|
Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
YAMAMOTO KIRYO CO LTD |
|
|
|
|
Registered Office : |
12-1 Aoicho Okazaki Aichi-Pref 444-0913 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
November 1973 |
|
|
|
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Com. Reg. No.: |
1803-01-002271 (Aichi-Okazaki) |
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|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, export of
knitting machines, knitting needles, threads, flowers, other |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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
YAMAMOTO KIRYO CO LTD
REGD NAME: Yamamoto
Kiryo KK
MAIN OFFICE: 12-1
Aoicho Okazaki Aichi-Pref 444-0913 JAPAN
Tel:
0564-23-5630 Fax: 0564-25-1897
URL: http://www.smile.cci.or.jp/yamamoto
E-Mail address: (thru the URL)
Import, export of
knitting machines, knitting needles, threads, flowers, other
Nil
Shanghai (China)
ISAMU SUGIYAMA,
PRES
Chieko Sugiyama,
dir
Taneko Sugiyama,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 190 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 65 M
STARTED 1973 EMPLOYES 5
TRADING FIRM SPECIALIZING IN KNITTING MACHINES, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was
established by Isamu Sugiyama in order to make most of his experience in the
subject line of business. This is a
trading firm for export of used knitting machines, their parts and accessories,
and import cut flowers, gloves, glove making equipment, other. Imports from China, Korea, Thailand, India,
Indonesia, Malaysia, other S/E Asian countries.
Has a liaison office in Shanghai, China. Clients include knitting industry, glove
makers, flower markets, other
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for Sept/2012 fiscal term amounted
to Yen 190 million, a 4% up from Yen 182 million in the previous term. Exports of used knitting machines increased
into China, other. The operations,
however, plunged into the red to post Yen 4 million net losses for the term,
hurting from the high Yen. This compares
with Yen 1 million net profit a year ago
For the current term
ending Sept 2013 the net profit is projected at Yen 5 million, on a 3% rise in
turnover, to Yen 195 million. The weaker
Yen may increase export revenues in Yen terms.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov
1973
Regd No.:
1803-01-002271 (Aichi-Okazaki)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Isamu Sugiyama, Chieko Sugiyama (--100)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports used
knitting machines, their parts & accessories (threads, needles, machine
needles, other), import cut flowers, gloves, working gloves, other (--100%)
Clients: Knitting
industry, working gloves makers, flower markets, other
No. of accounts: 200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from China, Korea, Thailand, India, Indonesia, Malaysia,
other.
Payment record: Slow but correct
Location: Business area in
Okazaki. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Okazaki Shinkin
Bank (Honmachi)
Resona Bank
(Nagoya)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
|
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
Annual
Sales |
|
195 |
190 |
182 |
180 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
5 |
-4 |
1 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
65 |
69 |
68 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.63 |
4.40 |
1.11 |
-10.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
2.56 |
-2.11 |
0.55 |
0.56 |
|
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.