|
Report No. : |
316009 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TMY CORPORATION |
|
|
|
|
Registered Office : |
3-20-15 Shirogane Showaku Nagoya 466-8711 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
October 1947 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Importer, exporter and wholesaler of automotive parts & components, special steel products |
|
|
|
|
No. of Employees : |
292 |
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. Newly-elected Prime Minister Shinzo ABE has declared the
economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
TMY CORPORATION
Tatsumiya Kogyo KK
3-20-15 Shirogane
Showaku Nagoya 466-8711 JAPAN
Tel: 052-882-8501 Fax: 052-882-8852
*.. The is its Overseas Division at: 2-4-51 Nakajima Nishiyodogawaku Osaka, as given
URL: http://www.tmy-net.co.jp
E-Mail address: tokatsu@tmy-net.co.jp
Import,
export of automotive parts & components
Domestic
32
MIYOSHI
HAJI, PRES Otohiko Aoki, ch
Kazunari Oshima, mgn dir Jiro
Ishikawa, dir
Koji Ojima dir Yasushi Kishimoto, dir
Yen
Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 46,307 M
PAYMENTSREGULAR CAPITAL Yen
150 M
TREND SLOW WORTH Yen 16,392 M
STARTED 1947 EMPLOYES 292
TRADING HOUSE SPECIALIZING IN AUTOMOTIVE PARTS &
COM-PONETS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company is a specialized trader of automotive parts & components such as suspension, clutches, brakes, other. Also handles special steel products. 32 branches domestic nationwide. Business keeps growing on the back of robust automobile industry.
The sales volume for Dec/2012 fiscal term amounted to Yen 46,307 million, a 6% down from Yen 49,332 million in the previous term. Exports were hurt by the high Yen, reducing earnings in Yen terms. The recurring profit was posted at Yen 1,846 million and the net profit at Yen 883 million, respectively, compared with Yen 2,017 million recurring profit and Yen 1,038 million net profit, respectively, a year ago.
For the current term ending Dec 2013 the recurring profit is projected at Yen 1,900 million and the net profit at Yen 900 million, respectively, on a 5% rise in turnover, to Yen 48,500 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Oct 1947
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1.2 million shares
Issued:
300,000 shares
Sum: Yen 150 million
Major shareholders (%):
Otohiko Aoki (24.1), Yoshio Joh (10.7), Aichi Steel Corp (10), Ikuyo Joh (9)
No. of shareholders: 75
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales automotive parts & components (--41%), special steel products (37%), overseas trading, others (22%)
Clients: [Car dealers, wholesalers] Autobacks Seven, Aichi Steel Corp, ADL, TISS, Eltawfikia, Kyoto Machine Tools, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Aichi Steel Corp, Nippon Micro Filter, Bando Chemical Ind, Sumitomo Corp, Aisin Seiki, GS Yuasa Battery, other.
Payment record:
Regular
Location:
Business area in Nagoya. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Nagoya-Chuo)
Resona
Bank (Nagoya)
Relations:
Satisfactory.
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
48,500 |
46,307 |
49,332 |
46,846 |
|
Recur.
Profit |
|
1,900 |
1,846 |
2,017 |
1,895 |
|
Net
Profit |
|
900 |
883 |
1,038 |
678 |
|
Total
Assets |
|
|
30,771 |
32,111 |
30,592 |
|
Current
Assets |
|
|
24,517 |
25,910 |
24,767 |
|
Current
Liabs |
|
|
12,448 |
14,529 |
14,242 |
|
Net
Worth |
|
|
16,392 |
15,536 |
14,524 |
|
Capital,
Paid-Up |
|
|
150 |
150 |
150 |
|
Div.Ttl
in Million (¥) |
|
|
26.5 |
26.5 |
26.8 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.74 |
-6.13 |
5.31 |
19.18 |
|
|
Current Ratio |
.. |
196.96 |
178.33 |
173.90 |
|
|
N.Worth Ratio |
.. |
53.27 |
48.38 |
47.48 |
|
|
R.Profit/Sales |
3.92 |
3.99 |
4.09 |
4.05 |
|
|
N.Profit/Sales |
1.86 |
1.91 |
2.10 |
1.45 |
|
|
Return On Equity |
.. |
5.39 |
6.68 |
4.67 |
|
Notes: Forecast
(or estimated) for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.26 |
|
UK Pound |
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
ASH |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.