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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
DAINIKKA CO LTD |
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Registered Office : |
1-9-5 Hatchobori
Chuoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
December
1967 |
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Com. Reg. No.: |
0100-01-049774 (Tokyo-Bunkyoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of paints/coatings, industrial
chemicals, painting works |
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No. of Employees : |
158 |
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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|
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 |
DAINIKKA CO LTD
Dainikka KK
1-9-5 Hatchobori
Chuoku
Tel:
03-3552-3151 Fax: 03-3297-0672
*.. The given address is its Kobe Branch Office
URL: http://www.dainikka.co.jp
E-Mail address: mntmaster@star.dainikka.com
Import,
export, wholesale of paints/coatings, industrial chemicals, painting works
MASAO
YOKOCHI, PRES Kazutoyo Kanamaru, v
pres
Naoyuki
Shimada, mgn dir Mikio Hara, dir
Hiroyuki
Kuwata, dir Kurayuki
Katayama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 20,127 M
PAYMENTS REGULAR CAPITAL Yen 657.4 M
TREND SLOW WORTH Yen 6,594 M
STARTED 1967 EMPLOYES 158
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Haruo Yokochi in order to make most o his experience in the subject line of business. Masao is his son. This is a trading firm specializing in import, export and wholesale of industrial chemicals: paints/coatings, other, also offering painting works. Goods are exported. Clients include heavy machinery mfrs, chemical makers, other, nationwide. Goods are distributed nationwide thru 35 branch offices.
The sales volume for Mar/2011 fiscal term amounted to Yen 20,127 million, a 2% down from Yen 20,477 million in the previous term. Export revenues and profits were hurt by the strong Yen. The recurring profit was posted at Yen 508 million and the net profit at Yen 617 million, respectively, compared with Yen 611 million recurring profit and Yen 319 million net profit, respectively, a year ago.
For the term that just ended Mar 2012 the recurring profit was projected
at Yen 510 million and the net profit at Yen 620 million, respectively, on a 3%
rise in turnover, to Yen 20,700 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Dec 1967
Regd No.: 0100-01-049774 (Tokyo-Bunkyoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6.5 million shares
Issued: 1,634,500 shares
Sum: Yen 657.4 million
Major shareholders (%): Haruo Yokochi (65), Dai Nippon
Toryo Co Ltd14), Masao Yokochi (6), MUFG (5),
SMBC (4)
No. of shareholders: 27
Nothing
detrimental is known as to the commercial morality of executives.
Activities: This is a trading
firm for import, export and wholesale of industrial chemicals: paints &
coatings (62.9%), painting works (21.2%), industrial chemicals (resins,
pigments, solvents, plasticizers, other) (7.1%), office interiors (4.6%),
others (4.2%).
Clients: [Mfrs,
wholesalers] Toray ACE, Kawasaki Heavy Ind, Mitsubishi Heavy Ind, Komatsu Wall
Ind, KCM, Sekisui Corp, SK Kaken Co, NHK Spring Co, Fuji Corp, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Dai Nippon Toryo
Hambai, Dai Nippon Toryo Co, SK Kaken Co, AGC Polymer Material Co, Sunday
Paint, Ohtsuka Brush Mfg Co, Kikusui Chemical Ind, other
Payment record: Regular
Location:
Business area in
Bank References:
MUFG
(Shintomicho)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
20,700 |
20,127 |
20,477 |
24,762 |
|
Recur.
Profit |
|
510 |
508 |
611 |
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Net
Profit |
|
620 |
617 |
319 |
24 |
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Total
Assets |
|
|
13,816 |
13,360 |
13,999 |
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Current
Assets |
|
|
9,471 |
8,653 |
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Current
Liabs |
|
|
8,624 |
6,501 |
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Net
Worth |
|
|
6,594 |
5,975 |
5,553 |
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Capital,
Paid-Up |
|
|
657 |
657 |
657 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.85 |
-1.71 |
-17.30 |
-0.95 |
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Current Ratio |
|
.. |
109.82 |
133.10 |
.. |
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N.Worth Ratio |
.. |
47.73 |
44.72 |
39.67 |
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R.Profit/Sales |
|
2.46 |
2.52 |
2.98 |
.. |
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N.Profit/Sales |
3.00 |
3.07 |
1.56 |
0.10 |
|
|
Return On Equity |
.. |
9.36 |
5.34 |
0.43 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
|
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
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.