|
Report Date : |
09.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUZUKI WARPER LTD |
|
|
|
|
Registered Office : |
4-329-5 Aioicho Kiryu Gunma-Pref 376-0011 |
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|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
30.06.2012 |
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|
|
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Date of Incorporation : |
Jul 1974 |
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|
|
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Com. Reg. No.: |
0700-02-023804 (Gunma-Kiryu) |
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|
|
|
Legal Form : |
Limited Company |
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|
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Line of Business : |
Manufactures automatic sectional warpers |
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|
|
|
No. of Employees : |
18 |
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 : |
Moderate |
|
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 |
SUZUKI WARPER LTD
YK Suzuki Warper
4-329-5 Aioicho
Kiryu Gunma-Pref 376-0011 JAPAN
Tel:
0277-52-6163 Fax: 0277-52-6168
URL: http://www.suzukiwarper.com
E-Mail
address: suzukiwarper@maple.ocn.ne.jp
Mfg of
warpers
Nil
At the
caption address
YOSHIHIRO
TANAKA, PRES
Yoshiaki
Tanaka, s/mgn dir
Koji
Aihara, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 225 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 5 M
TREND SLOW WORTH Yen 141 M
STARTED 1974 EMPLOYES 18
MFR OF WARPERS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Yoshihiro Tanaka in
order to make most of his experience in the subject line of business. This is a specialized mfr of automatic sectional
warper and the related. Goods are
exported. Clients include garment
makers, textile makers, other.
The sales volume for Jun/2012 fiscal term amounted to Yen
225 million, an 84% up from Yen 122 million in the previous term. Sales in the previous term were exceptionally
declined due to poor demand from the relative industries. Demand rose but the overhead ate into the
profits, and the operations continued in the red: posting Yen 33 million
recurring loss and Yen 34 million net losses, respectively, compared with Yen
90 million recurring loss and Yen 10 million net losses, respectively, a year
ago.
For the term that ended Jun 2013 the operations were
projected to come back to profitability to post Yen 20 million recurring profit
and Yen 10 million net profit, respectively, on a 4% rise in turnover, to Yen
235 million. Final results are yet to be
released.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Date Registered: Jul 1974
Regd No.: 0700-02-023804
(Gunma-Kiryu)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 40,000 shares
Issued:
10,000 shares
Sum: Yen
5 million
Major shareholders (%):
Yoshihiro Tanaka and families (--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures automatic sectional
warpers, other (--100%).
Clients: Garment & textile makers,
other
No. of
accounts: 200
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Iwase Sangyo Co,
Ryoden Trading, Shaken Metrex Co, other
Payment record: Slow
but correct
Location:
Business area in Kiryu, Gunma-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Gunma
Bank (Kiryu)
Mizuho
Bank (Maebashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
|
Annual
Sales |
|
235 |
225 |
122 |
300 |
|
Recur.
Profit |
|
20 |
-33 |
-90 |
|
|
Net
Profit |
|
10 |
-34 |
-10 |
-16 |
|
Total
Assets |
|
|
730 |
806 |
869 |
|
Current
Assets |
|
|
98 |
157 |
|
|
Current
Liabs |
|
|
114 |
132 |
|
|
Net
Worth |
|
|
141 |
175 |
186 |
|
Capital,
Paid-Up |
|
|
5 |
5 |
5 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.44 |
84.43 |
-59.33 |
32.74 |
|
|
Current Ratio |
|
.. |
85.96 |
118.94 |
.. |
|
N.Worth Ratio |
.. |
19.32 |
21.71 |
21.40 |
|
|
R.Profit/Sales |
|
8.51 |
-14.67 |
-73.77 |
.. |
|
N.Profit/Sales |
4.26 |
-15.11 |
-8.20 |
-5.33 |
|
|
Return On Equity |
.. |
-24.11 |
-5.71 |
-8.60 |
|
Notes:
Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
UK Pound |
1 |
Rs.94.77 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.