MIRA INFORM REPORT
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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
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Name : |
YAMABISHI CORPORATION |
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Registered Office : |
2-4-18
Omori-Kita Ohtaku Tokyo 143-0016 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
March
1958 |
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Com. Reg. No.: |
(Tokyo-Ohtaku)
015499 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of power supply |
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No. of Employees
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68 |
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 10.0 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Japan |
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 |
YAMABISHI CORPORATION
KK Yamabishi
2-4-18 Omori-Kita
Ohtaku Tokyo 143-0016 JAPAN
Tel:
03-3767-8861 Fax: 03-3767-7080
URL: http://www.yamabishi.co.jp/
E-mail: info@yamabishi.co.jp
Mfg of
power supply
Nagoya,
Osaka
Ebina
(Kanagawa)
KAZUNORI
HASUIKE, PRES
Tetsuro
Tsuboi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
1,092 M
PAYMENTS No
Complaints CAPITAL Yen 30 M
TREND UP WORTH Yen 223 M
STARTED 1958 EMPLOYES 68
MFR
SPECIALIZING IN POWER SUPPLY
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$300,000 / O/A 120 DAYS
MAX
CREDIT LIMIT: YEN 10.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1939 by father of
Kazunori Hasuike, on his account, in order to make most of his experience in
the subject line of business. Originally
the firm was selling electric equipment & parts. Incorporated in 1958, the firm switched
operations to the making of power supply & parts. Products manufactured are: circle changer,
DC/AC inverter, high voltage power supply, uninterruptible power supply (UPS),
other (See OPERATION). Clients are electronics makers, electricity
makers, and other mfrs, nationwide
The sales volume for Mar/2011 fiscal term amounted to Yen 1,092 million,
a 31% up from Yen 832 million in the previous term. Large lots of orders received from
makers. Exports increased. The recurring profit was posted at Yen 94
million and the net profit at Yen 17 million, respectively, compared with Yen
12 million a year ago.
For the term that ended Mar 2012 the recurring profit was projected at
Yen 100 million and the net profit at Yen 20 million, respectively, on a 5%
rise in turnover, to Yen 1,150 million.
Large lot orders continued.
Exports increased. 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 10.0 million, on 30 days normal terms. The proposed amount for 120 days terms is
considered well within the firm’s financial capacities.
Date Registered: Mar 1958
Regd No.: (Tokyo-Ohtaku) 015499
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 240,000
shares
Issued: 60,000 shares
Sum: Yen 30
million
Major shareholders (%):
Kazunori Hasuike & families (--100%)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
power supply & parts: circle changer, DC/AC inverter, battery charge –
discharge devices, high voltage power supply, voltage regulator/transformer,
electric measuring instruments, uninterruptible power supply (UPS), DC power
supply, automatic voltage regulator, load equipment, other (--100%).
Clients: [Electronic
makers, wholesalers] Toshiba System Technology, Japan Aerospace Exploration
Agency, Fuji Electric Systems, Meiji Electric Ind, Ryoden Trading, Nihon
Denkei, Ryosan Co, Yokogawa & Co, Shikoku Kakoki Co, Yokogawa & Co,
Electric Power Development Co, Nishikawa Keisoku Co, Shikoku Kakoki Co, other
No. of accounts: 600
Domestic areas of
activities: Nationwide
Suppliers [Mfrs,
wholesalers] Ryosan, Ryoden Trading, Yoshimi Trading, Kyodo Denki Co, Miyoshi
Electronics, Hitachi Kasei Shoji, Futaba Kogyo, Shinwa Denshi, Sakamoto Koki
Co, Hamasonic Co, Higashi Electronics Ind, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Bank
of Yokohama (Ohmori)
Resona
Bank (Toranomon)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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1,150 |
1,092 |
832 |
1,210 |
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Recur.
Profit |
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100 |
94 |
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8 |
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Net
Profit |
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20 |
17 |
12 |
9 |
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Total
Assets |
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1,604 |
1,642 |
1,744 |
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Current
Assets |
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515 |
528 |
531 |
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Current
Liabs |
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367 |
477 |
438 |
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Net
Worth |
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223 |
205 |
193 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
5.31 |
31.25 |
-31.24 |
-21.73 |
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Current Ratio |
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.. |
140.33 |
110.69 |
121.23 |
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N.Worth Ratio |
.. |
13.90 |
12.48 |
11.07 |
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R.Profit/Sales |
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8.70 |
8.61 |
.. |
0.66 |
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N.Profit/Sales |
1.74 |
1.56 |
1.44 |
0.74 |
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Return On Equity |
.. |
7.62 |
5.85 |
4.66 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 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.51.55 |
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UK Pound |
1 |
Rs.81.95 |
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Euro |
1 |
Rs.67.57 |
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.