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Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
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Name : |
OKAMOTO ELECTRONICS CORPORATION |
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Registered Office : |
4-8-4 Nipponbashi Naniwaku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May 1985 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of electronic equipment, parts, components |
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No. of Employees : |
327 |
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 : |
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) |
|
Japan |
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 |
OKAMOTO ELECTRONICS CORPORATION
REGD NAME: Okamoto
Musen Denki KK
MAIN OFFICE: 4-8-4
Nipponbashi Naniwaku
Tel:
06-6643-4671 Fax: 06-6633-6389
E-Mail address: (thru the URL)
Import, export,
wholesale of electronic equipment, parts, components
Tokyo, Sendai, Nagoya,
Kyoto, Himeji, Hiroshima, Fukuoka (Tot 16)
China (3), Hong
Kong, Singapore, Thailand, Vietnam
Hiroshi Okamoto,
pres Akihiko Kurano, dir
Ryuichi
Hashiguchi, dir Tsutomu
Hosobuchi, dir
Yoshiyuki
Nakashima, dir Yoshinori Fukuma, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 38,974 M
PAYMENTS REGULAR CAPITAL Yen
350 M
TREND UP WORTH Yen 6,973 M
STARTED 1985 EMPLOYES 327
TRADING FIRM SPECIALIZING IN ELECTRONIC MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
originally in 1940 by Katsuyoshi Okamoto for selling electronic parts, on his
account. Incorporated in 1950, and then
in 1985 reorganized by merging sister companies, the present Okamoto
Electronics Corporation was established.
Hiroshi is the founders son.
This is a trading firm specializing in import, export and wholesale of
electronics parts & equipment: semiconductors, automation components,
measuring instruments, tools, other.
Goods are actively exported.
Domestic suppliers include major electronics mfrs, wholesalers, other,
nationwide.
The sales volume for Mar/2011 fiscal
term amounted to Yen 38,974 million, an 18% up from Yen 33,035 million in the
previous term. Exports were robust into
China and other S/E Asian countries. The
recurring profit was posted at Yen 484 million and the net profit at Yen 288
million, respectively, compared with Yen 80 million recurring profit and Yen 42
million net profit, respectively, a year ago.
For the term that ended Mar 2012 the
recurring profit was projected at Yen 475 million and the net profit at Yen 275
million, respectively, on a 3% fall in turnover, to Yen 38,000 million. Exports and profits were hurt by the high Yen
in Yen terms. Semiconductor market was
down. Final results are yet to be
released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: May
1985
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 7,200 shares
Issued: 1,800 shares
Sum: Yen 350 million
Major
shareholders (%): Ohtori Corp* (100)
*.. Ohtori Corp, Osaka, founded 1950,
trading firm specializing in the similar line of business with the subject, and
a sister company, presided by Hiroshi Okamoto, with executives and employees
the same with the subject, sales Yen 4,265 million, net profit Yen 91 million,
employees 11, pres Hiroshi Okamoto, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales electronics parts & components (50%), semiconductors (35%),
automatic components (10%), measuring instruments (5%).
Clients: [Mfrs,
wholesalers] Denso Digital Corp, Furuno Electric Co, Daikoku Denki Co,
NORITZ Corp, DX Antenna, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sharp Corp, Panasonic Corp, TDK, Murata Mfg Co, Kyocera Corp,
Hirose Electric Co, Sanshin Electric Co, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption address
are owned and maintained satisfactorily.
Bank References:
SMBC (Namba)
MUFG (Semba-Chuo)
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 |
|
38,000 |
38,974 |
33,035 |
40,237 |
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Recur.
Profit |
|
475 |
484 |
80 |
118 |
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Net
Profit |
|
275 |
288 |
42 |
85 |
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Total
Assets |
|
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19,525 |
17,398 |
17,779 |
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Current
Assets |
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18,193 |
15,804 |
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Current
Liabs |
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11,420 |
10,069 |
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Net
Worth |
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6,973 |
6,689 |
7,067 |
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Capital,
Paid-Up |
|
|
350 |
350 |
350 |
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Div.P.Share(₯) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
-2.50 |
17.98 |
-17.90 |
-14.04 |
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Current Ratio |
|
.. |
159.31 |
156.96 |
.. |
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N.Worth Ratio |
.. |
35.71 |
38.45 |
39.75 |
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R.Profit/Sales |
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1.25 |
1.24 |
0.24 |
0.29 |
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N.Profit/Sales |
0.72 |
0.74 |
0.13 |
0.21 |
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Return On Equity |
.. |
4.13 |
0.63 |
1.20 |
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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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
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 |
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-- |
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.