MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
YANAGIYA MACHINERY CO LTD |
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Registered Office : |
189-18 Yoshiwa Ube City Yamaguchi-Pref 759-0134 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
December, 1950 |
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Com. Reg. No.: |
2500-01-003655 |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg of food processing machinery/facilities |
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No. of Employees : |
143 |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 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 |
Company name
YANAGIYA MACHINERY
CO LTD
REGD NAME
KK Yanagiya
MAIN OFFICE
189-18 Yoshiwa Ube City Yamaguchi-Pref 759-0134 JAPAN
Tel: 0836-62-1661 Fax:
0836-62-1611
URL: Error!
Hyperlink reference not valid.
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of food processing machinery/facilities
BRANCHES
Yokohama, Sendai, Osaka
OVERSEAS
Paris
FACTORIES
At the caption address
OFFICERS
YOSHIO YANAGIYA, PRES Yukio
Yanagiya, v pres
Tamio Koyama, s/mgn dir Hironori
Fujimoto, mgn dir
Hidehito Sasaki, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,407 M
PAYMENTS REGULAR CAPITAL Yen
100 M
TREND UP WORTH Yen 1,011 M
STARTED 1950 EMPLOYES 143
COMMENT
MFR OF FOOD PROCESSING MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by father of Yoshio Yanagiya in
order to make most of his experience in the subject line of business. This is a specialized mfr of food processing
machinery & equipment, particularly strong in Surimi (Fish Paste)
making/processing machines and imitation crab meat plants. Also makes tempura and tofu (bean curd) mfg machines. Goods are exported to 43 countries overseas,
with the imitation crab meat machines supplied into 5 continents, 16 counties,
the firm says. Clients include
fisheries, food processors, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2012 fiscal term amounted to Yen 3,407 million,
a 17% up from Yen 2,912 million in the previous term. Exports of Surimi (fish paste) processing
machines were in good demand. The net
profit was posted at Yen 60 million, compared with Yen 66 million net losses a
year ago.
For the term that ended Mar 2013 the net profit was projected at Yen 65
million, on a 3% rise in turnover, to Yen 3,500 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Dec
1950
Regd No.: 2500-01-003655
(Yamaguchi-Ube)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800,000 shares
Issued:
200,000 shares
Sum: Yen
100 million
Major shareholders (%): Osaka Small & Medium Business
Promotion & Investment Assn (15), Yoshio Yanagiya (14), Yukio Yanagiya
(12), other
No. of
shareholders: 73
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Manufacture food
processing machinery/facilities: Surimi (fish paste) processing machinery,
tempura production equipment, imitation crab meat plant, bean curt production
equipment, other (--100%)
(Mfg items): meat separator,
rotary screen, refiner, strainer, screw press, Surimi filling & forming
machines, soy milk processing plant, soy milk squeezing machines, other
Clients: [Mfrs,
wholesalers] Nippon Suisan Kaisha, Maruha Nichiro Seafoods Inc, Nichirei Corp,
Yamasa Kamaboko Co, KK Yamako, Churei Co, Fushimi Kamaboko, Ichimasa Kamaboko
Co, Hayashikane Sangyo Co, Fujimitsu Corp, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Unoshima Corp, Ube Machinery Corp, Ogawa Syokai Inc, Fuji Electric
Co, Setozaki Kotetsu, other
Payment record: No Complaints
Location: Business area in
Ube, Yamaguchi-Pref. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
Yamaguchi Bank (Ube)
Hiroshima Bank (Ube)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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3,500
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3,407
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2,912
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2,772
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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65 |
60 |
-66 |
-3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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1,011
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951 |
1,017
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Capital,
Paid-Up |
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|
100 |
100 |
100 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.73 |
17.00
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5.05 |
-19.79
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.86 |
1.76 |
-2.27
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-0.11
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.99 |
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1 |
Rs.84.19 |
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Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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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 |
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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.