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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
YONEZAWA KOKI CO LTD |
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Registered Office : |
1-33-16 Todoroki
Setagayaku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
December
1957 |
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Com. Reg. No.: |
0109-01-012608
(Tokyo-Setagayaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of machine tools, metal cutting tools, measuring instruments, cad/cam systems |
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No. of Employees : |
59 |
RATING & COMMENTS
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MIRA’s 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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Status : |
Moderate |
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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 |
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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 |
YONEZAWA KOKI CO LTD
Yonezawa Koki KK
1-33-16 Todoroki
Setagayaku Tokyo 158-0032 JAPAN
Tel: 03-3703-2131 Fax: 03-2703-2130
URL: www.yonek.co.jp
E-mail: mori@yonek.co.jp
Import,
export, wholesale of machine tools, metal cutting tools, measuring Instruments,
CAD/CAM systems
Utsunomiya,
Fukushima, Nagoya, Fukuoka
China
(2), Thailand (Bangkok)
(subcontracted)
Mitsuaki
Yonezawa, ch
TOSHIKAZU AOKI, PRES
Sadayoshi Yokochi, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,842 M
PAYMENTS No
Complaints CAPITAL Yen 70 M
TREND SLOW WORTH Yen 741 M
STARTED 1957 EMPLOYES 59
TRADING
FIRM SPECIALIZING IN MACHINE TOOLS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Mitsuaki Yonezawa in order to
make most of his experience in the subject line of business. Toshikazu Aoki took the pres office in Mar
2005 when Mitsuaki promoted to the ch.
This is a trading firm specializing in import, export and wholesale of
machine tools, measuring instruments, metal cutting tools, lab instruments,
CAD/CAM systems, other. Strong in
machining centers, NC lathes, particularly after dealership agreement closed in
Apr 2005 with Okuma Corp, top class machine tool mfr, with strength in medium
& large MCs & NC lathes. Operates
three overseas offices for marketing & purchasing. Major clients include auto makers,
electronics makers other.
The sales volume for Dec/2011 fiscal term amounted to Yen 5,842 million,
a 0.6% up from Yen 5,805 million in the previous term. The recurring profit was posted at Yen 85
million and the net profit at Yen 32 million, respectively, compared with Yen
24 million recurring profit and Yen 344 million net losses, respectively, a
year ago. .
For the current term ending Dec 2012 the recurring profit is projected
at Yen 90 million and the net profit at Yen 35 million, respectively, on a 3%
rise in turnover, to Yen 6,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements
Date Registered: Dec 1957
Regd No.: 0109-01-012608
(Tokyo-Setagayaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
560,000 shares
Issued:
140,000 shares
Sum: Yen
70 million
Major shareholders (%): Mitsuaki Yonezawa (33.6), Ikue
Yonezawa (25.7), Toshikazu Aoki (8.6), other
No. of shareholders: 13
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales machine tools, industrial machinery, cutting tools, other:
machining centers NC lathes, metal cutting tools, drills, measuring
instruments, lab instruments, wires, metal products, CAD/CAM systems, and other
PC software (--100%).
Clients: [Mfrs,
wholesalers] Honda Motors, Stanley Electric, Fuji Heavy Ind, Hitachi Metal,
Canon Mold, Hitachi Chemical, NOK, Hitachi Ltd, Nippon Molex Co, other.
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Okuma Corp, Makino Milling Machine, Mitsubishi Electric,
Mitsubishi Heavy Ind Plastic Machinery, Yamazaki Mazack Corp, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Bank
of Yokohama (Tamagawa)
MUFG
(Jiyugaoka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
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Annual
Sales |
|
6,000 |
5,842 |
5,805 |
5,092 |
|
Recur.
Profit |
|
90 |
85 |
24 |
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Net
Profit |
|
35 |
32 |
-34 |
8 |
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Total
Assets |
|
|
4,632 |
4,236 |
3,671 |
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Current
Assets |
|
|
2,819 |
2,639 |
|
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Current
Liabs |
|
|
2,673 |
2,279 |
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Net
Worth |
|
|
741 |
740 |
1,110 |
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Capital,
Paid-Up |
|
|
70 |
70 |
70 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
2.70 |
0.64 |
14.00 |
-34.72 |
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Current Ratio |
|
.. |
105.46 |
115.80 |
.. |
|
N.Worth Ratio |
.. |
16.00 |
17.47 |
30.24 |
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R.Profit/Sales |
|
1.50 |
1.45 |
0.41 |
.. |
|
N.Profit/Sales |
0.58 |
0.55 |
-0.59 |
0.16 |
|
|
Return On Equity |
.. |
4.32 |
-4.59 |
0.72 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
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 |
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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 |
|
<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.