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Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
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Name : |
HAMAMOTO LUMBER CO LTD |
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Registered Office : |
Shinkiba Mokuzai Danchi, 3-3-4 Shinkiba Kotoku Tokyo 136-0082 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
November, 1957 |
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Com. Reg. No.: |
0106-01-005175 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of timber, wood deck, housing kits |
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No. of Employees : |
2 |
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 : |
No Complaints |
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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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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
HAMAMOTO LUMBER CO
LTD
Hamamoto Mokuzai KK
Shinkiba Mokuzai Danchi, 3-3-4 Shinkiba Kotoku Tokyo 136-0082 JAPAN
Tel: 03-3521-7211 Fax:
03-3521-7214
URL: http://www.hamamotolumber.com
E-Mail address: info@hamamotolumber.com
Import, wholesale of timber, wood deck, housing kits
Nil
ATSUKO HAMAMOTO, PRES
Shin’ya Sengoku, dir
Toshiyuki Wakinosono, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 267 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
40 M
TREND UP WORTH Yen 390 M
STARTED 1957 EMPLOYES 2
IMPORTER OF TIMBER & HOUSING MEMBERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
This is an old-established firm dating back to 1906 when S Hamamoto
started the business, on his account.
The area is called the town of wood/timber as the products used to be
transported down the River. Incorporated
in 1957 the firm has been succeeded by his descendants. This is a trading firm specializing in import
and wholesale of wood, timber, wood-deck, housing members, housing kits, other. Goods are imported widely from South Africa,
USA, Canada, S/E Asia, Africa, Australia, other. Woods are partially processed into housing
members at a consigned factory.
Financials are only partially disclosed.
The sales volume for Oct/2011 fiscal term amounted to Yen 267 million, a
9% up from Yen 244 million in the previous term. Price hikes of some of the products
contributed. The net profit was posted
at Yen 16 million, compared with Yen 10 million a year ago.
For the current term ending Oct 2012 the net profit is projected at Yen
18 million, on a 5% rise in turnover, to Yen 280 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 4.8 million, on 30 days normal terms.
Date Registered: Nov 1957
Regd No.: 0106-01-005175 (Tokyo-Kotoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 320,000
shares
Issued:
80,000 shares
Sum: Yen 40 million
Major shareholders
(%): Jiro Hamamoto (75), Atsuko Hamamoto (15), Keiko Sengoku (5), Atsuko
Wakinosono (5)
No. of
shareholders: 4
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales woods, timbers, cut timbers, wood-deck, housing members, housing
kits, others (--100%)
Clients: [Mfrs,
wholesalers] Nakasho Mokuzai KK (80%), Hosoda Mokuzai Kogyo Co (10%), Bism
Company, other
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from Brazil (80%), Australia, Malaysia, other.
Also supplied from Nakasho Mokuzai (10%), Sawamura & Shibasawa
Shoji, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kiba-Fukagawa)
Shoko Chukin Bank (Shinkiba)
Relations: Satisfactory
(In Million Yen)
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31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual Sales |
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280 |
267 |
244 |
272 |
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Recur. Profit |
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Net Profit |
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18 |
16 |
10 |
4 |
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Total Assets |
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N/A |
N/A |
583 |
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Net Worth |
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390 |
374 |
364 |
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Capital, Paid-Up |
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40 |
40 |
40 |
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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 |
4.87 |
9.43 |
-10.29 |
-47.49 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
62.44 |
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N.Profit/Sales |
6.43 |
5.99 |
4.10 |
1.47 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/10/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.97 |
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1 |
Rs.85.45 |
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Euro |
1 |
Rs.69.45 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.