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Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
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Name : |
NISSHOKU GROUP INC |
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Registered Office : |
573-1 Takao Tsuyama Okayama-Pref 708-0876 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
January, 1981 |
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Com. Reg. No.: |
2600-01-020114 |
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Legal Form : |
Limited Company |
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Line of Business : |
Holding company of 4 major subsidiaries |
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No. of Employees : |
31 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
COMPANY NAME
NISSHOKU GROUP INC
REGD NAME
KK Nihon Shokusei Group Honsha
MAIN OFFICE
573-1 Takao Tsuyama Okayama-Pref 708-0876 JAPAN
Tel: 0868-28-5522 Fax: 0868-28-4765
*.. The is of its subsidiary, Tesac Corp, and the subject firm does not
have any office thereat
URL: Error!
Hyperlink reference not valid.
E-Mail address: (thru the URL)
ACTIVITIES
Holding company of 4 major subsidiaries
BRANCHES
Osaka
OFFICERS
KAZUMASA SHIBATA, PRES Yasuo
Nagaoka, mgn dir
Akihiro Tani, dir Hiroshi
Shibata, dir
Akinori Shibata, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,097 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 100 M
TREND SLOW WORTH Yen 19,373 M
STARTED 1981 EMPLOYES 31
COMMENT
HOLDING COMPANY OF 4 MAJOR SUBSIDIARIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 66.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tadashi Shibata in order to make
most of his experience in the subject line of business. Present executives are his descendants. This is a holding company of 4 major
subsidiaries in the line of industrial machinery, soy beans, fertilizers,
other.
FINANCIAL
INFORMATION
The sales volume for Mar/2013 fiscal term amounted to Yen 1,097 million,
a 15% down from Yen 1,295 million in the previous term. Sales declined, as exports decreased
substantially. The recurring profit was
posted at Yen 84 million and the net profit at Yen 73 million, respectively,
compared with Yen 117 million recurring profit and Yen 99 million net profit,
respectively, a year ago.
For the current term ending Mar 2014 the recurring profit is projected
at Yen 90 million and the net profit at Yen 80 million, respectively, on a 5%
rise in turnover, to Yen 1,150 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 66.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 1981
Regd No.: 2600-01-020114
(Okayama-Tsuyama)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800,000 shares
Issued:
200,000 shares
Sum: Yen
100 million
Major shareholders (%): Kazumasa Shibata (23), Employees’
S/Holding Assn (21), Osaka Small & Medium Business Promotion &
Investment (15)
No. of
shareholders: 104
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Holding company
of 4 major subsidiaries: Nisshoku Corp, Nisshoku Agri Corp, Tesac Corp,
Nisshoku Field Systems Corp, with about 10 subsidiaries under them (--100%)
Clients: [Mfrs,
wholesalers] Nisshoku Corp, Nisshoku Field Systems Corp, Nisshoku Agri Corp,
Tesac Corp, other
No. of accounts: 100
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from China, other
Payment record: No Complaints
Location: Business area in
Tsuyama, Okayama-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Chugoku Bank (Kume)
SMBC (Okayama)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual Sales |
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1,150 |
1,097 |
1,295 |
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Recur. Profit |
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90 |
84 |
117 |
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Net Profit |
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80 |
73 |
99 |
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Total Assets |
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19,588 |
19,539 |
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Current Assets |
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5,217 |
5,258 |
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Current Liabs |
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75 |
75 |
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Net Worth |
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19,373 |
19,331 |
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Capital, Paid-Up |
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100 |
100 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.83 |
-15.29 |
-48.20 |
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Current Ratio |
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6,956.00 |
7,010.67 |
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N.Worth Ratio |
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98.90 |
98.94 |
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R.Profit/Sales |
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7.83 |
7.66 |
9.03 |
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N.Profit/Sales |
6.96 |
6.65 |
7.64 |
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Return On Equity |
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0.38 |
0.51 |
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Notes: Forecast (or estimated) figures for the 31/03/2014 fiscal term.
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.