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Report Date : |
26.07.2014 |
IDENTIFICATION DETAILS
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Name : |
HOTANI CO LTD |
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Registered Office : |
1452 Todoroki Kiminocho Kaisogun |
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Country : |
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Financials (as on) : |
30.06.2014 (Estimated) |
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Date of Incorporation : |
December 1973 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Industrial Brush Rolls (including Brush
rolls for Steel and Nonferrous
Metal Brush Rolls for special industries), Brush Making
Machines & Equipment Subject product
lines are as follows:- Industrial Brush Rolls Brush Rolls For Steel & Nonferrous Metals, Brush Rolls For Special Industries Brush categories Cleaning Brush, High Grinding Brush, De-Scaling Brush, Special Specification Brush, Made-To-Order Brushes Brush Making Machines Brushing Equipment,
Spray Electrolytic Cleaning Equipment, Roll Polisher Equipment, Edge Polisher
Equipment, Wringer Roll Equipment, C-Camber Correction Equipment, Full
Automatic Roll Changer, Edge Wiper Equipment, Water Treatment Equipment,
Electricity Control Panels |
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No of Employees : |
100 |
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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source : CIA |
HOTANI CO LTD
KK Hotani
1452 Todoroki
Kiminocho Kaisogun Wakayama-Pref 489-5025 JAPAN
Tel:
073-489-2375 Fax: 073-489-5025
* Osaka Branch at: Shin-Osaka Ueno Toyo Bldg 2F, 7-4-17 Nishinakajima
Yodogawaku Osaka, as given
E-mail
address: info@hotani.co.jp
Manufacturer of Industrial Brush Rolls (including Brush
rolls for Steel and Nonferrous
Metal Brush Rolls for special industries), Brush Making
Machines & Equipment
Subject product
lines are as follows:-
Industrial Brush Rolls
Brush Rolls For Steel & Nonferrous Metals, Brush Rolls For Special Industries
Brush categories
Cleaning Brush, High Grinding Brush, De-Scaling Brush, Special Specification Brush, Made-To-Order Brushes
Brush Making Machines
Brushing Equipment, Spray
Electrolytic Cleaning Equipment, Roll Polisher Equipment, Edge Polisher
Equipment, Wringer Roll Equipment, C-Camber Correction Equipment, Full
Automatic Roll Changer, Edge Wiper Equipment, Water Treatment Equipment,
Electricity Control Panels
Osaka
(as given), Yamaguchi, Chiba
Shanghai
(China), Germany
Wakayama
(adjacent to the caption address)
AKIHIKO
HOTANI, PRES Shuichi
Sehata, s/mgn dir
Kenji Otoi, s/mgn dir Katsunor
Hanamitsu, mgn dir
Tomoko Hotani, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,965 M
PAYMENTSNo Complaints
CAPITAL Yen 40 M
TREND SLOW WORTH Yen 1,089 M
STARTED 1973 EMPLOYES 100
MFR SPECIALIZING IN INDUSTRIAL BRUSH ROLLS & BRUSH MFG
MACHINES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1963 by Setsuo Hotani
in order to process bristles, on his account.
Incorporated in 1973, the firm started to make industrial brushes. Akihiko is the founder’s son. This is a specialized mfr of industrial brush
rolls, brush making machines & equipment (See OPERATION). Established
recycling system of brush rolls in 2005.
In 2006, merged with two sister companies, Hotani Shoji Co Ltd &
Hotani Kiko Ltd, to integrate and streamline business operations. Goods are exported. Clients include steel makers, heavy machinery
makers, other
The sales volume for Jun/2013 fiscal term amounted to Yen 1,965 million,
a 19% down from Yen 2,427 million in the previous term. The recurring profit was posted at Yen 50 million
and the net profit at Yen 41 million, respectively, compared with Yen 47
million recurring profit and Yen 27 million net profit, respectively, a year
ago.
For the term that ended Jun 2014 the recurring profit was projected at
Yen 55 million and the net profit at Yen 35 million, respectively, on a 4% rise
in turnover, to Yen 2,050 million. Final
results are yet to be released.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements.
Date
Registered: Dec 1973
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued: 81,500 shares
Sum: Yen 40.75
million
Major shareholders (%):
Akihiko Hotani (31), Shuichi Sebata (9), Jun Hanamitsu (5)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures industrial brush rolls, brush mfg machines & equipment (--100%)
(Mfg items):
Industrial brush rolls: brush rolls for steel & nonferrous metals, brush rolls for special industries;
(Brush categories): cleaning brush, high grinding brush, de-scaling brush, special specification brush, made-to-order brushes;
Brush mfg machines: brushing equipment, spray electrolytic cleaning equipment, roll polisher equipment, edge polisher equipment, wringer roll equipment, C-camber correction equipment, full automatic roll changer, edge wiper equipment, water treatment equipment, electricity control panels.
Clients: [Mfrs, steel mills] Nippon Steel & Sumitomo Metal Corp, JFE Steel, O-Well Corp, , Mitsui & Co, Kawasaki Heavy Ind, Sumitomo Heavy Ind, Mitsubishi-Hitachi Metals Machinery, Shinsho Co, Nihon Kenshi, Sumikin Bussan Matex, Hanwa Co, Osbourne International Group (USA, England, Germany, Brazil, China), Nosas (Spain), Posco Int’l Group (Korea), Hitachi Ltd, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Engineering Plastics, Kuraray Co, Toyobo Co, Ube Ind, Asahi Kasei Co, Pacific Rundum, Daiwa Textile, Hitachi Industrial Equipment Systems, N-Tech Co, Sanwa Ind, Fuji Shokai Co, other.
Payment record: No Complaints
Location:
Business area in Wakayama. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Shoko
Chukin Bank (Wakayama)
MUFG
(Wakayama)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/06/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
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Annual
Sales |
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2,050 |
1,965 |
2,427 |
2,415 |
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Recur.
Profit |
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55 |
50 |
47 |
14 |
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Net
Profit |
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35 |
31 |
17 |
-2 |
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Total
Assets |
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3,988 |
4,279 |
4,579 |
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Current
Assets |
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1,333 |
1,490 |
1,645 |
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Current
Liabs |
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411 |
563 |
689 |
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Net Worth |
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1,089 |
1,058 |
1,031 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
4.33 |
-19.04 |
0.50 |
23.03 |
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Current Ratio |
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.. |
324.33 |
264.65 |
238.75 |
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N.Worth Ratio |
.. |
27.31 |
24.73 |
22.52 |
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R.Profit/Sales |
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2.68 |
2.54 |
1.94 |
0.58 |
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N.Profit/Sales |
1.71 |
1.58 |
0.70 |
-0.08 |
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Return On Equity |
.. |
2.85 |
1.61 |
-0.19 |
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Notes:
Forecast (or estimated) for the 30/06/2014 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.14 |
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UK Pound |
1 |
Rs.102.22 |
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Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.