MIRA INFORM REPORT

 

 

Report Date :           

08.08.2012

 

IDENTIFICATION DETAILS

 

Name :

KAMEYA INDUSTRIES CO LTD

 

 

Registered Office :

4-11-12 Kaminecho Hitachi Ibaraki-Pref 317-0064

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

January, 2004

 

 

Com. Reg. No.:

0500-01-023906 

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturing of parts for electric washing machines & refrigerators

 

 

No. of Employees :

73

 

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

 

Status :

Satisfactory

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 30th, 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

 

COMPANY NAME

 

KAMEYA INDUSTRIES CO LTD

 

 

REGD NAME 

 

KK Kameya Kogyosho

 

 

MAIN OFFICE

 

4-11-12 Kaminecho Hitachi Ibaraki-Pref 317-0064 JAPAN

Tel: 0294-21-4146      Fax: 0294-21-4760

 

URL:                 http://www.j-kame.co.jp

E-Mail address: info@j-kame.co.jp

 

 

ACTIVITIES

 

Mfg of parts for electric washing machines & refrigerators

 

 

BRANCHES

 

Nil

 

 

OVERSEAS

 

Shanghai

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

KO NEMOTO, PRES     Yoko Nemoto, dir

Miho Nemoto, dir                       Kenji Yoshikubo, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 3,115 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 40 M

TREND             SLOW                          WORTH                        Yen 98 M

STARTED         2004                             EMPLOYES      73

 

 

COMMENT

 

MFR OF PARTS/COMPONENTS FOR ELECTRIC WASHING MACHINES

& REFRIGERATORS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

                       

HIGHLIGHTS

           

The subject company was established was established originally in 1951 as Kameya Kogyosho KK for mfg parts for measuring instruments for Hitachi Ltd.  In Jan 2004 the firm was reorganized and established a new as Kameya Industries Co Ltd.  This firm specializes in mfg parts & components for electric washing machines, refrigerators, others.  80% of the products are shipped to Hitachi group firms.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Dec/2011 fiscal term amounted to Yen 3,115 million, a 1% up from Yen 3,082 million in the previous term.  The net profit was posted at Yen 13 million, compared with Yen 35 million a year ago.

 

For the current term ending Dec 2012 the net profit is projected at Yen 15 million, on a 3% rise in turnover, to Yen 3,200 million.    

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 56.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 2004

Regd No.:            0500-01-023906 (Ibaraki-Hitachi)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         160,000 shares

Issued:                40,000 shares

Sum:                   Yen 40 million

Major shareholders (%): Ko Nemoto (40), Miho Nemoto (30), Yoko Nemoto (30)

No. of shareholders: 3

 

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

 

 

OPERATION

           

Activities: Manufactures parts & components for washing machines (705), and for refrigerators (30%): regulating apparatus, small precision motors, small pumps, sensors, others.

 

Clients: [Mfrs, wholesalers] Hitachi Appliance (80%), Sanyo Electric, Hitachi Consumer Electronics, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Hitachi Ltd, Hitachi High Technologies, Mabuchi Motor Co, Nidec Servo Corp, Nitto Electric Wire & Harnesses Co, Hirosawa Mfg Co, Ito Co, Mutsuki Electric Co, other

 

Payment record: No Complaints

 

Location: Business area in Hitachi.  Office premises at the caption address are owned and maintained satisfactorily.

 

 

Bank References

 

Joyo Bank (Hitachi)

Mizuho Bank (Hitachi)

Relations: Satisfactory

 

 

FINANCES

 

 (In Million Yen)

　

　

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

3,200

3,115

3,082

2,620

Recur. Profit

　

　

　

　

　

Net Profit

　

15

13

35

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

98

85

50

Capital, Paid-Up

　

　

40

40

40

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.73

1.07

17.63

-3.92

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.47

0.42

1.14

0.38

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.50

UK Pound

1

Rs.86.40

Euro

1

Rs.68.70

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.