MIRA INFORM REPORT
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Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
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Name : |
OHMI INDUSTRIES LTD |
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Registered Office : |
3-11-10 Minamisemba Chuoku |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
October 1977 |
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Com. Reg. No.: |
(Osaka-Chuoku) 076600 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of steel, steel products |
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 415.7 Million |
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Status : |
Satisfactory |
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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
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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
OHMI INDUSTRIES LTD
REGD NAME
Ohmi Industries KK
MAIN OFFICE
3-11-10
Minamisemba Chuoku
Tel:
06-6252-2470 Fax: 06-6252-9884
URL: http://www.ohmi-sangyo.co.jp/
E-Mail address: ohmi@ohmiind.co.jp
ACTIVITIES
Export of steel, steel products
BRANCHES
OVERSEAS
Ohmi Tetsu (
OFFICER(S)
KATSUHIKO
KOYAGI, PRES
Shinji
Koyagi, dir
Yoshihiro
Kato, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 17,810 M
PAYMENTS REGULAR CAPITAL Yen 200 M
TREND STEADY WORTH Yen
1,038 M
STARTED 1977 EMPLOYES 25
COMMENT
TRADING
FIRM SPECIALIZING IN STEEL & PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 415.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of Export Division separated
from Ohmi Sangyo Co Ltd, steel service center operator, at the caption
address. The subject firm specializes in
exporting steel products: HR/CR for re-rolling/galvanizing, coated sheets,
automotive steel, other. 65% of the
products are exported into
FINANCIAL INFORMATION
The sales volume for Sept/2010 fiscal term amounted to Yen 17,810
million, an 80% up from Yen 9,876 million in the previous term. Exports revived sharply after the steep
decline in the last term, as affected substantially by the global economic
downturn. The recurring profit was
posted at Yen 381 million and the net profit at Yen 131 million, respectively,
compared with Yen 184 million recurring profit and Yen 80 million net profit,
respectively, a year ago.
For the current term ending Sept 2011 the recurring profit is projected
at Yen 390 million and the net profit at Yen 140 million, respectively, on a 5%
rise in turnover, to Yen 18,700 million.
Sales to automakers and exports to
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 415.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct
1977
Regd No.: (Osaka-Chuoku)
076600
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.6 million shares
Issued: 400,000 shares
Sum: Yen 200 million
Major shareholders (%): Washin Trading Co* (51), Taiyo
Fudosan (19), Shinji Koyagi (8), Katsuhiko Koyagi (7)
*.. Subsidiary company
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports steel, steel
products: HR/CR for re-rolling/galvanizing (58.6%), building materials (16%),
automotive steel (10%), tin plates (5%), others (--10.4%).
Also handles: steel sheet galvanizing equipment, color coating line,
corrugating, roll forming machines, leveling & shearing line, slitting
line, metal sheets process line, wire & nail making machines, others.
Exports to:
Clients: [Mfrs,
wholesalers] Exports to
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Steel mfrs,
wholesalers] JFE Steel Corp (60%), Metal One Corp, Marubeni-Itochu Steel Inc,
JFE Galvanizing & Coating Co, Sumitomo Metal Ind, JFE Shoji Trade Corp,
Nippon Steel Trading Co, Shin Kansai Steel Co, other.
Payment record:
Regular
Location:
Business area in
Bank
References:
MUFG (Semba)
Mizuho Bank (Minamisemba)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/09/2011 |
30/09/2010 |
30/09/2009 |
30/09/2008 |
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Annual
Sales |
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18,700 |
17,810 |
9,876 |
16,038 |
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Recur.
Profit |
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390 |
381 |
184 |
196 |
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Net
Profit |
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140 |
131 |
80 |
48 |
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Total
Assets |
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3,323 |
2,445 |
3,310 |
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Current
Assets |
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2,484 |
1,565 |
2,567 |
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Current
Liabs |
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2,077 |
1,266 |
2,064 |
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Net
Worth |
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1,038 |
929 |
920 |
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Capital,
Paid-Up |
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200 |
200 |
200 |
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Div.P.Share(¥) |
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55.50 |
70.00 |
70.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.00 |
80.34 |
-38.42 |
13.95 |
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Current Ratio |
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.. |
119.60 |
123.62 |
124.37 |
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N.Worth Ratio |
.. |
31.24 |
38.00 |
27.79 |
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R.Profit/Sales |
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2.09 |
2.14 |
1.86 |
1.22 |
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N.Profit/Sales |
0.75 |
0.74 |
0.81 |
0.30 |
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Return On Equity |
.. |
12.62 |
8.61 |
5.22 |
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Notes:
Forecast (or estimated) figures for the 30/09/2011 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.45.18 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.13 |
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.