|
Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAMEDA PLYWOOD CO LTD |
|
|
|
|
Registered Office : |
5-1 Shomeicho Nakagawaku Nagoya 454-0855 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2012 |
|
|
|
|
Date of Incorporation : |
September 1950 |
|
|
|
|
Com. Reg. No.: |
1800-01-019233
(Nagoya-Nakagawaku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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|
|
|
Line of Business : |
Import, wholesale of plywood |
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|
|
|
No. of Employees : |
50 |
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 : |
Satisfactory |
|
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 – 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 |
KAMEDA PLYWOOD CO LTD
REGD NAME: Kameda
Gohan KK
MAIN OFFICE: 5-1 Shomeicho
Nakagawaku Nagoya 454-0855 JAPAN
Tel:
052-651-0191 Fax: 052-651-0194
URL: http://www.kameda-plywood.co.jp
E-Mail
address: (thru the URL
Import,
wholesale of plywood
Nil
YOSHIHARU
KAMEDA, PRES Akinori Kameda, s/mgn dir
Kazumasa
Kameda, mgn dir Naomi Kameda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES WEAK A/SALES Yen 3,583 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen 36 M
TREND SLOW WORTH Yen
(-) 481 M
STARTED 1950 EMPLOYES 50
IMPORTER OF PLYWOOD.
FINANCIAL SITUATION CONSIDERED
WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS. NET WORTH IS NEGATIVE.
The subject company was established originally in 1933 by
Yoshiharu Kameda, on his account, in order to make most of his experience in
the subject line of business. Originally
started as a maker and processor of veneer wood & plywood. Established in 1950 the firm has been
succeeded by his descendants. In 1922
terminated the mfg business and switched to a trading firm for import and
wholesale of plywood.
The sales volume for Jul/2012 fiscal term amounted to Yen
3,583 million, a 14% down from Yen 4,179 million in the previous term. The construction and buildings markets were
sluggish. Imports and sales
declined. The recurring profit was
posted at Yen 64 million, but posted Yen 274 million net losses for the term,
compared with Yen 105 million recurring profit and Yen 62 million net profit,
respectively, a year ago.
For the current term ending Jul 2013 the recurring profit is
projected at Yen 50 million and the net profit at Yen 50 million, respectively,
on a 2% rise in turnover, to Yen 3,650 million.
Wrote off Yen 338 million extraordinary losses for the term.
The financial situation is considered WEAK but should be
good for MODERATE business engagements.
Date Registered: Sept 1950
Regd No.: 1800-01-019233 (Nagoya-Nakagawaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
288,000 shares
Issued:
72,000 shares
Sum: Yen 36 million
Major shareholders (%): Akinori Kameda (31), Taiki Kameda
(31), Yoshiharu Kameda (29), Kazumasa Kameda (9)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales plywood,
others (--100%)
Clients: [Mfrs, wholesalers] Sojitz Building
Materials Corp, Nippon Paper Lumber Co, Sumitomo Forestry, Itochu Building
Materials, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sojitz Building
Materials, Sumitomo Forestry, Itochu Building Materials, Nippon Paper Lumber
Co, Gaizai Sangyo, other
Payment record: Slow
but correct
Location:
Business area in Nagoya. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Aichi Bank
(Showabashi)
Shoko
Chukin Bank (Nagoya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
|
Annual
Sales |
|
3,650 |
3,583 |
4,179 |
3,973 |
|
Recur.
Profit |
|
50 |
64 |
105 |
23 |
|
Net
Profit |
|
50 |
-274 |
62 |
-75 |
|
Total
Assets |
|
|
2,615 |
2,473 |
2,148 |
|
Current
Assets |
|
|
2,165 |
2,032 |
1,665 |
|
Current
Liabs |
|
|
2,169 |
1,802 |
1,927 |
|
Net
Worth |
|
|
-481 |
-207 |
-269 |
|
Capital,
Paid-Up |
|
|
36 |
36 |
36 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.87 |
-14.26 |
5.18 |
4.44 |
|
|
Current Ratio |
|
.. |
99.82 |
112.76 |
86.40 |
|
N.Worth Ratio |
.. |
-18.39 |
-8.37 |
-12.52 |
|
|
R.Profit/Sales |
|
1.37 |
1.79 |
2.51 |
0.58 |
|
N.Profit/Sales |
1.37 |
-7.65 |
1.48 |
-1.89 |
|
Notes:
Forecast (or estimated) figures for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
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.