MIRA INFORM REPORT

 

 

Report Date :

16.07.2013

 

IDENTIFICATION DETAILS

 

Name :

KS TRADING CO LTD

 

 

Registered Office :

Sankyo Bldg 3F, 3-27-1 Shimorenjaku Mitaka City Tokyo-Metrop 181-0013

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2012

 

 

Date of Incorporation :

November  2004

 

 

Com. Reg. No.:

0124-01-014237 (Tokyo-Mitaka)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export, wholesale of dyestuffs, pigment intermediates

 

 

No. of Employees :

3

 

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

 

COMPANY NAME AND ADDRESS

 

KS TRADING CO LTD

REGD NAME:    KS Trading KK

MAIN OFFICE:   Sankyo Bldg 3F, 3-27-1 Shimorenjaku Mitaka City Tokyo-Metrop 181-0013 JAPAN

Tel: 0422-47-4677    

Fax: 0422-47-4674

 

URL:                 http://www.msoho.net/  (Of Mitaka City SOHO Office network)

E-Mail address: kst@mitaka.ne.jp

 

ACTIVITIES:     Import, export, wholesale of dyestuffs, pigment intermediates

BRANCHES:     Nil

 

OFFICER(S):     KUNIAKI SAWANOBORI, PRES

                        Yoriko Sawanobori, dir

                        Yoshiaki Sawanobori, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY:       FINANCES        R/WEAK           A/SALES          Yen 282 M

                        PAYMENTS      REGULAR         CAPITAL           Yen 10 M

                        TREND             SLOW              WORTH                        Yen 33 M

                        STARTED         2004                 EMPLOYES      3

 

COMMENT:       TRADING FIRM SPECIALIZING IN DYESTUFFS & PIGMENTS INTERMEDIATES.        

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

                       

                        MAX CREDIT LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS.

 

HIGHLIGHTS:

           

The subject company was established by Kuniaki Sawanobori in order to make most of his experience in foreign trading.  This is a family-based trading firm, owned & operated by the Sawanobori family, specializing in import and wholesale of pigments, dyestuffs intermediates, etc.  About 70% of the goods are imported from India, other from Korea, Taiwan, China, Thailand, etc.  Also exports to India, Hong Kong, Korea, Taiwan, Vietnam, Thailand, other.  Synthetic dyestuffs are for use in foods, medical & pharmaceuticals.

 

FINANCIAL INFORMATION:

 

            The sales volume for Jun/2012 fiscal term amounted to Yen 282 million, a 34% up from Yen 210 million in the previous term.  Prices of some of the products were up and increased the sales amount in Yen terms.  The net profit was posted at Yen 8 million, a sharp rise from Yen 2 million net profit a year ago.

 

For the term that ended Jun 2013 the net profit was projected at Yen 10 million, on a #5 rise in turnover, to Yen 290 million.  Final results are yet to be released. 

           

            Financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 5.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered: Nov 2004

Regd No.:       0124-01-014237 (Tokyo-Mitaka)

Legal Status:     Limited Company (Kabushiki Kaisha)

Authorized:        800 shares

Issued:               200 shares

Sum:                  Yen 10 million

Major shareholders (%): Kuniaki Sawanobori (100)

 

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

 

 

OPERATION:

 

Activities: Imports, exports and wholesales synthetic dyestuffs, organic pigments, dyestuffs intermediates, chemicals, foodstuffs, quasi drugs, others (--100%).

 

About 30% of the goods are imported from India.

 

 

Clients: [Mfrs, wholesalers] Meisei Chemical Works, OG Corp, other.

Exports to Korea, India, Hong Kong, Taiwan, Vietnam, Thailand, other.

No. of accounts: 50 (steady clients)

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from India (30%), Korea, Taiwan, Hong Kong, China, Thailand, other.

Also from Chijiki Dyestuff Ind, and some other domestic suppliers for exports.

 

Payment record: Regular

 

Location: Business area in Mitaka City, Tokyo-Metrop.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Tama Shinkin Bank (Mitaka-Ekimae)

Mizuho Bank (Mitaka)

Relations: Satisfactory

 

FINANCES

 ( In Million Yen)

 

Terms Ending:

　

30/06/2013

30/06/2012

30/06/2011

30/06/2010

Annual Sales

　

290

282

210

201

Recur. Profit

　

　

..

..

..

Net Profit

　

10

8

2

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

33

25

23

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.84

34.29

4.48

-2.43

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.45

2.84

0.95

0.50

 

Notes: Financials are only partially disclosed.

Forecast figures (or estimated) for the 30/06/2013 fiscal term.

 

 

 

 

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.