|
Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAKAI KOUHAN CO
LTD |
|
|
|
|
Registered Office : |
4-543-3 Miyake-Nishi Matsubara City Osaka-Pref 580-0045 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.04.2012 |
|
|
|
|
Date of Incorporation : |
Sept
1963 |
|
|
|
|
Legal Form : |
Limited
Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Mfg,
processing of steel sheets (shirring) |
|
|
|
|
No. of Employees : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II,
government-industry cooperation, a strong work ethic, mastery of high
technology, and a comparatively small defense allocation (1% of GDP) helped
Japan develop a technologically advanced economy. Two notable characteristics
of the post-war economy were the close interlocking structures of
manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest economy
in the world after second-place China, which surpassed Japan in 2001, and
third-place India, which edged out Japan in 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy
|
Source
: CIA |
SAKAI KOUHAN CO LTD
REGD NAME: Sakai
Kouhan KK
MAIN OFFICE: 4-543-3
Miyake-Nishi Matsubara City Osaka-Pref 580-0045 JAPAN
Tel: 0723-31-1300 Fax: 0723-36-1334
*..
Registered at: 1-9-8 Sakai Osaka-Pref
**
The is its Osaka Branch Office
URL: http://www.sakaikouhan.com
E-mail Address: info@sakaikouhan.com
Mfg,
processing of steel sheets (shirring)
Tokyo,
Nagoya, Fukuoka, Osaka (as given)
China,
Bangladesh, Vietnam
At the
caption address, Sakai (3), Osaka, Fukuyama
Shingo
Tsuda, ch KATSUHISA
TSUDA, PRES
Takashi Tanaka, s/mgn dir Makoto Takahashi, s/mgn dir Emiko
Tsuda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 12,752 M
PAYMENTSSlow
but correct CAPITAL Yen 20 M
TREND SLOW WORTH Yen 11,644 M
STARTED 1963 EMPLOYES 80
MFR & PROCESSOR OF STEEL SHEETS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established by Shingo Tsuda in order to make most of his
experience in the subject line of business.
Katsuhisa Tsuda is his son. This
is a specialized mfr specializing in mfg (shirring) & processing of sheet
iron, hot rolled steel sheets, pickled steel sheets, other. Also recently advanced into making solar
panels. Active in overseas expansion,
operating offices in China, Vietnam and Bangladesh. Domestic clients include steel mills, steel
traders, other, nationwide.
The sales
volume for Apr/2012 fiscal term amounted to Yen 12,752 million, a 2% up from
Yen 12,556 million in the previous term.
The recurring profit was posted at Yen 72 million and the net profit at Yen
51 million, respectively, compared with Yen 186 million recurring profit and
Yen 131 million net profit, respectively, a year ago.
For
the current term ending Apr 2013 the recurring profit is projected at Yen 75
million and the net profit at Yen 53 million, respectively, on a 2% rise in
turnover, to Yen 13,000 million. Sales
of solar panels continue rising. Exports
also are rising into China & Vietnam.
Business is seen steadily expanding.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements.
Date Registered: Sept 1963
Regd No.: (Osaka-Sakai)
002525
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
40,000 shares
Sum: Yen 20 million
Major shareholders (%): Katsuhisa Tsuda (35), Yukiko
Nishiyama (30), Emiko Tsuda (27.5), Shingo Tsuda (7.5)
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures and processes: steel
sheets, surface-treated steel sheets, galvanized steel sheets, colored steel
sheets, hot-rolled & pickled steel sheets; metal-working machines &
equipment, warehousing & cargo truck forwarding, solar panels (deck roof type,
inclined roof type, folded plate type roof, other), other (--100%)
Clients: [Steel mills, steel traders] JFE
Steel, Sumikin Bussan Corp, Hanwa Corp, Marubeni-Itochu Steel Inc, Steel Center
Co, Kanpo Steel Co, Steel Center, Nisshin A&C Co, Toyota Tsusho Corp, Metal
One Co, Tsukiboshi Shoji Co, Itochu Corp, Chiyoda Metals, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Marubeni-Itochu
Steel Inc, Kanpo Steel Co, Mitsui & Co, Metal
One Corp, Hanwa Co, JFE Shoji Trading, Tsukiboshi Shoji, Toyotsu Tekkou Hanbai, Shinsho Corp, Kobe Steel Ltd, Nippon
Steel Corp, Sumitomo Metal Ind, Nakayama Trading Co, other.
Payment record:
Regular
Location:
Business area in Matsubara City, Osaka-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Sakai)
Ikeda
Senshu Bank (Matsubara)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
|
|
Annual
Sales |
|
13,000 |
12,752 |
12,556 |
11,103 |
|
Recur.
Profit |
|
75 |
72 |
186 |
190 |
|
Net
Profit |
|
53 |
51 |
131 |
213 |
|
Total
Assets |
|
|
6,320 |
6,522 |
7,315 |
|
Current
Assets |
|
|
4,484 |
4,640 |
5,344 |
|
Current
Liabs |
|
|
3,089 |
2,135 |
2,887 |
|
Net
Worth |
|
|
1,644 |
1,593 |
1,461 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.94 |
1.56 |
13.09 |
-34.38 |
|
|
Current Ratio |
.. |
145.16 |
217.33 |
185.11 |
|
|
N.Worth Ratio |
.. |
26.01 |
24.43 |
19.97 |
|
|
R.Profit/Sales |
0.58 |
0.56 |
1.48 |
1.71 |
|
|
N.Profit/Sales |
0.41 |
0.40 |
1.04 |
1.92 |
|
|
Return On Equity |
.. |
3.10 |
8.22 |
14.58 |
|
Note:
Forecast (or estimated) for the 30/04/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.37 |
|
|
1 |
Rs.83.99 |
|
Euro |
1 |
Rs.67.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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
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.