|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
OSAKA SHOJI KAISHA LTD |
|
|
|
|
Registered Office : |
Sakaisuji Bldg 2F, 2-2-3 Minami-Honmachi Chuoku Osaka
541-0054 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
July 1962 |
|
|
|
|
Com. Reg. No.: |
1200-01-092879 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Export, wholesale of refrigerators, air-conditioners,
machine tools. |
|
|
|
|
No. of Employees |
16 |
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 : |
Slow but correct |
|
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 |
OSAKA SHOJI KAISHA
LTD
REGD NAME: Osaka Shoji KK
MAIN OFFICE: Sakaisuji Bldg 2F, 2-2-3 Minami-Honmachi Chuoku Osaka 541-0054 JAPAN
Tel: 06-6265-6511 Fax: 06-6265-6520
URL: http://www.osk-21.co.jp
E-Mail address: osk@osk-21.co.jp
Export, wholesale of refrigerators, air-conditioners, machine tools, other
Okinawa
China
TATSUO TOI, PRES Akira Murata, ch
Toshimasa Tamai, dir Koji Yoshida, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,996 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 30 M
TREND UP WORTH Yen 49 M
STARTED 1962 EMPLOYES 16
TRADING FIRM SPECIALIZING IN AIR-CONDITIONERS, MACHINE TOOLS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established by Akira Murata in order to make most of his experience in the subject line of business. Tatsuo Toi took the pres office in May 2012. This is a trading firm specializing in export and wholesale of air-conditioners, refrigerators, machine tools, steel products, other (See OPERATION). Goods are exported to S/E Asia, Mid/East Asia, other. Clients include machinery makers, other
The sales volume for Mar/2014 fiscal term amounted to Yen 2,996 million, a 10% up from Yen 2,712 million in the previous term. Exports were robust. The weaker Yen contributed to raise the earnings in Yen terms. The recurring profit was posted at Yen 28 million and the net profit at Yen 14 million, respectively, compared with Yen 8 million recurring profit and Yen 3 million net profit, respectively, a year ago.
For the current term ending Mar 2015 the recurring profit is projected at Yen 30 million and the net profit at Yen 15 million, respectively, on a 5% rise in turnover, to Yen 5,150 million. Business is seen expanding steadily. Exports will continue increasing.
The financial situation is considered FAIR and good for ORDINARY business engagements
Date Registered: Jul 1962
Regd No.: 1200-01-092879 (Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major shareholders (%): Akira Murata (59.3), Toshihiko Yoshida (31.6), Tatsuo Toi (8.3)
No. of shareholders: 4
Nothing detrimental is known as to the commercial morality of executives.
Activities: Exports, imports and wholesales: air-conditioners, refrigerators, machinery tools, electrical implements, home electric appliances, building materials, steel & nonferrous steel products, other (--100%)
(Handling Items):
Air-Conditioners & Refrigerators: completed units and general components for assembling and maintenance, tools & equipment, for industrial storage & building, car & bus coolers,
Machinery & Tool: automotive parts, marine equipment, measuring instruments, gas equipment, welding machine pump, power tool, generator bearing,
Electrical Implements: electrical wiring/circuit device, motor, transformer, measuring equipment,
Home Electric Appliances: home appliances, audio/visual equipment, solar energy,
Building Materials: shutter materials, interior/exterior materials, watering supply,
Steel & Non-ferrous Steel: cold roll steel, steel pipe, galvanized steel sheet, stainless steel, aluminum/copper products, pre-painted steel sheet,
Recycle Goods: chip mounting machine, general machinery, OA equipment, motorcycles, other,
Exports (60%)
Clients: [Mfrs, wholesalers] Kanehide Kozai Co, Nihon Kensan Corp, Nabco Okinawa, Isshindo Co, other
Exports to: S/E Asia (25%), Pakistan (20%), Mid/Near East (15%), other
No. of accounts: 150
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Panasonic Corp, Nihon Funen Co, Togami Electric Mfg, NTN Corp, Comany Inc, other
Payment record: Slow but correct
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactory.
Bank References:
Mizuho Bank (Semba)
Kinki Osaka Bank (Minami)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
|
Annual
Sales |
|
3,150 |
2,996 |
2,712 |
|
Recur.
Profit |
|
30 |
28 |
8 |
|
Net
Profit |
|
15 |
14 |
3 |
|
Total
Assets |
|
|
454 |
454 |
|
Current
Assets |
|
|
37 |
444 |
|
Current
Liabs |
|
|
255 |
282 |
|
Net
Worth |
|
|
49 |
34 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.14 |
10.47 |
-2.69 |
|
|
Current Ratio |
.. |
14.51 |
157.45 |
|
|
N.Worth Ratio |
.. |
10.79 |
7.49 |
|
|
R.Profit/Sales |
0.95 |
0.93 |
0.29 |
|
|
N.Profit/Sales |
0.48 |
0.47 |
0.11 |
|
|
Return On Equity |
.. |
28.57 |
8.82 |
|
Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.