MIRA INFORM REPORT
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Report Date : |
14.04.2011 |
IDENTIFICATION DETAILS
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Name : |
YAMABISHI CORPORATION |
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Registered Office : |
2-4-18
Omori-Kita Ohtaku Tokyo 143-0016 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
March
1958 |
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Com. Reg. No.: |
(Tokyo-Ohtaku) 015499 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of Power supply
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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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Maximum Credit Limit : |
Yen 6.6 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company
name
YAMABISHI CORPORATION
REGD
NAME
KK Yamabishi
MAIN
OFFICE
2-4-18 Omori-Kita
Ohtaku
Tel:
03-3767-8861 Fax: 03-3767-7080
URL: http://www.yamabishi.co.jp/
E-mail: info@yamabishi.co.jp
ACTIVITIES
Mfg of
power supply
BRANCHES
FACTORIES
Ebina
(Kanagawa)
OFFICER(S)
KAZUNORI
HASUIKE, PRES
Tetsuro
Tsuboi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 832 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
205 M
STARTED 1958 EMPLOYES 75
COMMENT
MFR SPECIALIZING IN POWER SUPPLY
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$150,000 / O/A 120 DAYS
MAX
CREDIT LIMIT: YEN 6.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1939 by father of
Kazunori Hasuike, on his account, in order to make most of his experience in
the subject line of business. Originally
the firm was selling electric equipment & parts. Incorporated in 1958, the firm switched
operations to the making of power supply & parts. Products manufactured are: circle changer,
DC/AC inverter, high voltage power supply, uninterruptible power supply (UPS),
other (See OPERATION). Clients are electronics makers, electricity
makers, and other mfrs, nationwide
FINANCIAL
INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 832 million, a
31% down from Yen 1,210 million in the previous term. Sales were substantially affected by the
global economic downturn particularly in the first half of the term. The second term could not recover the loss in
the first half. Demand declined
substantially in all segments. Exports
were hurt by the strong Yen, reducing export revenues & profits in Yen
terms. The net profit was posted at Yen
12 million, compared with Yen 9 million a year ago.
For the term that ended Mar 2011 the net profit was projected at Yen 15
million, on an 8% rise in turnover, to Yen 900 million. The forecast was made prior to the recent
Earthquake in the Northern part of
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 6.6 million, on 30 days normal terms. The proposed amount for 120 days terms is
considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Mar 1958
Regd No.: (Tokyo-Ohtaku) 015499
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 240,000
shares
Issued: 60,000 shares
Sum: Yen 30 million
Major shareholders (%):
Kazunori Hasuike & families (--100%)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
power supply & parts: circle changer, DC/AC inverter, battery charge –
discharge devices, high voltage power supply, voltage regulator/transformer,
electric measuring instruments, uninterruptible power supply (UPS), DC power
supply, automatic voltage regulator, load equipment, other (--100%).
Clients: [Electronic
makers, wholesalers] Japan Aerospace Exploration Agency, Fuji Electric Systems,
Meiji Electric Ind, Ryoden Trading, Nihon Denkei, Ryosan Co, Yokogawa & Co,
Shikoku Kakoki Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers [Mfrs,
wholesalers] Ryosan, Ryoden Trading, Yoshimi Trading, Kyodo Denki Co, Miyoshi
Electronics, Hitachi Kasei Shoji, Futaba Kogyo, Shinwa Denshi, other
Payment record: Regular
Location: Business area in
Bank References:
Bank
of
Resona
Bank (Toranomon)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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900 |
832 |
1,210 |
1,546 |
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Recur.
Profit |
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8 |
46 |
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Net Profit |
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15 |
12 |
9 |
5 |
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Total
Assets |
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1,642 |
1,744 |
1,697 |
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Current
Assets |
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528 |
531 |
633 |
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Current
Liabs |
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477 |
438 |
433 |
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Net
Worth |
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205 |
193 |
183 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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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S.Growth Rate |
8.17 |
-31.24 |
-21.73 |
-11.56 |
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Current Ratio |
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.. |
110.69 |
121.23 |
146.19 |
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N.Worth Ratio |
.. |
12.48 |
11.07 |
10.78 |
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R.Profit/Sales |
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.. |
.. |
0.66 |
2.98 |
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N.Profit/Sales |
1.67 |
1.44 |
0.74 |
0.32 |
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Return On Equity |
.. |
5.85 |
4.66 |
2.73 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 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.44.48 |
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|
1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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.