MIRA INFORM REPORT

 

 

Report No. :

333989

Report Date :

25.07.2015

 

IDENTIFICATION DETAILS

 

Name :

KOSHIRO CO LTD

 

 

Registered Office :

2-5-8 Doshomachi Chuoku Osaka 541-0045

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2015

 

 

Date of Incorporation :

March 1947                                

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Subject is manufactures pharmaceutical crude drugs, cosmetics, health foods

 

 

No. of Employee :

43

 

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

 

 


COMPANY NAME

 

KOSHIRO CO LTD

 

 

 

REGD NAME

 

Koshiro Seiyaku KK

 

 

MAIN OFFICE  

 

2-5-8 Doshomachi Chuoku Osaka 541-0045 JAPAN

Tel: 06-6231-1803      Fax: 06-6227-0187

 

 

URL

 

http://www.koshiroseiyaku.co.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Mfg crude drugs, cosmetics, health foods, other

 

 

BRANCHES

 

Osaka (warehouse)

 

 

OVERSEAS

 

China, Taiwan, Korea, other (--business partners)

 

 

FACTORIES

 

Kameoka (Kyoto)

 

 

OFFICERS

 

TADAAKI KOSHIRO, PRES

Masami Karikura, dir

Noriko Koshiro, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES          Yen 2,934 M

PAYMENTSREGULAR   CAPITAL           Yen 100 M

TREND SLOW               WORTH                        Yen 8,447 M     

STARTED         1947                 EMPLOYES      43

 

 

COMMENT

 

MFR OF CRUDE DRUGS, COSMETICS, HEALTH FOODS, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR

ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: ESTIMATED AT YEN 155.9 MILLION, ON 30 DAYS  NORMAL TERMS.

 

 

HIGHLIGHTS

           

This is a specialized mfr of pharmaceuticals, crude drugs, cosmetics, health foods, other.  Goods are both imported and exported.  Clients include pharmaceutical makers, wholesalers, others.

 

 

FINANCIAL INFORMATION

           

The sales volume for Jun/2014 fiscal term amounted to Yen 2,934 million, a 3% down from Yen 3,020 million in the previous term.  The recurring profit was posted at Yen 642 million and the net profit at Yen 382 million, respectively, compared with Yen 566 million recurring profit and Yen 302 million net profit, respectively, a year ago.

 

For the term that ended Jun 2015 the recurring profit was projected at Yen 670 million and the net profit at Yen 405 million, respectively, on a 5% rise in turnover, to Yen 3,080 million.  Final results are yet to be released.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 155.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:       Mar 1947

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                   800,000 shares

Issued:                200,000 shares

Sum:                   Yen 100 million

Major shareholders (%): Tadaaki Koshiro & families (--100)

No. of shareholders: 5

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures pharmaceutical crude drugs, cosmetics, health foods, other (--100%)

Clients: [Mfrs, wholesalers] Taiho Pharmaceutical, Shionogi Pharmaceutical, Astellas Pharmaceutical, Taisho Pharmaceutical, Shiseido, Suntory Holdings, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Penreco (USA), Sojitz Corp, Nihon Yoho, other

Imports from USA, China, Taiwan, Korea, other

 

Payment record: Regular

 

Location: Business area in Osaka.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Osaka)

SMBC (Bingomachi)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

30/06/2015

30/06/2014

30/06/2013

30/06/2012

Annual Sales

 

3,080

2,934

3,020

3,175

Recur. Profit

 

670

642

566

 

Net Profit

 

405

382

302

368

Total Assets

 

 

9,501

9,004

8,870

Current Assets

 

 

6,850

6,402

 

Current Liabs

 

 

811

822

 

Net Worth

 

 

8,447

8,074

7,832

Capital, Paid-Up

 

 

100

100

100

Div.Ttl in Million (¥)

 

 

9.97

60

10

<Analytical Data>

 

(%)

(%)

(%)

(%)

    S.Growth Rate

 

4.98

-2.85

-4.88

-9.31

    Current Ratio

 

..

844.64

778.83

..

    N.Worth Ratio

 

..

88.91

89.67

88.30

    R.Profit/Sales

 

21.75

21.88

18.74

..

    N.Profit/Sales

 

13.15

13.02

10.00

11.59

    Return On Equity

 

..

4.52

3.74

4.70

 

Notes: Forecast (or estimated) figures for the 30/06/2015 fiscal term.

 

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.