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Report Date : |
05.09.2013 |
|
|
|
|
Tel. No.: |
06 6201 2575 |
|
Fax No.: |
06 6201 2587 |
IDENTIFICATION DETAILS
|
Name : |
KOKKA CO LTD |
|
|
|
|
Registered Office : |
2-4-6 Bingomachi Chuoku Osaka 541-0051 |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
31.10.2012 |
|
|
|
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Date of Incorporation : |
October 1948 |
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|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
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|
|
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Line of Business : |
Manufacturer of printed fabrics. |
|
|
|
|
No. of Employees : |
73 |
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 : |
No complaints |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan 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 and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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
KOKKA CO LTD
REGD NAME: KK Kokka
MAIN OFFICE: 2-4-6 Bingomachi Chuoku Osaka 541-0051 JAPAN
Tel: 06-6201-2575
Fax: 06-6201-2587
URL: http//:www.kokka.co.jp
E-mail: info@kokka.co.jp
Mfg of printed fabrics
Tokyo, Nagoya
Hong Kong, Dalian, Shanghai
Hong Kong, Dalian, Shanghai (subcontracted)
Tokyo
KAZUHIKO OKADA, PRES
Masanori Mukai, s/mgn dir
Shigehiko Sugimura, mgn dir
Yoshio Morita, dir
Kazuo Kubo, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,307 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 99 M
TREND SLOW WORTH Yen 4,007 M
STARTED 1948 EMPLOYES 73
MFR SPECIALIZING IN PRINTED FABRICS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by a certain Okada in order to make most of his experience in the subject line of business, on his account, and has been succeeded by his descendants. Specializes in mfg printed fabrics as a mainstay, and imports Indian fabrics, other. Mfg is subcontracted to Chinese factories, including OEM production. Goods are imported and exported. Goods are sold online, too.
The sales volume for Oct/2012 fiscal term amounted to Yen 4,307 million, a 4% down from Yen 4,466 million in the previous term. The recurring profit was posted at Yen 109 million and the net profit at Yen 106 million, respectively, compared with Yen 124 million recurring profit and Yen 122 million net profit, respectively, a year ago. .
For the current term ending Oct 2013 the recurring profit is projected at Yen 130 million and the net profit at Yen 120 million, respectively, on a 6% rise in turnover, to Yen 4,550 million..
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Oct 1948
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 796,000 shares
Issued: 199,000 shares
Sum: Yen 99,75 million
Major shareholders (%): Yoshio Kumada, Kazuhiko Okada, other (Details not disclosed)
No. of shareholders: 121
Nothing detrimental is known as to the commercial morality of executives.
Activities: Manufactures printed fabrics, including OEM productions; imports Indian fabrics (--100%).
Clients: [Mfrs, wholesalers, chain stores] Aeon Corp, Sankei, Senshukai, Hirota, Home Craft, Yamatoya, Yuzawaya, Bandai, Ogran Japan, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Toyoshima, Kowa, Itochu Corp, Bandai, Takara Tommy, Walt Disney Enterprise, Kurabo, 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)
Shoko Chukin Bank (Osaka)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
|
|
Annual
Sales |
|
4,550 |
4,307 |
4,466 |
4,353 |
|
Recur.
Profit |
|
130 |
109 |
124 |
|
|
Net
Profit |
|
120 |
106 |
122 |
76 |
|
Total
Assets |
|
|
5,227 |
5,393 |
5,532 |
|
Current
Assets |
|
|
2,631 |
2,823 |
|
|
Current
Liabs |
|
|
1,075 |
1,211 |
|
|
Net
Worth |
|
|
4,007 |
3,920 |
3,818 |
|
Capital,
Paid-Up |
|
|
99 |
99 |
99 |
|
Div.Ttl
in Million (¥) |
|
|
19.95 |
19.95 |
19.96 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.64 |
-3.56 |
2.60 |
-3.93 |
|
|
Current Ratio |
|
.. |
244.74 |
233.11 |
.. |
|
N.Worth Ratio |
.. |
76.66 |
72.69 |
69.02 |
|
|
R.Profit/Sales |
|
2.86 |
2.53 |
2.78 |
.. |
|
N.Profit/Sales |
2.64 |
2.46 |
2.73 |
1.75 |
|
|
Return On Equity |
.. |
2.65 |
3.11 |
1.99 |
|
Notes: Forecast (or estimated) figures for the 31/10/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 67.03 |
|
|
1 |
Rs. 104.32 |
|
Euro |
1 |
Rs. 88.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.