|
Report Date : |
10.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
OHMI INDUSTRIES LTD |
|
|
|
|
Registered Office : |
3-11-10 Minamisemba Chuoku Osaka 542-0081 |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
30.09.2014 |
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|
|
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Date of Incorporation : |
October 1977 |
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|
|
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Com. Reg. No.: |
1200-01-076600 |
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Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Export of Steel, Steel
Products. |
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|
|
|
No. of Employees |
24 |
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 |
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|
|
|
Payment Behaviour : |
No complaints |
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|
|
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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 |
OHMI INDUSTRIES LTD
REGD NAME: Ohmi
Industries KK
MAIN OFFICE: 3-11-10
Minamisemba Chuoku Osaka 542-0081 JAPAN
Tel: 06-6252-2470 Fax: 06-6252-9884
URL: http://www.ohmiinds.co.jp/
E-Mail address: ohmi@ohmiinds.co.jp
Export
of steel, steel products
Tokyo
Ohmi
Tetsu (India) Pvt Ltd (Delhi), Ohmi Steel India Pvt Ltd (Pune)
(--subsidiaries),
SMPC Industries (India) Pvt Ltd
(26% shareholding)
KATSUHIKO
KOYAGI, PRES Shinji Koyagi, s/mgn dir
Akira
Bando, dir Yoshihiro
Kato, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 20,315 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 200 M
TREND UP WORTH Yen 1,349 M
STARTED 1977 EMPLOYES 24
TRADING
FIRM SPECIALIZING IN STEEL & STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The
subject company was established on the basis of Export Division separated from
Ohmi Sangyo Co Ltd, steel service center operator, at the caption address. The subject firm specializes in exporting
steel products: HR/CR for re-rolling/galvanizing, coated sheets, automotive
steel, other. 65% of the products are
exported into India, other to Africa, Latin America, Middle East, etc. In 2005 opened office in New Delhi and in
2007 in Pune. In 2007, acquired 26%
capital share of SMPC Industries (India) Pvt Ltd. 80% of exporting products are supplied from
JFE Steel Corp.
The
sales volume for Sept/2013 fiscal term amounted to Yen 20,315 million, a 13% up
from Yen 17,753 million in the previous term.
The recurring profit was posted at Yen 302 million and the net profit at
Yen 188 million, respectively, compared with Yen 259 million recurring profit
and Yen 60 million net profit, respectively, a year ago.
For the current term ending Sept 2014 the recurring profit
is projected at Yen 315 million and the net profit at Yen 200 million,
respectively, on a 6% rise in turnover, to Yen 21,500 million. Weaker Yen raises revenues in Yen terms. Exports are robust. Some products prices went up.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Oct
1977
Regd No.: 1200-01-076600
(Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.6 million shares
Issued:
400,000 shares
Sum: Yen 200 million
Major shareholders (%): Taiyo Fudosan (77), Shinji
Koyagi (8), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
Exports steel, steel products: HR/CR for re-rolling/galvanizing (81.6%),
building materials (5.4%), automotive steel (7.7%), tin plates (2.2%),
stainless steel (2.9%), others (--0.2%).
(Breakdowns are all about)
Also handles: steel sheet galvanizing equipment, color
coating line, corrugating, roll forming machines, leveling & shearing line,
slitting line, metal sheets process line, wire & nail making machines,
others.
Exports to:
India, Bangladesh, Pakistan, Africa, Oceania, Latin America, Middle East,
other.
Clients:
[Mfrs, wholesalers] Exports to India, Bangladesh, Pakistan,
Nigeria, Ghana, Australia, other.
No. of accounts: Unavailable
Domestic areas of activities:
Nationwide
Suppliers:
[Steel mfrs, wholesalers] JFE Steel Corp (80%), Metal One Corp, Marubeni-Itochu
Steel Inc, JFE Galvanizing & Coating Co, Nippon Steel Sumitomo Metal Ind,
JFE Shoji Trade Corp, Nippon Steel & Sumikin Bussan, Shin Kansai Steel Co,
other.
Payment record: No
Complaints
Location:
Business area in Osaka. Office premises at
the caption address are leased and maintained satisfactorily.
Bank
References:
MUFG
(Semba)
Mizuho
Bank (Minamisemba)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2014 |
30/09/2013 |
30/09/2012 |
30/09/2011 |
|
|
Annual
Sales |
|
21,500 |
20,315 |
17,953 |
20,646 |
|
Recur.
Profit |
|
315 |
302 |
259 |
353 |
|
Net
Profit |
|
200 |
188 |
60 |
198 |
|
Total
Assets |
|
|
2,931 |
2,733 |
3,640 |
|
Current
Assets |
|
|
2,259 |
1,968 |
2,840 |
|
Current
Liabs |
|
|
1,211 |
1,162 |
2,189 |
|
Net
Worth |
|
|
1,349 |
1,205 |
1,191 |
|
Capital,
Paid-Up |
|
|
200 |
200 |
200 |
|
Div.Ttl
in Million (¥) |
|
|
46.2 |
46.2 |
46.2 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.83 |
13.16 |
-13.04 |
15.92 |
|
|
Current Ratio |
.. |
186.54 |
169.36 |
129.74 |
|
|
N.Worth Ratio |
.. |
46.03 |
44.09 |
32.72 |
|
|
R.Profit/Sales |
1.47 |
1.49 |
1.44 |
1.71 |
|
|
N.Profit/Sales |
0.93 |
0.93 |
0.33 |
0.96 |
|
|
Return On Equity |
.. |
13.94 |
4.98 |
16.62 |
|
Notes:
Forecast (or estimated) figures for the 30/09/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.