|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
OHYAMA CO LTD |
|
|
|
|
Registered Office : |
2-1-7 Chuo
Aobaku Sendai 980-0021 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
April 1986 |
|
|
|
|
Com. Reg. No.: |
3700-01-007432 |
|
|
|
|
Legal Form : |
Limited Company
(Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, export, wholesale
of home-use products |
|
|
|
|
No. of Employees : |
20 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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. 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 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 exceeds 225% 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 |
OHYAMA CO LTD
REGD NAME: KK
Ohyama
MAIN OFFICE: 2-1-7
Chuo Aobaku Sendai 980-0021 JAPAN
Tel:
022-221-2109
Fax: 022-217-3787
URL: http://www.irisohyama.co.jp
(Of the parent)
E-Mail address: info@irisohyama.co.jp
Import, export,
wholesale of home-use products
Nil
USA, China, Korea,
Europe, other (parent’s Branch Offices)
(subcontracted)
12-1, Itsutsubashi
2-chome, Aoba-ku, Sendai 980-0022, Japan
KENTARO OHYAMA,
PRES
Hideo Ohyama, dir
Akihiro Ohyama,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 63,201 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND STEADY WORTH Yen 23,134 M
STARTED 1986 EMPLOYES 20
TRADING FIRM SPECIALIZING IN HOME-USE PRODUCTS, OWNED BY IRIS OHYAMA
INC.
FINANCIAL SITUATION CONSIDERED FAIR TO GOOD AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a trading division
separated from Iris Ohyama Inc, mfr of home-use products, at the caption
address (See REGISTRATION). Kentaro Ohyama is concurrently pres of the
parent. This is a trading firm specializing
in import, export and wholesale of home-use products, such as furniture, pet
foods, tools, garden goods, DIY goods, bicycles, other (See OPERATION). Goods are supplied to the parent and its
group firms. Parent’s overseas branch
offices are fully utilized for import & export businesses.
The sales volume for Mar/2013 fiscal term amounted to Yen 63,201
million, a similar amount of Yen 63,471 million in the previous term. The recurring profit was posted at Yen 4,182
million and the net profit at Yen 2,586 million, respectively, compared with
Yen 3,980 million recurring profit and Yen 3,942 million net profits,
respectively, a year ago.
For the current term ending Mar 2014 the recurring profit is projected
at Yen 4,300 million and the net profit at Yen 2,700 million, respectively, on
a 4% rise in turnover, to Yen 66,000 million.
Financial situation is considered FAIR to GOOD and responsible for
ORDINARY business engagements.
Date Registered:
Apr 1986
Regd No.:
3700-01-007432 (Sendai-Aobaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Akihiro Ohyama
(66), Yuko Ohyama (24), Toshiko Ohyama (10)
No. of shareholders: 3
* Iris Ohyama Inc, mfr of home-use products,
at the caption address, founded 1971, capital Yen 100 million, sales Yen
110,032 million, recurring profit Yen 10,198 million, net profit Yen 9,146
million, total assets Yen 36,619 million, net worth Yen 65,365 million,
employees 1,480, pres Kentaro Ohyama, concurrently
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Imports, exports and wholesales home-use
products
(Handling items):
LED Lightings Div: “Ecolux” LED
lamps, LED lightings, accessories;
Storage/Furniture
Div: TV racks, AV boards, KD furniture, hybrid chests, HG chests, free racks,
CB boxes, wood racks, metal racks, kids concept, cotton boxes, closet carriers,
wide stockers, other;
Pets
Div: plastic dog houses, wooden dog houses, cat lands, system circles, pet
carriers, pet drive boxes, air cleaners, cat toilets, pet sheets, cat litter,
dry foods for dogs & cats, jerky;
Tools/Cars/Office,
Household Goods Div: hard cases, buckle containers, RV boxes, Stanley
hand tools, disposable body warmers, sheets for prevention of contamination of
futon (beds), indoor dryers, extendable shelves, extendable bars for preventing
furniture from falling, escape buckets set, high-pressure washers, work gloves,
shredders, laminators, emergency goods, preserved foods, fast foods, health
foods;
Garden/Exterior
Goods Div: long/square planters, wood drum type pots, lattices, garden mail boxes,
system decks, tile decks, snow shovels, granular potting soil, gravel for
security & wood proof, fully covered hose reels, battery operated aerosol,
power-operated aerosol, power-operated eco mates, illumination lights, wooden
sheds, step plates, other.
Clients: [Mfrs,
wholesalers] Iris Ohyama, Dalian Iris Ohyama, Iris USA, other.
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Iris Ohyama Inc, Itochu Corp, Idemitsu Kosan, Japan Poly-Pro, Iris
Ohyama Dalian, Itochu Corp, other.
Payment record: No complaints
Location: Business area in
Sendai, Miyagi-Pref. Office premises at
the caption address are owned by the parent and maintained satisfactorily.
Bank References: Iwate Corporate
Bank (Sendai)
Shoko Chukin
Bank (Sendai)
Relations:
Satisfactory.
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
66,000 |
63,201 |
63,471 |
47,366 |
|
Recur.
Profit |
|
4,300 |
4,182 |
3,980 |
2,412 |
|
Net
Profit |
|
2,700 |
2,586 |
3,942 |
2,762 |
|
Total
Assets |
|
|
35,960 |
33,212 |
30,580 |
|
Current
Assets |
|
|
23,134 |
20,753 |
18,128 |
|
Current
Liabs |
|
|
13,491 |
13,299 |
15,348 |
|
Net
Worth |
|
|
21,595 |
19,039 |
15,126 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
30.00 |
30.00 |
30.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.43 |
-0.43 |
34.00 |
4.53 |
|
|
Current Ratio |
.. |
171.48 |
156.05 |
118.11 |
|
|
N.Worth Ratio |
.. |
60.05 |
57.33 |
49.46 |
|
|
R.Profit/Sales |
6.52 |
6.62 |
6.27 |
5.09 |
|
|
N.Profit/Sales |
4.09 |
4.09 |
6.21 |
5.83 |
|
|
Return On Equity |
.. |
11.97 |
20.70 |
18.26 |
|
Note: Forecast (or
estimated) for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
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.