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Report No. : |
354221 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
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Name : |
AOKI TECHNICAL LABORATORY INC |
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Registered Office : |
4963-3 Minamijo Sakaimachi Hanishina Gun Nagano-Pref 389-0603 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2015 |
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Date of Incorporation : |
March, 1976 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Plastic Molding Machines, Plastic Containers, Other
Products. |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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 an
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. Scarce in many
natural resources, Japan has long been dependent on imported raw materials.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become even more
dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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.
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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out
nuclear power with a new policy of seeking to restart nuclear power plants that
meet strict new safety standards, and emphasizing nuclear energy’s importance
as a base-load electricity source. Japan joined the Trans-Pacific Partnership
(TPP) 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 first-place China, which surpassed Japan in 2001, and third-place
India, which edged out Japan in 2012. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose major long-term challenges for the economy.
|
Source
: CIA |
AOKI
TECHNICAL LABORATORY INC
REGD
NAME: KK Aoki Katashi Kenkyujo
MAIN
OFFICE: 4963-3 Minamijo Sakaimachi
Hanishina Gun Nagano-Pref 389-0603 JAPAN
Tel: 0268-82-3015 Fax: 0268-82-3699
URL: http//:www.aokitech.co.jp
E-mail
address: koho@aokitech.co.jp
Mfg of plastic molding machines, plastic
containers, other products
Nil
USA, Brazil, Mexico, Germany, Singapore,
China (--subsidiaries);
Spain, UK, Shanghai, Thailand, India, Australia (--rep offices)
At the caption address
SHUIGETO AOKI, PRES Shuichi Koshi, rep dir
Shigeto Aoki, ch Hiroshi Miyahara, dir
Yoshiaki Yamaguchi, dir Mariko Nishizawa, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 8,770 M
PAYMENTS REGULAR CAPITAL Yen
22 M
TREND UP WORTH Yen 1,158 M
STARTED 1971 EMPLOYES 200
MFR OF PLASTIC MOLDING MACHINES, PLASTIC
CONTAINERS, OTHER
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
The subject company was established by father
of Shigeto Aoki in order to make most of his experience in the subject line of
business. Specializes in mfg plastic molding machines, their parts & components,
plastic containers, other. About 90% of the products are exported thru agent
dealers to about 76 countries worldwide.
The sales volume for Feb/2015 fiscal term
amounted to Yen 8,770 million, a 17% up from Yen 7,499 million in the previous
term. Exports continued robust to Asian
countries. The weaker Yen also
contributed to raise export earnings in Yen terms. The recurring profit was posted at Yen 152
million and the net profit at Yen 6 million, respectively, compared with Yen
565 million recurring profit and Yen 191 million net profit, respectively, a
year ago.
For the current term ending Feb 2016 the
recurring profit is projected at Yen 170 million and the net profit at 100
million, respectively, on a 5% rise in turnover, to Yen 9,200 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date
Registered: Mar 1976
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 176,000
shares
Issued: 44,000
shares
Sum:
Yen 22 million
Major shareholders (%): Shigeto
Aoki (45%), Michie Yoda (9), Aoki Agency (6)
No.
of shareholders: 52
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Manufactures and exports plastic molding machines, their parts &
components, plastic containers (lightweight & thin-wall type), other
related goods (--100%).
Clients: [Mfrs, wholesalers] Daelim, Shinmyung Platech Inc, Pioneer, Seiyu,
other.
No. of accounts: 300
Exports to over 76 countries overseas
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Kyowa Seisakujo (25%), Yanagihara Seisakujo
(20%), Nissei Plastic Ind (15%), Tokyo Keiki, Shinwa Corp, Kawasaki Heavy Ind,
Yamada Metal Ind, other
Payment record: Regular
Location: Business area in Hanishina-gun
Nagano-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni
Bank (Sakaki)
MUFG
(Shinjuku-Chuo)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
29/02/2016 |
28/02/2015 |
28/02/2014 |
28/02/2013 |
|
|
Annual Sales |
|
9,200 |
8,770 |
7,499 |
6,539 |
|
Recur. Profit |
|
170 |
152 |
565 |
18 |
|
Net Profit |
|
100 |
6 |
191 |
5 |
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Total Assets |
|
|
7,559 |
7,489 |
6,375 |
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Current Assets |
|
|
5,511 |
5,319 |
4,497 |
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Current Liabs |
|
|
4,344 |
4,286 |
3,693 |
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Net Worth |
|
|
1,158 |
1,163 |
971 |
|
Capital, Paid-Up |
|
|
22 |
22 |
22 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical
Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.90 |
16.95 |
14.68 |
6.45 |
|
Current Ratio |
|
.. |
126.86
|
124.10
|
121.77
|
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N.Worth Ratio |
|
.. |
15.32 |
15.53 |
15.23 |
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R.Profit/Sales |
|
1.85 |
1.73 |
7.53 |
0.28 |
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N.Profit/Sales |
|
1.09 |
0.07 |
2.55 |
0.08 |
|
Return On Equity |
|
.. |
0.52 |
16.42 |
0.51 |
Notes: Forecast (or estimated) figures for the
29/02/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
|
Yen |
1 |
Rs.0.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
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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.