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Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
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Name : |
NAKAMURA KOKI CO
LTD |
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Registered Office : |
Mukogawa Kogyo Danchi, 18-43 Heizaemoncho Amagasaki Hyogo-Pref 660-0087 |
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Country : |
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Financials (as on) : |
28.02.2014 (Estimated) |
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Date of Incorporation : |
10.07.1953 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of Bladder Type Accumulators, Piston Type Accumulators, Accumulator
Accessories, Oil Hydraulic Equipment (Pumps, Valves, Motors, Units) &
System Products (Accumulator Stand, N2 Gas Booster, Gas Bottles) |
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No of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 |
NAKAMURA KOKI CO LTD
Nakamura Koki KK
Mukogawa Kogyo
Danchi, 18-43 Heizaemoncho Amagasaki Hyogo-Pref
660-0087 JAPAN
Tel:
06-6419-3791 Fax: 06-6419-3795
E-Mail address: (thru the URL)
Manufacturer of Bladder Type Accumulators, Piston Type Accumulators,
Accumulator Accessories, Oil Hydraulic Equipment (Pumps, Valves, Motors, Units)
& System Products (Accumulator Stand, N2 Gas Booster, Gas Bottles)
Tokyo,
Osaka, Hiroshima
China
At the
caption address, China
MASAO
NAKAMURA, PRES Miyako Nakamura, dir
Mayumi
Nakamura, dir Hiroaki
Nakamura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,100 M
PAYMENTSNo Complaints
CAPITAL Yen 35 M
TREND UP WORTH Yen 2,135 M
STARTED 1953 EMPLOYES 20
MFR OF ACCUMULATORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by father of Masao Nakamura in order
to make most of his experience in the subject line of business. This is a specialized mfr of accumulators,
oil hydraulic equipment, other. Has an
mfg base in China. Goods are distributed
thru a subsidiary, Nakamura Engineering Co Ltd, at the caption address.
Financials are only partially disclosed.
The sales volume for Feb/2013 fiscal term amounted to Yen 1,100 million,
a 57% up from Yen 700 million in the previous term. The net profit was posted at Yen 150 million,
compared with Yen 75 million a year ago.
For the term that ended Feb 2014 the net profit was projected at Yen 160
million, on a 5% rise in turnover, to Yen 1,150 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: 10
July 1953
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
280,000 shares
Issued: 70,000 shares
Sum: Yen 35 million
Major shareholders (%): Masao
Nakamura & families (--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
bladder type accumulators, piston type accumulators, accumulator accessories,
oil hydraulic equipment (pumps, valves, motors, Units), system products
(accumulator stand, N2 gas booster, gas bottles, other), others (--100%)
Clients: [Mfrs,
wholesalers] Nakamura Engineering Co Ltd (100%)
No. of accounts: 1 for
distribution nationwide
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Igeta Sunrise Pipe, Mitsubishi Cable Ind Sales, Shibata Tekkosho,
other
Payment record: No
Complaints
Location:
Business area in Amagasaki, Hyogo-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Mizuho
Bank (Nishi-Noda)
MUFG
(Umeda-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
|
28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
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Annual
Sales |
|
1,150 |
1,100 |
700 |
620 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
160 |
150 |
75 |
68 |
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Total
Assets |
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|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
2,135 |
1,985 |
1,910 |
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Capital,
Paid-Up |
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|
35 |
35 |
35 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.55 |
57.14 |
12.90 |
-10.14 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
13.91 |
13.64 |
10.71 |
10.97 |
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Notes:
Financials are only partially disclosed
Forecast
(or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
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UK Pound |
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
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|
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.