MIRA INFORM REPORT

 

 

Report Date :           

16.03.2012

 

IDENTIFICATION DETAILS

 

Name :

KATERA CO LTD

 

 

Registered Office :

Hiranomachi Yasui Bldg 10F, 1-8-8 Hiranomachi Chuoku Osaka 541-0046

 

 

Country :

Japan

 

 

Financials (as on) :

31.01.2012

 

 

Date of Incorporation :

March 1978

 

 

Com. Reg. No.:

(Osaka-Chuoku) 034637

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Export, Import, Wholesale of industrial chemicals, food additives, packing mtrls

 

 

No. of Employees :

8 persons

 

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 77.0 Million

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

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

 

Company name

 

KATERA CO LTD

 

 

REGD NAME

 

Katera KK

 

 

MAIN OFFICE

 

Hiranomachi Yasui Bldg 10F, 1-8-8 Hiranomachi Chuoku Osaka 541-0046, JAPAN

Tel: 06-4707-6681    

Fax: 06-4707-6682

 

URL:                             http://www.katera.co.jp/

E-mail address:            info@katera.co.jp

 

 

ACTIVITIES  

 

Export, import, wholesale of industrial chemicals, food additives, packing mtrls

 

 

BRANCH (ES)

 

Nil

 

 

OFFICER(S)

 

TAKAYUKI IMAMURA, PRES

Hitomi Katoh, dir           

Hiromichi Imamura, adv (founder)                                    

                                      

Yen Amount:     In million Yen, otherwise stated.

 

 

SUMMARY    

 

FINANCES            FAIR                                   A/SALES     Yen 1,336 M

PAYAMENTS        REGULAR                           CAPITAL     Yen 10 M

TREND                 STEADY                             WORTH      Yen 246 M

STARTED            1978                                     EMPLOYS    8

                                   

                                               

COMMENT    

 

TRADING HOUSE SPECIALIZING IN INDUSTRIAL CHEMICALS AND FOOD ADDITIVES. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 77.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Hiromichi Imamura in order to make most of his experience in foreign trading, as Shimakyu Lux Co Ltd, and renamed as captioned in Jul 1997.  H Imamura remains as advisor and the major shareholders.  Takayuki is his son, who took the pres office in Mar 2004.  This is a trading firm specializing in export centrally and import of industrial chemicals, food additives, packaging materials, etc.  Goods are exported to Taiwan, Korea, China, India, Australia, UK, Portugal, USA, Canada, etc, to about 40 customers.  Imports consist mainly of food additives, salt & scale for marine use.  Domestic clients include major marine processors. 

 

 

FINANCIAL INFORMATION

 

The sales volume for Jan/2011 fiscal term amounted to Yen 1,336 million, an 8% up from Yen 1,239 million in the previous term.  Export volumes rose particularly into S/E Asian countries.    The recurring profit was posted at Yen 6 million and the net profit at Yen 6 million, respectively, compared with Yen 7 million recurring profit and Yen 6 million net profit, respectively, a year ago. 

 

For the current term ending Jan 2012 the recurring profit is projected at Yen 8 million and the net profit at Yen 6 million, respectively, on a 5% rise in turnover, to Yen 1,400 million.  Higher Yen may reduce earnings from exports in Yen terms.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 77.0 million, on 30 days normal terms.

 

           


REGISTRATION

 

Date Registered:  Mar 1978

Regd No.:         (Osaka-Chuoku) 034637

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Hiromichi Imamura (24.1), Hitomi Kato (23.5),Takayuki Imamura (20.5), Atsuko Senda (10.1)

 

No. of shareholders: 12

 

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

 

 

OPERATION

 

Activities: Exports industrial chemicals, food additives, packing materials, sanitizing equipment, water purifying filers, marine product processing machines; imports food additives (-- 90%), salt & scale for marine use, ship instruments(10%). 

 

Clients: [Mfrs, wholesalers] Exports to Redox Chemicals, Manali Chemicals, Daisung Chemicals, Dunlop Slazengerinc, Orica Australia, Sahasithi Import & Export, Sheng Lynyuan International Trading, Redox Pty Ltd, other. 

 

Domestic clients: Maruha Corp, Takeshoku Co, Royal Greenland Japan, other.

 

Exports to about 45 customers in Korea, Taiwan, China, Philippines, Thailand, Malaysia, Singapore, Indonesia, Myanmar, Vietnam, India, Australia, UK, Netherlands, Portugal, USA, Canada, Panama, etc.

No. of account: 100 (Domestic only)

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Mitsubishi Gas Chemical, Toray Fine Chemical, Kyowa Hakko, Nissan Chemical Ind, Nissan Chemical Ind, Fuso Chemical, Zeon Corp, Ube Industries, Taisho Technos, Nippon Bacterial Test Co, Kosakai Chemical Ind, Daicel Chemical Ind, Nippon Bacterial Test Co, Toho Chemical Ind, Mori Shigyo Co, Nippon Nyukazai Co, other. 

Imports from Iceland, Germany, China, other.

 

Payment record: Regular

 

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

 

Bank Reference:

·         MUFG (Kawaramachi)

·         SMBC (Osaka-Chuo)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/01/2012

31/01/2011

31/01/2010

31/01/2009

Annual Sales

　

1,400

1,336

1,239

1,184

Recur. Profit

　

8

6

7

7

Net Profit

　

6

6

6

6

Total Assets

　

　

328

306

291

Current Assets

　

　

324

302

286

Current Liabs

　

　

64

65

56

Net Worth

　

　

246

240

235

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

2.75

2.75

2.75

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.79

7.83

4.65

0.68

    Current Ratio

 

..

506.25

464.62

510.71

    N.Worth Ratio

..

75.00

78.43

80.76

    R.Profit/Sales

 

0.57

0.45

0.56

0.59

    N.Profit/Sales

0.43

0.45

0.48

0.51

    Return On Equity

..

2.44

2.50

2.55

 

Notes: Resulted figures for the 31/01/2012fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.22

UK Pound

1

Rs.78.64

Euro

1

Rs.65.54

 

 

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.