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Report No. : |
343351 |
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Report Date : |
01.10.2015 |
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) : |
31.12.2014 |
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Date of Incorporation : |
December 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 : |
Exports chemicals, plastics, films, industrial materials, others
(--100%) |
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No. of Employee : |
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 AND ADDRESS
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
BRANCHES
Tokyo
OVERSEAS
China, USA (2),
Korea, Taiwan, Mexico, Germany
OFFICERS
NAOKI SAKAI, PRES
Yoshihiro
Shiraiwa, dir
Osamu Sakai, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 8,957 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 36 M
TREND STEADY WORTH Yen 4,353 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 600.4 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. Naoki Sakai took the pres office in Feb
2014. This is a trading firm
specializing in chemicals, industrial materials, films, plastics, others (See OPERATION). Operates 10 overseas offices/subsidiaries:
China, USA, Germany, Mexico, Korea, and Taiwan.
Goods are exported to these countries.
FINANCIAL
INFORMATION
The sales volume for Dec/2014 fiscal term amounted to Yen 8,957 million,
an 18% up from Yen 7,574 million in the previous term. Exports to Korea rose. The recurring profit was posted at Yen 542
million and the net profit at Yen 299 million, respectively, compared with Yen
464 million recurring profit and Yen 284 million net profit, respectively, a
year ago.
For the current term ending Dec 2015 the recurring profit is projected
at Yen 570 million and the net profit at Yen 315 million, respectively, on a 5%
rise in turnover, to Yen 9,400 million.
Exports continue rising. The
weaker Yen will contribute.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 600.4 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: 47
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
Domestically: Dystar Japan, Taoka Chemical,
JFE Joints, Sumitomo Chemical, Nippon Kayaku, other
No. of accounts:
200 (Domestically)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sumitomo Chemical, Mitsubishi Rayon, Sumitomo Shoji Chemical, Daicel
Chemical Ind, Dainichiseika Color & Chemicals Mfg Co, Nippon Kayaku Co,
Sumika Chemtex 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 (Osaka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
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Annual
Sales |
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9,400 |
8,957 |
7,574 |
6,122 |
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Recur.
Profit |
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570 |
542 |
464 |
391 |
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Net
Profit |
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315 |
299 |
284 |
241 |
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Total
Assets |
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5,013 |
4,971 |
4,591 |
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Current
Assets |
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3,978 |
3,753 |
3,450 |
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Current
Liabs |
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606 |
573 |
411 |
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Net
Worth |
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4,353 |
4,074 |
3,831 |
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Capital,
Paid-Up |
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36 |
36 |
36 |
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Div.Ttl
in Million (¥) |
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20.65 |
21.6 |
25.2 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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4.95 |
18.26 |
23.72 |
-1.72 |
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Current Ratio |
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.. |
656.44 |
654.97 |
839.42 |
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N.Worth Ratio |
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.. |
86.83 |
81.96 |
83.45 |
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R.Profit/Sales |
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6.06 |
6.05 |
6.13 |
6.39 |
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N.Profit/Sales |
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3.35 |
3.34 |
3.75 |
3.94 |
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Return On Equity |
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.. |
6.87 |
6.97 |
6.29 |
Notes: Forecast
(or estimated) figures for the 31/12/2016 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 |
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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.