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Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
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Name : |
NAKAMURA KOKI CO LTD |
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Registered Office : |
Mukogawa Kogyo Danchi, 18-43 Heizaemoncho Amagasaki Hyogo-Pref 660-0087 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2010 |
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Date of Incorporation : |
July 1953 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of bladder type accumulators, piston type accumulators,
accumulator accessories, oil hydraulic equipment (pumps, valves, motors,
Units) |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
NAKAMURA KOKI CO LTD
Nakamura Koki KK
Mukogawa Kogyo
Danchi, 18-43 Heizaemoncho Amagasaki Hyogo-Pref 660-0087 JAPAN
Tel:
06-6419-3791 Fax: 06-6419-3795
E-Mail address: (thru
the URL)
Mfg of
accumulators, oil hydraulic equipment
Nil
China
At the
caption address, China
MASAO
NAKAMURA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 686 M*
PAYMENTS Unknown CAPITAL Yen 35 M
TREND SLOW WORTH Yen
833 M*
STARTED 1958 EMPLOYES 35
*.. Of the
Feb/2010 fiscal term figures
MFR OF ACCUMULATORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Masao Nakamura in order
to make most of his experience in the subject line of business. This is a specialized mfr of accumulators,
oil hydraulic equipment, other. Has an
mfg base in China. Goods are distributed
thru a subsidiary, Nakamura Engineering Co Ltd, at the caption address.
Financials are only disclosed until Feb/2010 fiscal term, and no figures
have been disclosed after that.
The sales volume for Feb/2010 fiscal term amounted to Yen 686 million, a
30% down from Yen 980 million in the previous term. The net profit was posted at Yen 85 million,
compared with Yen 130 million a year ago.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jul 1953
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
280,000 shares
Issued:
70,000 shares
Sum: Yen 35 million
Major shareholders (%): Masao Nakamura (75), Mutsuko
Hirotsune (15)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
bladder type accumulators, piston type accumulators, accumulator accessories,
oil hydraulic equipment (pumps, valves, motors, Units), others (--100%)
Clients: [Mfrs,
wholesalers] Nakamura Engineering Co Ltd (100%)
No. of accounts: 1 for
distribution nationwide
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Igeta Sunrise Pipe, Mitsubishi Cable Ind Sales, Shibata Tekkosho,
other
Payment record: Unknown
Location: Business area in
Amagasaki, Hyogo-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank
References:
Mizuho
Bank (Nishi-Noda)
Shoko
Chukin Bank (Amagasaki)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
28/02/2010 |
28/02/2009 |
28/02/2008 |
28/02/2007 |
|
Annual
Sales |
|
686 |
980 |
875 |
900 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
85 |
130 |
65 |
30 |
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Total
Assets |
|
N/A |
N/A |
N/A |
N/A |
|
Net
Worth |
|
833 |
748 |
618 |
553 |
|
Capital,
Paid-Up |
|
35 |
35 |
35 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
-30.00 |
12.00 |
-2.78 |
-99.72 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
12.39 |
13.27 |
7.43 |
3.33 |
|
Notes:
Financials are only disclosed until Feb/2010 fiscal term, and not ever since.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
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 |
|
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 |
|
-- |
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.