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Report Date : |
09.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
YAMAMOTOSADA CO LTD |
|
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|
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Registered Office : |
4-3-38 Tenno Ichinomiya Aichi-Pref 491-0046 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
Apr 1973 |
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|
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Com. Reg. No.: |
1800-01-083966
(Aichi-Ichinomiya) |
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|
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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|
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Line of Business : |
Manufactures women’s clothing and accessories |
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|
No. of Employees : |
47 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues 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 |
YAMAMOTOSADA
CO LTD
KK Yamamotosada
4-3-38 Tenno
Ichinomiya Aichi-Pref 491-0046 JAPAN
Tel:
0586-0180
Fax: 0586-45-0132
E-Mail
address: (thru the URL)
Mfg of
women’s apparel
Tokyo,
Osaka,
(subcontracted)
MASANORI
GOTOH, PRES Yasuyoshi Yamamoto, ch
Koji
Asano, dir Kazuaki
Onishi, dir
Kimiaki
Matsubara, dir Yoshiko
Yamamoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,370 M
PAYMENTS REGULAR CAPITAL Yen
13 M
TREND SLOW WORTH Yen
725 M
STARTED 1973 EMPLOYES 47
MFR OF WOMEN’S APPAREL.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Sadayuki Yamamoto in order
to make most of his experience in the subject line of business. Yasuyoshi is his son. This is a specialized mfr of women’s apparel
and accessories. Mfg is
subcontracted. Goods are also imported
from India, China, other.
The sales volume for Jul/2012 fiscal term amounted to Yen
4,370 million, a 1% down from Yen 4,412 million in the previous term. The recurring profit was posted at Yen 73
million and the net profit at Yen 10 million, respectively, compared with Yen
22 million net profit a year ago. The
firm wrote off extraordinary losses of Yen 10 million coming from securities
losses, other.
For the current term ending Jul 2013 the recurring profit is
projected at Yen 95 million and the net profit at Yen 25 million, respectively,
on a 3% rise in turnover, to Yen 4,500 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Apr
1973
Regd No.: 1800-01-083966
(Aichi-Ichinomiya)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 104,000 shares
Issued:
26,000 shares
Sum: Yen 13 million
Major shareholders (%): Yasuyoshi Yamamoto (48),
Yoshiko Yamamoto (17), Munehiro Yamamoto (5)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures women’s clothing and
accessories (--100%)
Clients: [Mfrs, wholesalers] Uny, Aeon Retail,
Mitsukoshi Isetan, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] NI Teijin Trading,
Moririn Co, Takisada Nagoya, Takisada Osaka, other.
Imports the goods from India,
China, other
Payment record: Regular
Location:
Business area in Ichinomiya, Aichi-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
Shoko
Chukin Bank (Nagoya)
Resona
Bank (Nagoya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
|
Annual
Sales |
|
4,500 |
4,370 |
4,412 |
3,745 |
|
Recur.
Profit |
|
95 |
93 |
|
|
|
Net
Profit |
|
25 |
10 |
22 |
11 |
|
Total
Assets |
|
|
3,032 |
3,027 |
N/A |
|
Current
Assets |
|
|
2,357 |
2,335 |
|
|
Current
Liabs |
|
|
1,853 |
1,578 |
|
|
Net
Worth |
|
|
725 |
715 |
693 |
|
Capital,
Paid-Up |
|
|
13 |
13 |
13 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.97 |
-0.95 |
17.81 |
7.15 |
|
|
Current Ratio |
|
.. |
127.20 |
147.97 |
.. |
|
N.Worth Ratio |
.. |
23.91 |
23.62 |
.. |
|
|
R.Profit/Sales |
|
2.11 |
2.13 |
.. |
.. |
|
N.Profit/Sales |
0.56 |
0.23 |
0.50 |
0.29 |
|
|
Return On Equity |
.. |
1.38 |
3.08 |
1.59 |
|
Notes:
Forecast (or estimated) figures for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.40 |
|
UK Pound |
1 |
Rs.81.56 |
|
Euro |
1 |
Rs.71.23 |
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.