MIRA INFORM REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Name :

KOSEI INDUSTRIES LTD

 

 

Registered Office :

1250-11 Aobacho Chuoku Chiba 260-0852

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

December 1975

 

 

Com. Reg. No.:

0400-01-011672 (Chiba-Chuoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of commercial-use charcoal grillers

 

 

No. of Employees :

11

 

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 :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

KOSEI INDUSTRIES LTD

 

REGD NAME 

 

Kosei Kogyo KK

 

 

MAIN OFFICE

 

1250-11 Aobacho Chuoku Chiba 260-0852 JAPAN

Tel: 043-305-1212      Fax: 043-305-1222

                                               

URL:                             http://www.koseikogyou.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Mfg of commercial-use charcoal grillers

 

 

BRANCHES

 

Tokyo, Fukuoka

 

 

FACTORIES

 

Chiba

 

 

OFFICERS

 

JIRO SUYAMA, PRES                                                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        R/WEAK                       A/SALES          Yen 140 M

PAYMENTS      No Complaints          CAPITAL           Yen 10 M

TREND SLOW                          WORTH            Yen 60 M

STARTED         1975                             EMPLOYES      11

 

 

COMMENT

 

MFR OF COMMERCIAL-USE CHARCOAL GRILLERS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Jiro Suyama in order to make most of his experience in the subject line of business.  This is a specialized mfr, owned and operated by the Suyama family, of commercial-use charcoal grillers; all-round charcoal grillers, yakitori (barbecued chicken) grillers, other.  Clients include restaurants, hotels, grill stores, kitchen equipment makers, other.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed in rounded-off numbers.

 

The sales volume for Jun/2011 fiscal term is estimated amounted to Yen 140 million, a similar amount in the previous term.  The net profit was posted at Yen 2 million, similarly in the previous term.  Precise figures are not disclosed.

 

For the current term ending Jun 2012 the net profit is projected at Yen 2 million, on a 4% rise in turnover, to Yen 145 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. 

 

 

REGISTRATION

 

Date Registered:            Dec 1975

Regd No.:         0400-01-011672 (Chiba-Chuoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

 

Major shareholders (%): Jiro Suyama (80), Fumiko Suyama (20)

 

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures commercial-use charcoal grillers: all-round charcoal grillers, yakitori (barbecued chickens) grillers, other (--100%).

 

Clients: [Restaurants, mfrs] Tokyo Gas Co, Tanico Co, Maruzen Co, Hoshizaki Co, SW Kitchen Techno Corp, Fujimak Corp, Endo Shoji Co, Sugico Sangyo Co, other

Exports to China, other S/E Asia to Japanese restaurants, other

            No. of accounts: 200

            Domestic areas of activities: Nationwide

 

Suppliers: Kitchen instruments & equipment makers, other

 

Payment record: No Complaints

 

Location: Business area in Chiba.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Keiyo Bank (Matsugaoka)

Chiba Bank (Anegasaki)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

　

　

30/06/2012

30/06/2011

30/06/2010

30/06/2009

Annual Sales

　

145

140

140

140

Recur. Profit

　

　

　

　

　

Net Profit

　

2

2

2

2

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

60

58

56

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.57

0.00

0.00

33.33

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.38

1.43

1.43

1.43

 

Notes: Financials are only partially disclosed in rounded-off numbers only

Forecast (or estimated) figures for the 30/06/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.84

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.