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Report No. : |
348419 |
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Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SAKAI KOUHAN CO LTD |
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Registered Office : |
1-9-8 Sakai Osaka-Pref |
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Country : |
Japan |
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Financials (as on) : |
30.04.2015 |
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Date of Incorporation : |
Sept., 1963 |
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Com. Reg. No.: |
1201-01-002525 (Osaka-Sakai) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer and Processing of Steel
Sheets (Shirring). |
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No. of Employees : |
80 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
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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 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 first-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.
|
Source
: CIA |
SAKAI KOUHAN CO LTD
REGD NAME: Sakai
Kouhan KK
MAIN OFFICE: 4-543-3
Miyake-Nishi Matsubara City Osaka-Pref 580-0045 JAPAN
Tel: 072-331-1300 Fax: 072-336-1334
*.. Registered at: 1-9-8 Sakai Osaka-Pref
** The is its Osaka Branch Office
URL: http://www.sakaikouhan.com
E-mail Address: info@sakaikouhan.com
Mfg, processing of
steel sheets (shirring)
Tokyo, Nagoya,
Fukuoka, Chiba, Osaka (as given)
China, Bangladesh,
Vietnam (Tot 3)
At the caption
address, Sakai (3), Osaka, Fukuyama, Ehime, Hiroshima
KATSUHISA TSUDA,
PRES Shingo Tsuda, ch
Takashi Tanaka, s/mgn dir Emiko Tsuda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 15,010 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 20 M
TREND STEADY WORTH Yen 2,753 M
STARTED 1963 EMPLOYES 80
MFR & PROCESSOR OF STEEL SHEETS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject
company was established by Shingo Tsuda, now ch, in order to make most of his
experience in the subject line
of business. Katsuhisa Tsuda is his son. This is a specialized mfr specializing in
mfg (shirring) & processing of sheet iron, hot rolled steel sheets, pickled steel sheets, other. Also recently
advanced into making solar
panels. Active in overseas expansion, operating offices in China, Vietnam and Bangladesh. Efforts to grow
international trade business, in which the firm is seeking to leverage steel
sheet knowledge and experience to act as a trading company, making up the third
pillar of their operations. Domestic
clients include steel mills, steel traders, other, nationwide.
The sales volume
for Apr/2015 fiscal term amounted to Yen 15,010 million, a 3% up from Yen
14,535 million in the previous term.
Exports were robust. The
recurring profit was posted at Yen 879 million and the net profit at Yen 580
million, respectively, compared with Yen 865 million recurring profit and Yen
408 million net profit, respectively, a year ago.
For the current
term ending Apr 2016 the recurring profit is projected at Yen 900 million and
the net profit at Yen 600 million, respectively, on a 3% rise in turnover, to
Yen 15,460 million. Sales of solar
panels continue rising. Exports also are
rising into China & Vietnam.
The financial
situation is considered maintained FAIR and good for ORDINARY business engagements.
Date Registered:
Sept 1963
Regd No.:
1201-01-002525
(Osaka-Sakai)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued:
40,000 shares
Sum: Yen
20 million
Major
shareholders (%): Katsuhisa Tsuda
(35), Yukiko Nishiyama (30), Emiko Tsuda (27.5), Shingo Tsuda (7.5)
No.
of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures and
processes: cold-rolled steel sheets, surface-treated steel sheets, galvanized
steel sheets, colored steel sheets, hot-rolled & pickled steel sheets;
metal-working machines & equipment, warehousing & cargo truck
forwarding, solar panels (deck roof type, inclined roof type, folded plate type
roof, other), other (--100%)
Clients: [Steel mills,
steel traders] Steel Center Co, Marubeni Itochu Steel Inc, Shinsho Corp, JFE
Shoji Trade Corp, Nisshin A&C Co, Toyota Tsusho Corp, Toyotsu Tekkou Hanbai
Corp, Hanwa Co, Metal One Corp, Nippon Steel & Sumikin Corp, Nihon Teppan
Co, Tsukiboshi Shoji Co, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Marubeni-Itochu Steel Inc, Kanpo Steel Co, Mitsui & Co, Metal
One Corp, Hanwa Co, JFE Shoji Trade Corp, Tsukiboshi Shoji, Toyotsu Tekkou Hanbai, Shinsho Corp, Kobe Steel Ltd, Nippon
Steel & Sumitomo Metal Corp, Nakayama Trading Co, other.
Payment
record: No Complaints
Location: Business area in Matsubara City, Osaka-Pref. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Sakai)
Ikeda Senshu Bank (Matsubara)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2016 |
30/04/2015 |
30/04/2014 |
30/04/2013 |
|
|
Annual
Sales |
|
15,460 |
15,010 |
14,535 |
12,087 |
|
Recur.
Profit |
|
900 |
879 |
865 |
295 |
|
Net
Profit |
|
600 |
580 |
408 |
119 |
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Total
Assets |
|
|
8,132 |
7,322 |
6,327 |
|
Current
Assets |
|
|
6,445 |
5,724 |
4,538 |
|
Current
Liabs |
|
|
3,980 |
3,586 |
2,877 |
|
Net
Worth |
|
|
2,753 |
2,172 |
1,754 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.00 |
3.27 |
20.25 |
-5.21 |
|
Current Ratio |
|
.. |
161.93 |
159.62 |
157.73 |
|
N.Worth Ratio |
|
.. |
33.85 |
29.66 |
27.72 |
|
R.Profit/Sales |
|
5.82 |
5.86 |
5.95 |
2.44 |
|
N.Profit/Sales |
|
3.88 |
3.86 |
2.81 |
0.98 |
|
Return On Equity |
|
.. |
21.07 |
18.78 |
6.78 |
Note: Forecast (or estimated) for the 30/04/2016
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.45 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.72.22 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
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Report Prepared
by : |
NIT |
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 |
-- |
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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.