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Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
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Name : |
HAYASHI KINZOKU KOGYO KK |
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Registered Office : |
1-357-1 Fudo-Nishimachi Tokushima 770-0064
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Country : |
Japan |
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Financials (as on) : |
31.10.2012 |
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Date of Incorporation : |
November 1974 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of mirror, mirror
metals, nursing-care beds |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the
economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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 |
HAYASHI KINZOKU KOGYO KK
Hayashi Kinzoku
Kogyo KK
1-357-1 Fudo-Nishimachi
Tokushima 770-0064 JAPAN
Tel:
088-634-0550
Fax: 088-634-0551
*.. The given address is representative office in Ibaraki-Pref
URL: http://www.hayashikinzoku.com
E-Mail address: (thru the URL
Mfg of
mirror, mirror metals, nursing-care beds, other
Toride
(Ibaraki)
At the
caption address
YUJI
HAYASHI, PRES
Yoshimi
Hayashi, dir
Michiko
Hayashi, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES R/WEAK A/SALES Yen 25 M
PAYMENTS Slow but Correct CAPITAL Yen
10 M
TREND SLOW WORTH Yen 114 M
STARTED 1974 EMPLOYES 6
MFR OF MIRRORS & METAL PRODUCTS.
FINANCIAL SITUATION CONSIDERED RATHER
WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company
was established by Yuji Hayashi in order to make most of his experience in the
subject line of business. This is a
specialized mfr of mirrors (compact mirrors, desk mirrors), mirror metals,
cabinet, metal products. In 2008 started
mfg nursing-care beds & beddings.
Financials are only
partially disclosed.
The sales volume for
Oct/2012 fiscal term amounted to Yen 25 million, a 17% down from Yen 30 million
in the previous term. The operations
continued in the red to post Yen 3 million net losses, similarly in the
previous term.
For the current term
ending Oct 2013 the operations are projected to come back to profitability but
still limited to a minimum amount post-taxes, on a 20% rise in turnover, to Yen
30 million. Nursing-care beds are much
demanded.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
Date Registered: Nov 1974
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Toshiyuki Hayashi (50), Yoshimi
Hayashi (30), Yuji Hayashi (20)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures mirrors (desk mirror, compact mirror), mirror metals,
furniture metals, nursing-care beds & beddings, partition panels, room
panels, other (--100%)
Clients: [Mfrs, wholesalers] Fuji Furniture, Bankyu Co, Arborex Corp, Maruishi
Shoji, other
No. of accounts: 100
Domestic areas of activities:
Centered in Tokushima-Pref
Suppliers: [Mfrs, wholesalers] Ogawako Kinzoku, Wakama Kanamono, Shizuoka Kinzoku
Ind, Akiyama Metal Ind, Yoshioka Tetsuzai, Shirokuma Co, other
Payment record: Slow
but Correct
Location: Business area in Tokushima.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Awa Bank (Sako)
Shikoku Bank (Tokushima-Nishi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
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Annual
Sales |
|
30 |
25 |
30 |
35 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
0 |
-3 |
-3 |
-3 |
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Total
Assets |
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|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
114 |
111 |
108 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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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 |
20.00 |
-16.67 |
-14.29 |
-10.26 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.00 |
-12.00 |
-10.00 |
-8.57 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/10/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
UK Pound |
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
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 |
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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 |
|
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 |
|
---- |
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.