MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
OHYAMA CO LTD |
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Registered Office : |
2-12-1 Itsutsubashi Aobaku Sendai 980-0022
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1986 |
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Com. Reg. No.: |
(Sendai-Aobaku) 007432 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of home-use products |
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No. of Employees
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28 |
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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Maximum Credit Limit : |
Yen 1,976.0 Million |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
OHYAMA CO LTD
KK Ohyama
2-12-1 Itsutsubashi
Aobaku Sendai 980-0022 JAPAN
Tel:
022-221-2109 Fax: 022-217-3787
URL: http://www.irisohyama.co.jp
(Of the parent)
E-Mail address: info@irisohyama.co.jp
Import,
export, wholesale of home-use products
Nil
USA,
China, Korea, Europe, other (parent’s Branch Offices)
(subcontracted)
KENTARO
OHYAMA, PRES
Hideo
Ohyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 47,366 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
15,126 M
STARTED 1986 EMPLOYES 28
TRADING FIRM SPECIALIZING IN HOME-USE PRODUCTS, OWNED BY
IRIS OHYAMA INC.
FINANCIAL SITUATION CONSIDERED FAIR TO GOOD AND GOOD FOR CREDIT ENGAGEMENTS: US$100,000.00 / O/A 14 DAYS.
MAX CREDIT LIMIT: YEN 1,976.0 MILLION, 30 DAYS NORMAL TERMS. .
The subject company was established on the basis of a trading division separated from Iris Ohyama Inc, a wholesaler of home-use products, at the caption address (See REGISTRATION). Kentaro Ohyama is concurrently pres of the parent. This is a trading firm specializing in import, export and wholesale of home-use products, such as furniture, pet foods, tools, garden goods, DIY goods, bicycles, other (See OPERATION). Goods are supplied to the parent and its group firms. Parent’s overseas branch offices are fully utilized for import & export businesses.
The sales volume for Mar/2011 fiscal term amounted to Yen 47,366 million, a 6% up from Yen 45,314 million in the previous term. This is attributed ironically to the North East Earthquake that struck the northern Japan on 11/03/2011, urging demand for storage containers/shelves/boxes, emergency goods, preserved foods, other. The parent reported sales of Yen 84,868 million, up 6.0% from the previous term. The recurring profit was posted at Yen 2,412 million and the net profit at Yen 2,762 million, respectively, compared with Yen 2,583 million recurring profit and Yen 3,243 million net profits, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected at Yen 2,600 million and the net profit at Yen 3,000 million, respectively, on a 10% rise in turnover, to Yen 52,000 million. The parent projects the sales will increase of about 15%. Newly introduced LED lightings were in robust demand. Demand for emergency goods, anti-earthquake outfits, preserved foods, fast foods, health foods, etc continues growing steeply.
Financial situation is considered FAIR to GOOD and responsible for ORDINARY business engagements. Max credit limit is estimated at Yen 1,976.0 million, on 30 days normal terms.
Date Registered: Apr 1986
Regd No.: (Sendai-Aobaku) 007432
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10
million
Major shareholders (%):
Akihiro Ohyama (66), Yuko Ohyama (24), Toshiko Ohyama (10)
No. of shareholders: 3
* Iris Ohyama Inc, mfr of home-use products, at the caption address, founded 1971, capital Yen 100 million, sales Yen 84,868 million, recurring profit Yen 8,817 million, net profit Yen 2,395 million, total assets Yen 120,620 million, net worth Yen 53,109 million, employees 1,395, pres Kentaro Ohyama, concurrently
Nothing detrimental is known as
to the commercial morality of executives.
Activities:
Imports, exports and wholesales home-use products (--100%)
(Handling items):
LED Lightings Div: “Ecolux” LED lamps, LED lightings, accessories;
Storage/Furniture Div: TV racks, AV boards, KD furniture, hybrid chests, HG chests, free racks, CB boxes, wood racks, metal racks, kids concept, cotton boxes, closet carriers, wide stockers, other;
Pets Div: plastic dog houses, wooden dog houses, cat lands, system circles, pet carriers, pet drive boxes, air cleaners, cat toilets, pet sheets, cat litter, dry foods for dogs & cats, jerky;
Tools/Cars/Office, Household Goods Div: hard cases, buckle containers, RV boxes, Stanley hand tools, disposable body warmers, sheets for prevention of contamination of futon (beds), indoor dryers, extendable shelves, extendable bars for preventing furniture from falling, escape buckets set, high-pressure washers, work gloves, shredders, laminators, emergency goods, preserved foods, fast foods, health foods;
Garden/Exterior Goods Div: long/square planters, wood drum type pots, lattices, garden mail boxes, system decks, tile decks, snow shovels, granular potting soil, gravel for security & wood proof, fully covered hose reels, battery operated aerosol, power-operated aerosol, power-operated eco mates, illumination lights, wooden sheds, step plates, other.
Clients: [Mfrs, wholesalers] Iris Ohyama, Dalian Iris Ohyama, Iris USA, other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Iris Ohyama Inc, Itochu Corp, Idemitsu Kosan, Japan Poly-Pro, Iris Ohyama Dalian, other.
Payment record: Regular
Location: Business area in Sendai, Miyagi-Pref. Office premises at the caption address are owned by the parent and maintained satisfactorily.
Bank References:
Mizuho
Corporate Bank (Sendai)
SMBC
(Sendai)
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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52,000 |
47,366 |
45,314 |
42,423 |
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Recur.
Profit |
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2,600 |
2,412 |
2,583 |
2,338 |
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Net
Profit |
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3,000 |
2,762 |
3,243 |
-8,318 |
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Total
Assets |
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30,580 |
32,110 |
29,093 |
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Current
Assets |
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18,128 |
14,624 |
14,135 |
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Current
Liabs |
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15,348 |
19,450 |
19,516 |
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Net
Worth |
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15,126 |
12,394 |
9,151 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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1500.00 |
0.00 |
1500.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.78 |
4.53 |
6.81 |
-8.76 |
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Current Ratio |
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.. |
118.11 |
75.19 |
72.43 |
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N.Worth Ratio |
.. |
49.46 |
38.60 |
31.45 |
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R.Profit/Sales |
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5.00 |
5.09 |
5.70 |
5.51 |
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N.Profit/Sales |
5.77 |
5.83 |
7.16 |
-19.61 |
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Return On Equity |
.. |
18.26 |
26.17 |
-90.90 |
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Note:
Forecast (or estimated) 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.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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 |
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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.