MIRA INFORM REPORT

 

 

Report Date :

11.09.2014

 

IDENTIFICATION DETAILS

 

Name :

NOMURA KOUMUTEN CORPORATION

 

 

Registered Office :

4-10-5 Hoshida Katano City Osaka-Pref 576-0016

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2013

 

 

Date of Incorporation :

October 1989

 

 

Com. Reg. No.:

1200-01-151920

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Subject is a real estate transactions, house building

 

 

No. of Employees

80

 

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

 

 

 

Company name and address

 

NOMURA KOUMUTEN CORPORATION

 

REGD NAME:    KK Nomura Koumuten

MAIN OFFICE:  4-10-5 Hoshida Katano City Osaka-Pref 576-0016 JAPAN　

                                    Tel: 072-893-5588     Fax: 072-893-9996

 

URL:     http://www.nomura-k.co.jp/

E-mail:             info@nomura-k.co.jp     

 

 

ACTIVITIES

 

Real estate transactions, house building

 

 

LICENSES

 

Minister of Land: (2) 5973

 

 

BRANCHES

 

Nishinomiya

 

 

FACTORIES

 

At the caption address

 

 

OFFICER(S)  

 

KENJI NOMURA, PRES             Kosaku Nomura, ch                  

Yukihiro Nozu, s/mgn dir                        Kazuhiko Tanaka, dir

            Yasuo Kawagishi, dir                  Masahiko Nomura, dir   

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                                         A/SALES          Yen 7,314 M

PAYMENTSSLOW BUT CORRECT                     CAPITAL           Yen 85 M

TREND UP                                            WORTH            Yen 1,161 M

STARTED         1989                                         EMPLOYES      80

 

 

COMMENT

 

REAL ESTATE TRANSACTIONS, HOUSE BUILDING. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

 

HIGHLIGHTS

           

The subject company was established by Kosaku Nomura, now ch, in order to make most of his experience in the subject line of business.  Kenji is his son, who took the pres office in Aug 1999.  This is a real estate firm offering real estate transactions, house rental, house selling/purchasing, house building, and other management.  Operations cover centrally in the greater-Osaka region.

 

 

FINANCIAL INFORMATION

 

The sales volume for Jul/2013 fiscal term amounted to Yen 7,314 million, an 11% up from Yen 6,596 million in the previous term.  Housing starts and related business transactions increased.  The recurring profit was posted at Yen 165 million and the net profit at Yen 65 million, respectively, compared with Yen 216 million recurring profit and Yen 75 million net profit, respectively, a year ago. 

 

For the term that ended Jul 2014 the recurring profit was projected at Yen 175 million and the net profit at Yen 75 million, respectively, on a 5% rise in turnover, to Yen 7,700 million.  Final results are yet to be released.

           

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Oct 1989

Regd No.:        1200-01-151920 (Osaka-Katano)

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　6,800 shares

Issued:             　1,700 shares

Sum:                　Yen 85 million

Major shareholders (%): Kosaku Nomura (49), Kenji Nomura (49), Yukihiro Nomura (0.1)

No. of shareholders: 8

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Real estate transactions: real estate sale/purchase, house sale/purchase, house building, building management, other (--100%)

 

Clients: Consumers, house builders, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Osaka

Suppliers [Mfrs, wholesalers] Tostem (house builder), Iida Sangyo, Osaka Fastener Sales, NU System, Shiga Wood Corp, Stylite Corp, Ozeki Koumuten, Tanaka Iron Kogyo, YKK AP, LIXIL Group, Yuasa Corp, other

 

Payment record: Slow but correct

 

Location: Business area in Osaka.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Daido Shinkin Bank (Moriguchi)

SMBC (Hirakata)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

      Terms Ending:

31/07/2014

31/07/2013

31/07/2012

31/07/2011

Annual Sales

　

7,700

7,314

6,596

8,126

Recur. Profit

　

175

165

216

407

Net Profit

　

75

65

75

125

Total Assets

　

　

9,327

8,646

8,613

Current Assets

　

　

5,969

5,359

5,262

Current Liabs

　

　

4,625

3,930

3,994

Net Worth

　

　

1,161

1,095

1,020

Capital, Paid-Up

　

　

85

85

85

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

5.28

10.89

-18.83

16.04

    Current Ratio

　

..

129.06

136.36

131.75

    N.Worth Ratio

　

..

12.45

12.66

11.84

    R.Profit/Sales

　

2.27

2.26

3.27

5.01

    N.Profit/Sales

　

0.97

0.89

1.14

1.54

    Return On Equity

　

..

5.60

6.85

12.25

 

Notes: Forecast (or estimated) figures for the 31/07/2014 fiscal term

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.82

UK Pound

1

Rs.98.14

Euro

1

Rs.78.65

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.