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Report No. : |
309929 |
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Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MOTOSAN ENGINEERING CORPORATION |
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Registered Office : |
Mason Kojimachi 805, 3-1-8 Kojimachi Chiyodaku Tokyo 102-0083 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
Nov., 1960 |
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Com. Reg. No.: |
0100-01-030897 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Exports of Car Batteries, Separators, also Handles Beauty
Equipment. |
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No. of Employees : |
3 |
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 Limit : |
YEN 14.7 MILLION |
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Status : |
Moderate |
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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 |
MOTOSAN ENGINEERING CORPORATION
REGD NAME: Motosan
Engineering KK
MAIN OFFICE: Mason Kojimachi
805, 3-1-8 Kojimachi Chiyodaku Tokyo 102-0083 JAPAN
Tel: 03-3264-0007 Fax: 03-3230-1181
E-Mail address: info@motosan.co.jp
Exports
car batteries, separators, also handles beauty equipment
Nil
YUKIO TANIMOTO,
PRES
Tomoko
Tanimoto
Masaru
Takahashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
800 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 20
M
TREND UP WORTH Yen 792 M
STARTED 1970 EMPLOYES 3
EXPORTER OF CAR BATTERIES, SEPARATORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 14.7 MILLION, 30 DAYS NORMAL TERMS
The
subject company was established by Yukio Tanimoto in order to make most of his
experience in the
subject line of business. This is a family-based trading firm
specializing in exporting car batteries separators, other. Also handles beauty equipment.
Orders are actively coming from India, Pakistan, & other S/E Asian
countries.
Financials
are only partially disclosed. Profits
are not precisely disclosed and they are estimated only.
The
sales volume for Mar/2014 fiscal term amounted to Yen 800 million, a 33% up
from Yen 600 million in the previous term.
Weaker Yen contributed to raise export earnings in Yen terms. Orders also increased. The net profit is estimate posted at Yen 40
million, compared with Yen 30 million a year ago.
For
the current term ending Mar 2015 the net profit is projected at Yen 45 on a 5%
rise in turnover, to Yen 840 million.
Weaker Yen continues to raise export revenues and profits in Yen
terms.
The
financial situation is considered FAIR and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 14.7 million, on 30 days normal terms.
Date Registered: Nov 1960
Regd No.: 0100-01-030897
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued:
40,000 shares
Sum: Yen
20 million
Major shareholders (%): Yukio Tanimoto (85) and families
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports car batteries, separators,
other, beauty equipment, other (--100%)
Clients: [Mfrs, wholesalers] Exports to India,
Pakistan, S/E Asia, other
Domestically: Dinos Cecil Co,
TBC Group, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Kaneka Corp,
Nippon Sheet Glass Co, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank
References:
Mizuho
Bank (Kojimachi)
SMBC
(Kojimachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
|
840 |
800 |
600 |
500 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
45 |
40 |
30 |
25 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
792 |
752 |
722 |
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Capital,
Paid-Up |
|
|
20 |
20 |
20 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.00 |
33.33 |
20.00 |
0.00 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
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|
.. |
.. |
.. |
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N.Profit/Sales |
|
5.36 |
5.00 |
5.00 |
5.00 |
Notes:
Financials are only partially disclosed.
Profits are estimated only as undisclosed precisely.
Forecast
(or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.05 |
|
|
1 |
Rs.96.03 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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.