MIRA INFORM REPORT

 

 

Report Date :

02.09.2013

 

IDENTIFICATION DETAILS

 

Name :

OMNI CO LTD

 

 

Registered Office :

Daiichi Seimei Bldg 8F, 2-13, Shinsakaemachi Nakaku Nagoya 460-0004

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2013

 

 

Date of Incorporation :

Jun 1997

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Temporary staffing services, outsourcing of computer software (package)

 

 

No. of Employees :

43

 

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

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

 

 

 

COMPANY NAME

 

OMNI CO LTD

 

 

REGD NAME

 

KK Omni

 

 

MAIN OFFICE

 

Daiichi Seimei Bldg 8F, 2-13, Shinsakaemachi Nakaku Nagoya 460-0004 JAPAN

Tel: 052-971-7653      Fax: 052-971-7654

 

URL:                 http://www.omnint.co.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Temporary staffing, business outsourcing, other

 

 

LICENSES

 

Temporary Services: Permission No/Han 23-300125

 

Placement Services: Permission No/128 YU 300042

 

 

BRANCHES

 

Tokyo

 

 

OVERSEAS

 

Shanghai

 

OFFICERS

 

KEIJI OKADA, PRES    

Ryu Ogiso, dir

Rei Takai, dir

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 651 M

PAYMENTSNO COMPLAINTS    CAPITAL           Yen 30 M

TREND SLOW                           WORTH            Yen 250 M

STARTED         1997                             EMPLOYES      43

 

 

COMMENT

 

TEMPORARY STAFFING SERVICES.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company is a temporary staffing service company, owned and operated by Keiji Okada.  It also offers outsourcing services, and development of computer software (outsourcing), other.  Clients include electronics makers, other

 

 

FINANCIAL INFORMATION

           

            The sales volume for Apr/2013 fiscal term amounted to Yen 651 million, a 16% down from Yen 774 million in the previous term.  The recurring profit was posted at Yen 10 million and the net profit at Yen 10 million, respectively, compared with Yen 47 million recurring profit and Yen 18 million net profit, respectively, a year ago.

 

            For the current term ending Apr 2014 the recurring profit is projected at Yen 20 million and the net profit at Yen 15 million, respectively, on a 3% rise in turnover, to Yen 670 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

 

REGISTRATION

 

Date Registered:                        Jun 1997

Regd No.:                      1800-01-044990 (Nagoya-Nakaku)

Legal Status:                  Limited Company (Kabushiki Kaisha)

Authorized:                    2,400 shares

Issued:                          600 shares

Sum:                              Yen 30 million

      Major shareholders (%): Keiji Okada (100)

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Temporary staffing services, outsourcing of computer software (package), others (--100%)

 

Clients: [Mfrs, wholesalers] Mitsubishi Electric Mechatronics Software Corp (18.7%), Quest Co (14.6), Nagoyajo-Shinkokyokai (10.1%), other  

No. of accounts: 200

Domestic areas of activities: Centered in greater-Nagoya

 

Suppliers: [Mfrs, wholesalers] Infini Inc, Casio Computer Co, J&T Systems, Universal Computer, other

 

Payment record: No Complaints

 

Location: Business area in Nagoya.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Otsucho)

Aichi Bank (Nagoya-Ekimae)

Relations: Satisfactory

 

 

 

 

 

FINANCES

 (In Million Yen)

       Terms Ending:

30/04/2014

30/04/2013

30/04/2012

Annual Sales

　

670

651

774

Recur. Profit

　

20

10

47

Net Profit

　

15

10

18

Total Assets

　

　

383

404

Current Assets

　

　

157

188

Current Liabs

　

　

78

104

Net Worth

　

　

250

239

Capital, Paid-Up

　

　

30

30

Div.P.Share(¥)

　

　

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

    S.Growth Rate

2.92

-15.89

19.08

    Current Ratio

 

..

201.28

180.77

    N.Worth Ratio

..

65.27

59.16

    R.Profit/Sales

 

2.99

1.54

6.07

    N.Profit/Sales

2.24

1.54

2.33

    Return On Equity

..

4.00

7.53

 

Notes: Forecast (or estimated) figures for the 31/04/2014 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.57

UK Pound

1

Rs.103.34

Euro

1

Rs.88.16

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.