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Report Date : |
03.06.2013 |
IDENTIFICATION DETAILS
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Name : |
AOI SANGYO CO LTD |
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Registered Office : |
Aoi Bldg 5F, 4-7-5 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Year of Establishment : |
May 1950 |
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Com. Reg. No.: |
1200-01-073055 (Osaka-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Exports, Wholesales Steel Plates, Real Estate Leasing. |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Regular |
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Litigation : |
-- |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.
|
Source
: CIA |
AOI SANGYO CO LTD
Aoi Sangyo KK
Aoi Bldg 5F, 4-7-5 Minamisemba Chuoku Osaka 542-0081 JAPAN
Tel: 06-6252-0771 Fax:
06-6252-0770
URL: N/A
Exports, wholesales steel plates, real estate leasing
Nil
RYUZO YAMASHITA, PRES
Morimasa Nishio, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 2,147 M
PAYMENTS REGULAR CAPITAL Yen
27 M
TREND UP WORTH Yen 373 M
STARTED 1950 EMPLOYES 11
TRADING FIRM SPECIALIZING IN STEEL PLATES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established originally in 1947 by father of ryes
Yamashita, on his account, for dealing steel products. Incorporated in 1950 the firm has been
succeeded by his descendants. This is a
trading firm for export of steel plates & products. Also leases real estate building at the caption
address. Goods are exported to India,
East Asia, other.
The sales volume for Jun/2012 fiscal term amounted to Yen 2,147 million,
a 5% up from Yen 2,053 million in the previous term. The recurring profit was posted at Yen 18
million and the net profit at Yen 18 million, respectively, compared with Yen
29 million recurring profit and Yen 29 million net profit, respectively, a year
ago.
For the current term ending Jun 2013 the recurring profit is projected at
Yen 25 million and the net profit at Yen 20 million, respectively, on a 5% rise
in turnover, to Yen 2,250 million.
Weaker Yen may contribute to raise earnings in Yen terms.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: May
1950
Regd No.: 1200-01-073055
(Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 216,000 shares
Issued:
13,500 shares
Sum: Yen
27 million
Major shareholders
(%): Ryuzo Yamashita (82)
No. of
shareholders: 55
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Wholesales steel
plates (52.1%), exports (46.5%), real estate leasing (1.4%)
Clients: [Mfrs,
wholesalers] Kanpo Steel Co, Hanwa Co, Mitsui & Co Steel Ltd, other Exports
to India, East Asia, other
No. of accounts: 200
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Mitsui & Co Steel Ltd, Hanwa Co, Kanox Corp, Sumitomo Corp,
other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References
Kinki Osaka Bank (Namba)
Kagawa Bank (Osaka)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
|
Annual Sales |
|
2,250 |
2,147 |
2,053 |
1,812 |
|
Recur. Profit |
|
25 |
18 |
29 |
|
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Net Profit |
|
20 |
18 |
29 |
41 |
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Total Assets |
|
|
1,123 |
1,046 |
958 |
|
Current Assets |
|
|
790 |
703 |
|
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Current Liabs |
|
|
386 |
409 |
|
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Net Worth |
|
|
373 |
354 |
325 |
|
Capital, Paid-Up |
|
|
27 |
27 |
27 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.80 |
4.58 |
13.30 |
-28.75 |
|
|
Current Ratio |
|
.. |
204.66 |
171.88 |
.. |
|
N.Worth Ratio |
.. |
33.21 |
33.84 |
33.92 |
|
|
R.Profit/Sales |
|
1.11 |
0.84 |
1.41 |
.. |
|
N.Profit/Sales |
0.89 |
0.84 |
1.41 |
2.26 |
|
|
Return On Equity |
.. |
4.83 |
8.19 |
12.62 |
|
Notes: Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.50 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.73.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.