|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAIHEI BOEKI CO LTD |
|
|
|
|
Registered Office : |
NBF Nihombashi-Muromachi Center Bldg,
3-2-15 Nihombashi-Muromachi Chuoku Tokyo 103-0022 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
December 1955 |
|
|
|
|
Com. Reg. No.: |
0100-01-049141 (Tokyo-Chuoku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Mfg of pressure switches,
industrial machinery, other |
|
|
|
|
No. of Employees : |
47 |
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 : |
No complaints |
|
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 |
TAIHEI BOEKI CO LTD
REGD NAME: Taihei
Boeki KK
MAIN OFFICE: NBF
Nihombashi-Muromachi Center Bldg, 3-2-15 Nihombashi-Muromachi
Chuoku Tokyo
103-0022 JAPAN
Tel:
03-3270-4821 Fax: 03-3245-1767
URL: http://www.taiheiboeki.co.jp
E-Mail
address: (thru the URL)
Mfg of
pressure switches, industrial machinery, other
Nagoya,
Osaka, Fukuyama, Kitakyushu
Los
Angeles
Machida
(Tokyo)
HIROAKI
MATSUDA, PRES Hiroshi Komatsu, s/mgn
dir
Terutaka
Mikami, mgn dir Yohsuke Koyama,
dir
Masao
Noguchi, dir Amy Braden,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 9,591 M
PAYMENTSNo
complaints CAPITAL Yen 58 M
TREND SLOW WORTH Yen 3,796 M
STARTED 1955 EMPLOYES 47
MFR OF PRESSURE SWITCHES, INDUSTRIAL MACHINERY, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1949 as
Taihei Kogyosho to introduce advanced technology form the US and Europe into
Japanese industries. And was
incorporated in 1955 as Taihei Boeki Co Ltd.
This is a specialized mfr of pressure switches, electrical equipment,
hydraulic & pneumatic components used for automatic controls. Goods are exported to USA, Europe, China, S/E
Asia, other. Domestic clients include
auto makers, machinery makers, other
The sales volume for Mar/2012 fiscal term amounted to Yen
9,591 million, a 10% down from Yen 10,666 million in the previous term. High Yen hurt exports, reducing earnings
& profits in Yen terms, says the firm.
The recurring profit was posted at Yen 784 million and the net profit at
Yen 361 million, respectively, compared with Yen 901 million recurring profit
and Yen 382 million net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is
projected at Yen 790 million and the net profit at Yen 370 million,
respectively, on a 5% rise in turnover, to Yen 10,070 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 413.9 million, on 30 days normal terms.
Date Registered: Dec
1955
Regd No.: 0100-01-049141 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
464,000 shares
Issued:
164,000 shares
Sum: Yen 58 million
Major shareholders
(%): The Braden Family Limited Partners HIP (33), Employees’
S/Holding Assn (16), Hiroaki Matsuda (6)
No. of shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures pressure switches
(mechanical types, semiconductor types, hydraulic equipment (pumps, valves,
motors, unit apparatus), other (--100%)
Clients: [Mfrs, wholesalers] Nippon Electric
Glass Co, Avan Strate, Fuji Fiber Glass, Toyota Motor, Amada Co, Nippon
Taisanbin Glass Bottle Mfg Co, Ogihara Corp, Taihei Engineering, Okamoto Glass,
Fuji Technica Miyazu, Oishi Machine Inc, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Corhart, Oishi
Machine Inc, JYKK Japan, Pilz Japan, Taihei System Kogyo Mfg, SEPR, Hansabras,
EMP-Glass, Saint Gobain, Zapurasu Inc, Cylon Co, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Muromachi)
Mizuho
Bank (Nihombashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
10,070 |
9,591 |
10,666 |
9,043 |
|
Recur.
Profit |
|
790 |
784 |
901 |
|
|
Net
Profit |
|
370 |
361 |
382 |
271 |
|
Total
Assets |
|
|
6,478 |
6,082 |
5,290 |
|
Current
Assets |
|
|
5,980 |
5,569 |
|
|
Current
Liabs |
|
|
1,741 |
1,764 |
|
|
Net
Worth |
|
|
3,796 |
3,455 |
3,113 |
|
Capital,
Paid-Up |
|
|
58 |
58 |
58 |
|
Div.Ttl
in Million (¥) |
|
|
20.3 |
40.6 |
20.3 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.99 |
-10.08 |
17.95 |
-18.98 |
|
|
Current Ratio |
|
.. |
343.48 |
315.70 |
.. |
|
N.Worth Ratio |
.. |
58.60 |
56.81 |
58.85 |
|
|
R.Profit/Sales |
|
7.85 |
8.17 |
8.45 |
.. |
|
N.Profit/Sales |
3.67 |
3.76 |
3.58 |
3.00 |
|
|
Return On Equity |
.. |
9.51 |
11.06 |
8.71 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.55 |
|
Euro |
1 |
Rs.70.10 |
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 |
|
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.