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Report No. : |
320648 |
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Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
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Name : |
UNITECH CORPORATION |
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Registered Office : |
1-169 Wagahara Tokorozawa City Saitama-Pref 359-1162 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2014 |
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Date of Incorporation : |
Jan., 1990 |
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Com. Reg. No.: |
0300-01-025266 (Saitama-Tokorozawa) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Metal Surface Cleaning Machines, Other. |
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No. of Employees : |
13 |
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 |
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Maximum Credit Limits : |
Yen 28.8 Million |
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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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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. Since the
complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami
disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused
the economy to contract during the 2nd and 3rd quarters of 2014. The economy
has largely recovered in the three years since the disaster, but reconstruction
in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a
longstanding debate on restructuring the economy and reining in Japan's huge
government debt, which amounts to more than 240% 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 2015, although the government
in 2014 decided to postpone the final phase of the increase until 2017 to give
the economy time to recover from the 2014 increase. 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 |
UNITECH CORPORATION
REGD NAME: Unitech KK
MAIN OFFICE: 1-169 Wagahara
Tokorozawa City Saitama-Pref 359-1162 JAPAN
Tel: 04-2949-9151 Fax: 04-2949-9191
URL: http://www.unitechkk.co.jp
E-Mail address: sales@unitechkk.co.jp
Mfg of metal
surface cleaning machines, other
Osaka
China
China, (subcontracted)
China, (subcontracted)
YUZURU KOHGA, PRES Ayako Kohga, dir
Yatsuji Yokota,
dir Naomitsu Sakai,
dir
Hiroshi Kohga, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,580 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 10 M
TREND UP WORTH Yen
81 M
STARTED 1990 EMPLOYES 13
MFR OF METAL SURFACE CLEANING MACHINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED
AT YEN 28.8 MILLION, ON 30 DAYS NORMAL TERMS
The subject
company is a specialized mfr of metal surface cleaning machines, hand cleaning
rollers, other. Goods are manufactured at
its subsidiary maker in China, and others are subcontracted. Clients include
electronic mfrs, wholesalers, other
Financials are
disclosed only partially.
The sales volume
for Oct/2014 fiscal term amounted to Yen 1,580 million, a 24% up from Yen 1,270 million in the previous term. Production in China increased. The net profit
was posted at Yen 18 million, similarly in the previous term.
For the current
term ending Oct 2015 the net profit is projected at Yen 20 million, on a 4% rise
in turnover, to Yen 1,650 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements. Max Credit Limit is estimated at
Yen 28.8 million, on 30 days normal terms
Date Registered: Jan 1990
Regd No.:
0300-01-025266 (Saitama-Tokorozawa)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Yuzuru Kohga (55),
Hiroshi Kohga (30), Naomitsu
Sakai (12), Ayako Kohga (3)
No.
of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
(consigned in China, other) metal surface cleaning machines, hand cleaning
rollers, other (--100%)
Clients: [Mfrs,
wholesalers] Aoi Total Engineering Consultants Co, Toa Electric Ind, Toshiba
Lighting & Technology Corp, Yip Chun HK, Yeitek China, Yazaki Corp, Sony
EMCS, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Citizen Watch, Alpha Design, Aoi Total Engineering Consultants Co,
Yamaha Motor, Yeitek China, other
Payment record: Slow but correct
Location: Business area in
Tokorozawa City, Saitama-Pref. Office premises
at the caption address are owned and maintained satisfactory.
Bank References:
SMBC (Tokorozawa)
Saitama Resona
Bank (Tokorozawa)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/10/2015 |
31/10/2014 |
31/10/2013 |
31/10/2012 |
|
Annual
Sales |
|
1,650 |
1,580 |
1,270 |
800 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
20 |
18 |
18 |
3 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
81 |
68 |
56 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
4.43 |
24.41 |
58.75 |
15.94 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
1.21 |
1.14 |
1.42 |
0.38 |
Notes: Financials are only partially disclosed.
Forecast (or
estimated) figures for the 31/10/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.