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Report Date : |
11.06.2014 |
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) : |
31.03.2013 |
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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 (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of nonferrous metal products |
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No. of Employees : |
66 |
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 |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Prime
Minister Shinzo ABE has declared the economy his government's top priority; he
has overturned his predecessor's plan to permanently close nuclear power plants
and is pursuing an economic revitalization agenda of fiscal stimulus, monetary
easing, and structural reform. Japan joined the Trans Pacific Partnership
negotiations in 2013, a pact that would open Japan's economy to increased
foreign competition and create new export opportunities for Japanese
businesses. Measured on a purchasing power parity (PPP) basis that adjusts for
price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise government
revenue and reduce public debt, Japan decided in 2013 to gradually increase the
consumption tax to a total of 10% by the year 2015. Japan is making progress on
ending deflation due to a weaker yen and higher energy costs, but reliance on
exports to drive growth and an aging, shrinking population pose other major
long-term challenges for the economy.
|
Source
: CIA |
KOHSEI CO LTD
REGD NAME: KK Kohsei
MAIN OFFICE: 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, s/mgn dir
Fumiteru Sugano, mgn dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 17,971 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
102 M
TREND SLOW WORTH Yen 3,405 M
STARTED 1979 EMPLOYES 66
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, Germany,
China, Africa, other. Operates
wholly-owned subsidiaries in: Vietnam, Korea and Philippines. Clients include major nonferrous metal mfrs,
nationwide.
The sales volume for Mar/2013 fiscal term amounted to Yen 17,971
million, a 16% down from Yen 21,322 million in the previous term. Imports/exports were hurt by the high Yen,
decreasing revenues in Yen terms. The
recurring profit was posted at Yen235 million and the net profit at Yen 138
million, respectively, compared with Yen 254 million recurring profit and Yen
188 million net profit, respectively, a year ago.
For the term that ended Mar 2014 the recurring profit was projected at
Yen 250 million and the net profit at Yen 145 million, respectively, on a 5%
rise in turnover, to Yen 18,850 million.
Final results are yet to be released.
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), Toshinari Sumi (7), Fumiteru Sugano (2),
Employees’ S/Holding Assn (2)
No. of
shareholders: 8
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: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Imports from USA, UK, Germany, 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
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual Sales |
|
18,850 |
17,971 |
21,322 |
23,065 |
|
Recur. Profit |
|
250 |
235 |
254 |
217 |
|
Net Profit |
|
145 |
138 |
188 |
89 |
|
Total Assets |
|
|
13,517 |
12,819 |
13,320 |
|
Current Assets |
|
|
10,091 |
9,416 |
10,015 |
|
Current Liabs |
|
|
8,058 |
7,722 |
7,186 |
|
Net Worth |
|
|
3,405 |
3,267 |
3,079 |
|
Capital, Paid-Up |
|
|
102 |
102 |
102 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.89 |
-15.72 |
-7.56 |
19.09 |
|
|
Current Ratio |
.. |
125.23 |
121.94 |
139.37 |
|
|
N.Worth Ratio |
.. |
25.19 |
25.49 |
23.12 |
|
|
R.Profit/Sales |
1.33 |
1.31 |
1.19 |
0.94 |
|
|
N.Profit/Sales |
0.77 |
0.77 |
0.88 |
0.39 |
|
|
Return On Equity |
.. |
4.05 |
5.75 |
2.89 |
|
Notes: Forecast (or estimated) figures for the 31/03/2014fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NNA |
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.