|
Report No. : |
313569 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DAIEI ENGINEERING CO LTD |
|
|
|
|
Registered Office : |
1-5-6 Meishin cho Amagasaki city Hyogo 661-0021 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2014 |
|
|
|
|
Date of Incorporation : |
February 1970 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturing / Development / Export of food-processing machines |
|
|
|
|
No. of Employees : |
47 |
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 |
|
Maximum Credit Limit : |
Yen 5.8 Million |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
DAIEI ENGINEERING
CO LTD
DAIEI GIKEN KK
1-5-6 Meishin cho Amagasaki city Hyogo 661-0021 JAPAN
Tel: 06-6426-0101 Fax:
06-6426-2525
URL: http://www.daiei-giken.co.jp
E-Mail address: contact@daiei-giken.co.jp
ACTIVITIES: Mfg/Development/Export of food-processing
machines
BRANCHES: Tokyo
OVERSEAS: None
FACTORIES: At the captioned address
OFFICERS: HIDEFUMI WATANABE, PRES
Hideaki
Sanaka, mgn/dir Masao
Suzuki, dir
Sadako Kodera, dir Kazuko
Watanabe, dir
Hirofumi Watanabe, dir Atsuko Watanabe, dir
Reiko Watanabe, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 935 M (2013 results)
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 30 M
TREND STABLE WORTH Unavailable
STARTED 1970 EMPLOYES 47
COMMENT: MANUFACTURER/DEVELOPER/EXPORTER OF
FOOD-PROCESSING MACHINES. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 5.8 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established in 1970 and developed spring roll
machine on which the wrapping procedures was automated for the first time in
the world. And it has been keeping a
leading manufacturer of spring roll machine and spring pastry machine. Besides of spring roll machine, it also
offers variety of automatic food processing machines such as Gyoza machine, Shaomai
machine, Paozu machine, Crepe machine and Dim sum master, etc. It has been being exported to approximately
28 countries.
Financials are disclosed only partially. Any financials below for 2014
are estimates.
The sales volume for July 2014 fiscal term amounted to Yen 963 million,
a 3% down from Yen 935 million in the previous term. The net profit amounted at Yen 35 million
which has been stable from Yen 34 million in 2013.
For the current term ending July 2015, the net profit at Yen 36 million
is estimated based on turnover, Yen 992 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 5.8 million, on 30 days normal terms.
Date Registered: Feb
1970
Regd No.: Unavailable
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: Unavailable
Issued:
Unavailable
Sum: Yen
30 million
Major shareholders
(%): Hidefumi Watanabe,
Hiroshi Watanabe, Kazuko Watanebe
No. of shareholders: 13
Nothing detrimental is known as to the commercial morality of
executives.
Activities:
Mfg/Development/Export of food-processing machines
Clients: [Mfrs, wholesalers]
Nichimo Corp, Daiei Sangyo Corp, Nipponham Corp, Toyo Suisan Corp, Ajinomoto
Corp, Ohsho Food Service Corp, Yamazaki Baking Corp, Nissin Food Products Corp,
Hoko Corp, other
Export: U.S.A., Korea, Philippines, Thailand China, Russia, Singapore,
Indi, Saudi Arabia, Israel, Switzerland, Germany, Netherlands, Spain, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Takatsu Corp, Otsu-Shokai Inc., Ito Stainless Corp, Yamazaki
Factory Corp, Taiki Kogyo Corp, other
Payment record: Slow but correct
Location: Business area in
Hyogo. Office premises at the caption
address are maintained satisfactory.
Bank References:
Mizuho Bank (Amagasaki)
MUFG (Amagasaki)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2015 |
31/07/2014 |
31/07/2013 |
31/07/2012 |
|
Annual Sales |
|
992 |
963 |
935 |
921 |
|
Recur. Profit |
|
|
.. |
.. |
.. |
|
Net Profit |
|
36 |
35 |
34 |
26 |
|
Total Assets |
|
n/a |
n/a |
n/a |
n/a |
|
Net Worth |
|
n/a |
n/a |
n/a |
n/a |
|
Capital, Paid-Up |
|
n/a |
n/a |
n/a |
n/a |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.00 |
3.00 |
1.52 |
#DIV/0! |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
3.64 |
3.64 |
3.64 |
2.82 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/07/2015 and 2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.45 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.