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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
NOMURA KOUMUTEN CORPORATION |
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Registered Office : |
4-10-5 |
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Country : |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
October 1989 |
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Com. Reg. No.: |
1200-01-151920 (Osaka-Katano) |
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Legal Form : |
Limited Company |
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Line of Business : |
Real estate transactions,
house building |
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No. of Employees : |
58 |
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 |
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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 – 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 |
|
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 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 |
NOMURA KOUMUTEN CORPORATION
KK Nomura Koumuten
4-10-5 Hoshida
Katano City Osaka-Pref 576-0016 JAPAN
Tel:
072-893-5588 Fax: 072-893-9996
URL: http://www.nomura-k.co.jp/
E-mail: info@nomura-k.co.jp
Real
estate transactions, house building
Minister
of Land: (2) 5973
Nishinomiya
At the
caption address
KENJI
NOMURA, PRES Kosaku Nomura, ch
Yukihiro
Nozu, s/mgn dir Kazuhiko
Tanaka, dir
Yasuo
Kawagishi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 6,596 M
PAYMENTSNo
Complaints CAPITAL Yen
85 M
TREND SLOW WORTH Yen 1,095 M
STARTED 1989 EMPLOYES 58
REAL
ESTATE TRANSACTIONS, HOUSE BUILDING.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Kosaku Nomura, now ch, in order to make most of his experience in the subject line of business. Kenji is his son. This is a real estate firm offering real estate transactions, house rental, house selling/purchasing, home building, and other management. Operations cover centrally in greater-Osaka.
The sales volume for Jul/2012 fiscal term amounted to Yen
6,596 million, a 19% down from Yen 8,126 million in the previous term. Housing starts remained sluggish. The recurring profit was posted at Yen 216
million and the net profit at Yen 75 million, respectively, compared with Yen
407 million recurring profit and Yen 125 million net profit, respectively, a
year ago.
For the current term ending Jul 2013 the recurring profit is projected
at Yen 130 million and the net profit at Yen 85 million, respectively, on a 5%
rise in turnover, to Yen 6,900 million.
Newbuilding orders revived.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Oct 1989
Regd No.: 1200-01-151920 (Osaka-Katano)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 6,800 shares
Issued: 1,700 shares
Sum: Yen 85 million
Major shareholders (%):
Kosaku Nomura (49), Kenji Nomura (49)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Real estate transactions:
real estate sale/purchase, house sale/purchase, house building, building
management, other (--100%)
Clients: Consumers, house
builders, other
No. of accounts: Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers [Mfrs,
wholesalers] Tostem (house builder), Iida Sangyo, Osaka Fastener Sales, NU
System, Shiga Wood Corp, Stylite Corp, Ozeki Koumuten, Tanaka Iron Kogyo, YKK
AP, LIXIL Group, Yuasa Corp, other
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Osaka-Higashi Shinkin Bank (Neyagawa)
Kansai Urban Bank (Hirakata)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
|
Annual
Sales |
|
6,900 |
6,596 |
8,126 |
7,003 |
|
Recur.
Profit |
|
230 |
216 |
407 |
98 |
|
Net
Profit |
|
85 |
75 |
125 |
19 |
|
Total
Assets |
|
|
8,646 |
8,613 |
8,914 |
|
Current
Assets |
|
|
5,359 |
5,262 |
5,502 |
|
Current
Liabs |
|
|
3,930 |
3,994 |
4,329 |
|
Net
Worth |
|
|
1,095 |
1,020 |
895 |
|
Capital,
Paid-Up |
|
|
85 |
85 |
85 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.61 |
-18.83 |
16.04 |
-19.81 |
|
|
Current Ratio |
|
.. |
136.36 |
131.75 |
127.10 |
|
N.Worth Ratio |
.. |
12.66 |
11.84 |
10.04 |
|
|
R.Profit/Sales |
|
3.33 |
3.27 |
5.01 |
1.40 |
|
N.Profit/Sales |
1.23 |
1.14 |
1.54 |
0.27 |
|
|
Return On Equity |
.. |
6.85 |
12.25 |
2.12 |
|
Notes:
Forecast (or estimated) figures for the 31/07/2013 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.