MIRA INFORM REPORT
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Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
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Name : |
K SAKAI & CO LTD |
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Registered Office : |
Tatsumi Bldg 5F, 1-3-13 Kyomachibori Nishiku Osaka 550-0003 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
Dec 1931 |
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Com. Reg. No.: |
1200-01-043449 (Osaka-Nishiku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export, wholesale of chemicals, industrial
equipment, films, plastics |
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No. of Employees : |
33 |
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 |
COMPANY NAME
K SAKAI & CO LTD
REGD NAME
Sakai Kogyo KK
MAIN OFFICE
Tatsumi Bldg 5F, 1-3-13
Kyomachibori Nishiku Osaka 550-0003 JAPAN
Tel:
06-6443-1171 Fax: 06-6447-1621
E-Mail
address: (thru the URL)
ACTIVITIES
Import,
export, wholesale of chemicals, industrial equipment, films, plastics, etc
BRANCHES
Tokyo
OVERSEAS
China
(4), USA (2), Korea, Taiwan, Mexico, Germany
OFFICERS
SOJI
SAKAI, PRES Keizo Sakai,
ch
Yoshitada
Sakai, v pres Noboru Uchibayashi, mgn dir
Osamu
Sakai, dir Tsuyoshi
Mikano, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 6,122 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 36 M
TREND SLOW WORTH Yen 3,831 M
STARTED 1931 EMPLOYES 33
COMMENT:
TRADING FIRM SPECIALIZING IN CHEMICALS, OTHERS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 383.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was established originally in 1914 by Kozo
Sakai in order to make most of his experience in the subject line of business,
on his account. Incorporated in 1931 the
firm has been succeeded by his descendants.
This is a trading firm specializing in chemicals, industrial materials,
films, plastics, others (See OPERATION). Operates 10 overseas offices/subsidiaries:
China (4), USA (2), Germany, Mexico, Korea, and Taiwan. Goods are exported to these countries.
FINANCIAL INFORMATION:
The sales volume for Dec/2012 fiscal term amounted to Yen 6,122
million, a 2% down from Yen 6,229 million in the previous term. The recurring profit was posted at Yen 391
million and the net profit at Yen 241 million, respectively, compared with Yen
313 million recurring profit and Yen 199 million net profit, respectively, a
year ago.
For the current term ending Dec 2013 the recurring profit is
projected at Yen 400 million and the net profit at Yen 250 million,
respectively, on a 5% rise in turnover, to Yen 6,400 million. Weaker Yen will contribute.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 193.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1931
Regd No.: 1200-01-043449
(Osaka-Nishiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 288,000 shares
Issued:
720,000 shares
Sum: Yen
36 million
Major shareholders (%): Sakai families (majority owned)
No. of shareholders: 45
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports chemicals, plastics, films,
industrial materials, others (--100%)
(Handling Items):
Chemicals: intermediates (for pharmaceuticals,
agrochemicals, dyestuffs, pigments, photographic chemicals), active ingredients
(for pharmaceuticals, dyestuffs, pigments), electronics raw materials (for
liquid crystal, engineering plastics), additives (for resin, rubbers, oils),
other raw materials (for conventional resins, cosmetics, adhesives, metal
processing chemicals);
Plastics: resins, rigid sheets, flexible sheets,
films, rods, optical fibers, other;
Films: anti-reflection film, anti-static
film, anti-glare film, clear hard-coat film, diffuser film, FMI shielding film,
ITO film, other;
Industrial Materials: fasteners
(bottle/nuts/washers/screws/nails), pipe fittings (elbows/sockets/plugs/
bushing/nipples/tees/flanges/valves), various kind of parts of casted or forged
iron, sheets (PE sheet/blue sheet), other;
Logistic Equipment: steel carrier, wire mesh
pallet, steel rack, steel box pallet, other.
Clients: [Mfrs, wholesalers] Exports to: Korea,
USA, China, Taiwan, Europe, other
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sumitomo Chemical,
Mitsubishi Chemical, Sumitomo Shoji Chemical, Daicel Chemical Ind,
Dainichiseika Color & Chemicals Mfg Co, Nippon Kayaku Co, other
Payment record: No
complaints
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Semba-Chuo)
SMBC
(Dojima)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual
Sales |
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6,400 |
6,122 |
6,229 |
6,208 |
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Recur.
Profit |
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400 |
391 |
313 |
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Net
Profit |
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250 |
241 |
199 |
155 |
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Total
Assets |
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4,591 |
4,282 |
4,138 |
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Current
Assets |
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3,450 |
3,075 |
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Current
Liabs |
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411 |
326 |
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Net
Worth |
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3,831 |
3,614 |
3,440 |
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Capital,
Paid-Up |
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36 |
36 |
36 |
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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 |
4.54 |
-1.72 |
0.34 |
16.56 |
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Current Ratio |
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.. |
839.42 |
943.25 |
.. |
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N.Worth Ratio |
.. |
83.45 |
84.40 |
83.13 |
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R.Profit/Sales |
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6.25 |
6.39 |
5.02 |
.. |
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N.Profit/Sales |
3.91 |
3.94 |
3.19 |
2.50 |
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Return On Equity |
.. |
6.29 |
5.51 |
4.51 |
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Notes:
Forecast (or estimated) figures for the 31/12/2013 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.