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Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MOTOSAN ENGINEERING CORPORATION |
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Registered Office : |
Maison Kojimachi 805, 3-1-8 Kojimachi Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
November
1960 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of car batteries, separators, also handles beauty
equipment |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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.
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Source : CIA |
MOTOSAN ENGINEERING CORPORATION
Motosan
Engineering KK
Maison Kojimachi
805, 3-1-8 Kojimachi Chiyodaku Tokyo 102-0083 JAPAN
Tel:
03-3264-0007 Fax: 03-3230-1181
URL: http://www.motosan.co.jp (Under
Construction)
E-Mail address: info@motosan.co.jp
Exports
car batteries, separators, also handles beauty equipment
Nil
YUKIO
TANIMOTO, PRES
Tomoko
Tanimoto
Masaru
Takahashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 600 M
PAYMENTS No
Complaints CAPITAL Yen 20
M
TREND UP WORTH Yen 752 M
STARTED 1970 EMPLOYES 3
EXPORTER OF CAR BATTERIES, SEPARATORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Yukio Tanimoto in order to make most of his experience in the subject line of business. This is a family-based trading firm specializing in exporting car batteries separators, other. Also handles beauty equipment. Orders are actively coming from India, Pakistan, other S/E Asian countries.
Financials are only partially disclosed. Profits are not disclosed and they are estimated only.
The sales volume for Mar/2013 fiscal term amounted to Yen 600 million, a 20% up from Yen 500 million in the previous term. As said above the active orders are coming in from India, and other S/E Asian countries. The net profit is estimate posted at Yen 30 million, compared with Yen 25 million a year ago.
For the current term ending Mar 2014 the net profit is projected at Yen 40 million, on an 8% rise in turnover, to Yen 650 million. Weaker Yen may raise export revenues and profits in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Nov
1960
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued:
40,000 shares
Sum: Yen 20 million
Major shareholders (%): Yukio
Tanimoto (85) and families
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports car batteries, separators, other, beauty equipment, other (--100%)
Clients: [Mfrs, wholesalers] Exports to India, Pakistan, Dinos Cecil, TBC Group, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Kaneka Corp, Nippon Sheet Glass Co, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Kojimachi)
SMBC (Kojimachi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual
Sales |
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650 |
600 |
500 |
500 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
40 |
30 |
25 |
25 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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752 |
722 |
697 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
8.33 |
20.00 |
0.00 |
11.11 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
6.15 |
5.00 |
5.00 |
5.00 |
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Notes:
Financials are only partially disclosed.
Profits are estimated only as undisclosed precisely.
Forecast
(or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
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UK Pound |
1 |
Rs.101.49 |
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Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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-- |
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.