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Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
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Name : |
GOSS GRAPHIC SYSTEMS JAPAN CORP |
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Registered Office : |
2-5-15 Hirosedai Sayama City Saitama-Pref 350-1328 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
November 1996 |
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Com. Reg. No.: |
0300-01-029847 (Saitama-Sayama) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of printing presses, machinery & equipment |
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No. of Employees : |
120 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 43.9 Million |
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Status : |
Moderate |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
GOSS GRAPHIC SYSTEMS JAPAN CORP
REGD NAME: KK
Goss Graphic Systems Japan
MAIN OFFICE: 2-5-15
Hirosedai Sayama City Saitama-Pref 350-1328 JAPAN
Tel: 04-2954-1141 Fax: 04-2954-5940
E-Mail address: inquiry@goss-japan.jp
Mfg of printing
presses, machinery & equipment
Osaka, Fukuoka
At the caption
address
KAZUHIKO YASUZAWA,
PRE Hideaki Suzuki, dir
Yasuyuki Nakagawa,
dir Yasuyuki Gotanda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 1,927 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 2,133 M
TREND SLOW WORTH Yen
1,159 M
STARTED 1996 EMPLOYES 120
MFR OF PRINTING PRESSES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 43.9 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Goss International Corp, USA, as its mfg & marketing base in Japan. This is a specialized mfr of printing
machinery & equipment. Goods are
mostly supplied from the parent and its group firms worldwide. Clients include major newspaper publishing
companies.
The sales volume for Dec/2010 fiscal
term amounted to Yen 1,927 million, a 49% down from Yen 3,794 million in the
previous term. Consumers tend to go to
audio-visual & digital media from the printing matters. Sales decline substantially. The operations continued in the red to post
Yen 290 million recurring loss and Yen 801 million net losses, respectively,
compared with Yen 542 million recurring loss and Yen 530 million net loss,
respectively a year ago.
For the term that ended Dec 2011 the
operations were projected to come back to profitability but still limited to a
minimum amount, post-taxes, on a 4% rise in turnover, to Yen 2,000
million. Final results are yet to be
released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 43.9 million, on 30 days normal
terms.
Date Registered: Nov
1996
Regd No.: 0300-01-029847 (Saitama-Sayama)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 42,663 shares
Issued: 42,663 shares
Sum: Yen 2,133.16 million
Major
shareholders (%): Goss International Asia Pacific (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
printing machinery & equipment: web offset presses, print finishing
systems, other
(--100%)
Clients: [Newspaper publishers]
Asahi Shimbun, Yomiuri Shimbun Tokyo, Chunichi Shimbun, Kobe Shimbun, Sankei
Shimbun, other
No. of accounts:
200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nanto Denki, Montataire, Goss Graphic Systems Shanghai, Goss
Graphic Systems UK, Goss International Americas, other
Payment record: No
Complaints
Location: Business area in
Sayama City, Saitama-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References: MUFG (Toranomon-Chuo)
Mizuho
Corporate Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
|
2,000 |
1,927 |
3,794 |
7,267 |
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Recur.
Profit |
|
0 |
-290 |
-542 |
121 |
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Net
Profit |
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0 |
-801 |
-530 |
-100 |
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Total
Assets |
|
|
3,666 |
4,942 |
8,685 |
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Current
Assets |
|
|
1,672 |
2,376 |
5,998 |
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Current
Liabs |
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|
1,307 |
4,938 |
8,077 |
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Net
Worth |
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|
1,159 |
-596 |
-66 |
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Capital,
Paid-Up |
|
|
2,133 |
854 |
854 |
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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 |
3.79 |
-49.21 |
-47.79 |
-10.49 |
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Current Ratio |
|
.. |
127.93 |
48.12 |
74.26 |
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N.Worth Ratio |
.. |
31.61 |
-12.06 |
-0.76 |
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R.Profit/Sales |
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0.00 |
-15.05 |
-14.29 |
1.67 |
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N.Profit/Sales |
0.00 |
-41.57 |
-13.97 |
-1.38 |
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Notes: Forecast (or
estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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 |
-- |
This score serves as a reference to assess SCs 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.