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Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
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Name : |
OSAKA TECHNOCRAT CO LTD |
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Registered Office : |
1-3 |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 2002 |
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Com. Reg. No.: |
1201-01-010128 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures central heating & cooling systems using solar energy
(--100%) |
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No. of Employees : |
24 |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 |
OSAKA TECHNOCRAT
CO LTD
KK Osaka Technocrat
1-3 Shijodori Sakai City Osaka-Pref 590-0045 Japan
Tel: 072-221-0426
Fax: 072-228-7832
URL: http://www.osaka-techno.com
E-Mail address: Osaka-techno.hon1@jasmin.ocn.ne.jp
ACTIVITIES: Mfg of central heating & cooling
systems
BRANCHES: Tokyo, Sapporo
FACTORIES: At the caption address
OFFICERS: YOSHITSUGU MINE, PRES
Tetsuo Wada, s/mgn
dir
Yoshimi
Masuda, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 1,713 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 40 M
TREND STEADY WORTH Yen 117 M
STARTED 2002 EMPLOYES 24
COMMENT: MFR OF CENTRAL HEATING & COOLING
SYSTEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Yoshitsugu Mine in order to make
most of his experience in the subject line of business. This is a specialized mfr of central heating
& cooling systems using solar energy, offering engineering works of the
system. Clients include major
construction firms, housing industry, other.
The sales volume for Mar/2014 fiscal term amounted to Yen 1,713 million,
an almost similar amount of Yen 1,728 million in the previous term. The recurring profit was posted at Yen10
million and the net profit at Yen 7 million, respectively, compared with Yen 6
million recurring profit and Yen 7 million net profit, respectively, a year
ago.
For the current term ending Mar 2015 the recurring profit is projected
at Yen 15 million and the net profit at Yen10 million, respectively, on a 5%
rise in turnover, to Yen 1,800 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 10.4 million, on 30 days normal terms.
Date Registered: Apr
2002
Regd No.: 1201-01-010128
(Sakai-Sakaiku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 3,200 shares
Issued:
800
shares
Sum: Yen
40 million
Major shareholders
(%): Yoshitsugu Mine (51),
Tetsuo Wada (49)
No. of
shareholders: 2
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
central heating & cooling systems using solar energy (--100%)
(Mfg items):
Central heating
& cooling systems: boiler plant system, solar hybrid system, district
heating & cooling system, cogenerating systems, cascade control system;
Piping systems;
Drain
sterilization systems
Clients: [Mfrs, wholesalers]
Daiwa House Ind, Tokyo Community, Daiwa Odakyu Construction, Tokyu
Construction, Takasago Thermal Engineering Co, Kubota Corp, Sanko
Airconditioning Co, In-Site Energy, Fuji Jyutaku, Hankyu Community, Lemongas
Co, Sanyo Homes, Waseda Environmental Institute, Marimo Co, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kubota Corp, Toto Ltd, JR Group firms, Miura Kogyo, Alfa Laval
Japan, Morinaga Engineering, LIXIL, TOTO Kansai Hambai, Sumisho Metalex Corp,
MMA, Chofu Seisakusho Co, Grundfos Pump, other
Payment record: No Complaints
Location: Business area in
Sakai City, Osaka-Pref. Office premises
at the caption address are owned leased and maintained satisfactorily.
Bank References:
SMBC (Sakai)
Resona Bank (Sakai-Higashi)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual Sales |
|
1,800 |
1,713 |
1,728 |
1,711 |
|
Recur. Profit |
|
15 |
10 |
6 |
10 |
|
Net Profit |
|
10 |
7 |
7 |
8 |
|
Total Assets |
|
|
1,466 |
1,269 |
1,576 |
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Current Assets |
|
|
1,371 |
1,171 |
1,276 |
|
Current Liabs |
|
|
665 |
498 |
663 |
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Net Worth |
|
|
117 |
110 |
102 |
|
Capital, Paid-Up |
|
|
40 |
40 |
40 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.08 |
-0.87 |
0.99 |
2.52 |
|
Current Ratio |
|
.. |
206.17 |
235.14 |
192.46 |
|
N.Worth Ratio |
|
.. |
7.98 |
8.67 |
6.47 |
|
R.Profit/Sales |
|
0.83 |
0.58 |
0.35 |
0.58 |
|
N.Profit/Sales |
|
0.56 |
0.41 |
0.41 |
0.47 |
|
Return On Equity |
|
.. |
5.98 |
6.36 |
7.84 |
Notes: Forecast figure for the 31/03/2015
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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 |
|
<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.