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Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
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Name : |
DAI-ICHI DENTSU LTD |
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Registered Office : |
1-54-1 Shimo-Ishihara Chofu City Tokyo-Metrop 182-0034 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
Nov 1952 |
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Com. Reg. No.: |
0124-01-008033 (Tokyo-Chofu) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufactures automated power saving assembly equipment,
such as nut runners, servo presses, hand nut runners, silicon substrate,
special crystals |
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No. of Employees : |
103 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 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 |
DAI-ICHI DENTSU
LTD
Dai Ichi Dentsu KK
1-54-1 Shimo-Ishihara
Chofu City Tokyo-Metrop 182-0034 JAPAN
Tel:
0424-86-1616
Fax: 0424-89-3615
*.. The is
its Kani Factory
URL: http://www.daiichi-dentsu.co.jp
E-Mail
address: (thru the URL)
Mfg of
automated power saving assembly equipment
Nil
Kani
(as given)
MASAZUMI
SHIROI, PRES Yuji Shiroi, v pres
Yukimitsu
Itoh, s/mgn dir Ikuo Gonoi, dir
Shiro
Yoshioka, dir Toshihiro
Hida, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,308 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND SLOW WORTH Yen
2,074 M
STARTED 1952 EMPLOYES 103
MFR OF POWER SAVING ASSEMBLY EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Masazumi
Shiroi in order to make most of his experience in the subject line of
business. This is a specialized mfr of automated
power assembly equipment, such as nut runners, servo presses, hand nut runners,
other. Clients include auto makers,
electronics makers, other
The sales volume for Aug/2012 fiscal term amounted to Yen 3,308
million, a 2% down from Yen 3,386 million in the previous term. The recurring profit was posted at Yen 344
million and the net profit at Yen 115 million, respectively, compared with Yen
365 million recurring profit and Yen 152 million net profit, respectively, a
year ago.
For the current term ending Aug 2013 the recurring profit is
projected at Yen 350 million and the net profit at Yen 120 million,
respectively, on a 3% rise in turnover, to Yen 3,400 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements
Date Registered:
Nov 1952
Regd No.: 0124-01-008033 (Tokyo-Chofu)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800,000 shares
Issued:
200,000 shares
Sum: Yen 100 million
Major shareholders (%): Tokyo Small & Medium
Business Promotion & Investment Assn (20), Mitsubishi Electric (15),
Hitachi Kokusai Electric Inc (2), others
No. of shareholders: 25
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures automated power saving
assembly equipment, such as nut runners, servo presses, hand nut runners,
silicon substrate, special crystals, others (--100%)
Clients: [Mfrs, wholesalers] FEC Inc, Tata
Motors, Suzuki Motor, Mazda Motor, Nissan Motor, Mitsubishi Motor, Honda Motor,
Hyundai Motor, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Corp,
Waco Giken Co, Daido Ltd, Meiwa Kiki Co, Ishii Hyoki Co, Nitto Kogyo Corp,
Shinwa Kogyo Co, Toyojitsu Seiko Inc, Uryu Seisaku Ltd, other
Payment record: Regular
Location:
Business area in Chofu City, Tokyo-Metrop.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Mitaka)
Ogaki
Kyoritsu Bank (Kani)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
|
Annual
Sales |
|
3,400 |
3,308 |
3,386 |
3,033 |
|
Recur.
Profit |
|
350 |
344 |
365 |
153 |
|
Net
Profit |
|
120 |
115 |
152 |
95 |
|
Total
Assets |
|
|
2,750 |
3,037 |
2,479 |
|
Current
Assets |
|
|
1,980 |
2,229 |
1,700 |
|
Current
Liabs |
|
|
366 |
796 |
453 |
|
Net
Worth |
|
|
2,074 |
1,974 |
1,836 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.78 |
-2.30 |
11.64 |
-11.55 |
|
|
Current Ratio |
|
.. |
540.98 |
280.03 |
375.28 |
|
N.Worth Ratio |
.. |
75.42 |
65.00 |
74.06 |
|
|
R.Profit/Sales |
|
10.29 |
10.40 |
10.78 |
5.04 |
|
N.Profit/Sales |
3.53 |
3.48 |
4.49 |
3.13 |
|
|
Return On Equity |
.. |
5.54 |
7.70 |
5.17 |
|
Notes:
Forecast (or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
UK Pound |
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.