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Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
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Name : |
RYOZAI KAIHATSU CO LTD |
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Registered Office : |
Ryozai Bldg, 3-21-18 Katase Kaigan
Fujisawa City Kanagawa-Pref 251-0035 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
December 1997 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing of PET bottle injection machinery |
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No. of Employees : |
09 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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. 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 |
RYOZAI KAIHATSU CO LTD
REGD NAME: Ryozai
Kaihatsu KK
MAIN OFFICE: Ryozai
Bldg, 3-21-18 Katase Kaigan Fujisawa City Kanagawa-Pref 251-0035
JAPAN
Tel:
0466-27-3667 Fax: 0466-27-3815
E-Mail address: (thru the URL)
ACTIVITIES:
Mfg of PET bottle
injection machinery
Nil
At the caption
address (processing)
HIROAKI KURATA,
PRES
Yukiko Kurata, dir
Chikako Maeda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 923 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 13 M
TREND UP WORTH Yen 49 M
STARTED 1997 EMPLOYES 9
MFR OF PET BOTTLE INJECTION MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established by Hiroaki Kurata in order to make
most of his experience in the subject line of business. This is a specialized mfr of PET bottle injection
machinery & attachment. .
Financials are disclosed only partially.
The sales volume for Mar/2014 fiscal term amounted to Yen 923 million, a
14% up from Yen 811 million in the previous term. Client networks expanded. The net profit marked time at Yen 2 million.
For the current term ending Mar 2015 the net profit is projected at Yen
3 million, on a 5% rise in turnover, to Yen 970 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Dec
1997
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,040 shares
Issued: 260 shares
Sum: Yen 13 million
Major
shareholders (%): Hiroaki Kurata & families (--100)
No.
of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures PET
bottle injection machinery, parts & attachments, other (--100%)
Clients: [Mfrs, wholesalers]
OSG Corporation, Enodenn Trading, Kobayashi Glass, other
No. of accounts:
250
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Konan Seatech, Nippon Film, Meiki Seisakusho, other.
Payment record: Slow but correct
Location: Business area in
Fujisawa. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
Kanagawa Shinkin Bank
(Katase)
MUFG (Fujisawa)
Relations: Satisfactory
(In Million
Yen)
|
Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
Annual
Sales |
|
970 |
923 |
811 |
500 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
3 |
2 |
2 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
49 |
47 |
45 |
|
Capital,
Paid-Up |
|
|
13 |
13 |
13 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.09 |
13.81 |
62.20 |
-3.85 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
0.31 |
0.22 |
0.25 |
0.20 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.