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Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
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Name : |
TAMAKI SANGYO CO LTD |
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Registered Office : |
Osaka-Ekimae No.3 Bldg 24F, 1-1-3 Umeda
Kitaku Osaka 530-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April 1973 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, import of iron & steel products |
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No. of Employees : |
06 employees |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 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
TAMAKI SANGYO CO LTD
Tamaki Sangyo KK
Osaka-Ekimae No.3 Bldg
24F, 1-1-3 Umeda Kitaku Osaka 530-0001 JAPAN
Tel:
06-6341-7548 Fax: 06-6343-1927
URL: N/A
Export,
import of iron & steel products
Nil
TAKEHIKO
OKAMOTO, PRES
Kenji
Nishijima, mgn dir
Norio
Takano, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,396 M
PAYMENTSNo Complaints CAPITAL Yen 32 M
TREND STEADY WORTH Yen 857 M
STARTED 1973 EMPLOYES 6
TRADING FIRM SPECIALIZING IN EXPORT OF IRON/STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Takehiko Okamoto in order to make most of his experience in the subject line of business. Takehiko took the pres office in Apr 2008. This is a trading firm, owned & operated by the Okamoto family, specializing in export of iron & steel products. Goods are exported mainly to S/E Asian countries: Korea, Taiwan, Indonesia, India, China, other.
The sales volume for Mar/2012 fiscal term amounted to Yen 4,396 million, a 31% up from Yen 3,342 million in the previous term. Exports increased into China and other S/E Asian countries. Volume of sales compensated for the loss from high Yen. The recurring profit was posted at Yen 174 million and the net profit at Yen 86 million, compared with Yen 180 million recurring profit and Yen 98 million net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected at Yen 180 million and the net profit at Yen 900 million, respectively, on a 2% rise in turnover, to Yen 4,500 million. Exports continue expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1973
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
256,000 shares
Issued:
64,000 shares
Sum: Yen 32 million
Major shareholders (%): Takehiko Okamoto (41.3), Taku Okamoto
(35.9), Nobuko Okamoto (6.3), Kenji Nishijima (1.6)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports, imports and wholesales iron & steel products (--100%)
Clients: [Mfrs, wholesalers] Exports to India, Korea, Indonesia, China, Taiwan, Thailand, other. Domestic clients: Hagihara Ind Inc, Teramoto Sharing Co, Sakakura Sharing Co, Koyo Sharing Co, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] JFE Electrical Steel Co, Daewoo Japan, Naigai Steel Co, Teramoto Sangyo Co, JFE Steel Trade Corp, Sumikin Bussan Corp, Sakai Kouhan Co, Onoken Co, other
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Amagasaki
Shinkin Bank (Osaka)
MUFG
(Osaka-Ekimae)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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4,500 |
4,396 |
3,342 |
2,439 |
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Recur.
Profit |
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180 |
174 |
180 |
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Net
Profit |
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90 |
86 |
98 |
54 |
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Total
Assets |
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1,469 |
1,380 |
1,117 |
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Current
Assets |
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1,311 |
1,196 |
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Current
Liabs |
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612 |
598 |
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Net
Worth |
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|
857 |
782 |
693 |
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Capital,
Paid-Up |
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|
32 |
32 |
32 |
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Div.P.Share(¥) |
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|
10.00 |
10.00 |
10.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.37 |
31.54 |
37.02 |
-10.95 |
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Current Ratio |
|
.. |
214.22 |
200.00 |
.. |
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N.Worth Ratio |
.. |
58.34 |
56.67 |
62.04 |
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R.Profit/Sales |
|
4.00 |
3.96 |
5.39 |
.. |
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N.Profit/Sales |
2.00 |
1.96 |
2.93 |
2.21 |
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Return On Equity |
.. |
10.04 |
12.53 |
7.79 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.67.71 |
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UK Pound |
1 |
Rs.105.14 |
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Euro |
1 |
Rs.90.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.