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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
REXXAM CO LTD |
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Registered Office : |
Soken Honmachi Bldg, 2-1-8 Minamihonmachi Chuoku Osaka
541-0054 |
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Country : |
Japan |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
November
1948 |
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Com. Reg. No.: |
(Osaka-Chuoku)
092225 |
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Legal Form : |
Limited Company |
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|
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Line of Business : |
Mfg of
electronics applied products, car parts, precision-machined products |
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|
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No. of Employees : |
917 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REXXAM CO LTD
KK Rexxam
Soken Honmachi
Bldg, 2-1-8 Minamihonmachi Chuoku Osaka 541-0054 JAPAN
Tel:
06-6262-0871 Fax: 06-6264-6993
*.. The is its Sports Business Division
E-Mail address: hp-contact@rexxam.co.jp
Mfg of
electronics applied products, car parts, precision-machined products
Tokyo,
Nagoya
Ireland,
Thailand, Czech, China (--subsidiaries & JV firms)
Kagawa
(2), Ehime
China
(2), Ireland, Thailand, Czech
SHINJI
OKANO, PRES Keiko Okano, ch
Hiroyuki
Sumida, v pres Yoshinobu
Ushida, dir
Kiyoshige
Nagai, dir Toshio Tsukada, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 39,687 M
PAYMENTS REGULAR CAPITAL Yen 48 M
TREND UP WORTH Yen 20,795 M
STARTED 1948 EMPLOYES 917
MFR O ELECTRONICS APPLID PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Kaoru Okano in order to make most of his experience in the subject line of business, as Ryusho Co Ltd. Present executives are his descendants. Renamed as captioned in 2010. This is a specialized mfr, wholly owned by the Okano family, of electronics applied products, car parts, ski gears, snowboard boots, other (See OPERATION). Operates mfg factories overseas: China (2), Ireland, Czech, and Thailand, all of subsidiaries & JV firms. Products are both imported and exported.
The sales volume for Dec/2011 fiscal term amounted to Yen 39,687 million, a 5% up from Yen 37,825 million in the previous term. Exports rose into China and other Asian emerging countries. Production in China was expanded. The net profit was posted at Yen 1,732 million, compared with Yen 1,283 million a year ago.
For the current term ending Dec 2012 the net profit is projected at Yen 1,800 million, on a 3% rise in turnover, to Yen 41,000 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1948
Regd No.: (Osaka-Chuoku) 092225
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
280,000 shares
Issued:
97,600 shares
Sum: Yen 48.8 million
Major shareholders (%): Shinji Okano (27), Keiko Okano
(22), Fuminori Tsukada (12)
No. of shareholders: 17
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures electronics applied products: PCB visual inspectors, supercritical rinser & dryer, claspers for automobiles, auto reflex vision tester, auto lens meter, electronics products, burner controllers, metal processed products, car parts, ski gears, snowboard boots, other (--100%).
Clients: [Mfrs, wholesalers] Daikin Ind (25%), Rexxam Ireland, Panasonic Corp, Hitachi Appliances, Tiger Corp, Ajinomoto Trading, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Corp, Hoei Denki Co, Rohm Co, Ryoden Trading, Kuroda Electric Co, Tachibana Eletech Co, Shirai Electronics Ind, Techno Associe Co, Green Electronics Corp, other
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Semba-Chuo)
Mizuho
Bank (Minami-Semba)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
Annual
Sales |
|
41,000 |
39,687 |
37,825 |
31,029 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
1,800 |
1,732 |
1,283 |
1,761 |
|
Total
Assets |
|
|
37,314 |
35,551 |
32,540 |
|
Current
Assets |
|
|
30,187 |
28,318 |
25,652 |
|
Current
Liabs |
|
|
11,190 |
11,230 |
10,164 |
|
Net
Worth |
|
|
20,795 |
19,063 |
17,780 |
|
Capital,
Paid-Up |
|
|
48 |
48 |
48 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.31 |
4.92 |
21.90 |
64.63 |
|
|
Current Ratio |
|
.. |
269.77 |
252.16 |
252.38 |
|
N.Worth Ratio |
.. |
55.73 |
53.62 |
54.64 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
4.39 |
4.36 |
3.39 |
5.68 |
|
|
Return On Equity |
.. |
8.33 |
6.73 |
9.90 |
|
Notes:
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.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.