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Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
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Name : |
KOYO TRADING INC |
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Registered Office : |
Daiko Bldg 7F, 2-12-8 Tsukiji Chuoku Tokyo 104-0045 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
Oct 1986 |
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Com. Reg. No.: |
0100-01-043866 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales overall marine products,
sushi materials, related items and Japanese foods. |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
COMPANY NAME
KOYO TRADING INC
REGD NAME
Koyo Boeki KK
MAIN OFFICE
Daiko Bldg 7F, 2-12-8
Tsukiji Chuoku Tokyo 104-0045 JAPAN
Tel:
03-3542-1511 Fax: 03-3542-1512
URL: http://www.koyotrading.co.jp
E-Mail
address: info@koyotrading.co.jp
ACTIVITIES
Import,
export, wholesale of marine products, sushi materials, other
LICENSES
Liquor
sales (License No. Kyo-Sake 243)
Trading Nankai Ama Ebi (shrimp)
(Registration No. 4906557).
BRANCHES
Nil
OVERSEAS
China,
Indonesia
FACTORIES
China,
Indonesia (3) (--processing & seawater cultivation)
OFFICERS
SHUNZO
YAGI, PRES Hidefumi
Takahashi, dir
Chinatsu
Yagi, dir Tatsuya Fujishiro, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 2,179 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 15 M
TREND SLOW WORTH Yen (-) 14 M
STARTED 1986 EMPLOYES 8
COMMENT
TRADING FIRM SPECIALIZING IN MARINE PRODUCTS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN (-) 3.7 MILLION, 30 DAYS, RECOMMENDING
SECURED TERMS ON NEW
TRANSACTIONS
HIGHLIGHTS
The subject company was established by Shunzo Yagi in order
to make most of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of marine products (processed & cooked), sushi materials,
Japanese foods, other (See OPERATION). Operates four processing yards overseas:
China & Indonesia (3), where seawater cultivation is conducted). Exports to USA, Canada, Indonesia, India,
Hong Kong, Singapore, EU, other.
FINANCIAL INFORMATION
The sales volume for Mar/2012 fiscal term amounted to Yen
2,179 million, a 7% up from Yen 2,038 million in the previous term. The operations came back to profitability to
post Yen 26 million recurring profit and Yen 7 million net profits,
respectively, compared with Yen 47 million recurring loss and Yen 89 million
net losses, respectively, a year ago.
For the term that ended Mar 2013 the recurring profit was
projected at Yen 30 million and the net profit at Yen 20 million, respectively,
on a 1% rise in turnover, to Yen 2,200 million.
Sales were contributed by the brisk exports. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen (-) 3.7 million, on 30 days,
recommending secured terms on new transactions.
REGISTRATION
Date Registered: Oct 1986
Regd No.: 0100-01-043866
(Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,200 shares
Issued:
300 shares
Sum: Yen
15 million
Major shareholders (%): Shunzo
Yagi (43), Hidefumi Takahashi (24), Hiroko Yagi (14), Tetsuro Yagi (7),
Chinatsu Yagi (6), Toshio Toi (3)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales
overall marine products, sushi materials, related items and Japanese foods
(98%, shoes, bags, others (--2%)
(Handling Items):
Imports: frozen sushi materials like raw peeled
butterfly shrimp (Nankai Ama Ebi), prepared flying fish roe (Nankai-tobiran), whelk
shellfish slices, white cockle, conger eel, vinegared Spanish mackerel, other;
Exports: frozen fish such as yellowtail, tune,
various fish species, Japanese dry foods like soy sauce, miso, sake, wasabi,
vinegar, seasoning, other.
Clients: [Mfrs, wholesalers] Marine Foods, FFC,
Ocean Fresh Fish, New York Fish, Okura Co Ltd, Kyokuyo Co (trading division),
Tatsuhiro Shoji, other.
Exports to USA, Canada,
Indonesia, India, Hong Kong, Singapore, Near/Middle East, EU, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
China, Indonesia, other
Domestically: Toyo Reizo Co,
Onsui Co, Dainichi Co, other
Payment record: Slow
but correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Tsukiji)
MUFG
(Ginza)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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2,200 |
2,179 |
2,038 |
2,028 |
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Recur.
Profit |
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30 |
26 |
-47 |
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Net
Profit |
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20 |
7 |
-89 |
1 |
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Total
Assets |
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609 |
701 |
897 |
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Current
Assets |
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603 |
694 |
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Current
Liabs |
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440 |
592 |
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Net
Worth |
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-14 |
-21 |
68 |
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Capital,
Paid-Up |
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15 |
15 |
15 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.96 |
6.92 |
0.49 |
4.21 |
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Current Ratio |
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137.05 |
117.23 |
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N.Worth Ratio |
.. |
-2.30 |
-3.00 |
7.58 |
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R.Profit/Sales |
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1.36 |
1.19 |
-2.31 |
.. |
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N.Profit/Sales |
0.91 |
0.32 |
-4.37 |
0.05 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 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 |
-- |
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.