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Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
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Name : |
OISHI INTERNATIONAL SYSCOM CO LTD |
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Registered Office : |
Uchida Bldg 4F, 1-5-4 Irifune Chuoku Tokyo 104-0042 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
May, 1983 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of construction machinery, optical products,
others |
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No. of Employees : |
5 |
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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Maximum Credit Limit: |
Yen 3.6 million |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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 |
OISHI
INTERNATIONAL SYSCOM CO LTD
Oishi International Syscom KK
Uchida Bldg 4F, 1-5-4 Irifune Chuoku Tokyo 104-0042 JAPAN
Tel: 03-3551-5066
Fax: 03-3551-5166
URL: http://www.oishi-intl.com
E-Mail address: (thru the URL)
Import, export, wholesale of construction machinery, optical products,
others
Nil
Oishi International GmbH (Dusseldorf, Germany) (subsidiary)
KEIICHIRO UCHIDA, PRES
Kazuyoshi Uchida, ch
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 186 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 25 M
TREND UP WORTH Yen 161 M
STARTED 1983 EMPLOYES 5
TRADING FIRM SPECIALIZING IN CONSTRUCTION MACHINERY, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Kazuyoshi Oishi in order to make
most of his experience in the subject line of business. Keiichiro is his son, who took the pres
office in 1988. This is a trading firm
for import, export and wholesale of construction machinery, consumer goods,
others. It also offers services for
development of markets (support, investigation, other), exhibition for overseas
(planning for design, construction at the site), technical & licenses,
other. Clients include makers, Ad
agencies, wholesalers, other.
Financials are only partially disclosed.
The sales volume for Mar/2012 fiscal term amounted to Yen 186 million, a
4% up from Yen 178 million in the previous term. Orders relative to the London Olympic Games
contributed. The net profit was posted
at Yen 12 million for the term, compared with Yen 29 million a year ago.
For the term that ended Mar 2013 the net profit was projected at Yen 35
million, on a 10% rise in turnover, to Yen 205 million. Introduction of wind power technologies
contributed. Final results are yet to be
released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 3.6 million, on 30 days normal terms.
Date Registered: May
1983
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 200,000 shares
Issued:
50,000 shares
Sum: Yen
25 million
Major shareholders
(%): Kazuyoshi Uchida (66.4),
Keiichiro Uchida (33.6)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Trading firm
with businesses for: export, import and exchange researches; advertisement
& exhibition overseas (design & construction); technical support,
license business, other (--100%)
(Sales breakdown
by divisions):
Engineering works
construction machine parts (40%): roller cutter, TMB bits, rotor and stator,
machinery & spare parts, concealed hinges (for building construction);
Consumer goods (30%): optical products,
microfiber, pita clean ®, locks, components & accessories for luggages
& bags/hardware, baby bath, walking stick, other;
Technical &
License, other businesses (30%): development of the market/support/investigation
(supported of JAPAN Brand which are promoted by government), exhibition
overseas (planning for design, coordination at the site) technical &
license business, other.
Clients: [Mfrs, wholesalers]
Oishi International GmbH, Dentsu Inc, Stury AG, Tokyo Locks Mfg Co, Pearl Ltd,
other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Oishi International GmbH, Mitsui Miike Machinery, Altabiz Co,
Rakupri Co, Simonsberg, other.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Ohdenmacho)
Johoku Shinkin Bank (Nihombashi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual Sales |
|
205 |
186 |
178 |
250 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
35 |
12 |
29 |
-17 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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|
361 |
349 |
320 |
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Capital, Paid-Up |
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|
25 |
25 |
25 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
10.22 |
4.49 |
-28.80 |
-42.40 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
17.07 |
6.45 |
16.29 |
-6.80 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
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Euro |
1 |
Rs.77.02 |
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 |
|
---- |
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.