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Report Date : |
18.11.2014 |
IDENTIFICATION DETAILS
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Name : |
RYOBI MHI GRAPHIC TECHNOLOGY LTD |
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Registered Office : |
800-2 Ukaicho Fuchu City Hiroshima-Pref 726-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
July 2013 |
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Com. Reg. No.: |
2400-01-044536 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing of offset printing machinery |
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No. of Employees |
474 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 781.9 Million |
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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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
RYOBI MHI GRAPHIC TECHNOLOGY LTD
REGD NAME: Ryobi
MHI Graphic Technology KK
MAIN OFFICE: 800-2
Ukaicho Fuchu City Hiroshima-Pref 726-0002 JAPAN
Tel:
0847-40-1600 Fax: 0647-40-1601
URL: http://www.ryobi-group.co.jp
E-Mail address: (thru the URL)
Mfg of offset
printing machinery
Tokyo, Sapporo,
Sendai, Niigata, Nagoya, Osaka, Kagawa, Hiroshima,
Fukuoka
At the caption address, Fuchu
HIDEKI DOMOTO,
PRES Akira Urakami, ch
Yuzuru Ichimasa, v
pres Kiyotani Fudetani, s/mgn
dir
Eiji Katayama, mgn
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 7,421 M*
PAYMENTSSLOW BUT
CORRECTCAPITAL Yen 100 M
TREND UP WORTH Yen 8,196 M
STARTED 2013 EMPLOYES 474
*.. For 3 months
for Jan/Mar 2014
MFR OF OFFSET PRINTING MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 781.9 MILLION, ON 30
DAYS NORMAL TERMS.
The subject company was established jointly by Ryobi Ltd (See REGISTRATION) and Mitsubishi Heavy Industries
Printing & Packaging Machinery Ltd (Sumitomo Heavy Ind Group firm) for the
integration of sheet-fed offset printing machinery business. Established in July 2013 and commenced its
operations in Jan 2014. This will engage
in Ryobi’s Printing Equipment Business, as one of Ryobi’s consolidated group
companies.
The sales volume for the initial Mar/2014 fiscal term for irregular 3
months amounted to Yen 7,421 million, with net profit posting at Yen 196
million.
For the current term ending Mar 2015 the net profit is projected at Yen
850 million, on a 5% rise (as converted into 12-month basis) in turnover, to
Yen 31,200 million. The sales will
contribute to profits for the parent company, Ryobi Ltd for the full term, says
the Ryobi Ltd.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit is estimated at Yen 781.9 million, on 30
days normal terms.
Date Registered: Jul 2013
Regd No.:
2400-01-044536 (Hiroshima-Fuchu)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 shares
Issued: 2,000 shares
Sum: Yen 100 million
Major
shareholders (%): Ryobi Ltd* (60), Mitsubishi Heavy Industries Printing & Packaging
Machinery Ltd (40)
No.
of shareholders: 2
*.. Ryobi Ltd, Hiroshima, founded 1943,
listed Tokyo S/E, capital Yen 18,472 million, sales Yen 199,697 million,
operating profit Yen 7,665 million, recurring profit Yen 7,264 million, net
profit Yen 4,132 million, total assets Yen 244,976 million, net worth Yen
91,566 million, employees 8,562, pres Akira Urakami, concurrently ch at the
subject firm
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
sheet-fed offset printing machines, their parts & components, other
(--100%)
Clients: [Mfrs,
wholesalers] Western Japan Trading Co, Fuji Film Techno Products, Cyber Agent
Inc, Diamic Co, Imcth Corp, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Eikosha Co, Media Comfort, Diamic Co, Toshihara Corp, Sankou
Dengyo Co, other
Payment record: Slow but correct
Location: Business area in
Hiroshima. Office premises at the
caption address are owned and maintained satisfactory.
Bank References:
MUFG (Marunouchi)
Chugoku Bank
(Fuchu)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
|
|
Annual
Sales |
|
31,200 |
7,421 |
|
Recur.
Profit |
|
|
|
|
Net
Profit |
|
850 |
196 |
|
Total
Assets |
|
|
19,078 |
|
Current
Assets |
|
|
18,226 |
|
Current
Liabs |
|
|
10,575 |
|
Net
Worth |
|
|
8,196 |
|
Capital,
Paid-Up |
|
|
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
|
S.Growth Rate |
|
5.11 |
- - - |
|
Current Ratio |
|
.. |
172.35 |
|
N.Worth Ratio |
|
.. |
42.96 |
|
R.Profit/Sales |
|
.. |
.. |
|
N.Profit/Sales |
|
2.72 |
2.64 |
|
Return On Equity |
|
.. |
2.39 |
Notes: The 31/03/2014
fiscal term is the initial accounting term for 3 months only.
Forecast (or estimated) figures for the
31/03/2015 fiscal term. The growth rate
is adjusted on a 12-month basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.68 |
|
|
1 |
Rs.96.94 |
|
Euro |
1 |
Rs.77.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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.