|
Report Date : |
01.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
URYU SEISAKU LTD |
|
|
|
|
Registered Office : |
1-2-11
Fukae-Minami Higashinariku Osaka 537-0002 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
April
1921 |
|
|
|
|
Com. Reg. No.: |
1200-01-011790
(Osaka-Higashinariku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of pneumatic, electric & hydraulic tools & accessories |
|
|
|
|
No. of Employees : |
316 |
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 : |
Usually 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 |
URYU SEISAKU LTD
Uryu Seisaku KK
1-2-11 Fukae-Minami Higashinariku Osaka 537-0002 JAPAN
Tel: 06-6973-9401 Fax:
06-6973-4368
E-Mail address: uryuair@uryuair.jp
Mfr of pneumatic, electric & hydraulic tools &
accessories
Tokyo, Sendai, Nagoya, Toyoda, Fukuoka, Ibaraki, Hiroshima,
other (Tot 9)
Australia (2), Austria, Belarus, Belgium, Brazil, Canada (2), Czech, China, Denmark, Finland, France, Germany, Hong Kong (2), Hungary, Iceland, India, Indonesia, Israel, Italy, Korea, Latvia, Malaysia, Mexico, Norway, Pakistan, Philippines, Romania, Singapore, South Africa, Spain, Taiwan, Thailand, Netherlands, Turkey, UK, and USA
At the caption address, Osaka, Nara
TAKUO URYU, PRES Kazumasa
Uryu, s/mgn dir
Jun’ichi Maruyama dir Koji
Tatsuno, dir
Sadatsugu Kawaguchi, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 6,173 M
PAYMENTS Usually
Correct CAPITAL Yen 82 M
TREND UP WORTH Yen 5,983 M
STARTED 1921 EMPLOYES 316
MFR OF PNEUMATIC POWER TOOLS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established in 1915
by Yasumichi Uryu as the first air tool mfr in Japan, on his account. Incorporated in 1921 the firm has been
succeeded by his descendants. This is a
specialized mfr of pneumatic, electric & hydraulic tools & accessories
(See OPERATION). More than 50% of the goods are exported. Domestic clients include automakers,
shipbuilders, heavy machinery makers, chemical industries, other, nationwide
The sales volume for Sept/2012 fiscal term
amounted to Yen 6,173 million, a 10% up from Yen 5,587 million in the previous
term. Demand rose from automakers and
exports increased into USA and S/E Asian countries. The recurring profit was posted at Yen 966
million and the net profit at Yen 576 million, respectively, compared with Yen
575 million recurring profit and Yen 472 million net profit, respectively, a
year ago.
For the current term ending Sept 2013 the
recurring profit is projected at Yen 980 million and the net profit at Yen 590
million, respectively, on a 2% rise in turnover, to Yen 6,300 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1921
Regd No.: 1200-01-011790 (Osaka-Higashinariku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 6
million shares
Issued: 1.65 million shares
Sum: Yen 82 million
Major shareholders (%): Hanako
Niiguma (39.0), Employees’ S/Holding Assn (24.9), Takuo Uryu (6.0), MUFG (4.8)
No. of shareholders: 17
Nothing detrimental is known as to the commercial morality
of executives.
Activities: Manufactures
pneumatic, electric and hydraulic power tools & accessories (--100%)
Exports (58%)
(Mfg Items): oil-pulse
wrenches, impact wrenches, patchet wrenches, open-end wrenches, geared
wrenches, angle nut runners, multiple nut runners, torque control types,
grinders, sanders & polishers, drills & tappers, percussion tools,
digital torque testers, other testers
Clients: [Automakers,
mfrs, wholesalers] Toyota Motor, Honda Motor, Daihatsu Motor, Nissan Motor,
Hino Motor, Mazda Motor, Kikusuzu Co, Yuasa Trading Co, Okaya & Co,
other
No.
of accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Yuasa Trading Co, Okaya & Co, Sugimoto & Co, Matsugashita
Seiko, Taiyo Gokin Co (Gokin means alloy-metals), Katsui Kogyo, Yoshino
Seisakusho, Ogawa Iron Works, other
Payment record: Usually
Correct
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Tamatsukuri)
Shoko Chukin Bank
(Umeda)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
|
Annual Sales |
|
6,300 |
6,173 |
5,587 |
4,733 |
|
Recur. Profit |
|
980 |
966 |
575 |
401 |
|
Net Profit |
|
590 |
576 |
472 |
195 |
|
Total Assets |
|
|
8,273 |
7,941 |
7,274 |
|
Current Assets |
|
|
5,902 |
5,895 |
|
|
Current Liabs |
|
|
1,596 |
1,658 |
|
|
Net Worth |
|
|
5,983 |
5,407 |
4,936 |
|
Capital, Paid-Up |
|
|
82 |
82 |
82 |
|
Div.P.Share(¥) |
|
|
5.00 |
5.00 |
3.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.06 |
10.49 |
18.04 |
11.26 |
|
|
Current
Ratio |
|
.. |
369.80 |
355.55 |
.. |
|
N.Worth
Ratio |
.. |
72.32 |
68.09 |
67.86 |
|
|
R.Profit/Sales |
|
15.56 |
15.65 |
10.29 |
8.47 |
|
N.Profit/Sales |
9.37 |
9.33 |
8.45 |
4.12 |
|
|
Return
On Equity |
.. |
9.63 |
8.73 |
3.95 |
|
Notes: Forecast (or estimated) figures for the 30/09/2013
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.