MIRA INFORM REPORT
|
Report No. : |
340839 |
|
Report Date : |
15.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
REXXAM CO LTD |
|
|
|
|
Registered Office : |
6Fl Souken Honmachi Bldg 2-1-8 Minami-honmachi, Chuo-ku, Osaka-shi, Osaka 5410054 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
27.11.1948 |
|
|
|
|
Legal Form : |
Company Limited |
|
|
|
|
Line of Business : |
Manufacturer of Consumer
Products |
|
|
|
|
No. of Employees : |
971 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
Company
name
REXXAM CO LTD
Company Detail
|
Country |
: |
Japan |
|
Business Entity
Name |
: |
REXXAM CO
LTD (1) |
|
Name in Local
Language |
: |
株式会社 レクザム |
|
Operating
Address |
: |
6Fl Souken
Honmachi Bldg 2-1-8 Minami-honmachi, Chuo-ku, Osaka-shi, Osaka 5410054 |
|
Tel |
: |
[+81] 6-62620871 |
|
Fax |
: |
[+81] 6-62646993 |
|
Website |
: |
|
|
Primary Business
Activity |
: |
Manufacturer |
|
Primary Industry |
: |
Consumer
Products |
Key Facts
|
Registered Legal
Address |
: |
6Fl Souken Honmachi
Bldg 2-1-8 Minami-honmachi, Chuo-ku, Osaka-shi, Osaka 5410054 |
||||||
|
Name History |
: |
|
||||||
|
License Number |
: |
1200-01-092225 |
||||||
|
Date of Registration |
: |
27 Nov, 1948 |
||||||
|
Issuing
Authority |
: |
Legal Affairs
Bureau, Ministry of Justice - National |
||||||
|
Legal Form -
Category |
: |
Private Company
with Limited Liability |
||||||
|
Legal Form |
: |
Company Limited |
||||||
|
Legal Form -
Abbreviation |
: |
CO LTD |
||||||
|
License Status |
: |
License exists -
Normal. |
||||||
|
Operational
Status of Business |
: |
Normal |
||||||
|
Employees |
: |
971 |
||||||
|
Capital |
: |
n/a (2) |
Note:
|
(1) Legal status
of the English corporate name by the owners of
the SBE. It is not a registered English corporate name, but simply a
translation / transliteration of the local language name. |
|
|
|
(2) Not applicable. |
|
|
|
|||
|
|
Adverse Data |
|||
|
|
|
|
Financials -
Summary (Currency: USD - US
Dollar) |
||||||||||||||||||||
|
||||||||||||||||||||
|
Sales Trend -
Analysis |
||||||||||||||||||||
|
Key Person
|
Legal Title |
: |
President |
|
Name |
: |
Mr. Shinji Okano |
|
Registered
Address |
: |
3-15-3 Gein,
Mino-shi, Osaka 5620026 |
|
Nationality |
: |
Japanese |
Primary Products
|
Products /
Materials / Services Description |
Activity |
|
Auto lensmeter |
Manufacturing,
Exporting |
|
Car parts |
Manufacturing,
Exporting |
|
Claspers,
automobile |
Manufacturing,
Exporting |
|
Dryer |
Manufacturing,
Exporting |
|
Electronic
products |
Manufacturing,
Exporting |
Commercial Credit Inquiries
|
Date of Inquiry |
Industry |
Credit Type |
Credit Amount |
Period |
|
15 Sep, 2015 |
Professional
Services |
MRC |
USD 20,000,000 |
90 days |
|
7 May, 2015 |
Financial
Services - General |
MRC |
USD 20,000,000 |
90 days |
|
6 Dec, 2010 |
Financial
Services - Trade Insurance |
ISC |
USD 8,000,000 |
90 days |
|
Note: |
|||
|
* |
MRC |
: |
Max. Recommended
Credit amount |
|
** |
ISC |
: |
Inquirer Specified
Credit amount |
Company summery
|
Country |
: |
Japan |
|
Business Entity
Name |
: |
REXXAM CO LTD |
|
Primary Business
Activity |
: |
Manufacturer |
|
Primary Industry |
: |
Consumer
Products |
|
|
|
|
|
Office Contact
Details |
||
|
Operating
Address |
: |
6Fl Souken
Honmachi Bldg 2-1-8 Minami-honmachi, Chuo-ku, Osaka-shi, Osaka 5410054 |
|
Tel |
: |
[+81] 6-62620871 |
|
Fax |
: |
[+81] 6-62646993 |
|
|
|
|
|
Factory Contact
Details |
||
|
Address |
: |
2500-1 Hiromi Ainan-cho,
Minamiuwa-gun, Ehime 7984406 |
|
Tel |
: |
[+81] 895-843181 |
|
Fax |
: |
[+81] 895-843281 |
|
|
|
|
|
Website Details |
||
|
Website |
: |
|
|
Status |
: |
Normal - operational |
|
Country of
Registration |
: |
Japan |
|
Ownership Type |
: |
Registered
ownership by Subject Business Entity |
SIC PRODUCT CLASSIFICATION & ACTIVITY
|
Product/Service
Description |
Code |
Activity |
|
Electronic &
Electric Equip. |
3600 |
Manufacturing,
Exporting |
|
Electronic
components, nspf |
3679 |
Manufacturing,
Exporting |
|
Fabricated metal
products, nspf |
3499 |
Manufacturing,
Exporting |
|
Footwear, nspf |
3149 |
Manufacturing,
Exporting |
|
Motor vehicle parts
and accessories, nspf |
3714 |
Manufacturing,
Exporting |
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
|
Product/Service
Description |
Code |
Activity |
|
Clasps, buckles,
hooks, beads & spangles, base metal |
8308 |
Manufacturing,
Exporting |
|
Electronic
integrated circuits & microassembl, parts |
8542 |
Manufacturing,
Exporting |
|
Footwear with
uppers of leather, ski-boots and cross-country ski footwear and snowboard
boots |
6403120000 |
Manufacturing,
Exporting |
|
Parts & access
for motor vehicles (head 8701-8705 |
8708 |
Manufacturing,
Exporting |
|
Parts of
centrifuges, including centrifugal dryers |
8421910000 |
Manufacturing,
Exporting |
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
|
Products / Materials
/ Services Description |
Ranking |
Activity |
|
Metal processed
products |
Primary |
Manufacturing,
Exporting |
|
PCB visual
inspectors |
Primary |
Manufacturing,
Exporting |
|
Rinsers |
Primary |
Manufacturing,
Exporting |
|
Ski boots |
Primary |
Manufacturing,
Exporting |
|
Skiing gears |
Primary |
Manufacturing,
Exporting |
|
Snowboard boots |
Primary |
Manufacturing,
Exporting |
CORE BUSINESS DESCRIPTION
|
|
Core Business |
|
|
The primary business
focus of REXXAM CO LTD is Manufacturing - Finished products. Auto lensmeter Car parts Claspers,
automobile Dryer Electronic
products Metal processed
products PCB visual
inspectors Rinsers Ski boots Skiing gears Snowboard boots
Research &
Development (R&D) Manufacturing -
Semi-finished products Manufacturing -
Components Assembly &
packaging Engineering
design After sales
services & maintenance |
|
|
|
|
|
Supplementary Business |
|
|
In addition to
the core business, REXXAM CO LTD also is engaged in the following areas of
business: Exporting Exporting -
Finished products |
DOMESTIC SALES & PURCHASES
|
Annual Sales
Analysis |
Percentage |
|
Domestic Sales |
60% |
|
International
Sales (Export) |
40% |
|
Annual Purchases
Analysis |
Percentage |
|
Local Purchases |
100% |
FINANCIALS - SUMMARY
(Currency: USD -
US Dollar)
|
Year |
Turnover |
Assets |
Net Income |
|
2007 Annual |
375,082,566 |
n/a |
17,999,305 |
|
2008 Annual |
364,701,465 |
n/a |
18,926,023 |
|
2009 Annual |
345,342,237 |
n/a |
19,599,332 |
|
2010 Annual |
450,351,232 |
n/a |
15,275,628 |
|
2011 Annual |
516,220,083 |
n/a |
22,528,616 |
CAPITAL
(Currency: JPY -
Japanese Yen)
|
Share Value |
: |
¥ 50 |
|
No. of
Authorized Shares |
: |
3,904,000 |
|
Paid-up Capital |
: |
¥ 48,800,000 |
FINANCIAL STATEMENT – DETAILED
|
Income Statement |
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Note:
(*) |
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Financial
Highlights |
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Financial Ratios |
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REPUTATION
Reference checking
for the purpose of establishing REXXAM CO LTD's reputation within the
respective industry failed to reveal any adverse information.
NEGA-SCAN - ADVERSE DATA MONITORING
|
DISHONORED
CHECKS |
|
No Record Found |
|
DEBT |
|
No Record Found |
|
CIVIL LITIGATION |
|
No Record Found |
|
PERFORMANCE
DEFAULTS |
|
No Record Found |
|
ADVERSE LOCAL
MEDIA COVERAGE / ADVERSE FILING HISTORY |
No Record Found |
PAYMENT TERMS
|
Selling |
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|
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|
Purchasing |
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BANK DETAILS
|
Bank Name |
: |
BANK OF
TOKYO-MITSUBISHI UFJ LTD, THE |
|
Global
Identifier |
: |
P0006866 |
|
Branch |
: |
Chiyoda-ku,Tokyo |
|
Branch Address |
: |
BANK OF
TOKYO-MITSUBISHI UFJ LTD , THE - MINATO-KU, TOKYO, MITA |
|
SWIFT Code |
: |
BOTKJPJT |
|
|
||
|
Bank Name |
: |
KAGAWA BANK LTD,
THE |
|
Global
Identifier |
: |
P0189060 |
|
Branch |
: |
Takamatsu-shi |
|
Branch Address |
: |
KAGAWA BANK LTD
, THE, OSAKA |
|
SWIFT Code |
: |
KGWBJPJZ |
|
|
||
|
Bank Name |
: |
MIZUHO BANK LTD |
|
Global Identifier |
: |
P0217434 |
|
Branch |
: |
Chiyoda-ku,Tokyo |
|
Branch Address |
: |
MIZUHO BANK LTD
- CHIYODA-KU, TOKYO, 1-1-5 UCHISAIWAICHO |
|
SWIFT Code |
: |
MHCBJPJT |
LOCAL BRANCHES & MANAGEMENT
|
Branch |
: |
REXXAM CO LTD -
TAKAMATSU-SHI, KAGAWA |
|
Branch Address |
: |
958 Ikeuchi
Konan-cho, Takamatsu-shi, Kagawa 7611494 |
|
Branch Tel |
: |
81-87-8793131 |
|
Branch Fax |
: |
81-87-8796837 |
|
|
||
|
Branch |
: |
REXXAM CO LTD -
MEITO-KU, NAGOYA-SHI |
|
Branch Address |
: |
4Fl Hongou Bldg 2-203
Kamisya, Meito-ku, Nagoya-shi, Aichi 4650025 |
|
Branch Tel |
: |
81-52-7603121 |
|
Branch Fax |
: |
81-52-7759130 |
|
Date of
Registration |
: |
2006 |
|
|
||
|
Branch |
: |
REXXAM CO LTD -
NISHI-KU, OSAKA-SHI |
|
Branch Address |
: |
3-2-19 Shinmachi,
Nishi-ku, Osaka-shi, Osaka 5500013 |
|
Branch Tel |
: |
81-6-65328968 |
|
Branch Fax |
: |
81-6-65328915 |
|
|
||
|
Branch |
: |
REXXAM CO LTD -
CHIYODA-KU, TOKYO |
|
Branch Address |
: |
5Fl Suitaya Bldg
2-8-4, Chiyoda-ku, Tokyo 1010084 |
|
Branch Tel |
: |
81-3-32567701 |
|
Branch Fax |
: |
81-3-32567702 |
|
Date of
Registration |
: |
1989 |
RELATED PARTIES
(Subsidiaries ,
Joint-ventures & Affiliates)
|
|
The following provides
a summary of the number of businesses that are related to REXXAM CO LTD: |
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Domestic |
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International |
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SHAREHOLDERS
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COMPANY DIRECTORS
|
1 |
|
|
|
Personal Unique
Identifier |
: |
MI02814817 |
|
Name |
: |
Mr. Hiroyuki
Sumida |
|
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|
2 |
|
|
|
Personal Unique
Identifier |
: |
MI02814814 |
|
Name |
: |
Mr. Shinji Okano |
|
Date of Birth |
: |
5 Jan, 1961 |
|
Registered
Address |
: |
3-15-3 Gein
,Mino-shi ,Osaka 5620026 |
|
Country of
Residence |
: |
Japan |
|
|
||
|
3 |
|
|
|
Personal Unique
Identifier |
: |
MI02814820 |
|
Name |
: |
Mr. Toshio
Tsukada |
|
|
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|
4 |
|
|
|
Personal Unique
Identifier |
: |
MI02814818 |
|
Name |
: |
Mr. Yoshinobu
Ushida |
INTERNATIONAL TRADE - Activity & Markets
|
Country / Region |
Estimated level
of importance |
Trading Activity |
|
Europe |
Medium |
Exporting |
|
Ireland |
Medium |
Exporting |
OVERSEAS CUSTOMERS
|
Business Entity
Name |
Global
Identifier |
Country |
|
REXXAM
ELECTRONICS IRELAND CO LTD |
P3301575 |
Ireland |
DOMESTIC SUPPLIERS
|
Business Entity
Name |
Global
Identifier |
|
DAIKIN
INDUSTRIES LTD |
P0034787 |
|
HOEI DENKI CO
LTD |
P0110260 |
|
KURODA ELECTRIC
CO LTD |
P0239552 |
|
MITSUBISHI CORP |
T0001950 |
|
ROHM CO LTD |
P0007419 |
|
RYODEN TRADING
CO LTD |
P0070187 |
|
TACHIBANA
ELETECH CO LTD |
P0423067 |
DOMESTIC CUSTOMERS
|
Business Entity
Name |
Global
Identifier |
|
DAIKIN
INDUSTRIES LTD |
P0034787 |
|
HITACHI APPLIANCES
INC |
P1306803 |
|
MITSUBISHI
MOTORS CORP |
P0006825 |
|
PANASONIC CORP |
P0003648 |
|
TADANO LTD |
P0070391 |
|
TIGER CORP |
P0270564 |
OFFICE & FACILITIES
|
The following
information relates to the Business Entity's office as listed above: |
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FACTORIES, SIZE, & LOCATIONS
The following information relates
to the Business Entity's factories as listed above:
|
Name |
: |
REXXAM CO LTD -
AYAUTA-GUN, KAGAWA |
|
Address |
: |
1161 Nishibun
Ayagawacho, Ayauta-gun, Kagawa 7612206 |
|
Status |
: |
Operational |
|
|
||
|
Name |
: |
REXXAM CO LTD -
SHOZU-GUN, KAGAWA |
|
Address |
: |
1802-1 Nishimura
Shodoshima-cho, Shozu-gun, Kagawa 7614434 |
|
Status |
: |
Operational |
|
|
||
|
Name |
: |
REXXAM CO LTD -
SHOZU-GUN, KAGAWA |
|
Address |
: |
165 Muro Shodoshima-cho,
Shozu-gun, Kagawa 7614304 |
|
Status |
: |
Operational |
|
|
||
|
Name |
: |
REXXAM CO LTD -
AYAUTA-GUN, KAGAWA |
|
Address |
: |
3601
Yamada-shimo Ayakawa-cho, Ayauta-gun, Kagawa 7612206 |
|
Status |
: |
Operational |
|
|
||
|
Name |
: |
REXXAM CO LTD -
MINAMIUWA-GUN, KAGAWA |
|
Address |
: |
333 Nagao
Manno-cho, Minamiuwa-gun, Kagawa 7660015 |
|
Status |
: |
Operational |
|
|
||
|
Name |
: |
REXXAM CO LTD -
MINAMIUWA-GUN, EHIME |
|
Address |
: |
2500-1 Hiromi Ainan-cho,
Minamiuwa-gun, Ehime 7984406 |
|
Status |
: |
Operational |
QUALITY ACCREDITATION
Quality Accreditation Listings
|
# |
Name |
Accreditation
Category |
|
1 |
INTERNATIONAL
STANDARDS ORGANIZATION (ISO) |
9001 |
|
2 |
EUROPEAN NORM
(EN) |
46001 |
|
3 |
INTERNATIONAL
STANDARDS ORGANIZATION (ISO) |
14001 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
UK Pound |
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.75.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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.