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Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
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Name : |
RYOBI MHI GRAPHIC TECHNOLOGY LTD |
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Registered Office : |
800-2 |
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Country : |
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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
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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 |
COMPANY NAME AND ADDRESS
RYOBI MHI GRAPHIC TECHNOLOGY LTD
REGD NAME: Ryobi
MHI Graphic Technology KK
MAIN OFFICE: 800-2
Ukaicho
Tel:
0847-40-1600 Fax: 0647-40-1601
URL: http://www.ryobi-group.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of offset
printing machinery
BRANCHES
Tokyo, Sapporo,
Sendai, Niigata, Nagoya, Osaka, Kagawa, Hiroshima,
Fukuoka
FACTORIES
At
the caption address,
OFFICERS
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
SUMMARY
FINANCES FAIR A/SALES Yen 7,421 M*
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 100 M
TREND UP WORTH Yen 8,196 M
STARTED 2013 EMPLOYES 474
*.. For 3 months
for Jan/Mar 2014
COMMENT
MFR OF OFFSET PRINTING MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
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.
FINANCIAL INFORMATION
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.
REGISTRATION
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.
OPERATION
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
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2015 |
31/03/2014 |
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Annual
Sales |
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31,200 |
7,421 |
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Recur.
Profit |
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Net
Profit |
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850 |
196 |
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Total
Assets |
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19,078 |
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Current
Assets |
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18,226 |
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Current
Liabs |
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10,575 |
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Net
Worth |
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8,196 |
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Capital,
Paid-Up |
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100 |
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Div.P.Share(¥) |
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0.00 |
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<Analytical Data> |
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(%) |
(%) |
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S.Growth Rate |
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5.11 |
- - - |
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Current Ratio |
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172.35 |
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N.Worth Ratio |
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42.96 |
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R.Profit/Sales |
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.. |
.. |
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N.Profit/Sales |
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2.72 |
2.64 |
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Return On Equity |
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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.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.