo Chemical, Nissan Chemical Ind, Zeon Corp,
Dainichiseika Color & Chemicals Mfg, SK Kaken Co, Teijin Ltd, Nippon Kayaku
Co, Descente Ltd, Nissan Soap Co, other
No. of accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kao Ltd, Sumitomo Chemical, Nissan Chemical Ind, Dainichiseika
Color & Chemicals Mfg, Teijin Ltd, Nippon Kayaku Co, other.
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Semba-Chuo)
Kiyo Bank (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
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Annual
Sales |
|
8,600 |
8,237 |
8,604 |
8,663 |
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Recur.
Profit |
|
170 |
166 |
173 |
128 |
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Net
Profit |
|
65 |
60 |
40 |
66 |
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Total
Assets |
|
|
4,628 |
4,501 |
5,198 |
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Current
Assets |
|
|
3,424 |
3,256 |
3,941 |
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Current
Liabs |
|
|
2,831 |
2,634 |
3,154 |
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Net
Worth |
|
|
1,500 |
1,470 |
1,445 |
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Capital,
Paid-Up |
|
|
99 |
99 |
99 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.41 |
-4.27 |
-0.68 |
-32.35 |
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Current Ratio |
|
.. |
120.95 |
123.61 |
124.95 |
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N.Worth Ratio |
.. |
32.41 |
32.66 |
27.80 |
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R.Profit/Sales |
|
1.98 |
2.02 |
2.01 |
1.48 |
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N.Profit/Sales |
0.76 |
0.73 |
0.46 |
0.76 |
|
|
Return On Equity |
.. |
4.00 |
2.72 |
4.57 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
UK Pound |
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
---- |
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.