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Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
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Name : |
OZAX CORPORATION |
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Registered Office : |
1-6-6 Bakurocho Chuoku Osaka 541-8589 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
September 1920 |
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Com. Reg. No.: |
0100-01-013239 (Osaka-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importers, Exporter
and wholesaler of pulp & paper,
synthetic resin materials, consumer goods, paperboards, paper products |
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No. of Employees : |
232 |
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 |
|
Maximum Credit Limit : |
Yen 1,899.0 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 |
|
High |
B2 |
|
Very High |
C1 |
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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 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 |
OZAX CORPORATION
Ozax KK
1-6-6 Bakurocho
Chuoku Osaka 541-8589 JAPAN
Tel:
06-6271-2701 Fax: 06-6271-2760
*.. The is its Tokyo Headquarters
E-Mail address: (thru the URL)
Import, export, wholesale of consumer goods, synthetic resin materials, pulp & paper, paperboards, industrial machines, foods
Tokyo,
Nagoya, Sapporo, Fukuoka, Sendai, Yamanashi, Okinawa
USA,
China (3), Singapore (2), Malaysia (2), Thailand, Vietnam, Taiwan, Hong Kong
(subcontracted)
TOYOHIRO
OZAKI, PRES Toshihiro Ozaki, ch
Ichiro
Kiyono, s/mgn dir Seiichi
Inoue, s/mgn dir
Kiyoshi
Okajima, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 75,043 M
PAYMENTSREGULAR CAPITAL Yen
200 M
TREND UP WORTH Yen 9,801 M
STARTED 1920 EMPLOYES 232
TRADING FIRM SPECIALIZING IN PULP & PAPER, PAPER
PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 1,899.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1910 by Tetsutaro
Ozaki, on his account, and was incorporated in 1920. Toyohiro Ozaki took the pres office in
Jun/2010. This is a trading firm, with
mfg division, for import, export and wholesale of pulp & paper, synthetic
resin materials, paperboard, industrial machines, other. Operates 12 overseas offices: USA, China,
Singapore, Malaysia, Thailand, Hong Kong, Taiwan and Vietnam. Clients include food makers, restaurants,
other
The sales volume for Mar/2013 fiscal term amounted to Yen 75,043
million, a 4% up from Yen 72,438 million in the previous term. Sales of cinema complex-related products were
brisk. The recurring profit was posted
at Yen 888 million and the net profit at Yen 548 million, respectively,
compared with Yen 1,431 million recurring profit and Yen 812 million net
profit, respectively, a year ago. Payment
of system investment costs ate into profits.
For the current term ending Mar 2014 the recurring profit is projected
at Yen 900 million and the net profit at Yen 560 million, respectively, on a 5%
rise in turnover, to Yen 78,700 million.
Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 1,899.0 million, on 30 days normal terms.
Date Registered: Sept 1920
Regd No.: 0100-01-013239 (Osaka-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 8
million shares
Issued: 2 million shares
Sum: Yen 200 million
Major shareholders (%): Employees’ S/Holding Assn
(14.2), Nippon Paper (10.0), Global Orchid (8.1), Tokyo Paper Mfg (8.0), Toshihiro
Ozaki (7.4)
No. of shareholders: 43
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading firm for
import, export and wholesale of: pulp & paper, synthetic resin materials,
consumer goods, paperboards, paper products, other (--100%).
Clients: [Mfrs,
wholesalers] Tokan Kogyo Co, Shidax Food Service, Rengo, McDonald’s Japan,
Kokuyo Inc, Fuji Echo Co, Watami Food Service, Tokyo Paper Mfg, Sunco Co,
Nippon Tokan Package Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nippon Paper, Nippon Daishowa Paper, Mitsui Chemical Fabro Inc,
Kuraray Kuraflex Co, Tokyo Paper Mfg, Awa Paper Mfg, Tokan Kogyo Co,
Tokai-Kakoshi Co, other
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Mizuho Bank (Semba)
MUFG (Semba-Chuo)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
78,700 |
75,043 |
72,438 |
72,155 |
|
Recur.
Profit |
|
900 |
888 |
1,431 |
1,551 |
|
Net
Profit |
|
560 |
548 |
812 |
901 |
|
Total
Assets |
|
|
30,688 |
31,294 |
30,757 |
|
Current
Assets |
|
|
23,295 |
24,243 |
23,843 |
|
Current
Liabs |
|
|
20,294 |
21,670 |
21,909 |
|
Net
Worth |
|
|
9,801 |
9,037 |
8,229 |
|
Capital,
Paid-Up |
|
|
200 |
200 |
200 |
|
Div.Ttl
In Million (¥) |
|
|
20 |
20 |
20 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.87 |
3.60 |
0.39 |
2.14 |
|
|
Current Ratio |
|
.. |
114.79 |
111.87 |
108.83 |
|
N.Worth Ratio |
.. |
31.94 |
28.88 |
26.75 |
|
|
R.Profit/Sales |
|
1.14 |
1.18 |
1.98 |
2.15 |
|
N.Profit/Sales |
0.71 |
0.73 |
1.12 |
1.25 |
|
|
Return On Equity |
.. |
5.59 |
8.99 |
10.95 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
UK Pound |
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
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 |
|
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.