MIRA INFORM
REPORT
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Report Date : |
17.01.2011 |
IDENTIFICATION DETAILS
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Name : |
OGURA JEWEL INDUSTRIAL CO LTD |
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Registered Office : |
5-7-12 Omori-Kita Ohtaku Tokyo 143-0016 |
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Country : |
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Financials (as on) : |
31.01.2010 |
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Date of Incorporation : |
March 1938 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of machine tool parts, diamond tools,
semiconductor mfg equipment |
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 26.4 Million |
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Status : |
Moderate |
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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 – 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
OGURA JEWEL INDUSTRIAL CO LTD
REGD NAME
Ogura Hoseki Seiki
Kogyo KK
MAIN OFFICE
5-7-12 Omori-Kita Ohtaku
Tel:
03-3763-6371 Fax: 03-3763-1393
E-mail: sales@ogura-indus.co.jp
ACTIVITIES
Mfg of
machine tool parts, diamond tools, semiconductor mfg equipment
BRANCHES
OVERSEAS
FACTORIES
Saitama
OFFICER(S)
KYOTARO
OGURA, PRES Yoshihiro Ogura, ch
Masashi
Fukazawa, dir Toshio Niimi,
dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,360 M
PAYMENTS REGULAR CAPITAL Yen
50 M
TREND SLOW WORTH Yen
626 M
STARTED 1938 EMPLOYES 180
COMMENT
MFR
SPECIALIZING IN MACHINE TOOLS, DIAMOND TOOLS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 26.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established originally in 1894 by Isaburo Ogura, on his account, for wholesaling
industrial machinery/equipment.
Incorporated in 1938 the firm has been succeeded by his
descendants. This is a family-based
trading firm, wholly owned and operated by the Ogura family, for mfg machine
tool components, diamond tools, semiconductor mfg machinery, other. Goods are also exported. Clients include major mfrs, engineering
firms, wholesalers, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with
family-based companies.
The sales volume for
Jan/2010 fiscal term amounted to Yen 1,360 million, a 48% sharp decline from
Yen 2,600 million in the previous term.
Sales were affected by the global economic downturn from the start of
the term. Demand declined
substantially. Exports were hurt by the
high Yen. The operations continued in
the red to register Yen 100 million net losses for the term, compared with Yen
50 million net losses a year ago. .
For the current term
ending Jan 2011 the operations are projected to come back to profitability but
still limited to a minimum amount post-taxes, on a 10% rise in turnover, to Yen
1,500 million. Demand is recovered. The firm is said obsessed with
over-borrowings from banks, but details are not disclosed.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 26.4
million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
1938
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400,000 shares
Issued: 100,000 shares
Sum: Yen 50 million
Major shareholders (%):
Kosaburo Ogura and families (--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures: machine tools components, diamond tools, semiconductor
mfg machines & components, measuring instruments, wiring connectors, other
(--100%)
Clients: [Mfrs, wholesalers] Fanuc Ltd, Sodick Group, Shimadzu Corp, Sumitomo
Electric Ind, Mitsubishi Electric, Yokokawa Trading, Hitachi Via Engineering
Ltd, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Kakuta Mfg, Element Six Corp, Tomei Diamond Co,
Shinkosha Co, Akagami Seisakusho, other.
Payment record: Regular
Location: Business area in
Bank References:
·
Mizuho
Bank (Omori)
·
MUFG
(Omori)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/01/2011 |
31/01/2010 |
31/01/2009 |
31/01/2008 |
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Annual
Sales |
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1,500 |
1,360 |
2,600 |
2,700 |
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Recur.
Profit |
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Net
Profit |
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0 |
-100 |
-58 |
-50 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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626 |
726 |
784 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
10.29 |
-47.69 |
-3.70 |
-3.57 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.00 |
-7.35 |
-2.23 |
-1.85 |
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Notes:
Financials are only partially disclosed.
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.45.30 |
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1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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.