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Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
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Name : |
NIPPON HAKUYO ELECSTRONIC LTD (HAKUYO MEANS SHIPBOARD) |
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Registered Office : |
2-40-7 Higashi-Kanagawa Kanagawaku |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
October 1981 |
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Com. Reg. No.: |
0200-01-024108 (Yokohama-Kanagawaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export, wholesale of electronic shipboard equipment (communications) |
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No. of Employees : |
55 |
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 : |
-- |
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 |
NIPPON HAKUYO ELECSTRONIC LTD (Hakuyo means
shipboard)
REGD NAME: Nihon
Hakuyo Electronics KK
MAIN OFFICE: 2-40-7
Higashi-Kanagawa Kanagawaku Yokohama 221-0044
Tel:
045-453-6911 Fax: 045-693-6910
URL: http://www.nhe.co.jp
E-Mail address: nippaku@nhe.co.jp
Export, wholesale
of electronic shipboard equipment (communications)
KATSUNOBU
YASUNAGA, PRES
Eiji Osaka, dir
Yasuo Hayashi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 3,010 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen 2,315 M
STARTED 1981 EMPLOYES 55
TRADING FIRM SPECIALIZING IN ELECTRONIC SHIPBOARD EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by Katsunobu Yasunaga on the basis of taking over business operations of
electronic shipboard equipment from Oki Group.
This is a trading firm for export and wholesale of electronic shipboard
equipment for communications (See OPERATION). Clients include major shipbuilders, heavy
machinery makers, other, nationwide.
The sales volume for Mar/2011 fiscal term amounted to Yen 3,010 million,
a 9% down from Yen 3,300 million in the previous term. This is referred to the slumping shipbuilding
industry. The net profit was posted at
Yen 196 million, compared with Yen 285 million a year ago.
For the term that ended Mar 2012 the
net profit was projected at Yen 210 million, on a 5% rise in turnover, to Yen
3,150 million. Final results are yet to
be released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Oct
1981
Regd No.:
0200-01-024108 (Yokohama-Kanagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Katsunobu Yasunaga (33), Oki Electric Inc (15), Hiroshi Ito (10),
No.
of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports and
wholesales electronic shipboard equipment (communications) of Oki Group make
(--100%)
(Handling
Items): automatic telephone exchange, digital automatic exchange, external alarm
units, trunk line display, auto telephone, common battery telephone,
battery-less telephone, terminal box, receptacles, spare parts, peripheral
equipment for telephones, fire alarm control panel, detector, flame detection,
intrinsically safe detector, master clock, amplifier, control panel, speaker,
cargo loading system, software, other.
Clients: [Shipbuilders,
mfrs, wholesalers] Mitsubishi Heavy Ind, Mitsui Engineering & Shipbuilding
Ind, Kawasaki Heavy Ind, Universal Shipbuilding, Oki Electric Ind, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Oki Electric Ind, Citizen Systems, Shizuoka Oki Electric Ind, JVC
Kenwood Corp, Oki Denki Bohsai Co, other
Payment record: Regular
Location: Business area in
Yokohama. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Yokohama-Ekimae)
MUFG
(Yokohama-Nishiguchi)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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3,010 |
3,300 |
3,506 |
3,087 |
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Recur.
Profit |
|
|
487 |
514 |
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Net
Profit |
|
196 |
285 |
291 |
239 |
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Total
Assets |
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3,451 |
3,456 |
3,129 |
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Current
Assets |
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2,770 |
2,804 |
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Current
Liabs |
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1,321 |
1,605 |
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Net
Worth |
|
2,315 |
2,119 |
1,835 |
1,550 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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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 |
-8.79 |
-5.88 |
13.57 |
-0.42 |
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Current Ratio |
|
.. |
209.69 |
174.70 |
.. |
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N.Worth Ratio |
.. |
61.40 |
53.10 |
49.54 |
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R.Profit/Sales |
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.. |
14.76 |
14.66 |
.. |
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N.Profit/Sales |
6.51 |
8.64 |
8.30 |
7.74 |
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Return On Equity |
.. |
13.45 |
15.86 |
15.42 |
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Notes: Resulted
figures for the 31/03/2011 fiscal term, but only partially disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.86 |
|
|
1 |
Rs.87.93 |
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Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 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.