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Report No. : |
337643 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
JST MFG CO LTD |
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Registered Office : |
3-4-7 Doshomachi Chuoku Osaka 541-0045 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
September |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures solderless terminals, connectors, others |
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No. of Employees : |
873 |
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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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 |
|
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 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.
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Source
: CIA |
JST MFG
CO LTD
REGD NAME: Nihon Acchaku Tanshi Seizo KK (Acchaku means solderless,
Tanshi means Terminals and Seizo means Mfg in Japanese).
MAIN
OFFICE: 3-4-7 Doshomachi Chuoku
Osaka 541-0045 JAPAN
Tel:
06-6210-2104 Fax: 06-6210-2132
*
Registered at: 2-4-8 Minamisemba Chuoku Osaka
E-Mail
address:(thru the URL)
ACTIVITIES: Mfg of solderless terminals, connectors
BRANCHES: Utsunomiya, Yokohama, Hachioji, Nagano,
Nagoya, Osaka, Kurayoshi, Hiroshima, Fukuoka, other (Tot 12)
OVERSEAS: Europe (8), China (4), Thailand, Korea,
USA, other (Tot 40)
FACTORIES: Kurayoshi, Okayama, Tsuyama, Utsunomiya;
Malaysia (3), China, Korea, other
OFFICER(S): MASAO YOSHIMURA, PRES Yoshinori Matsuda, rep dir
Miyoko
Nishimoto, ch Mitsuhiro
Takahashi, dir
Eriko
Takahashi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY: FINANCES GOOD A/SALES Yen 85,649 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
30 M
TREND SLOW WORTH Yen
142,959 M
STARTED 1957 EMPLOYES 873
COMMENT: MFR OF SOLDERLESS TERMINALS & CONNECTORS.
FINANCIAL
SITUATION CONSIDERED GOOD TO EXCELLENT AND RESPONSIBLE FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Teiji
Takahashi in order to mfr and market solderless terminals. This is the first Japan’s mfr of solderless
terminals (which was named as Acchaku Tanshi in Japanese and is used in
Japanese Industrial Standard). The firm
has been succeeded by his descendants.
Masao Yoshimura took the pres office in Mar 1993. Specializes in mfg terminals & connectors
as mainstay, application tools & machines, others, widely used in
electronics industry. Domestically tops
in the particular products. Active in
overseas operations with global mfg sites & sales networks.
Financials are only partially disclosed as
from the Mar/2006 fiscal term.
The sales volume for Mar/2015 fiscal term
amounted to Yen 85,649 million, a 5% down from Yen 89,802 million in the
previous term. The net profit was posted
at Yen 9,534 million, compared with Yen 9,357 million a year ago. .
For the current term ending Mar 2016 the net
profit is projected at Yen 9,900 million, on a 5% rise in turnover, to Yen
89,950 million. Business is seen
steadily expanding.
The financial situation is considered GOOD to
EXCELLENT and responsible for ORDINARY business engagements.
Date
Registered: Sept 1957
Regd No.:
1200-01-093045
(Osaka-Chuoku)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1.4
million shares
Issued: 1.4
shares
Sum: Yen 30
million
Major
shareholders (%): Miyoko
Nishimoto (84.6), other
No. of
shareholders: 4
Nothing detrimental is known as to the
commercial morality of executives.
Activities:
Manufactures solderless terminals, connectors, others (--100%):
(Mfg
items): Wire to rod crimp style connectors, wire to board insulation
displacement connectors, board to board connector4s, card edge connectors,
FFC/FPC connectors, ribbon cable connectors, headers/jumpers/compression type
connectors, card connectors, coaxial or optical fiber connectors, interface
connection connectors, wire to wire connectors, chain terminals/splices,
solderless terminals, solderless splices, shunt wires, application tools/machines,
DIN type chain terminals/splices, DIN type solderless terminals/splices,
automation connectors, others.
Clients:
[Electronics mfrs] Hitachi Ltd, Toshiba Corp, Sony Corp, Sharp Corp, Mitsubishi
Electric, Panasonic Corp, Matsushita Electric Ind, Sanyo Electric, Hitachi Wire
Finetech, Yumex Co, other.
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Dowa Electronics, Toray Ind, Hitachi Metal Asahi Chemical
Ind, Komatsu Light Mfg, Nippon Steel & Sumitomo Metal Ind, other.
Payment
record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are
owned and maintained satisfactorily.
Bank
References:
MUFG
(Namba)
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 |
|
89,950 |
85,649 |
89,802 |
81,268 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
9,900 |
9,534 |
9,357 |
6,765 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
142,959 |
136,286 |
129,737 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.02 |
-4.62 |
10.50 |
-6.31 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
11.01 |
11.13 |
10.42 |
8.32 |
Notes: Financials are only partially
disclosed.
Forecast (or estimated) figures for the 31/03/2016
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.23 |
|
UK Pound |
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
|
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Report Prepared
by : |
TRU |
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.