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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
MOTOHIRO & CO LTD |
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Registered Office : |
162 Shimotoba-Hiroosacho Fushimiku Kyoto 612-8473 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
March, 1951 |
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Com. Reg. No.: |
1300-01-019098 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of textile yarns, wool; operate restaurant |
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No. of Employees : |
103 |
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 |
COMPANY NAME
MOTOHIRO & CO
LTD
REGD NAME
KK Motohiro
MAIN OFFICE
162 Shimotoba-Hiroosacho Fushimiku Kyoto 612-8473 JAPAN
Tel: 075-611-2195 Fax: 075-612-0976
*.. Registered at: 602 Higashi-Shiokojicho Shimogyoku Kyoto
URL: http//:www.motohiro.co.jp
E-mail: (thru the URL)
ACTIVITIES
Import, export, wholesale of textile yarns, wool; operate restaurant
BRANCHES
Tokyo, Osaka, Shiga, Nara, Monma, Otsu, other (Tot 21)
OVERSEAS
China (7, of which 6 are mfrs), Sydney, Thailand
RESTAURANTS
Kyoto, Osaka, Shiga
OFFICER(S)
TETSUYA MOTOHIRO, PRES
Masa Motohiro, ch
Takemi Motohiro, s/mgn dir
Yen Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 12,536 M
PAYMENTS REGULAR CAPITAL Yen
24 M
TREND STEADY WORTH Yen
3,245 M
STARTED 1951 EMPLOYES 103
COMMENT
TRADING FIRM SPECIALIZING IN TEXTILE YARNS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
MAX CREDIT LIMIT: YEN 450.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1921 by S Motohiro as
a silk material merchant, on his account.
Incorporated in 1951, the firm has been succeeded by his
descendants. Masa is his son and Tetsuya
is grandson, who took the pres office in Dec 2000. This is a trading firm, wholly owned &
operated by the Motohiro family, specializing in import, export and wholesale
of textile yarns, wools, cashmere, other.
Also operates franchise hamburger steak restaurants. Operates 9 overseas subsidiaries: China (6
mfg companies, 1 trading firm), Sydney and Thailand. The firm buys wool in Australia and ships
them to Hong Kong and China for processing into products. About half of the goods are exported.
FINANCIAL
INFORMATION
The sales volume for Dec/2012 fiscal term amounted to Yen 12,536
million, a 5% up from Yen 11,915 million in the previous term. Wool shipment from Australia to Hong Kong and
China increased abruptly. Production at
Chinese factories also rose. Prices of
the silk went up. The recurring profit
was posted at Yen 351 million and the net profit at Yen 181 million,
respectively, compared with Yen 309 million recurring profit and Yen 159
million net profit, respectively, a year ago.
.
For the current term ending Dec 2013 the recurring profit is projected
at Yen 360 million and the net profit at Yen 190 million, respectively, on a 5%
rise in turnover, to Yen 13,100 million.
Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 450.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
1951
Regd No.: 1300-01-019098
(Kyoto-Shimogyoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 192,000 shares
Issued: 48,000 shares
Sum: Yen 24 million
Major shareholders (%): Motohiro Holdings* (21), Masa Motohiro (18),
Tetsuya Motohiro (16), Takemi Motohiro (14)
*.. Holding company owned by the Motohiro family
No. of
shareholders: 9
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports
and wholesales textile yarns, wools, silk, other; operates restaurant chains
(--100%).
Exports (50%)
(Sales by
divisions)
Textile Division: handling
materials, especially wool, for spinning & industrial uses; exports woo
tops worldwide; the firm purchases wool at local auctions in Sydney, Australia,
and process it into wool tops with super wash treatment, and exports to China
as materials for knit sweaters;
Restaurant
Division: operates franchise hamburger steak restaurants & Chinese noodle
restaurants.
Clients: [Mfrs,
wholesalers] Exports (50%), domestically: consumers (35%), Japan Wool Textile,
Kurabo Ind Ltd, Aeon Corp, Ito-Yokado, AMBIC Co, Nippon Fine Chemical, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Shuneider Co, Kurabo Ind, Alef Co, Chuwa Wool, other.
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Kyoto-Chuo)
Mizuho Bank (Fushimi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual Sales |
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13,100 |
12,536 |
11,915 |
9,926 |
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Recur. Profit |
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360 |
351 |
309 |
452 |
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Net Profit |
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190 |
181 |
159 |
225 |
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Total Assets |
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5,705 |
6,133 |
4,710 |
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Current Assets |
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3,734 |
4,120 |
3,935 |
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Current Liabs |
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2,062 |
2,761 |
1,484 |
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Net Worth |
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3,245 |
3,066 |
2,909 |
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Capital, Paid-Up |
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24 |
24 |
24 |
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Div.Ttl Million (¥) |
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3.2 |
1.7 |
1.7 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.50 |
5.21 |
20.04 |
21.84 |
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Current Ratio |
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181.09 |
149.22 |
265.16 |
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N.Worth Ratio |
.. |
56.88 |
49.99 |
61.76 |
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R.Profit/Sales |
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2.75 |
2.80 |
2.59 |
4.55 |
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N.Profit/Sales |
1.45 |
1.44 |
1.33 |
2.27 |
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Return On Equity |
.. |
5.58 |
5.19 |
7.73 |
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Notes: Forecast (or estimated) figures for the 31/12/2013 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.