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Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
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Name : |
NAGAOKA SHOJI KK |
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Registered Office : |
2-12-10 Nishihonmachi Shobara |
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Country : |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
December, 1952 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of housing equipment, exteriors, OA equipment |
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No. of Employees : |
101 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Risk Category |
ECGC
Classification |
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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 |
NAGAOKA SHOJI KK
Nagaoka Shoji KK
2-12-10 Nishihonmachi Shobara Hiroshima 727-0013 JAPAN
Tel: 0824-72-2161 Fax:
0824-72-6723
URL: http://www.www3.ocn.ne.jp/nagaoka1
E-Mail address: (thru the URL)
Import, wholesale of housing equipment, exteriors, OA equipment
Hiroshima, Oita, Okayama, Dazaifu, Kumamoto, other (Tot 7)
HIROKI NAGAOKA, PRES Seiji Hatanaka, ch]
Mitsumasa Tsubaki, s/mg dir Tetsuji Kubota, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 5,254 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 48 M
TREND UP WORTH Yen 1,486 M
STARTED 1952 EMPLOYES 101
TRADING FIRM SPECIALIZING IN HOUSING EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by father of Hiroki Nagaoka in order
to make most of his experience eon the subject line of business. This is a trading firm specializing in
housing equipment & facilities, exterior goods, OA equipment, propane
gases, other. Clients include
construction firms, housing makers, other.
The sales volume for Jun/2012 fiscal term amounted to Yen 5,254 million,
a 7% up from Yen 4,701 million in the previous term. Housing market came back to normal after
slumping in the previous term. The
recurring profit was posted at Yen 88 million and the net profit at Yen 32
million, respectively, compared with Yen 57 million recurring profit and Yen 30
million net profit, respectively, a year ago.
For the current term ending Jun 2013 the recurring profit is projected
at Yen 90 million and the net profit at Yen 35 million, respectively, on a 4%
rise in turnover, to Yen 5,450 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Dec
1952
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 388,000 shares
Issued:
97,000 shares
Sum: Yen 48.5 million
Major shareholders (%): Hiroki Nagaoka (13), Seiji Hatanaka
(3), Mitsue Nagaoka (3), Toshie Nagaoka (2), Takae Nagaoka (2)
No. of
shareholders: 111
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales housing equipment/facilities, housing exterior goods, propane gas,
OA equipment, others (--100%)
Clients: [Mfrs,
wholesalers] Ohtoshigumi, Tamagawa Komuten, Kobayashi Kensetsu Co, Miyata
Kensetsu, other
No. of accounts: 400
Domestic areas of
activities: Centered in Hiroshima-Pref & vicinities
Suppliers: [Mfrs,
wholesalers] Yamaha Livingtech, LIXIL, Yuasa Trade Corp, Noritsu, Sumitomo
Forestry, A&A Material, Cleanup Corp, other
Payment record: No Complaints
Location: Business area in
Shobara, Hiroshima-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Hiroshima Midori Shinkin Bank (H/O)
Hiroshima Bank (Shobara)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
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Annual Sales |
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5,450 |
5,254 |
4,901 |
4,852 |
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Recur. Profit |
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90 |
88 |
57 |
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Net Profit |
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35 |
32 |
30 |
29 |
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Total Assets |
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3,282 |
3,089 |
2,879 |
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Current Assets |
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|
1,760 |
1,573 |
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Current Liabs |
|
|
1,973 |
868 |
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Net Worth |
|
|
1,486 |
1,463 |
1,442 |
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Capital, Paid-Up |
|
|
48 |
48 |
48 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.73 |
7.20 |
1.01 |
8.06 |
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Current Ratio |
|
.. |
89.20 |
181.22 |
.. |
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N.Worth Ratio |
.. |
45.28 |
47.36 |
50.09 |
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R.Profit/Sales |
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1.65 |
1.67 |
1.16 |
.. |
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N.Profit/Sales |
0.64 |
0.61 |
0.61 |
0.60 |
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Return On Equity |
.. |
2.15 |
2.05 |
2.01 |
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Notes: Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
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|
1 |
Rs.83.80 |
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Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.