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Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TAMAKI SANGYO CO LTD |
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Registered Office : |
Osaka-Ekimae No.3 Bldg 24F, 1-1-3 Umeda
Kitaku Osaka 530-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April 1973 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter, Importer and Wholesaler of iron & steel
products (steel primary products) |
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No. of Employees : |
14 |
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source
: CIA |
TAMAKI SANGYO CO LTD
Tamaki Sangyo KK
Osaka-Ekimae No.3
Bldg 24F, 1-1-3 Umeda Kitaku Osaka 530-0001 JAPAN
Tel:
06-6341-7538 Fax: 06-6343-1927
URL: N/A
Export,
import of iron & steel products
Nil
TAKEHIKO
OKAMOTO, PRES
Kenji
Nishijima, mgn dir
Norio
Takano, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,825 M
PAYMENTSno Complaints CAPITAL Yen 48 M
TREND SLOW WORTH Yen 902 M
STARTED 1973 EMPLOYES 14
TRADING FIRM SPECIALIZING IN EXPORT OF IRON/STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was
established by father of Takehiko Okamoto in order to make most of his
experience in the subject line of business.
Takehiko took the pres office in Apr 2008. This is a trading firm, owned & operated
by the Okamoto family, specializing in export of iron & steel
products. Goods are exported mainly to
S/E Asian countries: Korea, Taiwan, Indonesia, India, China, other.
The sales volume for Mar/2013 fiscal term amounted to Yen 3,825 million, a 13% down from Yen 4,398 million in the previous term. Demand in India declined and exports decreased. High Yen hurt export revenues, reducing earnings in Yen terms. The recurring profit was posted at Yen 88 million and the net profit at Yen 55 million, compared with Yen 174 million recurring profit and Yen 86 million net profit, respectively, a year ago.
For the current term ending Mar 2014 the recurring profit is projected at Yen 100 million and the net profit at Yen 80 million, respectively, on a 5% rise in turnover, to Yen 4,000 million. Weak Yen may push sales earnings in Yen terms.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1973
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 256,000 shares
Issued: 64,000 shares
Sum: Yen 32 million
Major shareholders (%): Takehiko Okamoto (41.3), Taku
Okamoto (35.9), Nobuko Okamoto (6.3), Kenji Nishijima (1.6)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports, imports and wholesales iron & steel products (steel primary products) (--100%)
Clients: [Mfrs, wholesalers] Exports to India, Korea, Indonesia, China, Taiwan, Thailand, other.
Domestic clients: Hagihara Ind Inc, Teramoto Sharing Co, Sakakura Sharing Co, Koyo Sharing Co, JFE Shoji Trading, NSM Coil Center, Nisshin Sharing, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] JFE Electrical Steel Co, Daewoo Japan, Naigai Steel Co, Teramoto Sangyo Co, JFE Shoji Trading, Sumikin Bussan Corp, Sakai Kouhan Co, Onoken Co, Metal One Steel Service, other
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Amagasaki Shinkin Bank (Osaka)
MUFG
(Osaka-Ekimae)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
4,000 |
3,825 |
4,398 |
3,342 |
|
Recur.
Profit |
|
100 |
88 |
174 |
180 |
|
Net
Profit |
|
80 |
55 |
86 |
98 |
|
Total
Assets |
|
|
1,335 |
1,469 |
1,380 |
|
Current
Assets |
|
|
1,178 |
1,311 |
1,196 |
|
Current
Liabs |
|
|
433 |
612 |
598 |
|
Net
Worth |
|
|
902 |
857 |
782 |
|
Capital,
Paid-Up |
|
|
48 |
32 |
32 |
|
Div.Ttl
in Million (¥) |
|
|
11.2 |
11.2 |
9.8 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.58 |
-13.03 |
31.60 |
37.02 |
|
|
Current Ratio |
|
.. |
272.06 |
214.22 |
200.00 |
|
N.Worth Ratio |
.. |
67.57 |
58.34 |
56.67 |
|
|
R.Profit/Sales |
|
2.50 |
2.30 |
3.96 |
5.39 |
|
N.Profit/Sales |
2.00 |
1.44 |
1.96 |
2.93 |
|
|
Return On Equity |
.. |
6.10 |
10.04 |
12.53 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
UK Pound |
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.