MIRA INFORM REPORT

 

 

Report Date :           

31.03.2012

 

IDENTIFICATION DETAILS

 

Name :

IZUMI KASEI SANGYO CO LTD

 

 

Registered Office :

4-4-16 Kigawahigashi, Yodogawaku, Osaka-shi, Osaka-pref

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

April  1963

 

 

Com. Reg. No.:

1200-01-053790 (Osaka-Yodogawaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of paintings, coatings

 

 

No. of Employees :

69

 

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 143.0 Million

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 – 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

 

IZUMI KASEI SANGYO CO LTD

 

 

REGD NAME

 

Izumi Kasei Sangyo KK

 

 

MAIN OFFICE

 

Shin-Osaka Prime Tower 16F, 6-1-1 Nishinakajima Yodogawaku Osaka 532-0011, JAPAN

Tel: 06-6302-5481     

 

*.. The given address is its Registered Address

                                               

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

E-Mail address:                        info@izumikasei.co.jp

 

 

ACTIVITIES

 

Wholesale of paintings, coatings

 

 

BRANCHES

 

Tokyo, Saitama, Nagoya, Hamamatsu, Yokohama, other (Tot 12)

 

 

OFFICERS

 

YOSHITAKA IZUMI, PRES         Yoshihiro Izumi, ch

Shigenori Yamada, dir                Tsuneo Sugimoto, dir

Mitsuo Iwamoto, dir                                                       

 

Yen Amount:     In million Yen, unless otherwise stated

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 3,771 M

PAYMENTS      No Complaints          CAPITAL           Yen 22 M

TREND             STEADY                       WORTH            Yen 2,345 M

STARTED         1963                             EMPLOYES      69

 

 

COMMENT    

 

WHOLESALER OF PAINTINGS, COATINGS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 143.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Yoshihiro Izumi, now ch, on obtaining dealership agreement with Nissan Chemical Ind, mfr of chemical products, Tokyo.  This is a wholesaler of paints & coatings.  Also handles painting equipment & supplies.  Goods are also exported. 

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2011 fiscal term amounted to Yen 3,771 million, a 5% up from Yen 3,593 million in the previous term.  The net profit was posted at Yen 25 million, compared with Yen 28 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 27 million, on a 2% rise in turnover, to Yen 2,850 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 143.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 1963

Regd No.:         1200-01-053790 (Osaka-Yodogawaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         176,000 shares

Issued:                44,000 shares

Sum:                   Yen 22 million

 

Major shareholders (%): Izumi Shoten* (51), Employees’ S/Holding Assn (10) *.. Group retailer

No. of shareholders: 15

 

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

 

 

OPERATION

           

Activities: Wholesales & exports paintings, coatings, painting equipment & supplies (--100%)

 

Clients: [Mfrs, wholesalers] Nichiha Group firms, Nippon Metal Ind, Sanyo Electric Group firms, Panasonic Group firms, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] BASF Coatings Japan, NKM Coatings, Chugoku Marine Paints, Kansai Paint Group, Dai Nippon Toryo Co, Nihon Parkerizing Co, NOF Metal Coating, NOF Corp, other

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Umeda)

MUFG (Shin-Osaka)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

3,850

3,771

3,593

4,654

Recur. Profit

　

　

　

　

　

Net Profit

　

27

25

28

8

Total Assets

　

　

4,272

4,299

4,336

Current Assets

　

　

3,117

3,111

　

Current Liabs

　

　

1,167

1,217

　

Net Worth

　

　

2,345

2,321

2,295

Capital, Paid-Up

　

　

22

22

22

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.09

4.95

-22.80

-0.98

    Current Ratio

 

..

267.10

255.63

..

    N.Worth Ratio

..

54.89

53.99

52.93

    R.Profit/Sales

 

..

..

..

..

    N.Profit/Sales

0.70

0.66

0.78

0.17

    Return On Equity

..

1.07

1.21

0.35

 

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.16

UK Pound

1

Rs.81.72

Euro

1

Rs.68.34

 

 

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.