MIRA INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SAKAMURA MACHINE CO LTD |
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Registered Office : |
46 Tominoshiro Shimotsuya Kumiyamacho Kusegun Kyoto-Pref 613-0035 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
March 1959 |
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Com. Reg. No.: |
(Osaka-Asahiku)
033898 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of formers |
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No. of Employees
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100 |
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 121.2 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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name
SAKAMURA MACHINE CO LTD
REGD NAME
KK Sakamura Kikai
Seisakusho
MAIN OFFICE
46 Tominoshiro
Shimotsuya Kumiyamacho Kusegun Kyoto-Pref 613-0035 , JAPAN
Tel: 0774-43-7000 Fax: 0774-44-5190
*.. Registered at: 2-11-24 Takadono Asahiku Osaka
E-Mail address: info@sakamura.org
ACTIVITIES
Mfg of
formers
BRANCHES
Tokyo
FACTORIES
At the
caption address
OFFICER(S)
Yoshikazu
Sakamura, ch TAKAYUKI NAKANO,
PRES
Hiroshi
Sakamura, mgn dir Mitsunori
Horio, mgn dir
Kyozo
Masuda, dir Hiroshi
Deguchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,843 M
PAYMENTS No Complaints CAPITAL Yen
300 M
TREND SLOW WORTH Yen
2,748 M
STARTED 1959 EMPLOYES 100
COMMENT
MFR SPECIALIZING IN FORMERS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 121.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1950 by Yoshikazu Sakamura, now ch at the firm, for mfg cold header, on his account, and was incorporated in Mar 1959. This is a specialized mfr of former (See OPERATION). Products are widely exported to USA, China, S/E Asian countries. Group firms consist of 5 former makers, 2 parts makers, 2 metal mold makers, and 3 maintenance/repairing firms, including Sakamura USA Inc. The firm offers total services mfg, design, plans, sales & marketing as a group.
FINANCIAL INFORMATION
The sales volume for Jun/2011 fiscal term amounted to Yen 4,843 million, a 71% up from Yen 2,831 million in the previous term. Market revived from the global economic downturn in the previous term. Sales rose. Exports revived and were robust. The net profit was posted at Yen 165 million, compared with Yen 28 million a year ago.
For the current term ending Jun 2012 net profit is projected at Yen 170 million, on a 3% rise in turnover, to Yen 5,000 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 121.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1959
Regd No.: (Osaka-Asahiku) 033898
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
24,000 shares
Issued:
6,000 shares
Sum: Yen 300 million
Major shareholders (%): Yoshikazu Sakamura (11.23),
Osaka Small & Medium Company Investment & Promotion (8.00), other
No. of shareholders:
Unavailable
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures formers: part former, bolt former, nut former, micro former, threading former, hot former, rotary rolling, others, including parts & components (--100%). Export (20%)
Clients: [Mfrs, wholesalers] Mitsubishi Corp, Tokai Sakamura, Ondo Corp, Saga Tekkosho, Timken Co, Tsubakimoto Kogyo, Osaka Seiko Co, Ibara Seiki, Saga Tekkosho, Matsuda Co, Sugiura Seisakusho, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Hayakawa Denki Chukosho, Matsuuchi Gokinsho, Yamada Tekkosho, Fuse Sakamura Machine, Hayakawa Tekkosho, Former Engineering Service, other.
Payment record: No Complaints
Location: Light industrial area in Kusegun, Kyoto-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Joto)
Kyoto
Bank (Kugoyama)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
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Annual
Sales |
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5,000 |
4,843 |
2,831 |
4,900 |
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Recur.
Profit |
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Net
Profit |
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170 |
165 |
28 |
170 |
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Total
Assets |
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6,613 |
5,633 |
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Current
Assets |
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5,011 |
4,182 |
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Current
Liabs |
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2,178 |
1,247 |
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Net
Worth |
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2,748 |
2,588 |
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Capital,
Paid-Up |
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300 |
300 |
300 |
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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 |
3.24 |
71.07 |
-42.22 |
-30.00 |
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Current Ratio |
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.. |
230.07 |
335.36 |
.. |
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N.Worth Ratio |
.. |
41.55 |
45.94 |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
3.40 |
3.41 |
0.99 |
3.47 |
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Return On Equity |
.. |
6.00 |
1.08 |
.. |
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Notes: Forecast
(or estimated) figures for the 30/06/2012 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.49.53 |
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UK Pound |
1 |
Rs.77.95 |
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Euro |
1 |
Rs.64.66 |
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.