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Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANYO CORPORATION |
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|
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Registered Office : |
1510 Tatsuishi Fujioka Gunma-Pref 375-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September, 1975 |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg of injection molds, measuring apparatus, milling machines, other |
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No. of Employees : |
120 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
SANYO CORPORATION
Sanyo KK
1510 Tatsuishi Fujioka Gunma-Pref 375-0002 JAPAN
Tel: 0274-42-5757 Fax:
-274-42-6511
URL: http://www.sanyo-inc.co.jp
E-Mail address: e-mail@sanyo-inc.co.jp
Mfg of injection molds, measuring apparatus, milling machines, other
Nil
At the caption address, Gunma (4)
TADANAO TAKASE, PRES Kazuyuki
Takase, dir
Toshiyuki Yamaguchi, dir Katsumi
Okamoto, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 2,758 M
PAYMENTS UNKNOWN CAPITAL Yen
92 M
TREND SLOW WORTH Yen 280 M
STARTED 1975 EMPLOYES 120
MFR OF INDUSTRIAL EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Tadanao Takase in order to make
most of his experience in the subject line of business. This is a specialized mfr chemical industry
materials, resin processing, plastic molds, measuring tools, milling machines,
other (See OPERATION). Also manufactures nursing care beds,
wheelchairs, other nursing care goods.
Clients include chemical industries, machinery makers, other
The sales volume for Mar/2012 fiscal term amounted to Yen 2,758 million,
a 3% down from Yen 2,853 million in the previous term. Business was hurt in the first half by the
Great East Japan Earthquake that occurred in Mar 2011. The recurring profit was posted at Yen 29
million and the net profit at Yen 18 million, respectively, compared with Yen
108 million recurring profit and Yen 48 million net profit, respectively, a
year ago.
For the term that ended Mar 2013 the recurring profit was projected at
Yen 30 million and the net profit at Yen 20 million, respectively, on a 3% rise
in turnover, to Yen 2,850 million. Final
results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Sept
1975
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 736,000 shares
Issued:
184,000 shares
Sum: Yen
92 million
Major shareholders
(%): Tadanao Takahashi (32), Employees’
S/Holding Assn (25)
No. of
shareholders: 9
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures and
processes: measuring instruments, clean rooms, CAD/CAM/CAE, NC machining
center, injection molds (electric, and automobile), milling machines, nursing
care beds, wheelchairs, nursing care goods, others (--100%)
Clients: [Mfrs,
wholesalers] Hitachi Ltd, Shin-Etsu Chemical Ind, NSK Ltd, Mitsubishi Pencil
Co, Yoshino Kogyosho, Shin-Etsu Semiconductors, Shin-Etsu Polymer, First Baking
Co, Nippon Kayaku Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nichias Corp, Somar Corp, Fluoro Mechanic Co, Iwase Sangyo Co,
Kokuyo Kitakanto Sales Co, Nippon Valve Controls Inc, other
Payment record: No Complaints
Location: Business area in
Fujioka, Gunma-Pref. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
Towa Bank (Fujioka)
Mizuho Bank (Takasaki)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual Sales |
|
2,850 |
2,758 |
2,853 |
1,994 |
|
Recur. Profit |
|
30 |
29 |
108 |
|
|
Net Profit |
|
20 |
18 |
48 |
-48 |
|
Total Assets |
|
|
3,260 |
3,127 |
2,931 |
|
Current Assets |
|
|
1,595 |
1,341 |
|
|
Current Liabs |
|
|
440 |
471 |
|
|
Net Worth |
|
|
280 |
261 |
213 |
|
Capital, Paid-Up |
|
|
92 |
92 |
92 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.34 |
-3.33 |
43.08 |
-28.45 |
|
|
Current Ratio |
|
.. |
362.50 |
284.71 |
.. |
|
N.Worth Ratio |
.. |
8.59 |
8.35 |
7.27 |
|
|
R.Profit/Sales |
|
1.05 |
1.05 |
3.79 |
.. |
|
N.Profit/Sales |
0.70 |
0.65 |
1.68 |
-2.41 |
|
|
Return On Equity |
.. |
6.43 |
18.39 |
-22.54 |
|
Notes: Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.22 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.