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Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
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Name : |
SAKAI KOUHAN CO LTD |
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Registered Office : |
4-543-3 Miyake-Nishi Matsubara City Osaka-Pref 580-0045 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2013 |
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Date of Incorporation : |
September 1963 |
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Com. Reg. No.: |
002525 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing, processing of steel sheets
(shirring) |
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No. of Employees |
80 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose other major long-term challenges for the economy
|
Source
: CIA |
SAKAI KOUHAN CO LTD
REGD NAME: Sakai
Kouhan KK
MAIN OFFICE: 4-543-3
Miyake-Nishi Matsubara City Osaka-Pref 580-0045 JAPAN
Tel:
0723-31-1300 Fax: 0723-36-1334
*.. Registered at:
1-9-8 Sakai Osaka-Pref
** The is its
Osaka Branch Office
URL: http://www.sakaikouhan.com
E-mail Address:
info@sakaikouhan.com
Mfg, processing of
steel sheets (shirring)
Tokyo, Nagoya, Fukuoka,
Osaka (as given)
China, Bangladesh,
Vietnam
At the caption
address, Sakai (3), Osaka, Fukuyama, Ehime, Hiroshima
KATSUHISA TSUDA,
PRES Shingo Tsuda, ch
Takashi Tanaka,
s/mgn dir Emiko Tsuda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 12,087 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 20 M
TREND SLOW WORTH Yen 1,764 M
STARTED 1963 EMPLOYES 80
MFR & PROCESSOR OF STEEL SHEETS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established by Shingo Tsuda, now ch, in order to
make most of his experience in the subject line of business. Katsuhisa Tsuda is his son. This is a specialized mfr specializing in mfg
(shirring) & processing of sheet iron, hot rolled steel sheets, pickled
steel sheets, other. Also recently
advanced into making solar panels.
Active in overseas expansion, operating offices in China, Vietnam and
Bangladesh. Domestic clients include
steel mills, steel traders, other, nationwide.
The sales volume for Apr/2013 fiscal term amounted to Yen 12,087
million, a 5% down from Yen 12,752 million in the previous term. The recurring profit was posted at Yen 295
million and the net profit at Yen 119 million, respectively, compared with Yen
72 million recurring profit and Yen 51 million net profit, respectively, a year
ago.
For the current term ending Apr 2014 the recurring profit is projected
at Yen 310 million and the net profit at Yen 130 million, respectively, on a 5%
rise in turnover, to Yen 12,700 million.
Sales of solar panels continue rising.
Exports also are rising into China & Vietnam.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements.
Date Registered:
Sept 1963
Regd No.:
(Osaka-Sakai) 002525
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued:
40,000 shares
Sum: Yen 20 million
Major
shareholders (%): Katsuhisa Tsuda (35), Yukiko Nishiyama (30), Emiko Tsuda (27.5), Shingo
Tsuda (7.5)
No.
of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures and
processes: cold-rolled steel sheets, surface-treated steel sheets, galvanized
steel sheets, colored steel sheets, hot-rolled & pickled steel sheets;
metal-working machines & equipment, warehousing & cargo truck forwarding,
solar panels (deck roof type, inclined roof type, folded plate type roof,
other), other (--100%)
Clients: [Steel mills,
steel traders] JFE Steel, Sumikin Bussan Corp, Hanwa Corp, Marubeni-Itochu
Steel Inc, Steel Center Co, Kanpo Steel Co, Nisshin A&C Co, Toyota Tsusho
Corp, Metal One Co, Tsukiboshi Shoji Co, Itochu Corp, Chiyoda Metals,
other.
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Marubeni-Itochu Steel Inc, Kanpo Steel Co, Mitsui & Co, Metal One Corp, Hanwa Co, JFE Shoji Trade
Corp, Tsukiboshi Shoji, Toyotsu Tekkou
Hanbai, Shinsho Corp, Kobe Steel Ltd, Nippon Steel & Sumitomo Metal
Corp, Nakayama Trading Co, other.
Payment record: No complaints
Location: Business area in
Matsubara City, Osaka-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Sakai)
Ikeda Senshu Bank (Matsubara)
Relations: Satisfactory
(In Million
Yen)
|
Terms Ending: |
30/04/2014 |
30/04/2013 |
30/04/2012 |
30/04/2011 |
|
|
Annual
Sales |
|
12,700 |
12,087 |
12,752 |
12,556 |
|
Recur.
Profit |
|
310 |
295 |
72 |
186 |
|
Net
Profit |
|
130 |
119 |
51 |
131 |
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Total
Assets |
|
|
6,327 |
6,320 |
6,522 |
|
Current
Assets |
|
|
4,538 |
4,484 |
4,640 |
|
Current
Liabs |
|
|
2,877 |
3,089 |
2,135 |
|
Net
Worth |
|
|
1,754 |
1,644 |
1,593 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.07 |
-5.21 |
1.56 |
13.09 |
|
|
Current Ratio |
.. |
157.73 |
145.16 |
217.33 |
|
|
N.Worth Ratio |
.. |
27.72 |
26.01 |
24.43 |
|
|
R.Profit/Sales |
2.44 |
2.44 |
0.56 |
1.48 |
|
|
N.Profit/Sales |
1.02 |
0.98 |
0.40 |
1.04 |
|
|
Return On Equity |
.. |
6.78 |
3.10 |
8.22 |
|
Note: Forecast (or
estimated) for the 30/04/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
|
|
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 |
-- |
|
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.