|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
OS ELECTRONICS CO LTD |
|
|
|
|
Registered Office : |
Akihabara Sanwa Toyo Bldg 4F, 3-16-8 Sotokanda Chiyodaku Tokyo 101-0021 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
April 1963 |
|
|
|
|
Com. Reg. No.: |
0100-01-13156 (Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, export, wholesale of electronics devices, semiconductors, batteries |
|
|
|
|
No. of Employees : |
219 |
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 (31.03.2011) |
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
OS ELECTRONICS CO LTD
REGD NAME: OS
Electronics KK
MAIN OFFICE: Akihabara
Sanwa Toyo Bldg 4F, 3-16-8 Sotokanda Chiyodaku Tokyo 101-0021
JAPAN
Tel:
03-3255-5985 Fax: 03-3257-0811
URL: http://www.oselec.jp
E-Mail address: (thru the URL)
Import, export,
wholesale of electronics devices, semiconductors, batteries
Sendai, Nagano,
Osaka, Nagoya, Kyoto, Fukuoka, other (Tot11)
Taiwan, Singapore,
Hong Kong, China
(subcontracted)
YOSHIKAZU OZEKI,
PRES Masakazu Nishiyama, v pres
Toshiaki
Mizoguchi, mgn dir Takanobu Shoji,
mgn dir
Yasushi Hirata,
dir Michihito Asahi,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 25,091 M
PAYMENTSREGULAR CAPITAL Yen
99 M
TREND SLOW WORTH Yen 3,974 M
STARTED 1963 EMPLOYES 219
TRADING FIRM SPECIALIZING IN ELECTRONICS DEVICES,
SEMICONDUCTORS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established originally for mfg radio, TV and telecommunications devices. In Apr 1965 became the distributor for
Semiconductor Business Division of Tokyo Sanyo Electric Co Ltd. This is a trading firm specializing in
import, export and wholesale of electronics devices, semiconductors, batteries,
other (See OPERATION). Handles Sanyo Electric Co and Sanyo
Semiconductor Co products. Clients
include major electronics mfrs, other, nationwide.
The sales volume for Mar/2012 fiscal term amounted to Yen 25,091
million, a 15% down from Yen 29,460 million in the previous term. Exports were hurt by the high Yen, reducing
earnings and profit in Yen terms. Export
also shrunk. The recurring profit was
posted at Yen 147 million and the net profit at Yen 89 million, respectively,
compared with Yen 453 million recurring profit and Yen 289 million net profit,
respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected
at Yen 150 million and the net profit at Yen 95 million respectively, on a 3%
rise in turnover, to Yen 25,800 million
Financial situation is considered FAIR and
good for ORDINARY business engagements.
Date Registered: Apr 1963
Regd No.: 0100-01-13156
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 772,000 shares
Issued: 193,000 shares
Sum: Yen 99 million
Major shareholders (%): Sanyo Electric
Co* (49.1), Takeshi Shoji (24.9), Takanobu
Shoji (15.5), Kazunobu Iida (5.1), Yoshikazu
Ozeki (2.5)
No. of shareholders: 6
*.. Mfr of consumer electronics, Osaka,
founded 1950, in Apr 2011 became subsidiary of Panasonic Corp, capital Yen
322,242 million, sales Yen 1,489,497 million, operating profit Yen 33,575
million, recurring profit Yen 20,628 million, net losses Yen 35,161 million,
total assets Yen 1,117,093 million, net worth Yen 77,926 million, employees
870,000, pres Masato Itoh
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales semiconductors (40%), batteries (25%), electronic devices &
components (22%), others (13%)
Overseas
trading ratio (13%)
(Handling
Items): capacitor SBU, optical pick-up, acoustic SBU (speakers), nickel cadmium
batteries, lithium for batteries, chargers, amorphous Si solar cells,
transistors, diodes, capacitors, switching power supplies, various heat sinks,
other
Clients: [Mfrs,
wholesalers] Seiko Epson, Minebea, Nikon, Fujitsu Ltd, Kyocera Corp, NIDEC
Corp, Toshiba Corp, Panasonic Corp, Murata Mfg Co, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sanyo Electric, Sanyo Semiconductors, FDK Corp, Sun Electronic Ind,
Diamond Electric, Tocad Energy Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Kanda-Ekimae)
MUFG (Akihabara)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
25,800 |
25,091 |
29,460 |
24,703 |
|
Recur.
Profit |
|
150 |
147 |
453 |
-128 |
|
Net
Profit |
|
95 |
89 |
289 |
-256 |
|
Total
Assets |
|
|
13,434 |
15,255 |
14,981 |
|
Current
Assets |
|
|
11,584 |
23,454 |
13,995 |
|
Current
Liabs |
|
|
8,655 |
10,407 |
10,118 |
|
Net
Worth |
|
|
3,974 |
3,900 |
1,607 |
|
Capital,
Paid-Up |
|
|
99 |
99 |
99 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.83 |
-14.83 |
19.26 |
-17.01 |
|
|
Current Ratio |
|
.. |
133.84 |
225.37 |
138.32 |
|
N.Worth Ratio |
.. |
29.58 |
25.57 |
10.73 |
|
|
R.Profit/Sales |
|
0.58 |
0.59 |
1.54 |
-0.52 |
|
N.Profit/Sales |
0.37 |
0.35 |
0.98 |
-1.04 |
|
|
Return On Equity |
.. |
2.24 |
7.41 |
-15.93 |
|
Notes: Forecast (or
estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.