|
Report No. : |
305579 |
|
Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOYOTSU MATERIAL INC |
|
|
|
|
Registered Office : |
Cross Court Tower 12F, 4-4-10 Meieki Nakamuraku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
May, 1999 |
|
|
|
|
Com. Reg. No.: |
1800-01-048098 (Nagoya-Nakamuraku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, Export and Wholesale of Iron & Steel Raw Materials,
Products, Recycled Metals. |
|
|
|
|
No. of Employees : |
111 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
TOYOTSU MATERIAL INC
REGD NAME: Toyotsu Material
KK
MAIN OFFICE: Cross Court Tower
12F, 4-4-10 Meieki Nakamuraku Nagoya 450-0002 JAPAN
Tel: 052-569-2227 Fax: 052-565-6070
URL: http://www.toyotsumaterial.co.jp
E-Mail address: info@toyotsumaterial.co.jp
Import, export,
wholesale of iron & steel raw materials, products, recycled metals
Tokyo, Osaka,
Fukuoka (3), Komaki, Sendai
KIYOSHI YAMAKAWA,
PRES Kozo Yoda, mgn dir
Norio Kato, mgn dir Takuzo
Shirai, dir
Hideki Kondo, dir Satoshi Yamanaka, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 149,948 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND UP WORTH Yen 3,835 M
STARTED 1999 EMPLOYES 111
TRADING FIRM,
OWNED BY TOYOTA TSUSHO CORP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject
company was established on the basis of a nonferrous metal division separated
from Toyota Tsusho Corp (See REGISTRATION). This is a trading firm specializing in
import, export and wholesale of iron & steel raw materials, products,
non-ferrous products, recycled alloys & metals, other. For imports and exports the parent’s
worldwide offices/subsidiaries are fully utilized. Opened the Tokyo Office in Apr 2013. Domestic clients include major steel mills,
wholesalers, other
The sales volume
for Mar/2014 fiscal term amounted to Yen 149,948 million, a 131% huge up from
Yen 64,993 million in the previous term.
This is largely attributed to rising demand for recycled metals &
alloys, also metal unit prices were up.
The recurring profit was posted at Yen 2,773 million and the net profit
at Yen 1,653 million, respectively, compared with Yen 1,248 million recurring
profit and Yen 759 million net profit, respectively, a year ago.
For the current
term ending Mar 2015 the recurring profit is projected at Yen 3,000 million and
the net profit at Yen 1,750 million, respectively, on a 5% rise in turnover, to
Yen 157,500 million. Business is seen
expanding steadily.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: May 1999
Regd No.:
1800-01-048098
(Nagoya-Nakamuraku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
100 million
Major
shareholders (%): Toyota Tsusho Corp* (100)
*.. Sole trading house
in the Toyota Group, Nagoya, founded 1948, listed Tokyo S/E, Capital Yen 64,936
million, sales Yen 7,743,237 million,
operating profit Yen 161,321 million, recurring profit Yen 163,438 million, net
profit Yen 73,034 million, total assets Yen 4,094,048 million, net worth Yen
967,332 million, employees 50,423, pres Jun Karube
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales iron & steel raw materials (45%), their products & parts
(9%), nonferrous metals recycled products (aluminum, copper, nickel, other),
recycled EVs (electric vehicles) (18%), others (28%).
Osaka
Office (20%), Tokyo Office (8%)
Clients: [Mfrs,
wholesalers] Toyota Tsusho Corp, Toyota Motor group, Aichi Steel Corp, Kobe
Steel, Almine Co, Alinco Inc, Metal Do Co, Mitsubishi Electric, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyota Tsusho Corp, other
Payment record: Regular
Location: Business area in
Nagoya. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Nagoya)
MUFG (Nagoya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual
Sales |
|
157,500 |
149,948 |
64,993 |
51,531 |
|
Recur.
Profit |
|
3,000 |
2,773 |
1,248 |
1,043 |
|
Net
Profit |
|
1,750 |
1,653 |
759 |
408 |
|
Total
Assets |
|
|
26,769 |
12,963 |
10,967 |
|
Current
Assets |
|
|
26,304 |
12,608 |
10,715 |
|
Current
Liabs |
|
|
22,793 |
10,334 |
8,916 |
|
Net
Worth |
|
|
3,835 |
2,503 |
1,988 |
|
Capital,
Paid-Up |
|
|
100 |
100 |
100 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.04 |
130.71 |
26.12 |
-16.33 |
|
Current Ratio |
|
.. |
115.40 |
122.01 |
120.18 |
|
N.Worth Ratio |
|
.. |
14.33 |
19.31 |
18.13 |
|
R.Profit/Sales |
|
1.90 |
1.85 |
1.92 |
2.02 |
|
N.Profit/Sales |
|
1.11 |
1.10 |
1.17 |
0.79 |
|
Return On Equity |
|
.. |
43.10 |
30.32 |
20.52 |
Notes: Forecast (or estimated) figures for the
31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.93.18 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.