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Report No. : |
326295 |
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Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
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Name : |
KAHYA CO LTD |
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Registered Office : |
3-4-11 Tarumicho Suita City Osaka-Pref 564-0062 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
February 1974 |
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Com. Reg. No.: |
1209-01-005945 (Osala-Suita) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures (subcontracted in China), imports, exports and
wholesales: Chinese herbal medicine raw materials (Salacia, turmeric, rose hip,
other), pharmaceuticals, health foods (supplements), cosmetics, Chinese teas,
DIY goods, others (--100%) |
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No. of Employee : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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.
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Source
: CIA |
KAHYA CO LTD
REGD NAME: KK Kahya
MAIN OFFICE: 3-4-11 Tarumicho Suita City Osaka-Pref
564-0062 JAPAN
Tel:
06-6368-9730 Fax: 06-6368-9733
E-Mail address: (thru the URL)
Mfg, import, export, wholesale of pharmaceuticals (herbal medicine), raw
materials, cosmetics, health foods (supplements), teas, other
Nil
China
Tianjing (China) (Partner factory)
TAISUKE SASAKI, PRES
Teruaki Ueno, dir
Hisakazu Katoh, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 353 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen 241 M
STARTED 1974 EMPLOYES 9
TRADING FIRM, WITH MFG DIVISION, SPECIALIZING IN CHINESE HERBAL
MEDICINE, OTHER
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject firm was established by DCM Kahma Co Ltd (See REGISTRATION). This is a trading firm, with mfg division,
for import, export and wholesale of herbal medicine raw materials,
pharmaceuticals, cosmetics, health foods (supplements), other. Has a partner factory in Tianjing (China). Imports from China, India, Taiwan, Indonesia,
Peru, other. Clients include
pharmaceutical mfrs, wholesalers, other.
The sales volume for Feb/2014 fiscal term amounted to Yen 353 million, a
23% down from Yen 456 million in the previous term. Production at the factory in China was
decreased. The operations plunged into
the deficit to post Yen 20 million recurring loss and Yen 20 million net
losses, respectively, compared with Yen 18 million recurring profit and Yen 12
million net profit, respectively, a year ago.
For the term that ended Feb 15 the recurring profit was projected at Yen
15 million and the net profit at Yen 10 million, respectively, on a 10% rise in
turnover, to Yen 390 million. Final
results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb
1974
Regd No.: 1209-01-005945
(Osala-Suita)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400,000 shares
Issued:
100,000 shares
Sum: Yen
50 million
Major shareholders
(%): DCM Kahma Co Ltd* (100)
*.. Operator of DIY chain stores (152 stores centrally in Aichi-Pref
& vicinities), Kariya City,
capital Yen 6,000 million, employees 1,033, pres Yoshiyuki Toyoda, owned
by DCM
Holdings Co Ltd, a Holding Company of the Group firms, Tokyo, founded
2006, listed
Tokyo S/E, capital 10,000 million, sales Yen 430,752 million, net profit
Yen 9,013 million, total assets Yen 349,991 million, net worth Yen 157,071
million, employees 4,136, pres Toshihiro Hisada
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
(subcontracted in China), imports, exports and wholesales: Chinese herbal medicine
raw materials (Salacia, turmeric, rose hip, other), pharmaceuticals, health
foods (supplements), cosmetics, Chinese teas, DIY goods, others (--100%)
Clients: [Mfrs,
wholesalers] SSP Co, Yamamoto Kanpo Seiyaku, Ichigen Pharmaceutical, Showa
Trading, other
No. of accounts: 350
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from: China, Taiwan, India, Indonesia, Peru, other.
Domestically from: Fukudaryu Co, Koshiro Co, other
Payment record: Regular
Location: Business area in
Suita City, Osaka-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG Bank (Shin-Osaka)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
28/02/2015 |
28/02/2014 |
28/02/2013 |
29/02/2012 |
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Annual Sales |
|
390 |
353 |
456 |
416 |
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Recur. Profit |
|
15 |
-20 |
18 |
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Net Profit |
|
10 |
-20 |
12 |
16 |
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Total Assets |
|
|
311 |
367 |
352 |
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Current Assets |
|
|
302 |
358 |
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Current Liabs |
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|
58 |
94 |
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Net Worth |
|
|
241 |
261 |
249 |
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Capital, Paid-Up |
|
|
50 |
50 |
50 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
10.48 |
-22.59 |
9.62 |
-3.26 |
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Current Ratio |
|
.. |
520.69 |
380.85 |
.. |
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N.Worth Ratio |
|
.. |
77.49 |
71.12 |
70.74 |
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R.Profit/Sales |
|
3.85 |
-5.67 |
3.95 |
.. |
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N.Profit/Sales |
|
2.56 |
-5.67 |
2.63 |
3.85 |
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Return On Equity |
|
.. |
-8.30 |
4.60 |
6.43 |
Notes: Forecast (or estimated) figures for the 28/02/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.97.98 |
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Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
|
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Report Prepared
by : |
ANK |
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.