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Report No. : |
318610 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL METAL CORPORATION |
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Registered Office : |
1-7-4 Iwasaki-Nishi Ichihara City Chiba-Pref 290-0046 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2014 |
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Date of Incorporation : |
February 1993 |
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Com. Reg. No.: |
(Chiba-Ichihara) 054950 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of iron/steel coils
& sheets |
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No. of Employees : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
UNIVERSAL METAL CORPORATION
REGD NAME: KK
Universal Metal Corporation
MAIN OFFICE: 1-7-4
Iwasaki-Nishi Ichihara City Chiba-Pref 290-0046 JAPAN
Tel:
0436-20-6661 Fax: 0436-20-6663
URL: http://www.universalmetal.jp/
E-Mail address: umc@universalmetal.jp
Export
of iron/steel coils & sheets
Nil
At the
caption address (Bonded warehouse)
Two storied
building of total 4,020m2 land space, equipped with:
Crane:
10ton x 2; 2 ton x 2; 4.8 ton x 1;
Forklift:
12 ton x & 4.5 ton x 1;
Shearing
Line: One line
HASIB
REHMAN, CH & PRES
Aisha Rehman, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 1,080 M
PAYMENTSSlow
but correct CAPITAL Yen 100 M
TREND SLOW WORTH Yen 233 M
STARTED 1993 EMPLOYES 8
EXPORTER
OF IRON/STEEL COILS & SHEETS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS
ENGAGEMENTS.
The subject company was established by Hasib UR Rehman, a
Pakistani resident, in order to make most of his experience in the subject line
of business. Aisha is his son. This is a trading company specializing in
exporting iron/steel coils & sheets to Asian countries. Originally started in Yokohama and moved to
the caption address in 1997, where the firm built the new warehouse in Aug 2004
and set up the shearing line from coils into sheet. The same year, obtained a
custom bond warehouse license to be independent in-house customs clearance
facilities. Coils and sheets are
exported to Pakistan, Bangladesh, Philippines, Thailand, Vietnam, China, India,
Indonesia, other.
Financial are only partially disclosed.
The sales volume for Jan/2014 fiscal term amounted to Yen
1,080 million, a 10% down from Yen 1,200 million in the previous term. Exports decreased. The operations came back to profitability to
post Yen 13 million net profit, compared with Yen 46 million net losses a year
ago. The weaker yen contributed to make
the business profitable.
For the current term ending Jan 2015 the net profit is
projected at Yen 15 million, on a 6% rise in turnover, to Yen 1,150 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb 1993
Regd No.: (Chiba-Ichihara)
054950
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8,000 shares
Issued:
2,000 shares
Sum: Yen 100 million
Major shareholders (%): Hasib UR Rehman (95), I Rehman
(5)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports iron & steel coils &
sheets of: hot roll, cold roll, galvanized, galvanealed, galvalume, tin plate,
tin-free steel, color coils & sheets; shearing processing of color & GI
sheets, others (--100%).
Clients: [Mfrs, wholesalers] Exports to Pakistan,
Bangladesh, Philippines, Thailand, Vietnam, China, India, Indonesia, Taiwan,
other.
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Supplied from
domestic iron/steel mfrs, steel traders, other.
Payment record: slow
but correct
Location:
Business area in Ichihara City, Chiba-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
National
Bank of Pakistan (Tokyo)
Chiba
Bank (Yawata)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
|
31/01/2015 |
31/01/2014 |
31/01/2013 |
31/01/2012 |
|
Annual
Sales |
|
1,150 |
1,080 |
1,200 |
1,446 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
15 |
13 |
-46 |
-22 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
233 |
220 |
266 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
6.48 |
-10.00 |
-17.01 |
18.04 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
1.30 |
1.20 |
-3.83 |
-1.52 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
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.