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Report No. : |
342002 |
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Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
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Name : |
NOMURA TRADING CO LTD |
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Registered Office : |
1-7-3 Azuchimachi Chuoku Osaka 541-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
June, 1976 |
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Com. Reg. No.: |
1200-01-074101 (Osaka-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export and wholesale of livestock products, farm & marine
products, textiles |
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No. of Employees : |
235 |
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.
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 |
NOMURA TRADING CO LTD
REGD NAME: Nomura
Boeki KK
MAIN OFFICE: Hulic
Kamiyacho Bldg 7F, 4-3-13 Toranomon Minatoku Tokyo 105-0001 JAPAN
Tel: 03-3438-7600 Fax: 03-3438-7625
*.. The is one of its subsidiaries/group
firms
*.. Registered at:
1-7-3 Azuchimachi Chuoku Osaka 541-0052 JAPAN
URL: http://www.nomuratrading.co.jp/
E-Mail address: info@nomuratrading.co.jp
Import, export,
wholesale of livestock products, farm & marine products, textiles
Tokyo, Fukuoka
(Branch Offices): Singapore, Frankfurt, Seattle, Taipei, Kaohsiung
(Rep Offices): Sydney, Ho Chi Minh, Hanoi, Beijing, Dalian
(Affiliated): Yangon, Medan, Rio Janeiro
(JV’s): China (5), Hong Kong, Indonesia (5), Laos, Thailand (6), Vietnam
(4)
(Invested Enterprises): China (3), Indonesia (3), Thailand (5), Vietnam
(5),
Germany (1)
KATSUSHIGE MIYASHITA, PRES Hideo
Fujita, mgn dir
Shizuya Shimoji, dir Akira Sumida, dir
Ryoji Yuasa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 87,094 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 2,500 M
TREND UP WORTH Yen 4,950 M
STARTED 1976 EMPLOYES 235
TRADING HOUSE SPECIALIZING IN FOODSTUFFS, APPAREL, OTHERS, OWNED BY NOMURA TRADING HOLDINGS CO LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established originally in 1917 by Tokushichi Nomura in order to
make most of his experience in foreign
trading, on his account. This is a trading house specializing in import,
export and wholesale of foods, apparel, industrial materials, other. In Apr 2002, due to financial difficulties
the firm transferred its business rights to Alton Shoji KK (Shoji means
trading), and restructured by forming a holding company, Nomura Trading
Holdings Co Ltd, at the caption
address. The corporate name survived as captioned. In Apr 2005, integrated business structure
into three major business units: Food Business Units (Farm/Marine/Livestock
business); Consumer Products Business Unit (Apparel, Housing, Building
Materials business) and Industrial Business Unit (Materials, Chemical,
Machinery & Electronics). Operates 24
overseas JV enterprises/affiliates.
The sales volume for
Mar/2015 fiscal term amounted to Yen 87,094 million, a 9% up from Yen 79,896
million in the previous term. The
recurring profit was posted at Yen 955 million and the net profit at Yen 620
million, respectively, compared with Yen 1,140 million recurring profit and Yen
711 million net profit, respectively, a year ago.
For the current
term ending Mar 2016 the recurring profit is projected at Yen 1,200 million and
the net profit at Yen 850 million, respectively, on a 5% rise in turnover, to
Yen 91,500 million.
The financial
situation is considered maintained FAIR and good for ORDINARY business
engagements.
Date
Registered: Jun 1976
Regd
No.: 1200-01-074101
(Osaka-Chuoku)
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 8 million shares
Issued: 2 million shares
Sum:
Yen 2,500 million
Major
shareholders (%): Nomura Trading Holdings Co Ltd*(100)
*.. Holding company, founded 2002, at the
caption address
Nothing detrimental is known as to the commercial
morality of executives.
Activities: Imports, exports
and wholesales foods, consumer goods, industrial machinery & materials,
others:
(Sales breakdown
by divisions):
Food Business Unit
(37.5%): Agricultural products (coffee beans, grains, edible oils, spices, preparation with cocoa, sugar, milk),
Marine products (mackerel, capelin, horse mackerel, herring, salmon, other),
Animal products (meat, sausages, hams, other meat products), Wellness goods
(medical materials, health foods, food additives, collagen, placenta, pet
foods);
Consumer Products
Unit (18.9%): Apparel (garments for men & women, kids wear, young casual wear,
sportswear, brands goods). Household goods (bedding, furniture, home appliances,
kitchen utensils, brand name ceramics, plywood, jointed wood, lumber, home
improvement store materials, office furniture), Building materials
(construction materials, interior fixtures, wood floor materials);
Industrial
business Unit (43.6%): machine tools, plastic injection molding machines,
knockdown parts for gasoline dispensing pumps, wind power generators,
environmental equipment, inspection machines for mobile phones & LCD
displays, elastomers, iron ore, cement clinker, blast furnace slag, zinc powder,
mercury, manganese, plastics, dye pigments, other,
Overseas Trading
Ratio (90%): Asia 65%; other regions 25%
Clients: [Meat packers,
food processors, wholesalers] KK Nosui (4.5%), Hasec Inc (3.4%), S Foods
(3.1%), Nishikawa Kyoto (2.2%), Kaneha Co (1.8%), other
No.
of accounts: 800
Domestic
areas of activities: Nationwide
Suppliers: [Chemical mfrs,
wholesalers] Tube-Mitsubishi Cement Corp (6.7%), Tatsuta Wire & Cable
(4.8%), Brother Ind (3.1%), other.
Payment
record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased
and maintained satisfactorily.
Bank
References:
Resona Bank (Tokyo)
Mizuho Bank (Yaesuguchi)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
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Annual
Sales |
|
91,500 |
87,094 |
79,896 |
72,749 |
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Recur.
Profit |
|
1,200 |
955 |
1,140 |
1,434 |
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Net
Profit |
|
850 |
620 |
711 |
1,016 |
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Total
Assets |
|
|
30,844 |
30,280 |
26,931 |
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Current
Assets |
|
|
27,920 |
27,547 |
24,494 |
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Current
Liabs |
|
|
24,015 |
24,083 |
21,005 |
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Net
Worth |
|
|
4,950 |
4,802 |
4,903 |
|
Capital,
Paid-Up |
|
|
2,500 |
2,500 |
2,500 |
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Div.Ttl
in Million (¥) |
|
|
711.29 |
711.808 |
711.808 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.06 |
9.01 |
9.82 |
-8.78 |
|
Current Ratio |
|
.. |
116.26 |
114.38 |
116.61 |
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N.Worth Ratio |
|
.. |
16.05 |
15.86 |
18.21 |
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R.Profit/Sales |
|
1.31 |
1.10 |
1.43 |
1.97 |
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N.Profit/Sales |
|
0.93 |
0.71 |
0.89 |
1.40 |
|
Return On Equity |
|
.. |
12.53 |
14.81 |
20.72 |
Notes: Forecast figures for the 31/03/2016 fiscal
term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.93 |
|
|
1 |
Rs.102.75 |
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Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.