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Report No. : |
305940 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TOKYO BOEKI STEEL & MATERIAL LTD |
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Registered Office : |
Daiichi Nagaoka
Bldg, 2-13-8 Hatchobori Chuoku Tokyo 104-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
October
2006 |
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Com. Reg. No.: |
0100-01-103551 |
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Legal Form : |
Limited
Company |
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Line of Business : |
Import,
export, wholesale of steel, coal, coke & iron ore, stainless steel |
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No. of Employee : |
100 |
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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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 – 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 |
TOKYO BOEKI STEEL
& MATERIAL LTD
REGD NAME: Tokyo
Boeki Kinzoku KK
MAIN OFFICE: Daiichi
Nagaoka Bldg, 2-13-8 Hatchobori Chuoku Tokyo 104-0032 JAPAN
Tel: 03-3555-7110
Fax: 03-3555-7205
URL: http://www.tokyo-boeki-kinzoku.co.jp
E-Mail
address: (thru the URL)
Import,
export, wholesale of steel, coal, coke & iron ore, stainless steel
Kanagawa,
Ibaraki, Chiba, Wakayama, Fukuyama, Kure, other (Tot 12)
USA,
Vietnam, Indonesia, India, Thailand, Malaysia, Russia, Australia, and South
Africa
MASAYOSHI
TANAKA, PRES
Hiroshi
Shigezumi, dir
Hirofumi
Yanagawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 12,743 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
400 M
TREND SLOW WORTH Yen
1,020 M
STARTED 2006 EMPLOYES 100
TRADING FIRM SPECIALIZING STEEL,
IRON ORE, COAL, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established originally in 1947 as Tokyo Boeki Shokai, and
in 2006 founded a Holding Company, Tokyo Boeki Holdings Corporation, as a
successor (See REGISTRATION), and
became its wholly owned subsidiary. This
is a trading firm for import, export and wholesale of steel, coal, coke, iron
ore, stainless steel, auto body, other.
Clients include steel mfrs, auto makers, and gas companies, other,
nationwide.
The sales volume for Mar/2014 fiscal term amounted to Yen
12,743 million, a 19% down from Yen 15,811 million in the previous term. The net profit was posted at Yen 96 million,
compared with Yen 1 million a year ago.
For the current term ending Mar 2014 the net profit is
projected at Yen 100 million, on a 5% rise in turnover, to Yen 13,400 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 162.8 million, on 30 days normal terms.
Date Registered: Oct
2006
Regd No.: 0100-01-103551
(Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 32,000 shares
Issued:
8,000 shares
Sum: Yen
400 million
Major shareholders (%): Tokyo Boeki Holdings Corporation* (100)
*.. Holding Company of the Group firm, at the caption
address Tokyo, originally founded 1947,
and reorganized in 2006, capital Yen 3,000 million, sales Yen 1,920 million,
net profit Yen 893 million,
employees 22, pres Hiroshi Machida
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
steel, coal, coke & iron ore, stainless steel, cold steel plates, bricks
(building materials), others (--100%)
Clients: [Mfrs, wholesalers] Nippon Steel &
Sumikin Metal Ind, JFE Steel, Chuo Denki Kogyo, other Exports to: Australia,
India, Vietnam, S/Africa, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nippon Steel &
Sumikin Metal Ind, Nippon Steel Sumikin Stainless Steel Corp, JFE Steel,
Mizushima Ferroalloy Co, Godo Steel Ltd, Polar Japan, etc
Imports from: China, CIS, India,
Indonesia, other
Payment record: No
complaints
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
MUFG (H/O)
Mizuho Bank (Kabutocho)
Relations: Satisfactory
FINANCES (In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual
Sales |
|
13,400 |
12,743 |
15,811 |
13,744 |
|
Recur.
Profit |
|
|
|
|
|
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Net
Profit |
|
100 |
96 |
1 |
50 |
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Total
Assets |
|
|
4,897 |
4,524 |
5,458 |
|
Current
Assets |
|
|
4,034 |
3,883 |
4,909 |
|
Current
Liabs |
|
|
3,871 |
3,575 |
4,509 |
|
Net
Worth |
|
|
1,020 |
942 |
945 |
|
Capital,
Paid-Up |
|
|
400 |
400 |
400 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.16 |
-19.40 |
15.04 |
-37.53 |
|
Current Ratio |
|
.. |
104.21 |
108.62 |
108.87 |
|
N.Worth Ratio |
|
.. |
20.83 |
20.82 |
17.31 |
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
|
0.75 |
0.75 |
0.01 |
0.36 |
|
Return On Equity |
|
.. |
9.41 |
0.11 |
5.29 |
Notes:
Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.50 |
|
|
1 |
Rs. 93.12 |
|
Euro |
1 |
Rs. 69.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
|
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 |
|
<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.