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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
HASHIMOTO DENKI CO LTD |
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Registered Office : |
5-1-17
Shindencho Takahama Aichi-Pref 444-1301 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
August
1954 |
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Com. Reg. No.: |
1803-01-015874
(Aichi-Takahama) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of plywood mfg machines, roller conveyors |
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No. of Employees : |
103 |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
|
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 |
HASHIMOTO DENKI CO LTD
Hashimoto Denki
Kogyo KK
5-1-17 Shindencho Takahama
Aichi-Pref 444-1301 JAPAN
Tel:
0566-53-1866 Fax: 0566-53-6914
E-Mail address: info@hdk-co.com
Mfg of
plywood mfg machines, roller conveyors, other
Nil
At the
caption address
YASUNORI
HASHIMOTO, PRES
Jun’ichiro Hashimoto, mgn dir Shegeki Takeda, dir
Kiyoshi
Nagasawa, dir Shinjiro Kamiya, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,199 M
PAYMENTS
REGULAR CAPITAL Yen 96 M
TREND STEADY WORTH Yen 3,488 M
STARTED 1954 EMPLOYES 103
MFR OF
PLYWOOD MFG MACHINERY & RELATED.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established originally in 1945 by Saburo
Hashimoto for mfg plywood processing equipment, on his account. Incorporated in 1954, the firm has been
succeeded by his descendants. Yasunori
is the founder’s son, who took the pres office in 1986. This firm specializes in mfg plywood mfg
machines & equipment centrally, roller conveyers, others (See OPERATION).
Goods are also imported and exported.
The sales volume for Jun/2011 fiscal term amounted to Yen 3,199 million,
a 61% up from Yen 1,986 million in the previous term. The rapid recovery of building &
construction industries from what was substantially affected by the global economic
downturn in the previous term. Exports
also grew rapidly. The operations came
back to profitability to post Yen 212 million recurring profit and Yen 117
million net profit, respectively, compared with Yen 40 million recurring loss
and Yen 43 million net losses, respectively, a year ago.
For the current term ending Jun 2012 the recurring profit is projected
at Yen 220 million and the net profit at Yen 120 million, respectively, on a 3%
rise in turnover, to Yen 3,300 million.
Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Aug
1954
Regd No.: 1803-01-015874 (Aichi-Takahama)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 768,000
shares
Issued: 192,000
shares
Sum: Yen 96
million
Major shareholders (%): Yasunori Hashimoto (11),
Employees’ S/Holding Assn (9), Jun’ichiro Hashimoto (5), Hashiei Kogyo (5)
No. of shareholders:
50-100
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures,
imports & exports plywood mfg machines & related (--100%).
(Products lines):
Automatic
Production Facilities: basic palletizing robot, internal debarring system,
automatic inking system, reserve tank welding robot, rear suspension automatic
sub-assembly line;
Building Materials
Facilities: veneer welder, suction stacker, panel coating system, scarf joiner,
direct system, automatic reeling;
Housing Production
Facilities: ALC corner panel, designing machines, JD jet dryer, container automatic
feed system, other.
Clients: [Mfrs,
wholesalers] Sumitomo Forestry Crest, Toyota Tsusho Corp, Seihoku Group, Sanko
Plywood, Temco, Okaya & Co, Nisshin Group, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Tokai Shoji, Uroko Machinery, Itoh Dendo Kogyo, Hashiei Kogyo, Ito
Dendo Kogyo Co, Meiji Electric Ind, other.
Payment record: Regular
Location: Business area in
Takahama City, Aichi-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Aichi
Bank (Kariya)
SMBC
(Kariya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
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Annual
Sales |
|
3,300 |
3,199 |
1,986 |
4,589 |
|
Recur.
Profit |
|
220 |
212 |
-40 |
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Net
Profit |
|
120 |
117 |
-43 |
191 |
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Total
Assets |
|
|
6,659 |
4,347 |
4,370 |
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Current
Assets |
|
|
5,417 |
3,194 |
|
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Current
Liabs |
|
|
2,833 |
516 |
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Net
Worth |
|
|
3,488 |
3,370 |
3,422 |
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Capital,
Paid-Up |
|
|
96 |
96 |
96 |
|
Div.P.Share(¥) |
|
|
0.00 |
7022.00 |
13368.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.16 |
61.08 |
-56.72 |
-36.54 |
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Current Ratio |
|
.. |
191.21 |
618.99 |
.. |
|
N.Worth Ratio |
.. |
52.38 |
77.52 |
78.31 |
|
|
R.Profit/Sales |
|
6.67 |
6.63 |
-2.01 |
.. |
|
N.Profit/Sales |
3.64 |
3.66 |
-2.17 |
4.16 |
|
|
Return On Equity |
.. |
3.35 |
-1.28 |
5.58 |
|
Notes:
Forecast (or estimated) figures for the 30/06/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
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 |
|
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 |
|
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 |
|
---- |
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.