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Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
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Name : |
TOYOTSU MATERIAL INC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
May 1999 |
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Com. Reg. No.: |
1800-01-048098
(Nagoya-Nakamuraku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of iron & steel raw
materials, products, recycled metals |
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No. of Employees : |
58 |
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 : |
Usually Correct |
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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) |
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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.
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Source : CIA |
TOYOTSU MATERIAL INC
Toyotsu Material
KK
Nagoya Yanagibashi
Bldg 2F, 1-16-28 Meieki-Minami Nakamuraku Nagoya 450-0003 JAPAN
Tel:
052-569-2227 Fax: 052-565-6070
URL: http://www.toyotsumaterial.co.jp
E-Mail address: info@toyotsumaterial.co.jp
Import,
export, wholesale of iron & steel raw materials, products, recycled metals
Osaka,
Fukuoka (3), Komaki, Sendai
KOZO
YODA, PRES
Hideki
Kondo, rep dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 61,531 M
PAYMENTS Usually
Correct CAPITAL Yen
10 M
TREND UP WORTH Yen
1,988 M
STARTED 1999 EMPLOYES 58
TRADING FIRM OWNED BY TOYOTA TSUSHO CORP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a nonferrous metal
division separated from Toyota Tsusho Corp (See REGISTRATION). This is a
trading firm specializing in import, export and wholesale of iron & steel
raw materials, products, recycled metals, other. For imports and exports the parent’s
worldwide offices/subsidiaries are fully utilized. Domestic clients include major steel mills,
wholesalers, other
The sales volume for Mar/2012 fiscal term amounted to Yen 61,531 million,
a shade down from Yen 61,585 million in the previous term. High Yen hurt exports, reducing revenues in
Yen terms. The recurring profit was
posted at Yen 1,043 million and the net profit at Yen 608 million,
respectively, compared with Yen 995 million recurring profit and Yen 541
million net profit, respectively, a year ago.
For the term that ended Mar 2013 the recurring profit was projected at
Yen 1,100 million and the net profit at Yen 630 million, respectively, on a 5%
rise in turnover, to Yen 64,500 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: May 1999
Regd No.: 1800-01-048098 (Nagoya-Nakamuraku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200 shares
Sum: Yen
100 million
Major shareholders (%): Toyota Tsusho Corp* (100)
*.. Sole trading house
in the Toyota Group, Nagoya, founded 1948, listed Tokyo S/E, Capital Yen 64,936
million, sales Yen 6,304,354 million, operating profit Yen 115,876 million,
recurring profit Yen 124,814 million, net profit Yen 67,432 million, total
assets Yen 3,592,368 million, net worth Yen 920,043 million, employees 48,103,
pres Jun Karube
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales iron & steel raw materials (25%), their products & parts
(18%), nonferrous metals recycled products (aluminum, copper, nickel, other),
recycled EVs (electric vehicles) (35%), others (22%).
Clients: [Mfrs,
wholesalers] Toyota Tsusho Corp, Toyota Motor group, Aichi Steel Corp, Kobe
Steel, Almine Co, Alinco Inc, Metal Do Co, Mitsubishi Electric, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyota Tsusho Corp, other
Payment record: Usually Correct
Location: Business area in
Nagoya. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
SMBC
(Nagoya)
MUFG
(Nagoya)
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 |
|
64,500 |
61,531 |
61,585 |
45,013 |
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Recur.
Profit |
|
1,100 |
1,043 |
995 |
399 |
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Net
Profit |
|
630 |
608 |
541 |
234 |
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Total
Assets |
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10,967 |
10,470 |
8,551 |
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Current
Assets |
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10,715 |
10,255 |
8,382 |
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Current
Liabs |
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8,916 |
8,786 |
7,318 |
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Net
Worth |
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|
1,988 |
1,621 |
1,164 |
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Capital,
Paid-Up |
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|
100 |
100 |
100 |
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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 |
4.83 |
-0.09 |
36.82 |
-18.64 |
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Current Ratio |
|
.. |
120.18 |
116.72 |
114.54 |
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N.Worth Ratio |
.. |
18.13 |
15.48 |
13.61 |
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R.Profit/Sales |
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1.71 |
1.70 |
1.62 |
0.89 |
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N.Profit/Sales |
0.98 |
0.99 |
0.88 |
0.52 |
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Return On Equity |
.. |
30.58 |
33.37 |
20.10 |
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Notes: Forecast (or estimated) figures for the
31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
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UK Pound |
1 |
Rs.91.82 |
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Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.