MIRA INFORM REPORT

 

 

Report Date :

07.08.2014              

 

IDENTIFICATION DETAILS

 

Name :

DAIICHI JITSUGYO VISWILL CO LTD

 

 

Registered Office :

12-43 Honamicho Suita City Osaka-Pref 564-0042

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

September 1971

 

 

Com. Reg. No.:

1203-01-013700

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Imports, exports and wholesales inspection systems: visual inspection systems for pharmaceuticals, tablet video inspection system for chip components, image processing units, others (--100%)

 

 

No. of Employees :

78

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

 

 

Company name and address

 

DAIICHI JITSUGYO VISWILL CO LTD

REGD NAME:    Daiichi Jitsugyo Viswill KK

MAIN OFFICE:  12-43 Honamicho Suita City Osaka-Pref 564-0042 JAPAN

Tel: 06-6378-6112      Fax: 06-6378-6117

 

URL:                 http://www.viswil.jp

E-Mail address: (thru the URL)

 

 

ACTIVITIES  

 

Import, export, wholesale of inspection systems for pharmaceuticals, other

 

 

BRANCHES   

 

Tokyo, Osaka, Saitama

 

 

OVERSEAS   

 

USA, Singapore, Taiwan (2), and Korea

 

 

OFFICERS

 

MITSURU YOSHIDA, PRES       Shigenobu Terakawa, rep dir

Naohide Asari, dir                      Junzo Takai, dir

Michiaki Sugiura, dir                   Ichiro Uno, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 3,784 M

PAYMENTSNo Complaints         CAPITAL           Yen 100 M

TREND STEADY           WORTH            Yen 1,545 M    

STARTED         1971                 EMPLOYES      78

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN INSPECTION SYSTEMS FOR PHARMACEUTICALS, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY

BUSINESS ENGAGEMENTS.

                       

NORMAL TERMS.

 

 

HIGHLIGHTS

           

The subject company was established on the basis of a division separated from Kanebo Ltd as Kanebo Engineering Ltd, and in 2005 the firm was acquired by Daiichi Jitsugyo Co Ltd by transfer of stocks and became its wholly owned subsidiary.  This is a trading firm for import, export and wholesale of various inspection systems for pharmaceuticals, semiconductors, electronic components, other. 

 

 

FINANCIAL INFORMATION

           

            The sales volume for Mar/2014 fiscal term amounted to Yen 2,784 million, a 1% up from Yen 2,758 million in the previous term.  Sales of inspection systems for pharmaceuticals fared well.  The net profit was posted at Yen 66 million, compared with Yen 71 million a year ago.

 

            For the current term ending Mar 2015 the net profit is projected at Yen 75 million, on a 4% rise in turnover, to Yen 2,900 million.

 

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

 

 

REGISTRATION

 

Date Registered:       Sept 1971

Regd No.:                 1203-01-013700 (Osaka-Suita)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800,000 shares

Issued:                200,000 shares

Sum:                   Yen 100 million

Major shareholders (%): Daiichi Jitsugyo Co Ltd* (100)

 

*.. Daiichi Jitsugyo Co Ltd, trading firm specializing in machinery, Tokyo, founded 1948, listed Tokyo S/E, capital Yen 5,105 million, sales Yen 122,102 million, operating profit Yen 4,074 million, recurring profit Yen 4,475 million, net profit Yen 3,459 million, total assets Yen 81,443 million, net worth Yen 31,104 million, employees 111,069, pres Koji Yamagata

 

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

OPERATION

           

Activities: Imports, exports and wholesales inspection systems: visual inspection systems for pharmaceuticals, tablet video inspection system for chip components, image processing units, others (--100%)

 

Clients: [Mfrs, wholesalers] Daiichi Jitsugyo Co, Yoli New Technology, GEA, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Godai Embody Co, FP 21, Taiyo Kikai Ltd, Nikon Corp, other

Payment record: Regular

Location: Business area in Suita, Osaka-pref.  Office premises at the caption address are owned and maintained satisfactory.

Bank References:

SMBC (Osaka-Chuo & Dojima)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

31/03/2015

31/03/2014

31/03/2013

31/03/2012

Annual Sales

　

2,900

2,784

2,758

2,682

Recur. Profit

　

　

　

114

　

Net Profit

　

75

66

71

69

Total Assets

　

　

2,895

2,656

2,635

Current Assets

　

　

2,747

2,553

2,530

Current Liabs

　

　

1,153

1,037

1,115

Net Worth

　

　

1,545

1,444

1,378

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

4.17

0.94

2.83

24.98

    Current Ratio

　

..

238.25

246.19

226.91

    N.Worth Ratio

　

..

53.37

54.37

52.30

    R.Profit/Sales

　

..

..

4.13

..

    N.Profit/Sales

　

2.59

2.37

2.57

2.57

    Return On Equity

　

..

4.27

4.92

5.01

 

Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.33

UK Pound

1

Rs.103.43

Euro

1

Rs.81.96

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

PDT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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