|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KANSETSU INTERNATIONAL CO LTD |
|
|
|
|
Registered Office : |
4-3-27 Shimaya Konohanaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 (Consolidated Financials Of The Parent, Kansetsu Co Ltd) |
|
|
|
|
Date of Incorporation : |
November 2004 |
|
|
|
|
Com. Reg. No.: |
1200-01-109340 (Osaka-Konohanaku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, export, wholesale of
heat exchangers, pumps |
|
|
|
|
No. of Employees : |
Not
Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
KANSETSU INTERNATIONAL CO LTD
Kansetsu
International KK
4-3-27 Shimaya
Konohanaku Osaka 554-0024 JAPAN
Tel:
06-6466-2801 Fax: 06-6466-2812
URL: http://www.kansetu.co.jp/ (of
the parent, Kansetsu Co Ltd)
E-Mail address: info.intl@kansetu.co.jp
Import,
export, wholesale of heat exchangers, pumps
Nil
HITOSHI
NOMURA, PRES
This company was established by Kansetsu Co Ltd, mfr of heat exchangers
& pumps at the caption address as
its international trading division. Operations
and financials are fully consolidated by the parent, Kansetsu Co Ltd, with
phone/Fax numbers jointly used, and financials are not individually
disclosed. Financials are fully
consolidated by the parent, and not disclosed individually.
Date Registered: Nov 2004
Regd No.: 1200-01-109340 (Osaka-Konohanaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,800 shares
Issued: 700 shares
Sum: Yen 35 million
Major shareholders (%): Kansetsu Co Ltd*
(100)
*.. Mfr of heat exchangers & pumps, at the caption address, founded
1974, capital Yen 22 million, sales Yen 823 million, recurring profit Yen 136
million, net profit Yen 80 million, total assets Yen 1,207 million, net worth
Yen 981 million, employees 18, pres Hiroshi Nomura (Hitoshi Nomura, pres of
Kansetsu International, serves as ch) Consolidated
Financials are attached
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales heat exchangers, pumps, and related products (--100%).
Clients: [Mfrs, chemical
processors, steel mills] Exports to China, Korea, Taiwan, New Zealand, other.
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfr] Wholly
supplied from the parent, Kansetsu Co Ltd, for exports.
Payment record: Unknown
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Mizuho Bank (Kujo)
MUFG (Shikanjima)
Relations: Satisfactory
CONSOLIDATED
FINANCIALS OF THE PARENT, KANSETSU CO LTD
FINANCES:
(In
Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
865 |
823 |
806 |
760 |
|
Recur.
Profit |
|
145 |
136 |
126 |
102 |
|
Net
Profit |
|
85 |
80 |
73 |
61 |
|
Total
Assets |
|
|
1,207 |
1,190 |
1,079 |
|
Current
Assets |
|
|
1,054 |
1,040 |
935 |
|
Current
Liabs |
|
|
226 |
284 |
222 |
|
Net
Worth |
|
|
981 |
905 |
836 |
|
Capital,
Paid-Up |
|
|
22 |
22 |
22 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.10 |
2.11 |
6.05 |
-7.43 |
|
|
Current Ratio |
|
.. |
466.37 |
366.20 |
421.17 |
|
N.Worth Ratio |
.. |
81.28 |
76.05 |
77.48 |
|
|
R.Profit/Sales |
|
16.76 |
16.52 |
15.63 |
13.42 |
|
N.Profit/Sales |
9.83 |
9.72 |
9.06 |
8.03 |
|
|
Return On Equity |
.. |
8.15 |
8.07 |
7.30 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
UK Pound |
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
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.