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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
YK SHOKAI CO LTD |
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Registered Office : |
469-1 Kakogawacho-Awazu |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
March 1953 |
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Com. Reg. No.: |
1400-01-043773
(Hyogo-Kakogawa) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of paints & coatings,
painting supplies |
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No. of Employees : |
35 |
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 : |
No Complaints |
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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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
YK SHOKAI CO LTD
KK YK Shokai
469-1
Kakogawacho-Awazu
Tel:
079-421-5995 Fax: 079-425-2550
URL: http://www.yk-syoukai.go2.jp
E-Mail address: (thru the URL)
Import,
export, wholesale of paints & coatings, painting supplies
Kasei
At the
caption address, Kasei (Hyogo-Pref)
MIHARU
NAKADA, PRES
Keitaro
Nakada, s/mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,537 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 390 M
STARTED 1953 EMPLOYES 35
TRADING FIRM SPECIALIZING IN PAINTS & COATINGS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Miharu Nakada in order
to make most of his experience in the subject line of business. This is a family-based trading firm, owned
and operated by the Nakada family, for import, export and wholesale of paints
& coatings, painting supplies, other.
Acts as marketing agent for major paint makers nationwide.
The sales volume for Mar/2011 fiscal term amounted to Yen 1,537 million,
a 7% up from Yen 1,436 million in the previous term. Mfg activities revived in
For the term that ended Mar 2012 the recurring profit was projected at
Yen 40 million and the net profit at Yen 25 million, respectively, on a 4% rise
in turnover, to Yen 1,600 million. Business
is steadily expanding. Final results are
yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Mar 1953
Regd No.: 1400-01-043773 (Hyogo-Kakogawa)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued: 2,000 shares
Sum: Yen 10 million
Major shareholders (%): Miharu Nakada and families
(--100)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales paints & coatings, surface treatment agents, adhesives,
painting equipment, painting brushes, other supplies (--100%)
Clients: [Mfrs, wholesalers]
Kobe Steel, Okura Yusoki Co, Takuma Co, Sumitomo Seika Chemicals, SRI Hybrid,
Kaneka Corp, Toyo Rubber Ind, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Dai Nippon Toryo Co, Nippon Paints, Nihon Parkerizing Co,
International Paint Japan, Nippon Fine Coatings, Kansai Paint, Chugoku Marine
Paints, other
Payment record: Regular
Location:
Business area in Kakogawa, Hyogo-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Resona
Bank (Kakogawa)
SMBC
(Kakogawa)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
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Annual
Sales |
|
1,600 |
1,537 |
1,436 |
1,671 |
|
Recur.
Profit |
|
40 |
36 |
30 |
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Net
Profit |
|
25 |
20 |
19 |
17 |
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Total
Assets |
|
|
1,764 |
1,725 |
1,718 |
|
Current
Assets |
|
|
1,217 |
1,164 |
|
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Current
Liabs |
|
|
1,230 |
1,196 |
|
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Net
Worth |
|
|
390 |
369 |
350 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.10 |
7.03 |
-14.06 |
4.44 |
|
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Current Ratio |
|
.. |
98.94 |
97.32 |
.. |
|
N.Worth Ratio |
.. |
22.11 |
21.39 |
20.37 |
|
|
R.Profit/Sales |
|
2.50 |
2.34 |
2.09 |
.. |
|
N.Profit/Sales |
1.56 |
1.30 |
1.32 |
1.02 |
|
|
Return On Equity |
.. |
5.13 |
5.15 |
4.86 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
UK Pound |
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
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 |
|
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.