MIRA INFORM REPORT

 

 

Report Date :           

13.09.2011

 

IDENTIFICATION DETAILS

 

Name :

OSAKA TECHNOCRAT CO LTD

 

 

Registered Office :

1-3 Shijodori Sakai City Osaka-Pref 590-0045

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April  2002

 

 

Com. Reg. No.:

(Osaka-Sakai) 010128

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of central heating & cooling systems

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Yen 11.3 Million

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company name

 

OSAKA TECHNOCRAT CO LTD

 

 

REGD NAME 

 

KK Osaka Technocrat

 

 

MAIN OFFICE

 

1-3 Shijodori Sakai City Osaka-Pref 590-0045 JAPAN

Tel: 072-221-0426      Fax: 072-228-7832

                                               

URL:                 http://www.osaka-techno.com

E-Mail address: Osaka-techno.hon1@jasmin.ocn.ne.jp

 

 

ACTIVITIES  

 

Mfg of central heating & cooling systems

 

 

BRANCHES

 

Tokyo, Sapporo

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

·         YOSHITSUGU MINE, PRES

·         Tetsuo Wada, s/mgn dir

·         Yoshimi Masuda, dir                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 1,669 M

PAYMENTS      REGULAR                     CAPITAL           Yen 40 M

TREND             STEADY                       WORTH            Yen 94 M

STARTED                     2002                             EMPLOYES      30

 

 

COMMENT    

 

MFR OF CENTRAL HEATING & COOLING SYSTEMS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS.

           

MAX CREDIT LIMIT: YEN 11.3 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Yoshitsugu Mine in order to make most of his experience in the subject line of business.  This is a specialized mfr of central heating & cooling systems using solar energy.  Clients include major construction firms, housing industry, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2011 fiscal term amounted to Yen 1,669 million, an almost similar amount of Yen 1,658 million in the previous term.  Sales were affected much by the North Japan Earthquake on 11/03/2011.  The recurring profit was posted at Yen 17 million and the net profit at Yen 17 million, respectively, compared with Yen 29 million recurring profit and Yen 27 million net profit, respectively, a year ago.

 

For the current term ending Mar 2012 the recurring profit is projected at Yen 20 million and the net profit at Yen 20 million, respectively, on a 5% rise in turnover, to Yen 1,750 million.  Demand for energy-saving heating & cooling systems for apartments are on the rise. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 11.3 million, on 30 days normal terms.  The proposed amount is considered well within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:  Apr 2002

Regd No.:          (Osaka-Sakai) 010128

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         3,200 shares

Issued:                800 shares

Sum:                   Yen 40 million

 

Major shareholders (%): Yoshitsugu Mine (51), Tetsuo Wada (49)

 

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures central heating & cooling systems using solar energy (--100%)

 

(Mfg items):

Central heating & cooling systems: boiler plant system, solar hybrid system, district heating & cooling system, cogenerating systems, cascade control system;

 

Piping systems;

 

Drain sterilization systems

 

Clients: [Mfrs, wholesalers] Daiwa House Ind, Tokyo Community, Daiwa Odakyu Construction, Tokyu Construction, Takasago Thermal Engineering Co, Kubota Corp, Sanko Airconditioning Co, In-Site Energy, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Kubota Corp, Toto Ltd, JR Group firms, Miura Kogyo, Alfa Laval Japan, Morinaga Engineering, other

 

Payment record: Regular

 

Location: Business area in Sakai City, Osaka-Pref.  Office premises at the caption address are owned leased and maintained satisfactorily.

 

Bank References:

·         SMBC (Sakai)

·         Mizuho Bank (Sakai)

Relations: Satisfactory

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

1,750

1,669

1,658

1,683

Recur. Profit

　

20

17

29

　

Net Profit

　

20

17

27

-66

Total Assets

　

　

1,089

1,275

1,280

Current Assets

　

　

938

1,076

　

Current Liabs

　

　

398

548

　

Net Worth

　

　

94

76

49

Capital, Paid-Up

　

　

40

40

40

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.85

0.66

-1.49

-34.39

    Current Ratio

 

..

235.68

196.35

..

    N.Worth Ratio

..

8.63

5.96

3.83

    R.Profit/Sales

 

1.14

1.02

1.75

..

    N.Profit/Sales

1.14

1.02

1.63

-3.92

    Return On Equity

..

18.09

35.53

-134.69

 

Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.97

UK Pound

1

Rs.74.22

Euro

1

Rs.63.66

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.