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Report No. : |
308570 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
OHMI INDUSTRIES LTD |
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Registered Office : |
Shinsaibashi Taiyo Bldg, 3-11-10 Minamisemba Chuoku |
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Country : |
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Financials (as on) : |
30.09.2014 |
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Date of Incorporation : |
Oct., 1977 |
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Com. Reg. No.: |
1200-01-076600 (Osaka-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of Steel and Steel Products. |
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No. of Employees : |
24 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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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 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 |
OHMI INDUSTRIES LTD
REGD NAME: Ohmi
Industries KK
MAIN OFFICE: Shinsaibashi
Taiyo Bldg, 3-11-10 Minamisemba Chuoku Osaka 542-0081 JAPAN
Tel: 06-6252-2470 Fax: 06-6252-9884
URL: http://www.ohmiinds.co.jp
E-Mail address: ohmi@ohmiinds.co.jp
Export of steel,
steel products
Tokyo
Ohmi Tetsu (India) Pvt Ltd (Delhi), Ohmi
Steel India Pvt Ltd (Pune)
(--subsidiaries), SMPC Industries (India)
Pvt Ltd (26% shareholding)
KATSUHIKO KOYAGI,
PRES Shinji Koyagi, s/mgn dir
Akira Bando, dir Yoshihiro Kato, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 23,444 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 200 M
TREND UP WORTH Yen 1,425 M
STARTED 1977 EMPLOYES 24
TRADING FIRM
SPECIALIZING IN STEEL & STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject
company was established on the basis of Export Division separated from Ohmi
Sangyo Co Ltd, steel service center operator, at the caption address. The subject firm specializes in exporting
steel products: HR/CR for re-rolling/galvanizing, coated sheets, automotive
steel, other. Exports to: India, other
to Africa, Latin America, Middle East, etc.
In 2005 opened office in New Delhi and in 2007 in Pune. 80% of exporting products are supplied from
JFE Steel Corp.
The sales volume for
Sept/2014 fiscal term amounted to Yen 23,444 million, a 15% up from Yen 20,315
million in the previous term. Exports of
hot coils increased. Weak Yen
contributed to raise export revenues in Yen terms. The recurring profit was posted at Yen 310
million and the net profit at Yen 122 million, respectively, compared with Yen
302 million recurring profit and Yen 188 million net profit, respectively, a
year ago.
For the current term ending Sept 2015 the recurring profit is projected
at Yen 320 million and the net profit at Yen 130 million, respectively, on a 5%
rise in turnover, to Yen 24,500 million.
Weaker Yen will raise revenues in Yen terms. Exports are robust.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered:
Oct 1977
Regd No.:
1200-01-076600 (Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.6 million shares
Issued: 400,000 shares
Sum: Yen 200 million
Major
shareholders (%): Taiyo Fudosan (77), Shinji Koyagi (8), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports steel, steel
products: HR/CR for re-rolling/galvanizing (81.6%), building materials (5.4%),
automotive steel (7.7%), tin plates (2.2%), stainless steel (2.9%), others
(--0.2%). (Breakdowns are all about)
Also handles: steel sheet galvanizing equipment, color coating line,
corrugating, roll forming machines, leveling & shearing line, slitting
line, metal sheets process line, wire & nail making machines, others.
Exports to: India,
Bangladesh, Pakistan, Africa, Oceania, Latin America, Middle East, other.
Clients: [Mfrs,
wholesalers] Exports to India (22%), S/E Asia (Bangladesh, Pakistan, other)
(64%), Africa (Nigeria, Ghana, other) (13%), Australia, other (1%).
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Steel mfrs,
wholesalers] JFE Steel Corp (80%), Metal One Corp, Marubeni-Itochu Steel Inc,
JFE Galvanizing & Coating Co, Nippon Steel Sumitomo Metal Ind, JFE Shoji
Trade Corp, Nippon Steel & Sumikin Bussan, Shin Kansai Steel Co, other.
Payment
record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are
leased and maintained satisfactorily.
Bank
References:
MUFG
(Semba)
Mizuho
Bank (Minamisemba)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2015 |
30/09/2014 |
30/09/2013 |
30/09/2012 |
|
|
Annual
Sales |
|
24,500 |
23,444 |
20,315 |
17,953 |
|
Recur.
Profit |
|
320 |
310 |
302 |
259 |
|
Net
Profit |
|
130 |
122 |
188 |
60 |
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Total
Assets |
|
|
3,371 |
2,931 |
2,733 |
|
Current
Assets |
|
|
2,560 |
2,259 |
1,968 |
|
Current
Liabs |
|
|
1,466 |
1,211 |
1,162 |
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Net
Worth |
|
|
1,425 |
1,349 |
1,205 |
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Capital,
Paid-Up |
|
|
200 |
200 |
200 |
|
Div.Ttl
in Million (¥) |
|
|
46.5 |
46.2 |
46.2 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.50 |
15.40 |
13.16 |
-13.04 |
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Current Ratio |
|
.. |
174.62 |
186.54 |
169.36 |
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N.Worth Ratio |
|
.. |
42.27 |
46.03 |
44.09 |
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R.Profit/Sales |
|
1.31 |
1.32 |
1.49 |
1.44 |
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N.Profit/Sales |
|
0.53 |
0.52 |
0.93 |
0.33 |
|
Return On Equity |
|
.. |
8.56 |
13.94 |
4.98 |
Notes: Forecast
(or estimated) figures for the 30/09/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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.