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Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
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Name : |
AOKI TECHNICAL LABORATORY INC |
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Registered Office : |
4963-3 Minamijo Sakaimachi Hanishina Gun Nagano-Pref 389-0603 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2013 |
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Date of Incorporation : |
March 1976 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of plastic molding machines, plastic containers, other products |
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No. of Employees : |
183 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
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 – 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 |
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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
AOKI TECHNICAL LABORATORY INC
REGD NAME: KK
Aoki Katashi Kenkyujo
MAIN OFFICE: 4963-3
Minamijo Sakaimachi Hanishina Gun Nagano-Pref 389-0603 JAPAN
Tel: 0268-82-3015 Fax: 0268-82-3699
URL: http//:www.aokitech.co.jp
E-mail
address: koho@aokitech.co.jp
Mfg of plastic
molding machines, plastic containers, other products
Nil
USA, Brazil,
Mexico, Germany, Singapore, China (--subsidiaries);
Spain, UK, Shanghai, Thailand, India,
Australia (--rep offices)
At the caption
address
SHUICHI KOSHI,
PRES Shigeto Aoki, ch
Koichi Horiuchi, mgn dir Hiroshi
Miyahara, dir
Yoshiaki Yamaguchi, dir Mariko Nishizawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 6,539 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 22 M
TREND UP WORTH Yen 971 M
STARTED 1971 EMPLOYES 183
MFR OF PLASTIC
MOLDING MACHINES, PLASTIC CONTAINERS, OTHER
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was
established by father of Shigeto Aoki, now ch at the firm, in order to make
most of his experience in the subject line of business. Specializes in mfg plastic molding machines, their
parts & components, plastic containers, other. About 90% of the products are exported thru
agent dealers to about 35 countries worldwide.
The sales volume for
Feb/2013fiscal term amounted to Yen 6,539 million, a 6% up from Yen 6,143
million in the previous term. Imports
increased to Asian countries. The
recurring profit was posted at Yen 18 million and the net profit at Yen 5
million, respectively, compared with Yen 257 million recurring profit and Yen
92 million net profit, respectively, a year ago. Higher Yen & material price hikes ate
into profits. .
For the current
term ending Feb 2014 the recurring profit is projected at Yen 100 million and
the net profit at 80 million, respectively, on a 4% rise in turnover, to Yen
6,800 million. Weaker Yen may push
export revenues upwards in Yen terms.
The financial situation
is considered FAIR and good for ORDINARY business engagements.
Date Registered: Mar 1976
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 176,000 shares
Issued: 44,000 shares
Sum: Yen 22 million
Major shareholders (%): Shigeto Aoki
(43%), Michie Yoda (10), Aoki Agency (5), Nobutoshi Baba (4)
No. of shareholders: 54
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Manufactures and
exports plastic molding machines, their parts & components, plastic
containers (lightweight & thin-wall type), other related goods (--100%).
Clients: [Mfrs,
wholesalers] Daelim, Shinmyung Platech Inc, Pioneer, Seiyu, other.
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kyowa Seisakujo (25%), Yanagihara Seisakujo (20%), Nissei Plastic
Ind (15%), Tokyo Keiki, Shinwa Corp, Kawasaki Heavy Ind, other
Payment record: Slow but correct
Location: Business area in
Hanishina-gun Nagano-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni Bank
(Sakaki)
MUFG
(Shinjuku-Chuo)
Relations:
Satisfactory
In Million Yen)
|
Terms Ending: |
28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
|
|
Annual
Sales |
|
6,800 |
6,539 |
6,143 |
6,808 |
|
Recur.
Profit |
|
100 |
18 |
257 |
|
|
Net
Profit |
|
80 |
5 |
92 |
81 |
|
Total
Assets |
|
|
6,375 |
6,229 |
6,644 |
|
Current
Assets |
|
|
4,497 |
4,359 |
|
|
Current
Liabs |
|
|
3,693 |
3,571 |
|
|
Net
Worth |
|
|
971 |
966 |
873 |
|
Capital,
Paid-Up |
|
|
22 |
22 |
22 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.99 |
6.45 |
-9.77 |
15.53 |
|
|
Current Ratio |
|
.. |
121.77 |
122.07 |
.. |
|
N.Worth Ratio |
.. |
15.23 |
15.51 |
13.14 |
|
|
R.Profit/Sales |
|
1.47 |
0.28 |
4.18 |
.. |
|
N.Profit/Sales |
1.18 |
0.08 |
1.50 |
1.19 |
|
|
Return On Equity |
.. |
0.51 |
9.52 |
9.28 |
|
Notes: Forecast (or
estimated) figures for the 28/02/2014fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.68.36 |
|
|
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
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 |
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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 |
|
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 |
|
<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.