MIRA INFORM REPORT
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Report No. : |
332839 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
KONICA MINOLTA OPTO DEVICES INC |
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Registered Office : |
6-300 Imakuma Osaka-Sayama City Osaka-Pref 589-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2016 |
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Date of Incorporation : |
October 1940 |
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Com. Reg. No.: |
1201-01-027205 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is manufactures prism lenses, other optical lenses |
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No. of Employee : |
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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Maximum Credit Limit : |
YEN 60.1 MILLION |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times since 2008. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 2014 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. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.
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Source
: CIA |
Company
name
KONICA MINOLTA OPTO DEVICES INC
REGD
NAME
Konica Minolta
Opto Device KK
Address
6-300 Imakuma
Osaka-Sayama City Osaka-Pref 589-0021 JAPAN
Tel:
072-367-3371 Fax: 072-367-1574
URL
http://www.konicaminolta.jp (Of the parent)
E-Mail
address: (thru the URL)
ACTIVITIES
Mfr of
prism lenses
BRANCHES
Nil
OVERSEAS
China
FACTORIES
At the
caption address
OFFICERS
SHUNSAKU
FUJII, PRES
Iwao Adachi,
dir
Hiromasa
Takai, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,236 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 24 M
TREND SLOW WORTH Yen 872 M
STARTED 1940 EMPLOYES 101
COMMENT
MFR OF PRISM LENSES, OWNED BY
KONICA MINOLTA INC.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 60.1 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a specialized mfr of prism lenses,
other optical lenses, owned by Konica Minolta Inc (See REGISTRATION). 99% of the
products are supplied to the parent.
FINANCIAL
INFORMATION
The sales volume for Mar/2015 fiscal term amounted to Yen
1,236 million, a 15% down from Yen 1,458 million in the previous term. The net profit was posted at Yen 87 million,
compared with Yen166 million a year ago.
For the current term ending Mar 2015 the net profit is projected
at Yen 95 million, on a 5% rise in turnover, to Yen 1,300 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 60.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct
1940
Regd No.: 1201-01-027205 (Osaka-Osaka-Sayama)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
196,000 shares
Issued:
49,000 shares
Sum: Yen 24.5 million
Major shareholders (%): Konica Minolta Inc* (100)
*.. Holding company of Konica-Minolta Group firms, founded 1936,
listed Tokyo S/E, capital Yen 37,519
million, sales Yen 1,011,774 million, operating profit Yen 66,200 million, recurring profit Yen 59,867 million, net
profit Yen 32,706 million, total assets Yen 970,485 million, net worth Yen 499,595 million, employees 41,598, pres
Shoei Yamana
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures prism lenses, other optical
lenses (--100%)
Clients: [Mfrs, wholesalers] Konica Minolta Inc
(99%), other
No. of accounts: 5 (for distribution
to nationwide)
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Konica Minolta
(47%), Iwata Kogaku Kogyo (22%), Nakata Co (7%), other
Payment record: No
Complaints
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactory.
Bank References:
Kiyo Bank
(Kainan-Ekimae)
MUFG (Sakai)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
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Annual
Sales |
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1,300 |
1,236 |
1,458 |
1,515 |
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Recur.
Profit |
|
|
|
275 |
146 |
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Net
Profit |
|
95 |
87 |
166 |
89 |
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Total
Assets |
|
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1,100 |
1,059 |
945 |
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Current
Assets |
|
|
1,055 |
1,034 |
920 |
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Current
Liabs |
|
|
213 |
269 |
278 |
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Net
Worth |
|
|
872 |
784 |
661 |
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Capital,
Paid-Up |
|
|
24 |
24 |
24 |
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Div.Ttl
in Million (¥) |
|
|
0.00 |
44 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
5.18 |
-15.23 |
-3.76 |
-6.02 |
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Current Ratio |
|
.. |
495.31 |
384.39 |
330.94 |
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N.Worth Ratio |
|
.. |
79.27 |
74.03 |
69.95 |
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R.Profit/Sales |
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.. |
.. |
18.86 |
9.64 |
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N.Profit/Sales |
|
7.31 |
7.04 |
11.39 |
5.87 |
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Return On Equity |
|
.. |
9.98 |
21.17 |
13.46 |
Notes:
Forecast (or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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.