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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
NISHIYAMA CORPORATION |
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Registered Office : |
4-11-11 Omori-Kita Otaku Tokyo 143-0016 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
July
1947 |
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Com. Reg. No.: |
0108-01-013514
(Tokyo-Otaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of industrial rubber & plastic
products, industrial machinery & equipment |
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No. of Employees : |
288 |
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 : |
Satisfactory |
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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) |
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|
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 |
NISHIYAMA CORPORATION
KK Nishiyama
4-11-11 Omori-Kita
Otaku Tokyo 143-0016JAPAN
Tel:
03-5767-5351 Fax: 03-5767-4156
URL: http://www.nishiyama.co.jp
E-Mail address: inform@nishiyama.co.jp
Import,
export, wholesale of industrial rubber & plastic products, industrial machinery & equipment
Osaka,
Nagoya, Hitachi, Akashi, Hiroshima, Fukuoka
New
York, Nebraska (--USA), Dusseldorf, Shanghai (--rep offices)
MASAYUKI
SATO, PRES Hiromu
Nishiyama, ch
Minoru
Kojima, mgn dir Takeshi
Kageyama, mgn dir
Haruyuki
Hatano, mgn dir Koji
Nakagawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 24,694 M
PAYMENTS REGULAR CAPITAL Yen 484 M
TREND UP WORTH Yen 7,314 M
STARTED 1947 EMPLOYES 288
TRADING FIRM SPECIALIZING IN INDUSTRIAL RUBBER PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1916 by a certain
Nishiyama for handling industrial rubber products, on his account, as Nishiyama
Rubber Shoten. Incorporated in 1947 the
firm has been succeeded by his descendants.
This is a trading firm for import, export and wholesale of industrial
equipment, transportation machinery & equipment, information &
communications, electronics, semiconductors, other (See OPERATION). Business into
energy & utilities fields account for over 40% of total sales. Clients include gas companies, railways,
machinery makers, other, nationwide.
The sales volume for Mar/2011 fiscal term amounted to Yen 24,694
million, a 16% up from Yen 21,214 million in the previous term. Newly founded Nebraska Office
contributed. Price hikes of the material
products also contributed. The recurring
profit was posted at Yen 649 million and the net profit at Yen 359 million,
respectively, compared with Yen 97 million recurring profit and Yen 56 million
net profit, respectively, a year ago.
For the term that ended Mar 2012 the recurring profit was projected at
Yen 710 million and the net profit at Yen 370 million, respectively, on a 6%
rise in turnover, to Yen 26,100 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: July 1947
Regd No.: 0108-01-013514 (Tokyo-Otaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
17 million shares
Issued:
4.38 million shares
Sum: Yen 484 million
Major shareholders (%): Hiromu Nishiyama (15.0), Tomoo
Yajima (14.1)
No. of shareholders: 85
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of industrial rubber & plastic products,
industrial equipment, measuring instruments, other (--100%)
(Handling Items):
Energy Systems
Division: NEXT lining method, measuring diaphragms for gas meters, gas bags,
insertion-type waterproof devices, infrared radiation temperature measuring
instruments, corrosion protection materials, sDSL transmission equipment, ISDN
central office simulators, test system for type approval, facsimile tester;
Industrial
Equipment Division: FDR high precision rubber vulcanization (curving) tester, omniseals by
US Saint Gobain Performance Plastic Inc, metallic seal rings, manipulators by
Schilling robotics LLC, hoses;
Electro
Controllers Division: meter to measure dissolved ozone in liquid,
ultrasonic dosimeter, use point temperature control system.
Clients: [Mfrs,
wholesalers] Tokyo Gas Co, Kawasaki Heavy Ind, Japan Railways, Hitachi Ltd,
Tokyo Electron, Advantest, Nippon Sharyo Co, Japan Transport Engineering Co,
other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyo Rubber Ind, Yokohama Rubber, Togawa Rubber, Sumitomo 3M Ltd,
Nitto Kohki Co, Nishikawa Rubber Co, Rion Co, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC
(Omori)
Mizuho
Bank (Omori)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
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Annual
Sales |
|
26,100 |
24,694 |
21,214 |
24,922 |
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Recur.
Profit |
|
710 |
649 |
97 |
339 |
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Net
Profit |
|
370 |
359 |
56 |
526 |
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Total
Assets |
|
|
18,392 |
16,638 |
16,700 |
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Current
Assets |
|
|
11,694 |
10,124 |
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Current
Liabs |
|
|
8,925 |
7,671 |
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Net
Worth |
|
|
7,314 |
7,035 |
6,946 |
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Capital,
Paid-Up |
|
|
484 |
484 |
484 |
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Div.P.Share(¥) |
|
|
15.00 |
10.00 |
10.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.69 |
16.40 |
-14.88 |
-4.82 |
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Current Ratio |
|
.. |
131.03 |
131.98 |
.. |
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N.Worth Ratio |
.. |
39.77 |
42.28 |
41.59 |
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R.Profit/Sales |
|
2.72 |
2.63 |
0.46 |
1.36 |
|
N.Profit/Sales |
1.42 |
1.45 |
0.26 |
2.11 |
|
|
Return On Equity |
.. |
4.91 |
0.80 |
7.57 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
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UK Pound |
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
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 |
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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 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.