|
Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KK YAMAUCHI |
|
|
|
|
Registered Office : |
2-7 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
Mar 1948 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Mfg of rubber belts for
industrial-use |
|
|
|
|
No. of Employees : |
307 |
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 383.4 Million |
|
Status : |
Good |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
YAMAUCHI CORPORATION
REGD NAME: KK
Yamauchi
MAIN OFFICE: 2-7
Shodai-Tajika Hirakata City Osaka 573-1182 JAPAN
Tel: 072-856-1130
Fax: 072-868-1310
URL: http://www.yamauchi.co.jp
E-Mail
address: (thru the URL)
Mfg of
rubber belts for industrial-use
Tokyo,
Sapporo, Sendai Toyama, Nagoya, Osaka
Singapore,
Malaysia, China (2), USA, Belgium, other
At the
caption address, Hiroshima, Koyo, Houfu, Chiyoda;
China,
Malaysia, Europe other (overseas subsidiary makers)
ICHIRO
YAMAUCHI, CH/PRES Eiji Wada, mgn dir
Hidemi
Tajima, dir Tetsuo
Ko, dir
Mitsuaki
Hirose, dir Keiji
Nakagawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,864 M
PAYMENTS No complaints CAPITAL Yen 310 M
TREND SLOW WORTH Yen
6,830 M
STARTED 1948 EMPLOYES 307
MFR OF RUBBER BELTS FOR INDUSTRIAL-USE.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 383.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Seizo Yamauchi for
making atomotive fan belts, and has been succeeded by his descendants. This is a specialized mfg of rubber belts for
industrial-use (See OPERATION). Goods
are most manufacture in overseas subsidiary makers. Clients include electronics makers, heavy
machinery makers, other.
The sales volume for Dec/2010 fiscal term amounted to Yen
8,864 million, an 18% up from Yen 7,482 million in the previous term. Demand increased in China and S/E Asian countries. The recurring profit was posted at Yen 350
million and the net profit at Yen 1,473 million, respectively, compared with
Yen 152 million recurring profit nod Yen 1,315 million net profit,
respectively, a year ago.
For the term ending that ended Dec 2011 the recurring profit
was projected at Yen 160 million and the net profit at Yen 1,500 million,
respectively, on a 2% rise in turnover,, to Yen 9,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 383.4 million, on 30 days normal terms.
Date Registered: Mar 1948
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
19 million shares
Issued:
4.8 million shares
Sum: Yen 310 million
Major shareholders (%): Osaka Small & Medium
Business Promotion & Investment Assn (21), Employees’ S/Holding Assn (16),
Ichiro Yamauchi (2), other
No. of shareholders: 39
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures various types of rubber
belts for industrial-use (100%).
(Mfg items by Business Segments):
Papermaking: shoe press belts, polyurethane rolls, calendar
belts, spreader rolls, air shafts,
ceramic rolls;
Multifunction Printer: transfer rollers, drive rollers,
charge rollers, retard rollers & sheet fed belts, hysteresis torque
limiter;
Equipment: vibration isolation rubber, microphone
dampers, dusproof rubber, drive belts;
Disc Drives: vibration isolation rubber, precision
molded resin parts, shock absobing dampers, other;
Spinning: aprons for textile machines, rollers
for textile machines, apron & colts for textile machines, other.
Clients: [Mfrs, wholesalers] Panasonic Corp,
Ricoh, Sony Corp, Nippon Felt, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Kato Sansho,
Nippon Polymer, Koike Sangyo, other
Payment record: No
complaints
Location: Business
area in Hirakata City, Osaka-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Kinki
Osaka Bank (Honcho)
MUFG
(Hirakata)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
Annual
Sales |
|
9,000 |
8,864 |
7,482 |
11,103 |
|
Recur.
Profit |
|
160 |
350 |
152 |
123 |
|
Net
Profit |
|
1,500 |
1,473 |
1,315 |
-238 |
|
Total
Assets |
|
11,400 |
11,192 |
11,571 |
12,528 |
|
Current
Assets |
|
6,958 |
5,082 |
5,200 |
|
|
Current
Liabs |
|
|
3,111 |
3,736 |
|
|
Net
Worth |
|
|
6,830 |
6,528 |
6,464 |
|
Capital,
Paid-Up |
|
|
310 |
310 |
310 |
|
Div.P.Share(¥) |
|
|
5.00 |
2.50 |
5.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.53 |
18.47 |
-32.61 |
-5.53 |
|
|
Current Ratio |
|
.. |
163.36 |
139.19 |
.. |
|
N.Worth Ratio |
.. |
61.03 |
56.42 |
51.60 |
|
|
R.Profit/Sales |
|
1.78 |
3.95 |
2.03 |
1.11 |
|
N.Profit/Sales |
16.67 |
16.62 |
17.58 |
-2.14 |
|
|
Return On Equity |
.. |
21.57 |
20.14 |
-3.68 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.07 |
|
Euro |
1 |
Rs.67.39 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.