|
Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNO SEISAKUSHO CO LTD |
|
|
|
|
Registered Office : |
293 Tabata Samukawacho Kozagun Kanagawa-Pref 253-0114 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
Jun 1961 |
|
|
|
|
Com. Reg. No.: |
0210-01-006250
(Kanagawa-Kozagun) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Manufactures assembly systems for passport production |
|
|
|
|
No. of Employees : |
82 |
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 : |
Regular |
|
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 |
|
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 |
UNO SEISAKUSHO CO
LTD
KK Uno Seisakusho
293 Tabata
Samukawacho Kozagun Kanagawa-Pref 253-0114 JAPAN
Tel: 1700 Fax: 0467-74-5215
E-Mail
address: company@unomatic.com
Mfg of
passport assembly systems
Tokyo
At the
caption address, Fukushima
TADAO
UNO, PRES
Yosuke
Uno, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,600 M
PAYMENTSREGULAR CAPITAL Yen
30 M
TREND UP WORTH Yen 1,210 M
STARTED 1961 EMPLOYES 82
MFR OF ASSEMBLY SYSTEMS FOR PASSPORT PRODUCTION.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by late Tokusuke Uno for
making automated book files & FA systems.
Tadao Uno is his son. This is a
family-based mfr specializing in assembly systems for passport production,
other (See OPERATION). Products are actively exported to USA, UK,
Korea, India, Indonesia, Africa, other.
Domestic clients include mfrs, wholesalers, other.
The financials are only partially disclosed for the
31/05/2012 fiscal term.
The sales volume for May/2012 fiscal term is estimated
amounted to Yen 1,600 million, a 23% up from Yen 1,300 million in the previous
term. Exports of E-Passport production
systems were particularly robust. The
net profits are estimated only as not precisely disclosed. The net profit for the previous term is now
disclosed at Yen 103 million, despite our estimated figures reported at Yen 120
million.
For the term that ended May 2013 the net profit was
projected at Yen 125 million, on a 3% rise in turnover, to Yen 1,650
million. Final results are yet to be
released.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1961
Regd No.: 0210-01-006250
(Kanagawa-Kozagun)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued:
60,000 shares
Sum: Yen
30 million
Major shareholders (%): Tadao Uno (50)
No. of shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures assembly systems for
passport production (100%)
(Mfg items):
Security System: printing press system, note production
system, file production system, post press system;
Stationery System: banknote finishing system, security
number printing system, E-Passport (MRP) production system, issuing system,
other
Clients: [Mfrs, wholesalers] Marubeni Corp, Kumon
Service Co, Seika Corp, Pronexas Inc, Komori Corporation, King Jim Co, National
Printing Bureau, Seika Corp, Plus Corp, Lion File Co, Kokuyo Co, other.
Exports to: UK, USA, Korea,
India, Indonesia, Africa, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Daiwa Denso,
Takatsu Corp, Chuo Seiko Co, M&E Kanagawa Corp, Tokyo Minami Kogyo,
Rofin-Baasel Japan, other
Payment record: Regular
Location:
Business area in Kozagun, Kanagawa-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Yamato)
Mizuho
Bank (Chigasaki)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
Annual
Sales |
|
1,650 |
1,600 |
1,300 |
1,400 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
125 |
120 |
103 |
116 |
|
Total
Assets |
|
|
N/A |
2,057 |
2,253 |
|
Net
Worth |
|
|
1,210 |
1,126 |
1,122 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.13 |
23.08 |
-7.14 |
-17.65 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
54.74 |
49.80 |
|
|
N.Profit/Sales |
7.58 |
7.50 |
7.92 |
8.29 |
|
Notes:
Financials are only partially disclosed for the 31/05/2012 fiscal term.
Forecast
(or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.56.74 |
|
UK Pound |
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
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.