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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
MOTOHIRO &
CO LTD |
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|
|
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Registered Office : |
162 Shimotoba-Hiroosacho Fushimiku Kyoto 612-8473 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1951 |
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Com. Reg. No.: |
1300-01-019098 (Kyoto-Shimogyoku)
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Legal Form : |
Limited Company (Kabushiki Kaisha |
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Line of Business : |
Imports, exports and wholesales textile yarns, wools, silk, other;
operates restaurant chains |
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|
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No. of Employees : |
87 |
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 |
|
Maximum Credit Limit : |
Yen 367.2 Million |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MOTOHIRO & CO LTD
REGD NAME: KK
Motohiro
MAIN OFFICE: 162
Shimotoba-Hiroosacho Fushimiku Kyoto 612-8473 JAPAN
Tel: 075-611-2195
Fax: 075-612-0976
*..The
given address is its Osaka Branch Office
Registered at: 602 Higashi-Shiokojicho
Shimogyoku Kyoto
URL: http//:www.motohiro.co.jp
E-mail: (thru
the URL)
Import, export, wholesale
of textile yarns, wool; operate restaurant
Tokyo, Osaka,
Shiga, Nara, Monma, Otsu, other (Tot 21)
China (7, of which
6 are mfrs), Sydney, Thailand
Kyoto, Osaka,
Shiga
TETSUYA MOTOHIRO,
PRES
Masa Motohiro, ch
Takemi Motohiro,
s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 9,926 M
PAYMENTS REGULAR CAPITAL Yen
24 M
TREND STEADY WORTH Yen
2,909 M
STARTED 1951 EMPLOYES 87
TRADING FIRM
SPECIALIZING IN TEXTILE YARNS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 367.2 MILLION, 30 DAYS
NORMAL TERMS
The subject company was established originally in 1921 by S Motohiro as
a silk material merchant, on his account.
Incorporated in 1951, the firm has been succeeded by his
descendants. Masa is his son and Tetsuya
is grandson, who took the pres office in Dec 2000. This is a trading firm, wholly owned &
operated by the Motohiro family, specializing in import, export and wholesale
of textile yarns, wools, cashmere, other.
Also operates franchise hamburger steak restaurants. Operates 9 overseas subsidiaries: China (6
mfg companies, 1 trading firm), Sydney and Thailand. The firm buys wool in Australia and ships them
to Hong Kong and China for processing into products. About half of the goods are exported.
The sales volume for Dec/2010 fiscal term amounted to Yen 9,926 million,
a 22% up from Yen 8,147 million in the previous term. Market revived after the global economic
downturn. Exports rose. Wool shipment from Australia to Hong Kong and
China increased abruptly. Production at
Chinese factories also rose. The
recurring profit was posted at Yen 452 million and the net profit at Yen 225
million, respectively, compared with Yen 358 million recurring profit and Yen
172 million net profit, respectively, a year ago. .
For the term that ended Dec 2011 the recurring profit was projected at
Yen 460 million and the net profit at Yen 230 million, respectively, on a 3%
rise in turnover, to Yen 10,200 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 367.2 million, on 30 days normal terms.
Date Registered: Mar
1951
Regd No.:
1300-01-019098 (Kyoto-Shimogyoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 192,000 shares
Issued: 48,000 shares
Sum: Yen 24 million
Major
shareholders (%): Masa Motohiro (30), Motohiro Holdings* (28), Tetsuya Motohiro (16),
Takemi Motohiro (14)
*.. Holding
company owned by the Motohiro family
No. of
shareholders: 9
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales textile yarns, wools, silk, other; operates restaurant chains
(--100%).
(Sales by divisions)
Textile Division: handling
materials, especially wool, for spinning & industrial uses; exports woo
tops worldwide; the firm purchases wool at local auctions in Sydney, Australia,
and process it into wool tops with super wash treatment, and exports to China
as materials for knit sweaters;
Restaurant
Division: operates franchise hamburger steak restaurants & Chinese noodle
restaurants.
Clients: [Mfrs,
wholesalers] Exports (50%), domestically: Japan Wool Textile, Kurabo Ind Ltd,
Aeon Corp, Ito-Yokado, AMBIC Co, Nippon Fine Chemical, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Shuneider Co, Kurabo
Ind, Alef Co, Chuwa Wool, other.
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Kyoto-Chuo)
Mizuho Bank
(Fushimi)
Relations:
Satisfactory
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
Annual
Sales |
|
10,200 |
9,926 |
8,147 |
10,840 |
|
Recur.
Profit |
|
460 |
452 |
358 |
298 |
|
Net
Profit |
|
230 |
225 |
172 |
128 |
|
Total
Assets |
|
|
4,710 |
4,241 |
4,684 |
|
Current
Assets |
|
|
2,935 |
2,455 |
2,896 |
|
Current
Liabs |
|
|
1,484 |
1,235 |
1,887 |
|
Net
Worth |
|
|
2,909 |
2,685 |
2,514 |
|
Capital,
Paid-Up |
|
|
24 |
24 |
24 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.76 |
21.84 |
-24.84 |
-3.15 |
|
|
Current Ratio |
|
.. |
197.78 |
198.79 |
153.47 |
|
N.Worth Ratio |
.. |
61.76 |
63.31 |
53.67 |
|
|
R.Profit/Sales |
|
4.51 |
4.55 |
4.39 |
2.75 |
|
N.Profit/Sales |
2.25 |
2.27 |
2.11 |
1.18 |
|
|
Return On Equity |
.. |
7.73 |
6.41 |
5.09 |
|
Notes: Forecast
(or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
|
1 |
Rs.78.14 |
|
Euro |
1 |
Rs.65.08 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.