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Report No. : |
307672 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
YASUDA METAL INDUSTRIES LTD |
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Registered Office : |
Nagahori Yasuda Bldg 7F, 1-11-9 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2014 |
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Date of Incorporation : |
September 1939 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Mfg of aluminum sheet, plate, foil, metal doors, sashes, windows |
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No of Employees : |
101 |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source
: CIA |
YASUDA
METAL INDUSTRIES LTD
Yasuda Kinzoku Kogyo KK
Nagahori Yasuda Bldg 7F, 1-11-9 Minamisemba
Chuoku Osaka 542-0081 JAPAN
Tel: 06-6262-3770 Fax: 06-6262-0697
URL: http://www.yasudametal.com
E-Mail address: (thru the URL)
Mfg of aluminum sheet, plate, foil,
metal doors, sashes, windows
Tokyo
Gifu, Shiga
TATSUAKI YASUDA, PRES
Kou Yasuda, ch
Yoshiko Yasuda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 6,618 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 76 M
TREND UP WORTH Yen 574 M
STARTED 1939 EMPLOYES 101
MFR OF ALUMINUM STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established
by originally in 1934 by father of Kou Yasuda, on his account, in order to make
most of his experience in the subject line of business, and was incorporated in
1939. Tatsuaki took the pres office in
Aug 2007. This is a specialized mfr,
owned and operated by the Yasuda family, of aluminum sheet, plate, foil, etc.
The sales volume for Oct/2013 fiscal
term amounted to Yen 6,618 million, an 11% up from Yen 5,953 million in the
previous term. The recurring profit was
posted at Yen 79 million and the net profit at Yen 222 million, respectively,
compared with Yen 28 million recurring profit and Yen 28 million net profit,
respectively, a year ago.
For the term that ended Oct 2014 the
recurring profit was projected at Yen 85 million and the net profit at Yen 235
million, respectively, on a 5% rise in turnover, to Yen 6,950 million. Final results are yet to be released.
The financial situation is
considered FAIR and good for ORDINARY business
engagements.
Date
Registered: Sept 1939
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 614,400
shares
Issued: 153,600
shares
Sum: Yen
76.8 million
Major
shareholders (%): Kou Yasuda (54), and families (--46)
No. of
shareholders: 5
Nothing detrimental is known as
to the commercial morality of executives.
Activities:
Manufactures aluminum products: sheet, plate, foil, metal doors, sash, windows,
including cleaning, polishing & finishing works, others (--100%)
Clients:
[Mfrs, wholesalers] Yasuda Co (15%), Sunrail Corp (8%), Nikkei Sangyo Co, Kinki
Aluminium, LIXIL, Bridgestone Corp, Alconix Corp, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Dubai Alminium (68%), Tio Tinto Japan (10%), Shinzuyo Metal Ind,
Aumika Alchem Co, other
Payment record: No Complaints
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactory.
Bank References:
Resona
Bank (Hirano)
Osaka
City Shinkin Bank (Hirano)
Relations:
Satisfactory
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Terms Ending: |
31/10/2014 |
31/10/2013 |
31/10/2012 |
31/10/2011 |
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Annual Sales |
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6,950 |
6,618 |
5,953 |
5,483 |
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Recur. Profit |
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85 |
79 |
28 |
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Net Profit |
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235 |
222 |
28 |
138 |
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Total Assets |
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7,646 |
7,303 |
6,593 |
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Current Assets |
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4,231 |
3,844 |
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Current Liabs |
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1,132 |
1,090 |
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Net Worth |
|
|
574 |
352 |
324 |
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Capital, Paid-Up |
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|
76 |
76 |
76 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.02 |
11.17 |
8.57 |
25.10 |
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Current Ratio |
|
.. |
373.76 |
352.66 |
.. |
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N.Worth Ratio |
|
.. |
7.51 |
4.82 |
4.91 |
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R.Profit/Sales |
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1.22 |
1.19 |
0.47 |
.. |
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N.Profit/Sales |
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3.38 |
3.35 |
0.47 |
2.52 |
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Return On Equity |
|
.. |
38.68 |
7.95 |
42.59 |
Notes: Forecast (or estimated)
figures for the 31/10/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 62.20 |
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|
1 |
Rs. 95.99 |
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Euro |
1 |
Rs. 71.00 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
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 |
-- |
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.