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Report No. : |
346394 |
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Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ORIENTAL MENTHOL INDUSTRY CO LTD |
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Registered Office : |
75-1 Hamanaka Satoshocho
Asakuchigun |
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Country : |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
April 1947 |
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Com. Reg. No.: |
2600-01-018048 (Okayama-Asakuchigun) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures menthol (60%), peppermint
oils (40%) |
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No. of Employee : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
ORIENTAL
MENTHOL INDUSTRY CO LTD
REGD NAME: Toyo Hakka Kogyo KK
MAIN OFFICE: 75-1 Hamanaka Satoshocho Asakuchigun Okayama-Pref 719-0303
JAPAN
Tel: 0865-64-3131 Fax: 0865-64-3133
URL: http://www.kcv.ne.jp
E-Mail address: tyhakka@kcv.ne.jp
Mfg of menthol,
peppermint oils, other
Nil
India, China,
other (--business partners)
At the caption
address
TATSUO
HIGASHIYAMA, PRES Hirosuke
Matsue, s/mgn dir
Jun Matsue, dir Kei
Higashiyama, dir
Isao Sakata, dir Atsushi Sekito, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES WEAK A/SALES Yen 290 M
PAYMENTS SLOW CAPITAL Yen 45 M
TREND SLOW WORTH
Yen (-) 67 M
STARTED 1947 EMPLOYES 14
MFR OF MENTHOL.
FINANCIAL SITUATION CONSIDERED WEAK BUT
SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 1.8 MILLION, ON 30 DAYS
NORMAL TERMS. NEGATIVE NET WORTH, AND SECURED TERMS ARE RECOMMENDED ON NEW TRANSACTIONS.
The subject company is a specialized mfr of menthol, peppermint oils,
other. Materials are imported from
India, China, other. Clients include
pharmaceutical mfrs, fragrance mfrs, other.
Financials are disclosed only partially.
The sales volume for Mar/2015 fiscal term amounted to Yen 290 million, a
15% drop from
Yen 392 million in the previous term.
The net profit is estimated posted at Yen 10 million, compared with Yen
15 million a year ago.
For the current term ending Mar 2016 the net profit is projected at 12
million, on a 5% rise in turnover, to Yen 305 million.
The financial situation is considered WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 1.8 million, on 30 days normal terms. Negative net worth and we recommend fully
secured terms on new transactions.
Date
Registered: Apr 1947
Regd No.: 2600-01-018048
(Okayama-Asakuchigun)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 360,000 shares
Issued: 90,000 shares
Sum: Yen 45 million
Major
shareholders (%): Tatsuo Higashiyama (50), and families (--50)
No.
of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
menthol (60%), peppermint oils (40%)
Clients: [Mfrs,
wholesalers] Hisamitsu Pharmaceutical, Tokuhon Corp, Kinkan Co, Nipro Patch Co,
Mitsubishi Tanabe Pharma Co, T Hasegawa Co,
other
No. of accounts:
300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Sagami Chemical Ind, Tairiku
Tsusho, other
Imports mfg materials from India, China,
other
Payment record: Slow
Location: Business area in
Okayama. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
Kasaoka Shinkin Bank (H/O)
Chugoku Bank (Kasaoka)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
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305 |
290 |
342 |
290 |
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Recur.
Profit |
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.. |
.. |
15 |
-36 |
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Net
Profit |
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12 |
10 |
15 |
-36 |
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Total
Assets |
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N/A |
290 |
309 |
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Net
Worth |
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-67 |
-77 |
-92 |
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Capital,
Paid-Up |
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45 |
45 |
45 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.17 |
-15.20 |
17.93 |
-9.38 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
-26.55 |
-29.77 |
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N.Profit/Sales |
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3.93 |
3.45 |
4.39 |
-12.41 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.97 |
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1 |
Rs.100.54 |
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Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.