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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
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Name : |
TERAUCHI METALS CO LTD |
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Registered Office : |
1-8-12 Higashi-Kanda Chiyodaku Tokyo 101-0031 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
May 1947 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export, wholesale of
metals, steel alloys, stainless steel, other |
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No. of Employees : |
32 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Regular |
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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 – 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 |
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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 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.
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Source : CIA |
TERAUCHI METALS CO LTD
REGD NAME: Terauchi
Kinzoku KK
MAIN OFFICE: 1-8-12
Higashi-Kanda Chiyodaku Tokyo 101-0031 JAPAN
Tel:
03-3866-2281 Fax: 03-3864-7298
URL: http://www.terauchi-m.co.jp
E-Mail
address: (thru the URL)
Import,
export, wholesale of metals, steel alloys, stainless steel, other
Edogawaku
(Tokyo)
Terauchi
Material Hong Kong Ltd (Hong Kong Office & Shenzhen Office);
Velt
Precision (Shanghai) Co Ltd (--subsidiaries)
YONETARO
TERAUCHI, PRES
Takahiro
Minato, s/mgn dir
Yoshiaki Terauchi, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,884 M
PAYMENTSREGULAR CAPITAL Yen
70 M
TREND SLOW WORTH Yen 257 M
STARTED 1947 EMPLOYES 32
TRADING FIRM SPECIALIZING IN METALS, SPECIAL METALS, ALLOYS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by father of Yonetaro Terauchi in order to make most of
his experience in the subject line of business.
This is a trading firm for import, export and wholesale of metals,
precious metals, steel alloys, stainless steel, other. Clients include electronic makers, watch
makers, other
Financials
are only partially disclosed.
The sales volume for Mar/2012
fiscal term amounted to Yen 2,884 million, a 9% down from Yen 3,181 million in
the previous term. High Yen hurt both
imports and exports, reducing earnings and profits in Yen terms. The net profit was posted at Yen 9 million,
compared with Yen 30 million a year ago.
For the
current term ending Mar 2013 the net profit is projected at Yen 10 million, on
a 4% rise in turnover, to Yen 3,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: May
1947
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
5.6 million shares
Issued:
1.4 million shares
Sum: Yen 70 million
Major shareholders
(%): Yoshiaki Terauchi (28), Yonetaro Terauchi (25)
No. of shareholders: 18
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales: metals,
special metals, stainless steel, titan, aluminum, copper alloy, stainless
steel, high nickel alloy, special copper alloy, alloy for lithium ion battery,
parts for PC, cellular phones, digital cameras, previous metals, other
(--100%).
(Precious metals):
Plating type: gold, silver, nickel-palladium);
Base Materials: copper, brass, phosphor bronze,
other.
Clients: [Mfrs, wholesalers] Sony Corp, Sony
Energy Devise, Sony Electronics (Wuxi) Co, E-One Mile Energy (Canada) Ltd,
Citizen Watch, NEC group firms, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nippon Foil Mfg,
Hanwa Corp, Nikkin Steel Co, San-Etsu Metals Co, JX Nippon Oil & Metals
Mining Co, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Shoko
Chukin Bank (Ueno)
Resona
Bank (Kanda)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
Annual
Sales |
|
3,000 |
2,884 |
3,181 |
3,101 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
10 |
9 |
30 |
13 |
|
Total
Assets |
|
|
N/A |
N/A |
2,875 |
|
Net
Worth |
|
|
257 |
251 |
230 |
|
Capital,
Paid-Up |
|
|
70 |
70 |
70 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.02 |
-9.34 |
2.58 |
-38.52 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
8.00 |
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N.Profit/Sales |
0.33 |
0.31 |
0.94 |
0.42 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
<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.