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Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
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Name : |
NISSEI KAKO CO LTD |
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Registered Office : |
319-29 Kawajiri Yoshidacho Haibaragun
Shizuoka-Pref 421-0302 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
January 1985 |
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Com. Reg. No.: |
0800-01-014034 (Shizuoka-Haibaragun) |
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Legal Form : |
Limited Company |
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Line of Business : |
Plastic injection molding,
molds & dies, PET bottles, cosmetic bottles |
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No. of Employees : |
88 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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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 – 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 |
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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 |
NISSEI KAKO CO LTD
Nissei Kako KK
319-29 Kawajiri
Yoshidacho Haibaragun Shizuoka-Pref 421-0302 JAPAN
Tel:
0548-32-7321 Fax: 0548-32-6529
URL: http://www.nisseikako.co.jp
E-Mail address: (thru the URL)
Plastic
injection molding, molds & dies, PET bottles, cosmetic bottles, other
Nil
At the
caption address (2), Fujieda
CHIKARA
TOMODA, PRES
Takaharu
Fujimura, s/mgn dir
Takashi
Tomoda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,487 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen 324 M
STARTED 1985 EMPLOYES 88
PLASTIC INJECTION MOLDING.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Chikara Tomoda in order to make
most of his experience in the subject line of business. This is a specialized mfr of plastic
injection molding, molds & dies, PET bottles, cosmetics bottles,
other. Clients include food makers,
beverage makers, other
The sales volume for Sept/2012 fiscal term amounted to Yen 2,487
million, a 7% down from Yen 2,674 million in the previous term. The recurring profit was posted at Yen 104
million and the net profit at Yen 63 million, respectively, compared with Yen
97 million recurring profit and Yen 46 million net profit, respectively, a year
ago.
For the current term ending Sept 2013 the recurring profit is projected
at Yen 110 million and the net profit at Yen 65 million, respectively, on a 3%
rise in turnover, to Yen 2,560 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jan 1985
Regd No.: 0800-01-014034 (Shizuoka-Haibaragun)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80 shares
Issued:
20 shares
Sum: Yen 10 million
Major shareholders (%): Chikara Tomoda (45), Takashi
Tomoda (35), Kenji Kato (10), Tamae Tomoda (5), Toshio Sugimoto (5)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
plastic injection molding, molds & dies, PET bottles, cosmetics bottles,
food bottles, others (--100%)
Clients: [Mfrs,
wholesalers] KISCO, Kimura Drink Co, Fuji Beverage, Atlas Co, Kobayashi &
Co, Sanko Gosei Ltd, Tomomasu Drink Co, Wako Ind, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Chubu Electric Power, Gunze Packaging System, Zao Mfg Ind,
Musashino Seiki Co, Nerima Seisakusho, other
Imports from Taiwan, China, other
Payment record: Regular
Location: Business area in
Shizuoka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Shizuoka
Bank (Yoshida)
Shoko
Chukin Bank (Shizuoka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
|
Annual
Sales |
|
2,560 |
2,487 |
2,674 |
2,294 |
|
Recur.
Profit |
|
110 |
104 |
97 |
|
|
Net
Profit |
|
65 |
63 |
46 |
27 |
|
Total
Assets |
|
|
2,851 |
3,032 |
2,771 |
|
Current
Assets |
|
|
1,311 |
1,445 |
|
|
Current
Liabs |
|
|
281 |
379 |
|
|
Net
Worth |
|
|
324 |
260 |
214 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.94 |
-6.99 |
16.56 |
3.80 |
|
|
Current Ratio |
|
.. |
466.55 |
381.27 |
.. |
|
N.Worth Ratio |
.. |
11.36 |
8.58 |
7.72 |
|
|
R.Profit/Sales |
|
4.30 |
4.18 |
3.63 |
.. |
|
N.Profit/Sales |
2.54 |
2.53 |
1.72 |
1.18 |
|
|
Return On Equity |
.. |
19.44 |
17.69 |
12.62 |
|
Notes:
Forecast (or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
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 |
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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 |
|
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 |
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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 |
|
<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.