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Report Date : |
11.09.2013 |
IDENTIFICATION DETAILS
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Name : |
TAIYO ENTERPRISE INC |
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Registered Office : |
Koraibashi Kimura Bldg 6F, 2-4-9 Koraibashi Chuoku |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
Aug 1998 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of injection molding machines,
water treatment equipment |
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No. of Employees : |
7 |
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
|
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 |
TAIYO ENTERPRISE
INC
KK Taiyo
Enterprise
Koraibashi Kimura Bldg
6F, 2-4-9 Koraibashi Chuoku Osaka 541-0043 JAPAN
Tel:
06-6221-3661
Fax: 06-6221-3666
E-Mail address: (thru the URL)
Import,
export, wholesale of injection molding machines, water treatment equipment
Tokyo
HIROMI
SATOH, PRES
Takanobu
Haruki, ch
Takako
Haruki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR
A/SALES Yen 15,414 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 264 M
STARTED 1998 EMPLOYES 7
TRADING HOUSE SPECIALIZING IN EXPORT OF INJECTION MOLDING
MACHINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject
company was established originally in 1968 as Uomoto Sangyo KK but had been
inoperative until 1998 when Takanobu Haruki, now ch at the firm, reorganized
the shell company and reactivated business operations. Hiromi Satoh took the pres office in Dec
2011. This is a trading firm
specializing in exporting injection molding equipment centrally. Also handles water treatment equipment, etc. Exports account for 96% of total sales. Exports to China, S/E Asia & Africa,
Korea, India, etc. Partially imports
from China, Korea, India, other.
The sales
volume for Dec/2012 fiscal term amounted to Yen 15,414 million, a 113% up from
Yen 7,246 million in the previous term.
Exports of communication engineering system were robust into African
countries through Singapore. Profits
rose. Net profit was posted at Yen 126
million, compared with Yen 1 million net losses a year ago.
For
the current term ending Dec 2013 the net profit is projected at 130 million, on
a 5% rise in turnover, to Yen 16,200 million.
Exports continue increasing
The
financial situation is considered maintained FAIR and should be good for
ORDINARY business engagements.
Date Registered: Aug
1998
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen 10 million
Major shareholders (%): Takanobu Haruki (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports, imports and wholesales
injection molding machines (for plastics), water treatment equipment, other industrial machinery,
their parts & components (--100%).
(Export 96%, import 4%).
Clients: [Mfrs, wholesalers] Exports to:
Malaysia, Singapore, Taiwan, Korea, Kenya, Tanzania, Uganda, Nigeria, Ethiopia,
etc, mostly through Marubeni Corp, Sumitomo Corp, and other trading houses.
No. of accounts: Unavailable
Domestic
areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Supplied from Yodogawa Steel Works, Yushiro Chemical Ind, Tanisaka Tekkosho, Shiba Sangyo, Sun Mec Co, Flat Products, other.
Imports from India, China,
Taiwan, etc.
Payment record: No
Complaints
Location: Business area in Osaka. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References:
Resona
Bank (Midosuji)
MUFG
(Kawaramachi)
Relations:
Satisfactory
(In Million Yen）
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual
Sales |
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16,200 |
15,414 |
7,246 |
3,824 |
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Recur.
Profit |
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Net
Profit |
|
130 |
126 |
-1 |
7 |
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Total
Assets |
|
|
7,704 |
5,963 |
5,836 |
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Current
Assets |
|
|
7,648 |
5,952 |
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Current
Liabs |
|
|
7,148 |
5,530 |
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Net
Worth |
|
|
264 |
138 |
139 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.10 |
112.72 |
89.49 |
104.27 |
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Current Ratio |
|
.. |
106.99 |
107.63 |
.. |
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N.Worth Ratio |
.. |
3.43 |
2.31 |
2.38 |
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R.Profit/Sales |
|
.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.80 |
0.82 |
-0.01 |
0.18 |
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Return On Equity |
.. |
47.73 |
-0.72 |
5.04 |
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Notes:
Forecast (or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.64.21 |
|
UK Pound |
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.85.20 |
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 |
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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 |
|
-- |
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.