|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
OSAKA TECHNOCRAT CO LTD |
|
|
|
|
Registered Office : |
1-3 Shijodori Sakai City Osaka-Pref 590-0045 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
April 2002 |
|
|
|
|
Com. Reg. No.: |
(Osaka-Sakai) 010128 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of central heating & cooling systems |
|
|
|
|
No. of Employees : |
23 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 |
OSAKA TECHNOCRAT CO LTD
KK Osaka
Technocrat
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
Mfg of
central heating & cooling systems
Tokyo,
Sapporo
At the
caption address
YOSHITSUGU
MINE, PRES
Tetsuo
Wada, s/mgn dir
Yoshimi
Masuda, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 1,711 M
PAYMENTS SLOW CAPITAL Yen 40 M
TREND STEADY WORTH Yen
102 M
STARTED 2002 EMPLOYES 23
MFR OF CENTRAL HEATING & COOLING SYSTEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS.
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.
The sales volume for Mar/2012 fiscal term amounted to Yen 1,711 million, a 3% up from Yen 1,669 million in the previous term. Demand for solar hybrid systems rose. The net profit was posted at Yen 8 million, compared with Yen 17 million a year ago. Financials are only partially disclosed for this term.
For the current term ending Mar 2013 the net profit is projected at Yen 15 million, on a 5% rise in turnover, to Yen 1,800 million. Demand for energy-saving heating & cooling systems for condominiums continue rising.
The financial situation is considered FAIR and good for ORDINARY business engagements.
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.
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, Fuji Jyutaku, 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, LIXIL, TOTO Kansai Hambai, other
Payment record: Slow
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
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
1,711 |
1,669 |
1,658 |
1,683 |
|
Recur.
Profit |
|
|
17 |
29 |
|
|
Net
Profit |
|
8 |
17 |
27 |
-66 |
|
Total
Assets |
|
|
1,089 |
1,275 |
1,280 |
|
Current
Assets |
|
|
938 |
1,076 |
|
|
Current
Liabs |
|
|
398 |
548 |
|
|
Net
Worth |
|
102 |
94 |
76 |
49 |
|
Capital,
Paid-Up |
|
|
40 |
40 |
40 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.52 |
0.66 |
-1.49 |
-34.39 |
|
|
Current Ratio |
|
.. |
235.68 |
196.35 |
.. |
|
N.Worth Ratio |
.. |
8.63 |
5.96 |
3.83 |
|
|
R.Profit/Sales |
|
.. |
1.02 |
1.75 |
.. |
|
N.Profit/Sales |
0.47 |
1.02 |
1.63 |
-3.92 |
|
|
Return On Equity |
.. |
18.09 |
35.53 |
-134.69 |
|
Notes:
The figures for the 31/03/2012 fiscal term are actual ones, but are only
partially disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
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.