MIRA INFORM
REPORT
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Report Date : |
06.01.2011 |
IDENTIFICATION DETAILS
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Name : |
KAWAZOE MACHINE WORKS LTD |
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Registered Office : |
2-8-22 Nagasu-Hondori |
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Country : |
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Financials (as on) : |
31.01.2010 |
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Date of Incorporation : |
February 1961 |
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Com. Reg. No.: |
(Hyogo-Amagasaki) 001230 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of metal processing equipment |
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 |
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Maximum Credit Limit : |
Yen 13.0 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
KAWAZOE MACHINE WORKS LTD
REGD NAME
KK Kawazoe Kikai
Seisakusho
MAIN OFFICE
2-8-22
Nagasu-Hondori
Tel:
06-6488-1231 Fax: 06-6488-1296
URL:
www.kawazoe-machine.co.jp
E-mail: info@kawzazoe-machine.co.jp
ACTIVITIES
Mfg of
metal processing equipment
BRANCHES
Nil
FACTORIES
At the
caption address
OFFICER(S)
KAZUNORI
HIRAI, PRES Toshio Kawanami,
s/mgn dir
Yosuke
Tanaka, dir Machiko
Kawazoe, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,204 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND SLOW WORTH Yen
308 M
STARTED 1961 EMPLOYES 65
COMMENT
MFR OF
METAL PROCESSING EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 13.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Keiichi Kawazoe in order to make most of his
experience in the subject line of business.
Kazunori is his son, who took the pres office in 2004. This is a specialized mfr of metal processing
equipment. Products are exported. Domestic clients include major metal working
mfrs, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Jan/2010 fiscal term amounted to Yen 1,204 million,
a 50% down from Yen 2,411 million in the previous term, as affected
substantially by the global economic downturn.
Export demand declined. High Yen
hurt earnings & profits in Yen terms.
The recurring profit was posted at Yen 52 million and the net profit at
Yen 3 million, respectively, compared with Yen 143 million recurring profit and
Yen 8 million, respectively, a year ago.
.
For the current term ending Jan 2011 the recurring profit is projected
at Yen 55 million and the net profit at Yen 5 million, respectively, on an 8%
rise in turnover, to Yen 1,300 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 13.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1961
Regd No.: (Hyogo-Amagasaki)
001230
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued: 40,000 shares
Sum: Yen 20 million
Major shareholders (%): Mariko Kawazoe (18), Michihiko
Kawazoe (17), Machiko Kawazoe (13), So Kawazoe (11), Kazuhiko Katoh (6)
No. of shareholders: 11
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
metal processing equipment: bar & wire rod processing equipment, pipe &
tube processing equipment, copper & nickel refining & handling
equipment, other (--100%)
Clients: [Mfrs,
wholesalers] Sumitomo Metal Mining, Sumitomo Metal Ind, Sumitomo Pipe &
Tube Corp, JFE Bars & Shapes Corp, Nihon Shinkan Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Fuji Electric Systems, Okada Industry Corp, Kiyomoto Co,
Mitsubishi Materials Techno Corp, Masuda Iron Works, other
Payment record: Regular
Location:
Business area in
Bank References:
Amagasaki
Shinkin Bank (Nagasu)
Hyogo-Pref
Shinkin Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/01/2011 |
31/01/2010 |
31/01/2009 |
31/01/2008 |
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Annual
Sales |
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1,300 |
1,204 |
2,411 |
3,085 |
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Recur.
Profit |
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55 |
52 |
143 |
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Net
Profit |
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5 |
3 |
8 |
34 |
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Total
Assets |
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2,015 |
1,499 |
2,252 |
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Current
Assets |
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954 |
1,077 |
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Current
Liabs |
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861 |
995 |
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Net
Worth |
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308 |
307 |
301 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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Div.P.Share(¥) |
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50.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.97 |
-50.06 |
-21.85 |
78.63 |
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Current Ratio |
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.. |
110.80 |
108.24 |
.. |
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N.Worth Ratio |
.. |
15.29 |
20.48 |
13.37 |
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R.Profit/Sales |
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4.23 |
4.32 |
5.93 |
.. |
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N.Profit/Sales |
0.38 |
0.25 |
0.33 |
1.10 |
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Return On Equity |
.. |
0.97 |
2.61 |
11.30 |
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Notes:
Forecast (or estimated) figures for the 31/01/2011 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.45.20 |
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1 |
Rs.70.27 |
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Euro |
1 |
Rs.59.99 |
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.