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Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TAMAKI SANGYO CO LTD |
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Registered Office : |
Osaka-Ekimae No.3 Bldg 24F, 1-1-3 Umeda
Kitaku Osaka 530-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April
1973 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, import of iron & steel products |
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|
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No. of Employees : |
06 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
TAMAKI SANGYO CO LTD
Tamaki Sangyo KK
Osaka-Ekimae No.3 Bldg 24F, 1-1-3 Umeda
Kitaku Osaka 530-0001 JAPAN
Tel:
06-6341-7548 Fax: 06-6343-1927
URL: N/A
Export,
import of iron & steel products
Nil
TAKEHIKO
OKAMOTO, PRES
Kenji Nishijima, mgn dir
Norio
Takano, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,396 M
PAYMENTS No Complaints CAPITAL Yen 32 M
TREND STEADY WORTH Yen 857 M
STARTED 1973 EMPLOYES 6
TRADING FIRM SPECIALIZING IN EXPORT OF IRON/STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Takehiko Okamoto in order to make most of his experience in the subject line of business. Takehiko took the pres office in Apr 2008. This is a trading firm, owned & operated by the Okamoto family, specializing in export of iron & steel products. Goods are exported mainly to S/E Asian countries: Korea, Taiwan, Indonesia, India, China, other.
The sales volume for Mar/2012 fiscal term amounted to Yen 4,396 million, a 31% up from Yen 3,342 million in the previous term. Exports increased into China and other S/E Asian countries. Volume of sales compensated for the loss from high Yen. The recurring profit was posted at Yen 174 million and the net profit at Yen 86 million, compared with Yen 180 million recurring profit and Yen 98 million net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected at Yen 180 million and the net profit at Yen 900 million, respectively, on a 2% rise in turnover, to Yen 4,500 million. Exports continue expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1973
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
256,000 shares
Issued:
64,000 shares
Sum: Yen 32 million
Major shareholders (%): Takehiko
Okamoto (41.3), Taku Okamoto (35.9), Nobuko Okamoto
(6.3), Kenji Nishijima (1.6)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports, imports and wholesales iron & steel products (--100%)
Clients: [Mfrs, wholesalers] Exports to India, Korea, Indonesia, China, Taiwan, Thailand, other. Domestic clients: Hagihara Ind Inc, Teramoto Sharing Co, Sakakura Sharing Co, Koyo Sharing Co, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] JFE Electrical Steel Co, Daewoo Japan, Naigai Steel Co, Teramoto Sangyo Co, JFE Steel Trade Corp, Sumikin Bussan Corp, Sakai Kouhan Co, Onoken Co, other
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Amagasaki Shinkin Bank
(Osaka)
MUFG
(Osaka-Ekimae)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
4,500 |
4,396 |
3,342 |
2,439 |
|
Recur.
Profit |
|
180 |
174 |
180 |
|
|
Net
Profit |
|
90 |
86 |
98 |
54 |
|
Total
Assets |
|
|
1,469 |
1,380 |
1,117 |
|
Current
Assets |
|
|
1,311 |
1,196 |
|
|
Current
Liabs |
|
|
612 |
598 |
|
|
Net
Worth |
|
|
857 |
782 |
693 |
|
Capital,
Paid-Up |
|
|
32 |
32 |
32 |
|
Div.P.Share(¥) |
|
|
10.00 |
10.00 |
10.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.37 |
31.54 |
37.02 |
-10.95 |
|
|
Current Ratio |
|
.. |
214.22 |
200.00 |
.. |
|
N.Worth Ratio |
.. |
58.34 |
56.67 |
62.04 |
|
|
R.Profit/Sales |
|
4.00 |
3.96 |
5.39 |
.. |
|
N.Profit/Sales |
2.00 |
1.96 |
2.93 |
2.21 |
|
|
Return On Equity |
.. |
10.04 |
12.53 |
7.79 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
|
|
1 |
Rs.89.30 |
|
Euro |
1 |
Rs.71.61 |
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.