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Report No. : |
325600 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
THINK LABORATORY CO LTD |
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Registered Office : |
1201-11 Takada Kashiwa City Chiba-Pref 277-0861 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2014 |
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Date of Incorporation : |
Nov 1966 |
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Com. Reg. No.: |
0400-01-065715 (Shiba-Kashiwa) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures gravure printing machines, printing & book binding
machines, others (--100%). |
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No. of Employee : |
120 |
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 209.4 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 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. The government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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.
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Source
: CIA |
THINK LABORATORY Co Ltd
REGD NAME: KK
Think Laboratory
MAIN OFFICE: 1201-11
Takada Kashiwa City Chiba-Pref 277-0861 JAPAN
Tel:
04-7143-6760 Fax: 04-7146-0566
E-Mail address: (thru the URL)
Mfg of gravure
printing machines, printing/book binding machines
Osaka, Chita
(Aichi)
TATSUO SHIGETA,
PRES Kaku Shigeta, mgn dir
Shintaro Sugawara,
dir Mitsuru Yamaguchi, dir
Hitoshi Horiuchi,
dir Ryota Morisaki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 5,023 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 47 M
TREND SLOW WORTH Yen 4,599 M
STARTED 1966 EMPLOYES 120
MFR OF PRINTING MACHINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 209.4 MILLION, 30 DAYS NORMAL TERMS
The subject company is a specialized mfr of gravure printing machines,
printing & book binding machines, other.
Clients include printing houses, other.
The sales volume for Sept/2014 fiscal term amounted to Yen 5,023 million,
a shade down from Yen 5,033 million in the previous term. The recurring profit was posted at Yen 527
million and the net profit at Yen 351 million, respectively, compared with Yen
662 million recurring profit and yen 458 million net profit, respectively, a
year ago.
For the current term ending Sept 2015 the recurring profit is projected
at Yen 530 million and the net profit at Yen 360 million, respectively, on a 3%
rise in turnover, to Yen 5,175 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 209.4 million, on 30 days normal terms.
Date Registered: Nov 1966
Regd No.:
0400-01-065715
(Shiba-Kashiwa)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 90,528
shares
Issued: 945
shares
Sum: Yen
47.25 million
Major
shareholders (%): Tatsuo Shigeta (40), Kaku Shigeta (30), Employees’ S/Holding Assn (10),
other
No. of shareholders: 8
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Manufactures
gravure printing machines, printing & book binding machines, others
(--100%)
Clients: [Mfrs,
wholesalers] Murata Machinery, Samsung Japan, Dai-Nippon Printing, Toyo Ink SC
Holdings, Osaka Sealing Printing, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Sansha Electric Mfg, Fanuc Corp, Nic Co, other
Payment record: No Complaints
Location: Business area in
Kashiwa City. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References
MUFG Bank
(Kashiwa)
SMBC Bank
(Kashiwa)
Relations:
Satisfactory
(In
Million Yen)
|
Terms Ending: |
31/10/2015 |
31/10/2014 |
31/10/2013 |
31/10/2012 |
|
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Annual
Sales |
|
5,175 |
5,023 |
5,033 |
4,527 |
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Recur.
Profit |
|
530 |
527 |
662 |
|
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Net
Profit |
|
360 |
351 |
458 |
131 |
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Total
Assets |
|
|
7,627 |
6,454 |
6,015 |
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Current
Assets |
|
|
5,150 |
3,927 |
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Current
Liabs |
|
|
2,689 |
1,870 |
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Net
Worth |
|
|
4,599 |
4,249 |
3,692 |
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Capital,
Paid-Up |
|
|
47 |
47 |
47 |
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Div.Ttl
in Million (¥) |
|
|
1.58 |
1.58 |
1.58 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.03 |
-0.20 |
11.18 |
-5.86 |
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Current Ratio |
|
.. |
191.52 |
210.00 |
.. |
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N.Worth Ratio |
|
.. |
60.30 |
65.84 |
61.38 |
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R.Profit/Sales |
|
10.24 |
10.49 |
13.15 |
.. |
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N.Profit/Sales |
|
6.96 |
6.99 |
9.10 |
2.89 |
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Return On Equity |
|
.. |
7.63 |
10.78 |
3.55 |
Notes: Forecast
(or estimated) figures for the 30/09/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
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Report Prepared
by : |
ANK |
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.