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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
KOHSEI CO LTD |
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Registered Office : |
Kohsei Bldg, 1-11 Nihombashi-Kobunacho Chuoku Tokyo 103-0024 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April 1979 |
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Com. Reg. No.: |
0100-01-043180 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of nonferrous metal products |
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No. of Employees : |
65 employees |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong
work ethic, mastery of high technology, and a comparatively small defense
allocation (1% of GDP) helped Japan develop a technologically advanced economy.
Two notable characteristics of the post-war economy were the close interlocking
structures of manufacturers, suppliers, and distributors, known as keiretsu,
and the guarantee of lifetime employment for a substantial portion of the urban
labor force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001, and
third-place India, which edged out Japan in 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy.
|
Source : CIA |
KOHSEI CO LTD
KK Kohsei
Kohsei Bldg, 1-11
Nihombashi-Kobunacho Chuoku Tokyo 103-0024JAPAN
Tel:
03-5652-0844
Fax: 03-5652-0845
E-Mail address: traffic@kohsei.co.jp
Import, export, wholesale of nonferrous
metal products
Hikari
(Yamaguchi)
Vietnam,
Korea, Philippines
Kitakyushu;
Philippines
MITSUTOYO
KOMATANI, PRES
Toshinari
Sumi, dir
Fumiteru
Sugano, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 21,322 M
PAYMENTS No
Complaints CAPITAL Yen 102 M
TREND SLOW WORTH Yen 3,267 M
STARTED 1979 EMPLOYES 65
TRADING FIRM SPECIALIZING IN NONFERROUS METAL SCRAPS.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established by Mitsutoyo Komatani in order to make most of his experience in the subject line of business. This is a trading firm, with mfg division, owned by Komatani family, for import, export and wholesale of nonferrous metal products, such as chlorides, oxides, sulfides, other. Goods are imported from USA, UK, China, Africa, other. Operates wholly-owned subsidiaries in: Vietnam, Korea and Philippines. Clients include major nonferrous metal mfrs, nationwide.
The sales volume for Mar/2012 fiscal term amounted to Yen
21,322 million, an 8% down from Yen 23,065 million in the previous term. Exports were hurt by the high Yen, decreasing
revenues in Yen terms. The recurring profit
was posted at Yen 254 million and the net profit at Yen 188 million,
respectively, compared with Yen 217 million recurring profit and Yen 89 million
net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is
projected at Yen 260 million and the net profit at Yen 200 million,
respectively, on a 3% rise in turnover, to Yen 22,000 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Apr 1979
Regd No.: 0100-01-043180 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
820,000 shares
Issued:
205,000 shares
Sum: Yen 102,500 million
Major shareholders (%): Mitsuyoto Komatani (68),
Shin’ichi Hara (7), Toshinari Sumi (7), Employees’ S/Holding Assn (3)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales nonferrous special metal products: chlorides, oxides, sulfides, also mfrs flexible container bags at a wholly-owned subsidiary, Phil Kohsei Corp, and import them, other (--100%).
Clients: [Mfrs, wholesalers] IHI Master Metal Co, Sumitomo Metal Ind, Shin-Etsu Chemical Co, Daido Metal, TDK, Hitachi Metal Ind, other,
Exports to China, S/E Asia, other (20%)
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from USA, UK, China, Africa, Philippines, other.
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Yokoyamacho)
Resona
Bank (Nihombashi)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
22,000 |
21,322 |
23,065 |
19,367 |
|
Recur.
Profit |
|
260 |
254 |
217 |
83 |
|
Net
Profit |
|
200 |
188 |
89 |
27 |
|
Total
Assets |
|
|
12,819 |
13,320 |
13,675 |
|
Current
Assets |
|
|
9,416 |
10,015 |
10,292 |
|
Current
Liabs |
|
|
7,722 |
7,186 |
6,988 |
|
Net
Worth |
|
|
3,267 |
3,079 |
2,989 |
|
Capital,
Paid-Up |
|
|
102 |
102 |
102 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.18 |
-7.56 |
19.09 |
-47.02 |
|
|
Current Ratio |
|
.. |
121.94 |
139.37 |
147.28 |
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N.Worth Ratio |
.. |
25.49 |
23.12 |
21.86 |
|
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R.Profit/Sales |
|
1.18 |
1.19 |
0.94 |
0.43 |
|
N.Profit/Sales |
0.91 |
0.88 |
0.39 |
0.14 |
|
|
Return On Equity |
.. |
5.75 |
2.89 |
0.90 |
|
Notes: Forecast (or estimated) figures for the
31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.82 |
|
UK Pound |
1 |
Rs.87.99 |
|
Euro |
1 |
Rs.72.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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 |
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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 |
|
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 |
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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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.