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Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SANTOKU CORPORATION |
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Registered Office : |
4-14-34 Fukaekitamachi Higashinadaku Kobe 658-0013 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
August 1949 |
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Com. Reg. No.: |
1400-01-001609 (Kobe-Higashinadaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg, processing of metals, ferroalloys, chemicals, other |
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No. of Employees : |
220 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 309.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
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 |
SANTOKU CORPORATION
REGD NAME: KK
Santoku
MAIN OFFICE: 4-14-34
Fukaekitamachi Higashinadaku Kobe 658-0013 JAPAN
Tel:
078-431-0532
Fax: 078-431-6522
*.. The given address is its Tokyo
Branch Office
URL: http://www.santoku-corp.co.jp
E-Mail address: info@santoku-corp.co.jp
Mfg, processing of
metals, ferroalloys, chemicals, other
Tokyo
China, USA
At the caption
address, Akashi, Miki (--Hyogo); China
CHIKARA OKADA,
PRES Yusuke Inoue, ch
Shusaku Hirata,
mgn dir Jiro Nakanishi, mgn
dir
Masanori
Nakatsuka, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 21,634 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
1,500 M
TREND STEADY WORTH Yen
4,209 M
STARTED 1949 EMPLOYES 220
MFG, PROCESSING OF METALS, FERROALLOYS, CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$1,000,000 / O/A 90 DAYS.
MAX CREDIT LIMIT:
YEN 309.2 MILLION, 30 DAYS NORMAL TERMS
The subject company was established
by Akira Inoue originally in 1937 for mfg ferroalloys, on his account. Incorporated in 1949 the firm has been
succeeded by his descendants. This is a
specialized mfg & processing firm specializing in metals, rare metals,
ferroalloys, chemicals, other. It has
four operation divisions: metals, magnets, batteries and chemicals. Rare earth metals are imported from China
centrally. Clients include metal mfg
firms, chemical firms, other.
The sales volume for Mar/2011 fiscal
term amounted to Yen 21,634 million, a 78% up from Yen 12,132 million in the
previous term. This is referred to the
sharp increase of materials prices, including rare metals. The operations came back to profitability to
post Yen 1,892 million recurring profit and Yen 1,684 million net profit,
respectively, compared with Yen 746 million recurring loss and Yen 478 million
net losses, respectively, a year ago.
For the current term ending Mar 2012
the recurring profit is projected at Yen 2,050 million and the net profit at
Yen 1,800 million, on a 10% rise in turnover, to Yen 23,700 million. The business is seen expanding steadily.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 309.2 million, on 30 days normal
terms. The proposed amount for 90 days
terms is considered well within the firms financial capacities.
Date Registered: Aug
1949
Regd No.:
1400-01-001609 (Kobe-Higashinadaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 12 million shares
Issued: 3 million shares
Sum: Yen 1,500 million
Major
shareholders (%): Biko Chemical Co (49), Sojitz Corp (37), Employees S/Holding
Assn (11), Yusuke Inoue (10), SMBC (9)
No. of shareholders: 167
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures and
processes metals, rare metals, batteries, chemicals, recycling of metals, other
(--100%).
(Mfg,
processing items by divisions):
Metals
Div: metals, ferroalloy products, lithium, rare earth products, blocks,
wires, powders, lithium foils, other;
Magnets
Div: neodymium magnet alloys, samarium-cobalt magnet alloys, other;
Batteries
Div: metal hydrate, negative electrode coils, lithium cobalt oxide, other;
Chemicals
Div: zirconium compounds, cobalt oxide, magnet powder recycling, other.
Clients: [Mfrs,
wholesalers] Hitachi Ltd, TDK, Neomax Kinki, Samsung Japan, Hitachi Maxell,
Santoku America Inc, Biko Chemical Co, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sojitz Corp, Santoku America Inc, Biko Chemical Co, Hanwa Corp,
Alconix Corp, Osaka Asahi Co, Samwood Co, other
Imports from China, USA, other
Payment record: No Complaints
Location: Business area in
Kobe. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
SMBC (Ashiya)
Resona Bank (Kobe)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
|
Annual
Sales |
|
23,700 |
21,634 |
12,132 |
15,754 |
|
Recur.
Profit |
|
2,050 |
1,892 |
-746 |
|
|
Net
Profit |
|
1,800 |
1,684 |
-478 |
-1,818 |
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Total
Assets |
|
|
22,523 |
16,969 |
17,264 |
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Current
Assets |
|
|
14,568 |
9,826 |
|
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Current
Liabs |
|
|
14,244 |
8,155 |
|
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Net
Worth |
|
|
4,209 |
2,530 |
3,010 |
|
Capital,
Paid-Up |
|
|
1,500 |
1,500 |
1,500 |
|
Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
9.55 |
78.32 |
-22.99 |
-1.54 |
|
|
Current Ratio |
|
.. |
102.27 |
120.49 |
.. |
|
N.Worth Ratio |
.. |
18.69 |
14.91 |
17.44 |
|
|
R.Profit/Sales |
|
8.65 |
8.75 |
-6.15 |
.. |
|
N.Profit/Sales |
7.59 |
7.78 |
-3.94 |
-11.54 |
|
|
Return On Equity |
.. |
40.01 |
-18.89 |
-60.40 |
|
Notes: Forecast (or
estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.30 |
|
|
1 |
Rs.81.36 |
|
Euro |
1 |
Rs.67.97 |
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 |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 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.