|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHIN HIROSE
SHOJI CORPORATION |
|
|
|
|
Registered Office : |
4133-2 Hongo Tachiaraimachi Miigun |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.07.2011 |
|
|
|
|
Date of Incorporation : |
Jan
2006 |
|
|
|
|
Com. Reg. No.: |
2900-01-050825
(Fukuoka-Miigun-Tachiarai) |
|
|
|
|
Legal Form : |
Limited
Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Mfg
of food containers |
|
|
|
|
No. of Employees : |
31 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
Litigation : |
Clear |
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 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SHIN HIROSE SHOJI CORPORATION
REGD NAME: Shin
Hirose Shoji KK
MAIN OFFICE: 4133-2
Hongo Tachiaraimachi Miigun Fukuoka-Pref 830-1211
Tel:
0942-77-3000 Fax: 0942-77-3939
URL: http://www.hirose-cm.co.jp/
E-mail: royalweb@hirose-cm.co.jp
Mfg of
food containers
Tokyo
At the
caption address
Qingdao
(3), Langfang, Yantai (--China), Vietnam
SHIGETAKA
HIROSE, PRES Masashi Kawakami, rep dir
Ikuo
Maruyama, dir Takashi
Hirose, dir
Norio
Yoshiki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 606 M
PAYMENTS REGULAR CAPITAL Yen 43 M
TREND SLOW WORTH Yen 58 M
STARTED 2006 EMPLOYES 31
MFR OF
PLASTIC FOOD CONTAINERS
FINANCIAL SITUATION CONSIDERED RATHER
WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS, AND GOOD FOR CREDIT
ENGAGEMENTS: US$500,000 / O/A 120 DAYS
The subject
company was established on the basis of succession of business operations of KK
Marx, mfr of food containers, founded 1966, to engage in mfg of plastic food
containers. This is a specialized mfr of
plastic food containers: plastic bowl covers, injection plate, glass cover,
food preserving containers, other. Goods
are manufactures at subsidiary makers in China (5), Taiwan, Vietnam and other
subcontracted makers overseas. Goods are
also exported to China, other S/E Asian countries.
Financials
are only partially disclosed.
The sales volume for Jul/2011
fiscal term amounted to Yen606 million, an almost similar amount in the
previous term. Demand remained
steady. The higher Yen hurt export
earnings & profits. The net profit
was posted at Yen 1 million, similarly in the previous term.
For the
current term ending Jul 2012 the net profit is projected at Yen 1 million, on a
4% rise in turnover, to Yen 630 million.
Demand picking up. Production in
overseas is increasing.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. The proposed
amount for 120 days terms is considered within the firm’s financial capacities.
Date Registered: Jan
2006
Regd No.: 2900-01-050825
(Fukuoka-Miigun-Tachiarai)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 17,200 shares
Issued: 4,300 shares
Sum: Yen 43 million
Major shareholders (%): D E
Co (46.5), Kenzo Anai (37.2), Ikuo Sonoyam (9.3),
Shigetaka
Hirose (7.0)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures plastic food containers:
injection plate, injection tub, PSP tub, glass cover, bowl cover, food
preserving container, plastic raw materials, other (--100%).
Goods are both imported from and
exported to China, Taiwan, Vietnam and other S/E Asian markets
Clients: [Mfrs, wholesalers] Hinode Corp,
Asahi Shokuhin Youki, Yamada Suisan (seafoods), Giken Kasei Co, Food Box Co,
Restaurant Express, other
No. of accounts: 300
Domestic
areas of activities: Centered in Kyushu
Suppliers
[Mfrs, wholesalers] Imports from China, Taiwan, Vietnam, other
Payment record:
Regular
Location:
Business area in Fukuoka. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Yamaguchi
Bank (Kurume)
MUFG
(Kurume)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
|
Annual
Sales |
|
630 |
606 |
600 |
696 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
1 |
1 |
1 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
58 |
57 |
56 |
|
Capital,
Paid-Up |
|
|
43 |
43 |
43 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.96 |
1.00 |
-13.79 |
-1.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.16 |
0.17 |
0.17 |
0.14 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/07/2012 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.