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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
NIPPON DENSHOKU
INDUSTRIES CO., LTD. |
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Registered Office : |
Sengoku Hasegawa
Bldg. 4-45-17, Sengoku, Bunkyo-ku, |
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Country : |
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Date of Incorporation : |
08.02.1960 |
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Com. Reg. No.: |
0100-01-005937 ( |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Engaged in development and manufacturer of Color Measuring Equipment
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No of Employees : |
59 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 |
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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 |
NIPPON DENSHOKU INDUSTRIES CO., LTD.
Company name: NIPPON
DENSHOKU INDUSTRIES CO., LTD.
Name in local
language: NIPPON DENSHOKU KOGYO K.K.
Office address: Sengoku
Hasegawa Bldg. 4-45-17, Sengoku, Bunkyo-ku, Tokyo 112-0011
Country: Japan
Office tel: 03-3946-4392
Office fax: 03-3946-1690
Website: www.nippondenshoku.co.jp
Business type: Manufacturer
Industry: Color
measuring equipment
Established: February
8, 1960
Capital: Jp.
81,000,000 yen
Employees: 59
Corporate formation:
Private
Corporation No.: 0100-01-005937 (Tokyo Legal Affairs
Bureau)
Paid in capital : Jp. 81,000,000 yen
Number of authorized
shares : 144,000 shares
Shares issued : 108,000 shares
Number of
shareholder : 27
Name of
shareholders Number of shares (%)
-----------------------------------------------------------------------------------------------------------
Tokyo Small and
Medium Business
Investment & Consultation Co., Ltd. 54,000
shares (50.0)
Mr. Minoru Suzuki
8,131 shares ( 7.5)
Ms. Sadae
Suzuki 7,331 shares ( 6.8)
Mr. Koichi Iwamoto,
President 6,555 shares ( 6.1)
Ms. Chisako Iwamoto,
Director 6,352 shares ( 5.9)
-----------------------------------------------------------------------------------------------------------
Total 82,369 shares
(76.3)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Manufacturing Color
measuring equipment
President Mr.
Koichi Iwamoto (*)
Nationality: Japan
Chairman Ms. Chisako Iwamoto (*)
Nationality: Japan
Senior Managing
Director Mr. Koji Iwamoto
Nationality: Japan
Director Mr.
Bunshiro Suzuki
Nationality: Japan
Director Mr.
Hirofumi Motomura
Nationality: Japan
Nationality: Japan
Auditor Ms.
Ikuko Inoue
Nationality: Japan
Note: The names of
director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Koichi Iwamoto
President and
representative director
Born on January 8,
1970
Education: Graduated
from a foreign university
Home address:
5-8-23, Inokashira, Mitaka-shi, Tokyo 181-0001
Currency: (local
currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
1,464,000,000 |
65,000,000 |
|
2009 |
1,189,000,000 |
20,482,000 |
|
2010 |
1,283,000,000 |
71,710,000 |
|
2011 |
1,355,000,000 |
62,000,000 |
|
2012 |
1,459,000,000 |
109,000,000 |
|
2013 |
1,420,000,000 |
80,000,000 |
*Book Closing*
============
July 31st
*Financials*
==========
As a private limited
company, no official financial statement is required to be disclosed publicly.
Bank Name : Bank of Tokyo-Mitsubishi UFJ, Ltd.
Branch : Sugamo
Bank Name : Mizuho Bank, Ltd.
Branch : Komagome
The subject is a
long-standing firm specializing in development and manufacture of measuring
equipment originally for color, but is now diversifying into various business
spheres by utilizing its accumulated technologies.
Although the exact
financial condition is not available due to non-disclosure of its financial
statements, there would be a certain amount of retained earnings.
Negative factors are
not observed in particular at moment.
Branch name: Osaka
business office
Branch address: Shibata,
Kita-ku, Osaka-shi
Branch tel: 06-6372-2963
Branch fax: 06-6372-4498
*Main Products &
Services*
======================
Manufacture and
sales of color measuring equipment
Plant: at the
location of the head office
Technology center:
Koshigaya-shi, Saitama pref.
*Address*
=========
Registered address is
the same as the operational address.
Date Development
-----------------------------------------------------------------------------------------------
May 1954 Started
business under the name of “Suzuki Seisakusho.”
February 8,
1960 Incorporated under the current company name by splitting the
above
entity. Capita paid in: JPY 500,000.
September 1966 Increased
the capital to JPY 2 million.
February 1967 Relocated
to the current address.
Invented the world’s first color
measuring equipment in collaboration
with The Ministry of Agriculture &
Forestry. Patented.
March 1989 Founded
the Technology Center.
April 1991 Increased
the capital to the current amount of JPY 81 million.
January 1993 Launched
a measuring equipment for water quality.
November 2001 ISO9001:2000
certified.
November 2009 ISO9001:2008 certified.
March 2010 Launched
continuous measuring equipment for water quality
(patented).
January 2011 Launched
the measuring equipment for residual chloride (patent
pending)
April 2013 Launched
the measuring equipment for haze degree (patent pending).
*Suppliers*
==========
Seo Metal Plating
Co., Ltd.
Tohpla Techno Corp.
Fair Corp.
Mitaka Seiki Co.,
Ltd.
Interface Inc.
*Customers*
==========
Kaneka Corp.
Kishu-Hokuetsu Pulp
& Paper Co., Ltd.
Denki Kagaku Kogyo
Co., Ltd.
Rengo Corp.
UCC Ueshima Coffee
Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
|
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.