|
Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
YOSHINO KOGYOSHO CO LTD |
|
|
|
|
Registered Office : |
3-2-6 Ojima
Kotoku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.05.2011 |
|
|
|
|
Date of Incorporation : |
June
1948 |
|
|
|
|
Com. Reg. No.: |
0106-01-006939
(Tokyo-Kotoku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of plastic containers, caps, hanger |
|
|
|
|
No. of Employees : |
3299 |
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
YOSHINO KOGYOSHO CO LTD
Yoshino Kogyosho
KK
3-2-6 Ojima Kotoku
Tokyo 136-0072 JAPAN
Tel:
03-3682-1141 Fax: 03-5609-7333
URL: http://www.yoshinokogyosho.co.jp
E-Mail address: info@yoshinokogyosho.co.jp
Mfg of
plastic containers, caps, hanger, other
Nil
At the
caption address, Osaka, Matsudo, Ichikawa, Gunma, other (Tot 19)
Chicago,
Thailand (-- mfg plants)
SHOICHIRO
YOSHINO, PRES Tamotsu
Toyota, mgn dir
Yasuo
Yoshino, dir Nobusuke
Fujiwara, dir
Makoto
Mugikura, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 202,862 M
PAYMENTS REGULAR CAPITAL Yen 432 M
TREND SLOW WORTH Yen 14,500 M
STARTED 1948 EMPLOYES 3,299
MFR OF PLASTIC PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$20,000,000 / O/A 90 DAYS.
The subject company was established originally in 1935 by grand father of Shoichiro Yoshino for making cork, on his account. Incorporated in 1948 the firm has been succeeded by his descendants. Shoichiro took the pres office in Dec 1997. This is a specialized mfr of plastic containers, bottles, caps, hangers, vessels, dusters, other. Has two overseas factories: Chicago and Thailand. Domestic clients include cosmetics mfrs, food processors, chemical makers, pharmaceutical makers, other, nationwide.
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for May/2011 fiscal term amounted to Yen 202,862
million, a 0.7% down from Yen 204,299 million in the previous term. Production was hurt by the Earthquake that
occurred in Mar 2011 (5 factories in the quake-stricken area). Exports were hurt by the high Yen, reducing
earnings & profits in Yen terms. The
net profit is believed posted at Yen 1,350 million, compared with Yen 1,400
million a year ago. Net profits are not
precisely disclosed and only estimated.
For the current term ending May 2012 the net profit is projected at Yen
1,400 million, on a 3% rise in turnover, to Yen 208,000 million. Business is recovered and is seen steadily
expanding.
The financial situation is considered FAIR to GOOD and good for ORDINARY
business engagements.
Date Registered: Jun
1948
Regd No.: 0106-01-006939 (Tokyo-Kotoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3.4 million shares
Issued: 864,000 shares
Sum: Yen 432 million
Major shareholders (%): Shoichiro Yoshino &
families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
plastic & PET bottles, containers, caps, hangers, vessels, other for
application to: food, cosmetics, pharmaceutical, chemical, detergent, other
industries (--100%).
(Mfg technologies): injection
molding, direct blow molding, PET bottles, tube molding, food containers
(thermo forming molding), pump spray, cosmetic containers, other.
Clients: [Mfrs,
wholesalers] Shiseido Corp, Kose Corp, Pola Corp, P&G Max Factor, Menard
Japan, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] MCT PET Resin Co, Mitsubishi Chemical Corp, Sojitz Pla-Net Corp,
Yoshino America Corp, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Mizuho
Bank (Kameido)
Norin
Chukin Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
|
Annual
Sales |
|
208,000 |
202,862 |
204,299 |
202,704 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
1,400 |
1,350 |
1,400 |
1,350 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
14,500 |
13,400 |
12,000 |
|
Capital,
Paid-Up |
|
|
432 |
432 |
432 |
|
Div.P.Share(¥) |
|
|
25.00 |
25.00 |
25.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.53 |
-0.70 |
0.79 |
-4.69 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.67 |
0.67 |
0.69 |
0.67 |
|
Notes:
Financials are only partially disclosed.
Profits are not disclosed and estimated only.
Forecast
(or estimated) figures for the 31/05/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.68 |
|
UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
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 |
|
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.