MIRA INFORM REPORT

 

 

Report Date :

10.12.2013

 

IDENTIFICATION DETAILS

 

Name :

KOYO DISPOSABLE GOODS LTD

 

 

Registered Office :

1-11-21 Fukuura Kanazawaku Yokohama 236-0004

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2013

 

 

Date of Incorporation :

May 1973

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of disposable paper diapers for adults and also supplies foods for hospital restaurants, tea rooms

 

 

No. of Employees :

350

 

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 :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

KOYO DISPOSABLE GOODS LTD

 

 

REGD NAME 

 

KK Koyo

 

 

MAIN OFFICE

 

1-11-21 Fukuura Kanazawaku Yokohama 236-0004 JAPAN

 

Tel: 045-701-2210      Fax: 045-785-3737

 

URL:                 www.koyo-diapers.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Mfg of disposable paper diaper for adults

 

 

BRANCHES

           

Osaka, Nagoya, Saitama, Sendai, Kumamoto, other (Tot 19)

 

 

OVERSEAS   

 

Paris

 

 

FACTORIES

           

At the caption address, Shizuoka, Fukui

 

OFFICERS

 

KATSUMASA TAKAGI, PRES                Isamu Ishii, mgn dir

Katsumasa Takagi, dir                Hideko Takagi, dir

Takeo Suzuki, dir                                   Akira Suyama, dir         

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                 A/SALES          Yen 36,100 M

PAYMENTS      REGULAR         CAPITAL           Yen 96 M

TREND             UP                    WORTH            Yen 5,700 M

STARTED                     1973                 EMPLOYES      350

 

 

COMMENT    

 

MFR OF DISPOSABLE PAPER DIAPERS FOR ADULTS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by Katsumasa Takagi in order to make most of his experience in the subject line of business.  This is a specialized mfr of disposable paper diapers for adults.  It also supplies foods for hospital restaurants, tea rooms, other.  It has an office in Paris.  Clients are hospitals, university hospitals, government agencies, homes/institutes for the aged, other

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Feb/2013 fiscal term amounted to Yen 36,100 million, an 8% up from Yen 33,500 million in the previous term.  Sales were robust amid the increasing number of aged/elderly persons in Japan.  The net profit was posted at Yen 890 million, compared with Yen 740 million a year ago.

 

For the current term ending Feb 2014 the net profit is projected at Yen 900 million, on a 5% rise in turnover, to Yen 38,000 million.  The business is seen expanding steadily.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

REGISTRATION

 

Date Registered:             May 1973

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         768,000 shares

Issued:                192,000 shares

Sum:                   Yen 96 million

Major shareholders (%):  Katsumasa Takagi and families (--100)

No. of shareholders:  7

 

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

 

 

OPERATION

           

Activities: Manufactures disposable paper diapers for adults, supplies hospital foods, others (--100%)

 

Clients: National hospitals, university hospitals, municipal offices, homes for aged, government agencies, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Nippa Co, KK Shinko, Oji Paper Co, Japan Pulp & Paper Co, Toray Ind, Nippon Shokubai Co, other

 

Payment record: Regular

 

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

 

Bank References:

MUFG (Kami-O’oka)

SMBC (Yokohama-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

28/02/2014

28/02/2013

29/02/2012

28/02/2011

Annual Sales

　

38,000

36,100

33,500

29,700

Recur. Profit

　

..

..

..

..

Net Profit

　

900

890

740

470

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

5,700

4,810

4,070

Capital, Paid-Up

　

　

96

96

96

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.26

7.76

12.79

20.24

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

2.37

2.47

2.21

1.58

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 28/02/2014 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.79

UK Pound

1

Rs.100.01

Euro

1

Rs.83.82

 

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.