MIRA INFORM REPORT

 

 

 

 

Report Date :           

13.03.2013

 

IDENTIFICATION DETAILS

 

Name :

HOTANI CO LTD

 

 

Registered Office :

1452 Todoroki Kiminocho Kaisogun Wakayama-Pref 489-5025

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

December 1973

 

 

Com. Reg. No.:

(Wakayama-Kaisogun) 005986

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of industrial brush rolls, brush mfg machines & equipment

 

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

 

Maximum Credit Limit :

Yen 27.7 Million

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

HOTANI CO LTD

 

 

REGD NAME 

 

KK Hotani

 

 

MAIN OFFICE

 

1452 Todoroki Kiminocho Kaisogun Wakayama-Pref 489-5025 JAPAN

Tel: 073-489-2375     Fax: 073-489-5025

 

* Osaka Branch at: Shin-Osaka Ueno Toyo Bldg 2F, 7-4-17 Nishinakajima Yodogawaku Osaka, as given

                       

URL:                             http://www.hotani.co.jp

E-mail-address:                        info@hotani.co.jp

 

 

ACTIVITIES

 

Mfg of industrial brush rolls, brush mfg machines & equipment

 

 

BRANCHES   

 

Osaka, Yamaguchi; Shanghai (China)

 

 

FACTORIES  

 

At the caption address, Kinokawa (Momoyama Factory)

 

 

OFFICERS

 

AKIHIKO HOTANI, PRES                       Shigeru Yachi, dir

Tomoko Hotani, dir                                 Katsunori Hanamitsu, dir                                                           

Shuichi Sebata, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 1,963 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 40 M

TREND             SLOW                          WORTH            Yen 1,035 M

STARTED                     1973                             EMPLOYES      122

 

 

COMMENT

 

MFR SPECIALIZING IN INDUSTRIAL BRUSH ROLLS & BRUSH MFG MACHINES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 27.7 MILLION, 30 DAYS NORMAL TERMS.  .

 

 

HIGHLIGHTS

           

The subject company was established originally in 1963 by Setsuo Hotani in order to process bristles, on his account.  Incorporated in 1973, the firm started to make industrial brushes.  Akihiko is the founder’s son.  This is a specialized mfr of industrial brush rolls, brush making machines & equipment.  Established recycling system of brush rolls in 2005.  In 2006, merged with two sister companies, Hotani Shoji Co Ltd & Hotani Kiko Ltd, to integrate and streamline business operations.  Goods are exported.

 

 

FINANCIAL INFORMATION

 

The sales volume for Jun/2010 fiscal term amounted to Yen 1,963 million, a 37% down from Yen 3,117 million in the previous term, as affected substantially by the global economic downturn, particularly in the first half of the term.  Operation of Momoyama Factory was reduced by the new refurbishment of production machinery/facilities.  The recurring profit was posted at Yen 33 million and the net profit at Yen 1 million, respectively, compared with Yen 36 million recurring profit and Yen 2 million net profit, respectively, a year ago.

 

For the term that ended Jun 2011 the recurring profit was projected at Yen 35 million and the net profit at Yen 3 million, respectively, on a 4% rise in turnover, to Yen 2,050 million.  Final results are yet to be released. 

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 27.7 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:  Dec 1973

Regd No.:         (Wakayama-Kaisogun) 005986

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240,000 shares

Issued:                81,500 shares

Sum:                Yen 40.75 million

 

Major shareholders (%): Akihiko Hotani (31), Shuichi Sebata (9), Katsunori Hanamitsu (4)

 

No. of shareholders: 9

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures industrial brush rolls, brush mfg machines & equipment (--100%)

 

(Mfg items):

 

Industrial brush rolls: brush rolls for steel & nonferrous metals, brush rolls for special industries;

 

(Brush categories): cleaning brush, high grinding brush, de-scaling brush, special specification brush, made-to-order brushes;

 

Brush mfg machines: brushing equipment, spray electrolytic cleaning equipment, roll polisher equipment, edge polisher equipment, wringer roll equipment, C-camber correction equipment, full automatic roll changer, edge wiper equipment, water treatment equipment, electricity control panels, others.

 

Clients: [Mfrs, steel mills] Nippon Steel, JFE Steel, O-Well Corp, Nippon Steel & Sumikin Stainless Steel, Mitsui & Co, Kawasaki Heavy Ind, Sumitomo Heavy Ind, Mitsubishi-Hitachi Metals Machinery, Shinsho Roll Co, Nihon Kenshi, Sumikin Bussan Matex, Hanwa Co, Osbourne International Group (USA, England, Germany, Brazil, China), Nosas (Spain), Posco Int’l Group (Korea), Hitachi Ltd, Kyowa Kiko, Sanwa Jitsugyo, Samukawa Shoji Co, other. 

            No. of accounts: 800

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Mitsubishi Engineering Plastics, Kuraray Co, Toyobo Co, Ube Ind, Asahi Kasei Co, Pacific Sowa Co, Daiwa Textile, Hitachi Industrial Equipment Systems, N-Tech Co, Sanwa Ind, Fuji Shokai Co, Ota Rent, Sayoka Corp, other.

 

Payment record: Regular

 

Location: Business area in Wakayama.  Office premises at the caption address are owned and maintained satisfactorily.

Bank References:

·         Shoko Chukin Bank (Wakayama)

 

·         MUFG (Wakayama)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

2,050

1,963

3,117

3,115

Recur. Profit

　

35

33

36

　

Net Profit

　

3

1

2

203

Total Assets

　

　

4,862

4,928

4,286

Current Assets

　

　

1,929

2,181

　

Current Liabs

　

　

924

1,080

　

Net Worth

　

　

1,035

1,035

1,033

Capital, Paid-Up

　

　

40

40

40

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.43

-37.02

0.06

27.56

    Current Ratio

 

..

208.77

201.94

..

    N.Worth Ratio

..

21.29

21.00

24.10

    R.Profit/Sales

 

1.71

1.68

1.15

..

    N.Profit/Sales

0.15

0.05

0.06

6.52

    Return On Equity

..

0.10

0.19

19.65

 

Notes: Forecast (or estimated) for the 30/06/2011 fiscal term.

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.80.89

Euro

1

Rs.70.73

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.