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Report No. : |
302095 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
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Name : |
JFE CONTAINER CO LTD |
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Registered Office : |
Sarugakucho SS Bldg 9F, 1-5-15 Sarugakucho Chiyodaku Tokyo 101-0064 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 1965 |
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Com. Reg. No.: |
0100-01-112820 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures oil drums, high-pressure gas cylinders, others (--100%) |
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No. of Employee : |
276 |
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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Maximum Credit Limit : |
Yen 856.8 Million |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
JFE CONTAINER CO
LTD
JFE Container KK
Sarugakucho SS Bldg 9F, 1-5-15 Sarugakucho Chiyodaku Tokyo 101-0064
JAPAN
Tel: 03-5281-8511
Fax: 03-5281-1225
URL: http://www.jfecon.jp
E-Mail address: (thru the URL)
ACTIVITIES: Mfg of oil drums, gas cylinders, other
BRANCHES: Osaka, Niigata, other
FACTORIES: Chiba, Sakai, Kurashiki, Kawasaki, other
(Tot 5)
OFFICERS: SADAO ONO, PRES Seiichi Tanabe, s/mgn dir
Yasutaka Ando, mgn
dir Yasunori Osaki,
dir
Atsushi
Kato, dir Motofumi
Iwata, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 20,231 M
PAYMENTS REGULAR CAPITAL Yen
2,365 M
TREND UP WORTH
Yen 18,193 M
STARTED 1961 EMPLOYES 276
COMMENT: MFR OF OIL DRUMS, OTHER, AFFILIATED TO JFE
STEEL CORP. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 856.0 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established as a joint venture between Kawasaki
Steel Containers and NKK Containers, and when Kawasaki Steel merged and renamed
as JFE Steel Corp, the firm became affiliated company of JFE Steel Corp. This is a specialized mfr of oil drums, gas cylinder,
other. Clients include gas makers, mfrs,
wholesalers, other
The sales volume for Mar/2014 fiscal term amounted to Yen 20,231
million, an almost similar amount of Yen 20,169 million in the previous
term. The recurring profit was posted at
Yen 1,780 million and the net profit at Yen 1,373 million, respectively,
compared with Yen 1,882 million recurring profit and Yen 1,180 million net
profit, respectively, a year ago.
For the current term ending Mar 2015 the recurring profit is projected
at Yen 2,100 million and the net profit at Yen 1,450 million, respectively, on
a 6% rise in turnover, to Yen 21,500 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 856.8 million, on 30 days normal terms.
Date Registered: Apr
1965
Regd No.: 0100-01-112820
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 18.9 million shares
Issued:
4,730,000
shares
Sum: Yen
2,365 million
Major shareholders
(%): JFE Steel Corp* (50),
Marubeni Itochu Steel Corp, other
No. of shareholders: 25
*.. Mfr of iron/steel, Tokyo,
founded 1950, capital Yen 239,644 million, sales Yen 2,691,622 million,
operating profit Yen 108,465 million, recurring profit Yen 126,231 million, net
profit Yen 72,121 million, total
assets Yen 3,638,164 million, net worth Yen 1,305,216 million, employees 42,481, pres Eiji Hayashida
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures oil
drums, high-pressure gas cylinders, others (--100%)
Clients: [Mfrs,
wholesalers] Marubeni Itochu Steel, Yokohama Yoki Kogyo, Mitsui Chemical, MOBY,
other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] JFE Shoji Trade, Marubeni Itochu Steel, JFE Kyowa Yoki, Metal One,
Mitsui & Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
SMBC (Osaka-Chuo)
Nishi Nippon City Bank (Osaka)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual Sales |
|
21,500 |
20,231 |
20,169 |
22,215 |
|
Recur. Profit |
|
2,100 |
1,980 |
1,882 |
|
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Net Profit |
|
1,450 |
1,373 |
1,180 |
1,106 |
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Total Assets |
|
|
28,862 |
27,258 |
27,025 |
|
Current Assets |
|
|
11,123 |
10,922 |
|
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Current Liabs |
|
|
8,524 |
8,165 |
|
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Net Worth |
|
|
18,193 |
17,101 |
16,185 |
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Capital, Paid-Up |
|
|
2,365 |
2,365 |
2,365 |
|
Div.Ttl in Million (¥) |
|
|
296.4 |
286.4 |
439.7 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
6.27 |
0.31 |
-9.21 |
-0.19 |
|
Current Ratio |
|
.. |
130.49 |
133.77 |
.. |
|
N.Worth Ratio |
|
.. |
63.03 |
62.74 |
59.89 |
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R.Profit/Sales |
|
9.77 |
9.79 |
9.33 |
.. |
|
N.Profit/Sales |
|
6.74 |
6.79 |
5.85 |
4.98 |
|
Return On Equity |
|
.. |
7.55 |
6.90 |
6.83 |
Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
TPT |
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 |
|
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.