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Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
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Name : |
KYOEI HYDLIC CO LTD |
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Registered Office : |
7-7-14 Takadono Asahiku Osaka 535-0031 |
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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.: |
1200-01-000354 (Osaka-Asahiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of hoses, joints,
pipes |
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No. of Employees : |
18 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 |
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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 |
KYOEI HYDLIC CO LTD
Kyoei Hydlic KK
7-7-14 Takadono
Asahiku Osaka 535-0031 JAPAN
Tel:
06-6957--2111
Fax: 06-6957-4111
URL: http://www.kyoei-hyd.com/
E-Mail address: info@kyoei-hyd.com
Mfg of
hoses, joints, pipes
Osaka,
Fukuoka
At the
caption address, Izumisano City (Osaka)
Takeshi
Takekoshi, ch
DAITATSU
TAKEKOSHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 521 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
63 M
STARTED 1979 EMPLOYES 18
MFR OF
HOSES, JOINTS, PIPES, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Takeshi Takekoshi in order to make most of his experience in the subject line of business. Started as a trading firm for import, export and wholesale of hoses, joints, pipes, etc, and later when own factory was established in Jun 2007, switched to mfg of these products, while trading division working actively. Goods are widely exported.
The sales volume for Mar/2012 fiscal term amounted to Yen 5521 million, an 8% up from Yen 484 million in the previous term. Exports rose. The net profit was posted at Yen 5 million, compared with Yen 3 million a year ago.
For the current term ending Mar 2013 the net profit is projected at Yen 7 million, on a 3% rise in turnover, to Yen 535 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Apr
1979
Regd No.: 1200-01-000354 (Osaka-Asahiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Takeshi Takekoshi (42),
Ken’ichiro Takekoshi (38), Daitatsu Takekoshi (20)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures, exports, imports and wholesales hoses (high-pressure rubber hoses, Teflon hoses, others), metal joints, joints systems, metal parts, pipes, piping systems, resin products, industrial rubber products, others (--100%).
Clients: [Mfrs, wholesalers] Nangoku Flexible Hose Ind (6.3%), Murata Shokai (6.7%), Kuriyama Molding (5%), Osaka Rasenkan Kogyo (5%)
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Kyoei Sangyo
(43%), Sanwa Seiko (6.2%), Shinei Kogyo (8%), Takahashi Yuatsu
Kogyo (7%), other
Payment record:
Regular
Location: Business area in Osaka. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
Taisho
Bank (Morikoji)
Resona
Bank (Miyakojima)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
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Annual
Sales |
|
535 |
521 |
484 |
404 |
|
Recur.
Profit |
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Net
Profit |
|
7 |
5 |
3 |
2 |
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Total
Assets |
|
|
606 |
576 |
567 |
|
Current
Assets |
|
|
274 |
249 |
|
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Current
Liabs |
|
|
104 |
114 |
|
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Net
Worth |
|
|
63 |
58 |
55 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
2.69 |
7.64 |
19.80 |
-1.46 |
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Current Ratio |
|
.. |
263.46 |
218.42 |
.. |
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N.Worth Ratio |
.. |
10.40 |
10.07 |
9.70 |
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|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
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N.Profit/Sales |
1.31 |
0.96 |
0.62 |
0.50 |
|
|
Return On Equity |
.. |
7.94 |
5.17 |
3.64 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.71 |
|
UK Pound |
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
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 |
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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 |
|
---- |
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.