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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
UTAX CO LTD |
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Registered Office : |
201-1 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1967 |
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Com. Reg. No.: |
1400-01-076023 (Hyogo-Nishiwaki) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of dress-making materials |
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No. of Employees : |
125 |
RATING & COMMENTS
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MIRAs 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 : |
-- |
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 |
A2 |
A2 |
|
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 |
UTAX CO LTD
REGD NAME: KK
Utax
MAIN OFFICE: 201-1
Nomuracho Nishiwaki City Hyogo-Pref 577-0054
Tel:
0795-23-5511 Fax: 0795-22-5522
E-Mail address: (thru the URL)
Mfg of
dress-making materials
Tokyo
China (4),
Thailand, Indonesia, Taiwan, USA, France, Mexico
(subcontracted) China
(4), Thailand, Indonesia
SHOHEI UDAKA, PRES Setsuo Udaka, ch
Michio Sanae,
s/mgn dir Norio Hasegawa, mgn
dir
Hisayoshi
Kajiwara, dir Masanori
Sakabe, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,764 M
PAYMENTS REGULAR CAPITAL Yen
90 M
TREND UP WORTH Yen 4,600 M
STARTED 1967 EMPLOYES 125
MFR OF DRESS-MAKING MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by Setsuo Udaka in order to make most of his experience in the subject line of
business. This is a trading firm, with
mfg division, for import and wholesale of dress-making materials, inner wear,
other. Goods are imported from China,
Thailand, Indonesia, Taiwan, USA, France, Mexico, other. Operates 10 overseas office, including mfg
factories. Clients include major apparel
mfrs, wholesalers, other, nationwide.
The sales volume for Mar/2011 fiscal
term amounted to Yen 2,764 million, a 17% up from Yen 2,360 million in the
previous term. Exports were robust. Newly opened Mexico Office (opened in
Oct/2010) contributed to sales in South American markets. The recurring profit was posted at Yen 410
million and the net profit at yen 257 million, respectively, compared with Yen
31 million recurring loss and Yen 96 million net profit, respectively, a year
ago.
For the term that ended Mar 2012 the
recurring profit was projected at Yen 430 million and the net profit at Yen 270
million, respectively, on a 5% rise in turnover, to Yen 2,900 million. Business is seen expanding steadily. Final results are yet to be released.
The financial situation is considered FAIR and
good for ORDINARY business engagements.
Date Registered: Apr 1967
Regd No.:
1400-01-076023 (Hyogo-Nishiwaki)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 720,000 shares
Issued: 180,000 shares
Sum: Yen 90 million
Major shareholders (%): Shohei Udaka
(24.1), Osaka Small & Medium Business
Promotion & Investment Assn (24.1),
Takao Tomoshige (12.3), Employees S/Holding Assn (8.4)
No. of shareholders: 21
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
(consigned), imports, exports and wholesales apparel & dress-making
materials: underwear/innerwear (14%), hook & eye tapes (11％), nonwoven fabrics (8%), wires (5%), bias tapes (5%),
adjustors, other (56%)
Exports
(22%).
Clients: [Mfrs,
wholesalers] Wacoal Corp, Gunze Corp, Triumph International Japan, Itochu Corp,
Atsugi Co, Belluna Co, Uniqlo Co, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
YKK Snap Fasteners, Inoac Corporation, Oishi Industries, Shindo Co, other
Payment record: Regular
Location: Business area in
Nishiwaki City, Hyogo-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Himeji-Chuo)
SMBC (Himeji)
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 |
|
2,900 |
2,764 |
2,360 |
2,781 |
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Recur.
Profit |
|
430 |
410 |
-31 |
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Net
Profit |
|
270 |
257 |
96 |
-291 |
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Total
Assets |
|
|
5,673 |
5,200 |
5,120 |
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Current
Assets |
|
|
2,234 |
1,740 |
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Current
Liabs |
|
|
846 |
429 |
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Net
Worth |
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|
4,600 |
4,357 |
4,268 |
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Capital,
Paid-Up |
|
|
90 |
90 |
90 |
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Div.P.Share(₯) |
|
|
50.00 |
50.00 |
50.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
4.92 |
17.12 |
-15.14 |
-2.42 |
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Current Ratio |
|
.. |
264.07 |
405.59 |
.. |
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N.Worth Ratio |
.. |
81.09 |
83.79 |
83.36 |
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R.Profit/Sales |
|
14.83 |
14.83 |
-1.31 |
.. |
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N.Profit/Sales |
9.31 |
9.30 |
4.07 |
-10.46 |
|
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Return On Equity |
.. |
5.59 |
2.20 |
-6.82 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
-- |
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.