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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
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Name : |
OZAX CORPORATION |
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Registered Office : |
1-6-6 Bakurocho Chuoku Osaka 541-8589 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September 1920 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of consumer goods, synthetic resin materials, pulp & paper, paperboards, industrial machines, foods |
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No. of Employees : |
252 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
|
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 |
OZAX CORPORATION
Ozax KK
1-6-6 Bakurocho
Chuoku Osaka 541-8589 JAPAN
Tel:
06-6271-2701 Fax: 06-6271-2760
*.. The given address is its Tokyo Headquarters
E-Mail address: (thru
the URL)
Import, export, wholesale of consumer goods, synthetic resin materials, pulp & paper, paperboards, industrial machines, foods
Tokyo, Nagoya, Sapporo, Fukuoka, Sendai, Yamanashi, Okinawa
USA,
China (3), Singapore, Malaysia (2), Thailand, Vietnam
(subcontracted)
TOYOHIRO
OZAKI, PRES Toshihiro Ozaki, ch
Kazuaki
Kikuchi, s/mgn dir Masao
Miyatsuji, s/mgn dir
Kimiko
Ozaki, adv
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 72,438 M
PAYMENTS No
Complaints CAPITAL Yen 200 M
TREND UP WORTH Yen 9,037 M
STARTED 1920 EMPLOYES 252
TRADING FIRM SPECIALIZING IN PULP & PAPER, PAPER
PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Toshihiro Ozaki in order to make most of his experience in the subject line of business. This is a trading firm, with mfg division, for import, export and wholesale of pulp & paper, synthetic resin materials, paperboard, industrial machines, other. Operates 9 overseas offices: USA, China, Singapore, Malaysia, Thailand and Vietnam. Clients are food makers, restaurants, other
The sales volume for Mar/2012 fiscal term amounted to Yen 72,438 million, an almost similar amount of Yen 72,155 million in the previous term. The recurring profit was posted at Yen 1,431 million and the net profit at Yen 812 million, respectively, compared with Yen 1,551 million recurring profit and Yen 901 million net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected at Yen 1,500 million and the net profit at Yen 830 million, respectively, on a 3% rise in turnover, to Yen 74,500 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Sept 1920
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 8
million shares
Issued:
2 million shares
Sum: Yen 200 million
Major shareholders (%): Employees’ S/Holding Assn
(14.2), Nippon Paper (10.0), Tokyo Paper Mfg (8.0), Global
Orchid (7.9), Toshihiro Ozaki (7.4), Tomoegawa Co (6.0)
No. of shareholders: 43
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for import, export and wholesale of: pulp & paper, synthetic resin materials (43%), consumer goods, others (46%), paperboards, paper products (12%).
Export 3%
Clients: [Mfrs, wholesalers] Tokan Kogyo Co, Shidax Food Service, Rengo, McDonald’s Japan, Kokuyo Inc, Fuji Echo Co, Watami Foods, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nippon Paper, Nippon Daishowa Paper, Mitsui Chemical Fabro Inc, Kuraray Ind, other
Payment record: No Complaints
Location:
Business area in Osaka. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Semba)
Resona
Bank (Semba)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
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Annual
Sales |
|
74,500 |
72,438 |
72,155 |
70,640 |
|
Recur.
Profit |
|
1,500 |
1,431 |
1,551 |
1,317 |
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Net
Profit |
|
830 |
812 |
901 |
1,714 |
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Total
Assets |
|
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31,294 |
30,757 |
31,048 |
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Current
Assets |
|
|
24,243 |
23,843 |
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Current
Liabs |
|
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21,670 |
21,909 |
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Net
Worth |
|
|
9,037 |
8,229 |
7,649 |
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Capital,
Paid-Up |
|
|
200 |
200 |
200 |
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Div.P.Share(¥) |
|
|
10.00 |
10.00 |
10.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
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S.Growth Rate |
2.85 |
0.39 |
2.14 |
-4.35 |
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Current Ratio |
|
.. |
111.87 |
108.83 |
.. |
|
N.Worth Ratio |
.. |
28.88 |
26.75 |
24.64 |
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R.Profit/Sales |
|
2.01 |
1.98 |
2.15 |
1.86 |
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N.Profit/Sales |
1.11 |
1.12 |
1.25 |
2.43 |
|
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Return On Equity |
.. |
8.99 |
10.95 |
22.41 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
---- |
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.