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Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
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Name : |
CCI KK
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Registered Office : |
6-2-2 Takatsukadai Nishiku Kobe 651-5910 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
April 1997 |
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Com. Reg. No.: |
1400-01-024610 (Kobe-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of control valves |
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No. of Employees : |
92 |
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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Maximum Credit Limit : |
Yen 242.0 Million |
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Status : |
Good |
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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 – 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 |
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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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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 |
CCI KK
CCI KK
6-2-2 Takatsukadai
Nishiku Kobe 651-5910 JAPAN
Tel:
078-991-5910 Fax: 078-991-5900
URL: http://www.ccijapan.co.jp/
E-Mail address: (thru the URL)
Import,
wholesale of control valves
Tokyo,
Fukuoka, Sapporo, Tomari
At the
caption address (workshop)
JUNJI
UOZUMI, PRES
Tohru
Mizukami, dir
Masaya
Teramae, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
8,113 M
PAYMENTS REGULAR CAPITAL Yen 520 M
TREND STEADY WORTH Yen
2,543 M
STARTED 1997 EMPLOYES 92
TRADING
FIRM SPECIALIZING IN CONTROL VALVES, WHOLLY OWNED BY IMI UK.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 242.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1914 by Sulzer Brothers (Switz) as its Japan Branch and in 1997 when Sulzer Brothers was acquired by IMI (UK) the firm was reorganized to become CCI KK. This is a trading firm specializing in control valves for industries: nuclear powers, thermal powers, petroleum & gas and pulp & paper industries. Clients are major electric powers, heavy machinery mfrs, other, nationwide.
The sales volume for Dec/2011 fiscal term amounted to Yen
8,113 million, a 6% up from Yen 7,690 million in the previous term. The recurring profit was posted at Yen 1,885
million and the net profit at Yen 1,192 million, respectively, compared with
Yen 1,601 million recurring profit and Yen 935 million net profit,
respectively, a year ago.
For the term that ended Dec 2012 the recurring profit was projected at Yen 2,000 million and the net profit at Yen 1,200 million, respectively, on a 5% rise in turnover, to Yen 8,500 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 242.0 million, on 30 days normal terms.
Date Registered: Apr
1997
Regd No.: 1400-01-024610 (Kobe-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 10,400 shares
Issued: 10,400 shares
Sum: Yen
520 million
Major shareholders (%): IMI
(UK) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales control valves, fluid control valves, pneumatic cylinder actuators & their instruments, silencers, other, offering repairing, maintenance services (--100%)
(Control valves for such industries as): Nuclear Power Plant, Thermal Power Plant, Petroleum & Gas Plant and Pulp & Paper mfg Plant.
Clients: [Mfrs, electric powers] Mitsubishi Heavy Ind, IHI Corp, Kawasaki Heavy Ind, Hitachi Ltd, Toshiba Corp, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] CCI California, CCI Switzerland, CCI Sweden, CCI Korea,
CCI Austria, other
Payment record: Regular
Location: Business area in Kobe. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ibaraki)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/1012 |
31/12/1011 |
31/12/1010 |
31\12/1009 |
|
|
Annual
Sales |
|
8,500 |
8,113 |
7,690 |
7,690 |
|
Recur.
Profit |
|
2,000 |
1,885 |
1,601 |
|
|
Net
Profit |
|
1,200 |
1,192 |
935 |
935 |
|
Total
Assets |
|
|
5,197 |
4,353 |
5,229 |
|
Current
Assets |
|
|
3,654 |
2,721 |
|
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Current
Liabs |
|
|
2,641 |
1,993 |
|
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Net
Worth |
|
|
2,543 |
2,192 |
3,382 |
|
Capital,
Paid-Up |
|
|
520 |
520 |
520 |
|
Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.77 |
5.50 |
0.00 |
6.64 |
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|
Current Ratio |
|
.. |
138.36 |
136.53 |
.. |
|
N.Worth Ratio |
.. |
48.93 |
50.36 |
64.68 |
|
|
R.Profit/Sales |
|
23.53 |
23.23 |
20.82 |
.. |
|
N.Profit/Sales |
14.12 |
14.69 |
12.16 |
12.16 |
|
|
Return On Equity |
.. |
46.87 |
42.66 |
27.65 |
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Notes:
Only partial figures disclosed for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.24 |
|
UK Pound |
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.