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Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
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Name : |
UYENO TRANSTECH CO LTD |
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Registered Office : |
Daiichi Uyeno Bldg, 46 Yamashitacho Nakaku Yokohama 231-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April, 1984 |
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Com. Reg. No.: |
025466 |
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Legal Form : |
Limited Company |
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Line of Business : |
Petroleum & petrochemical tanker operator |
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No. of Employees : |
150 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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.
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Source : CIA |
UYENO TRANSTECH CO LTD
Uyeno Transtech KK
Daiba Frontier
Bldg, 2-3-2 Daiba Minatoku Tokyo 135-8074 JAPAN
Tel:
03-5500-3115 Fax: 03-5500-3163
*.. Registered and
Head Quarters at: Daiichi Uyeno Bldg, 46 Yamashitacho Nakaku Yokohama 231-0032;
Tel: 045-671-7535
URL: http://www.uyeno-group.co.jp
E-Mail address: info@uyeno-group.co.jp
Petroleum &
petrochemical tanker operator.
Tokyo, Yokohama,
Kawasaki, Nagoya, Osaka, Mizushima; Singapore
SU Navigation Pte Ltd, Oxalis Shipping Pte
Ltd (--Singapore); Uyeno Hana Transia SA (Panama); Transnational Uyeno Maritime
Inc (Philippines); (--JV subsidiaries)
TAKASHI UYENO,
PRES Yutaka Uyeno,
honorary ch
Zen Uyeno, v ch Etsuo Sawaki, v pres
Makoto Uyeno, dir Masahiro
Nomura, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 30,061 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
480 M
TREND UP WORTH Yen 1,916 M
STARTED 1984 EMPLOYES 150
SHIP OPERATOR SPECIALIZING IN PETROLEUM AND CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established originally in 1869 by Kinjiro Uyeno
in Yokohama as a shipping company carrying oil & products, on his
account. Incorporated in 1984, the firm
has been succeeded by his descendants.
Takashi is the 5th generation master. This is a ship operator, having two
divisions: Transport Division & Sales Division. Transport Division is divided into: marine
transport and inland transport. Owns and
operates a total of 73 chemical & oil products tankers: 7 ocean-going trade
and 74 coastal trade. Ocean-going
chemical tankers are operated at its Singapore Branch/subsidiary, trading
between Japan, Korea, China and Taiwan.
Holds 15% market share in the coastal trading. The firm also offers such businesses as
agency, customs clearance, storage, insurance, petroleum sales, bunker supply,
oil terminal management, etc. Started
solar cell power systems in JV business in the Philippines. The firm is now in process of group
reorganization.
The sales volume for Mar/2012 fiscal term amounted to Yen 30,061
million, a 1% up from Yen 29,761 million in the previous term. The recurring profit was posted at Yen 1,025
million and the net profit at Yen 448 million, respectively, compared with Yen
628 million recurring profit and Yen 1,339 million net losses, respectively, a
year ago.
For the current tem ending Mar 2013 the recurring profit is projected at
Yen 1,100 million and the net profit at Yen 460 million, respectively, on a 3%
rise in turnover, to Yen 31,000 million.
High Yen may erode earnings & profits in Yen terms.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr 1984
Regd No.:
(Yokohama-Nakaku)
025466
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 38,400
shares
Issued: 9,600
shares
Sum: Yen
480 million
Major shareholders (%): Uyeno Kosan KK*(100)
*.. Holding
Company owned by the Uyeno family
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Transportation
company specializing in marine transport, offering such services as; petroleum
& petrochemical transport, ship agency, petroleum sales, ship bunker
supply, oil terminal operation & management, customs clearance,
storage/warehousing, marine disaster prevention, etc (--100%).
Clients: [Oil refineries,
wholesalers, cargo owners] Itochu Corp, Sumitomo Corp,
Marubeni Corp, Shell Chemicals Japan, Showa
Shell Sekiyu, Mitsubishi Corp, Tsurumi Sun Marine, Japan Petroleum Exploration
Co, Mitsubishi Chemical Logistics, Nippon Steel Chemical, ExxonMobile, JX
Nippon Oil & Energy Corp, other.
No. of accounts: 800
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers, oil refineries] Mitsubishi Corp, Tsurumi Sun Marine, Higashinippon
Uyeno Yuso, Nishinippon Uyeno Yuso, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption address
are leased and maintained satisfactorily.
Bank References:
Mizuho Corporate
Bank (H/O)
Mizuho Bank
(Yokohama)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
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Annual
Sales |
|
31,000 |
30,061 |
29,761 |
31,802 |
|
Recur.
Profit |
|
1,100 |
1,025 |
628 |
228 |
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Net
Profit |
|
460 |
448 |
-1,339 |
54 |
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Total
Assets |
|
|
9,182 |
7,418 |
6,925 |
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Current
Assets |
|
|
5,384 |
5,467 |
5,225 |
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Current
Liabs |
|
|
4,421 |
5,483 |
3,531 |
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Net
Worth |
|
|
1,916 |
1,447 |
2,796 |
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Capital,
Paid-Up |
|
|
480 |
480 |
480 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.12 |
1.01 |
-6.42 |
-44.58 |
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Current Ratio |
|
.. |
121.78 |
99.71 |
147.98 |
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N.Worth Ratio |
.. |
20.87 |
19.51 |
40.38 |
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R.Profit/Sales |
|
3.55 |
3.41 |
2.11 |
0.72 |
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N.Profit/Sales |
1.48 |
1.49 |
-4.50 |
0.17 |
|
|
Return On Equity |
.. |
23.38 |
-92.54 |
1.93 |
|
Note: Forecast (or estimated) for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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.