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Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
NIPRON CO LTD |
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Registered Office : |
2-57 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
July, 1981 |
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Com. Reg. No.: |
1400-01-054633 (Hyogo-Amagasaki) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Mfg of power sources (switching regulator, converter) |
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No. of Employees : |
225 |
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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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 |
NIPRON CO LTD
REGD NAME: KK Nipron
MAIN OFFICE: 2-57 Oohamacho Amagasaki City Hyogo-Pref
660-0095 JAPAN
Tel:
06-6430-1101 Fax: 06-6430-2018
URL: http://www.nipron.co.jp
E-Mail address: (thru the URL)
Mfg of power sources (switching regulator, converter)
Mie, Hyogo
At the caption address, Mie
SETSUO SAKAI, PRES
Seiichi Suzuki, dir
Toshiko Sakai, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen
3,710 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 436 M
TREND STEADY WORTH Yen 790 M
STARTED 1981 EMPLOYES 225
MFR OF POWER SOURCES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Setsuo Sakai in order to make
most of his experience in the subject line of business. This is a specialized mfr of power sources:
switching regulators, converters, nonstop power supply (ATX power), other. Clients include electronics makers, other
Financials are disclosed only partially.
The sales volume for Jun/2013 fiscal term
amounted to Yen 3,710 million, an almost similar amount of Yen 3,700 million in
the previous term. The net profit was
posted at Yen 81 million, compared with Yen 45 million a year ago.
For the term that ended Jun 2014 the net
profit was projected at Yen 85 million, on a 5% rise in turnover, to Yen 3,900
million. Final results are yet to be
released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date
Registered: Jul 1981
Regd
No.: 1400-01-054633
(Hyogo-Amagasaki)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 3.5 million shares
Issued:
873,500 shares
Sum:
Yen
436.75 million
Major shareholders
(%): Japan Protector Sales
Co* (34), Setsuo Sakai (17), Takebishi Corp (3), Cim Giken Co (2), Osaka Trade
& Industry Foundation (2), other
*.. Group firm
No.
of shareholders: 14
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
power sources: switching regulator (switch-mode power supply), nonstop power
for FA’s (ATX power), converters, high-frequency units, other (--100%)
Clients: [Mfrs,
wholesalers] Toshiba Corp, Toshiba Personal Computer System Corp, Takebishi
Corp, Unidux Inc, RS Components, Suzuden Corp, Internix Corp, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Takebishi Corp, Hoei Denki Co, Nagano Aichi Electric Co, other
Payment
record: No Complaints
Location: Business area in
Amagasaki City, Hyogo-Pref. Office
premises at the caption address are owned and maintained satisfactory.
Bank
References:
Minato Bank (Osaka)
Banshu Shinkin Bank (Amagasaki)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/06/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
Annual Sales |
|
3,900 |
3,710 |
3,700 |
4,300 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
85 |
81 |
45 |
20 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
790 |
733 |
701 |
|
Capital, Paid-Up |
|
|
436 |
436 |
436 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.12 |
0.27 |
-13.95 |
48.28 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
2.18 |
2.18 |
1.22 |
0.47 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.