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Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HOSOYAMA NEKKI CO LTD |
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Registered Office : |
2-8-7 Nihombashi-Kayabacho Chuoku Tokyo
103-0025 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
January 1952 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 056807 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of hot water
boiler |
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No. of Employees : |
63 |
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) |
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Japan |
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 |
HOSOYAMA NEKKI CO LTD
Hosoyama Nekki KK
(Nekki means heat exchanger)
2-8-7 Nihombashi-Kayabacho
Chuoku Tokyo 103-0025 JAPAN
Tel:
03-3249-0331 Fax: 03-3249-0829
URL: www.hosoyama.co.jp
E-mail: info@hosoyama.co.jp
Mfg of
hot water boiler
Sapporo,
Osaka, Fukuoka Niigata, Sendai
Urayasu
(2)
KIN’YA
HOSOYAMA, PRES Kisaburo Hosoyama ch
Norio
Yumoto, dir Isao
Akitsuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 898 M
PAYMENTS No
Complaints CAPITAL Yen 60 M
TREND SLOW WORTH Yen 2,149 M
STARTED 1952 EMPLOYES 63
MFR OF
HOT WATER BOILER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 60 DAYS
The subject company was established by Reikichi Hosoyama originally in
1917 for making hot water boilers, on his account. Incorporated in 1952 the firm has been
succeeded by his descendants. Kin’ya
Hosoyama took the pres office in 2005.
This is a specialized & contracted mfr of gas-storage type hot water
boiler for drinking water. Client is
exclusively Tokyo Gas Co Ltd.
The sales volume for Dec/2011 fiscal term amounted to Yen 898 million, an almost similar amount in the previous term. The recurring profit was posted at Yen 64 million and the net profit at Yen 41 million, respectively, compared with Yen 94 million recurring profit and Yen 56 million net profit, respectively, a year ago. .
For the current term that ending
Dec 2012 the recurring profit is projected at Yen 65 million and the net profit
at Yen 45 million, respectively, on a 4% rise in turnover, to Yen 930
million. Business is steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 51.5 million, on 30 days normal terms. The proposed amount for 60 days terms is considered well within the firm’s financial capabilities.
Date Registered: Jan 1952
Regd No.: (Tokyo-Chuoku) 056807
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 480,000
shares
Issued: 120,000
shares
Sum: Yen 60 million
Major shareholders (%): Kin’ya Hosoyama (33), Kisaburo
Hosoyama (23), Company’s Treasury Stock (20), Hosoyama Service Co (13)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
gas-storage type hot water boilers for drinking water (100%)
Clients: [City gas co]
Tokyo Gas Co Ltd
No. of accounts: 1
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Inoue Kinzoku Kogyo, Urai Seisakusho, Miyuki Controls Sales Co,
Yamatake Corp, Time Engineering Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Mizuho
Bank (Fukagawa)
MUFG
(Fukagawa)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
|
930 |
898 |
890 |
861 |
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Recur.
Profit |
|
65 |
64 |
94 |
43 |
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Net
Profit |
|
45 |
41 |
56 |
30 |
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Total
Assets |
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2,262 |
2,247 |
2,187 |
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Current
Assets |
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1,874 |
1,851 |
1,787 |
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Current
Liabs |
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113 |
134 |
126 |
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Net
Worth |
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2,149 |
2,112 |
2,061 |
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Capital,
Paid-Up |
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|
60 |
60 |
60 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.56 |
0.90 |
3.37 |
-14.16 |
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Current Ratio |
|
.. |
1,658.41 |
1,381.34 |
1,418.25 |
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N.Worth Ratio |
.. |
95.00 |
93.99 |
94.24 |
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R.Profit/Sales |
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6.99 |
7.13 |
10.56 |
4.99 |
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N.Profit/Sales |
4.84 |
4.57 |
6.29 |
3.48 |
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Return On Equity |
.. |
1.91 |
2.65 |
1.46 |
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Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
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UK Pound |
1 |
Rs.86.11 |
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Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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NB |
New Business |
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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.