MIRA
INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
RB CONTROLS CO LTD |
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Registered Office : |
71 Kannondomachi Kanazawa Ishikawa-Pref 920-0352 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
January 1971 |
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Com. Reg. No.: |
(Ishikawa-Kanazawa) 000690 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of gas/oil control systems |
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No. of Employees : |
401 |
RATING & COMMENTS
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MIRAs 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 654.6 Million |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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) |
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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 and address
RB CONTROLS CO LTD
REGD NAME: R
B Controls KK
MAIN OFFICE: 71 Kannondomachi
Kanazawa Ishikawa-Pref 920-0352 JAPAN
Tel:
076-268-0198 Fax: 076-268-1278
URL: http://www.rbcontrols.co.jp
E-Mail address: hp^eigyo@rbj.jp
ACTIVITIES
Mfg of gas/oil
control systems
BRANCHES
Kanazawa, Hakusan,
Ishikawa
OVERSEAS
Seoul, Shanghai
FACTORIES
At the caption
address
OFFICERS
ATSUSHI SONODA,
PRES
Susumu Naito, ch
Sojiro Taniguchi,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 18,586 M
PAYMENTS REGULAR CAPITAL Yen 150 M
TREND STEADY WORTH Yen
9,751 M
STARTED 1971 EMPLOYES 401
COMMENT
MFR OF GAS/OIL CONTROL SYSTEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 654.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
on the basis of a division separated from Rinnai Corp (See REGISTRATION). This is a specialized mfr of gas/oil burning
control systems. Has two overseas marketing
bases in Korea & China. Clients
include major mfrs, wholesalers, other, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal
term amounted to Yen 18,586 million, a 1.4% down from Yen 18,328 million in the
previous term. The recurring profit was
posted at Yen 759 million and the net profit at Yen 8 million, respectively,
compared with Yen 521 million recurring profit and Yen 377 million net profit,
respectively, a year ago. Wrote off
extraordinary losses of Yen 759 million for the term.
For the current term ending Mar 2012
the recurring profit is projected at Yen 760 million and the net profit at Yen
300 million, respectively, on an 8% rise in turnover, to Yen 20,000
million. Thanks to a brisk rebuilding
demand relating to the recent Quake in North Japan, domestic sales will be
larger than expected.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 654.6 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Jan
1971
Regd No.:
(Ishikawa-Kanazawa) 000690
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 222,800 shares
Issued: 222,800 shares
Sum: Yen 150 million
Major
shareholders (%): Rinnai Corp* (100)
*.. Rinnai Corp, mfr
of gas appliances, Nagoya, founded 1950, listed Tokyo, Nagoya S/Es, capital
Yen 6,450 million, sales Yen 239,416 million, operating profit Yen 25,238
million, recurring profit Yen 26,824 million, net profit Yen 15,510, total assets
Yen 222,692 million. Net worth Yen 139,979 million, employees 8,394, pres
Hiroyasu Naito
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
gas/oil burning control systems & appliances (--100%)
Clients: [Mfrs,
wholesalers] Rinnai Corp, Sharp Corp, Gastar Co, Hitachi Housetec Inc, Ryoden
Trading Co, Yamaha Living Co, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Rinnai Corp, Shimizu Syntec Co, Ryoden Trading Co, Hitachi AIC,
Fujitsu Device, other
Payment record: Regular
Location: Business area in
Kanazawa. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Hokkoku Bank
(Kanazawa-Chuo)
MUFG
(Kanazawa-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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20,000 |
18,586 |
18,328 |
17,964 |
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Recur.
Profit |
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760 |
759 |
621 |
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Net
Profit |
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300 |
8 |
377 |
338 |
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Total
Assets |
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17,380 |
16,891 |
347 |
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Current
Assets |
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12,036 |
9,684 |
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Current
Liabs |
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7,350 |
6,753 |
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Net
Worth |
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9,751 |
9,827 |
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Capital,
Paid-Up |
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150 |
150 |
150 |
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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 |
7.61 |
1.41 |
2.03 |
-0.20 |
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Current Ratio |
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.. |
163.76 |
143.40 |
.. |
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N.Worth Ratio |
.. |
56.10 |
58.18 |
0.00 |
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R.Profit/Sales |
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3.80 |
4.08 |
3.39 |
.. |
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N.Profit/Sales |
1.50 |
0.04 |
2.06 |
1.88 |
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Return On Equity |
.. |
0.08 |
3.84 |
.. |
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Notes: Forecast (or
estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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|
1 |
Rs.82.87 |
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Euro |
1 |
Rs.69.13 |
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 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.