|
Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
AOKI TECHNICAL LABORATORY INC |
|
|
|
|
Registered Office : |
4963-3 Minamijo Sakaimachi Hanishina Gun Nagano-Pref 389-0603 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
28.02.2014 |
|
|
|
|
Date of Incorporation : |
March 1976 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturing of plastic molding machines, plastic containers, other
products |
|
|
|
|
No. of Employees |
186 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
AOKI TECHNICAL LABORATORY INC
REGD NAME: KK
Aoki Katashi Kenkyujo
MAIN OFFICE: 4963-3
Minamijo Sakaimachi Hanishina Gun Nagano-Pref 389-0603
Tel:
0268-82-3015 Fax: 0268-82-3699
URL: http//:www.aokitech.co.jp
E-mail
address: koho@aokitech.co.jp
Mfg of plastic
molding machines, plastic containers, other products
Nil
USA, Brazil, Mexico, Germany, Singapore,
China (--subsidiaries); Spain, UK, Shanghai, Thailand, India, Australia (--rep
offices)
At the caption
address
SHUICHI KOSHI,
PRES Shigeto Aoki, ch
Hiroshi Miyahara, dir Yoshiaki Yamaguchi, dir
Mariko Nishizawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 7,499 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 22 M
TREND UP WORTH Yen 1,163 M
STARTED 1971 EMPLOYES 186
MFR OF PLASTIC
MOLDING MACHINES, PLASTIC CONTAINERS, OTHER
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by father of Shigeto Aoki, now ch at
the firm, in order to make most of his experience in the subject line of
business. Specializes in mfg plastic
molding machines, their parts & components, plastic containers, other. About 90% of the products are exported thru
agent dealers to about 35 countries worldwide.
The sales volume for Feb/2014 fiscal term amounted to Yen 7,499 million,
a 15% up from Yen 6,539 million in the previous term. Exports increased to Asian countries. The weaker Yen also contributed to raise
export earnings in Yen terms. The
recurring profit was posted at Yen 565 million and the net profit at Yen 191
million, respectively, compared with Yen 18 million recurring profit and Yen 5
million net profit, respectively, a year ago.
For the current term ending Feb 2015 the recurring profit is projected
at Yen 350 million and the net profit at 200 million, respectively, on a 5%
rise in turnover, to Yen 7,850 million.
Weaker Yen may push export revenues upwards in Yen terms.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date
Registered: Mar 1976
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 176,000 shares
Issued: 44,000 shares
Sum:
Yen 22 million
Major shareholders
(%):
Shigeto Aoki (43%), Michie Yoda (10), Aoki Agency (5), Nobutoshi Baba (4)
No. of shareholders: 54
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Manufactures and
exports plastic molding machines, their parts & components, plastic
containers (lightweight & thin-wall type), other related goods (--100%).
Clients: [Mfrs,
wholesalers] Daelim, Shinmyung Platech Inc, Pioneer, Seiyu, other.
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kyowa Seisakujo (25%), Yanagihara Seisakujo (20%), Nissei Plastic
Ind (15%), Tokyo Keiki, Shinwa Corp, Kawasaki Heavy Ind, other
Payment record: No complaints
Location: Business area in
Hanishina-gun Nagano-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni Bank
(Sakaki)
MUFG
(Shinjuku-Chuo)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
28/02/2015 |
28/02/2014 |
28/02/2013 |
29/02/2012 |
|
|
Annual
Sales |
|
7,850 |
7,499 |
6,539 |
6,143 |
|
Recur.
Profit |
|
350 |
565 |
18 |
257 |
|
Net
Profit |
|
200 |
191 |
5 |
92 |
|
Total
Assets |
|
|
7,489 |
6,375 |
6,229 |
|
Current
Assets |
|
|
5,319 |
4,497 |
4,359 |
|
Current
Liabs |
|
|
4,286 |
3,693 |
3,571 |
|
Net
Worth |
|
|
1,163 |
971 |
966 |
|
Capital,
Paid-Up |
|
|
22 |
22 |
22 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.68 |
14.68 |
6.45 |
-9.77 |
|
Current Ratio |
|
.. |
124.10 |
121.77 |
122.07 |
|
N.Worth Ratio |
|
.. |
15.53 |
15.23 |
15.51 |
|
R.Profit/Sales |
|
4.46 |
7.53 |
0.28 |
4.18 |
|
N.Profit/Sales |
|
2.55 |
2.55 |
0.08 |
1.50 |
|
Return On Equity |
|
.. |
16.42 |
0.51 |
9.52 |
Notes: Forecast
(or estimated) figures for the 28/02/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.