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Report Date : |
11.12.2012 |
IDENTIFICATION DETAILS
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Name : |
JAPAN METEOROLOGICAL AGENCY |
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Registered Office : |
1-3-4 Ohtemachi
Chiyodaku Tokyo 100-8122 |
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Country : |
Japan |
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Year of Establishment : |
1875 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Government Organization |
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Line of Business : |
Subject is engaged in monitoring the earth’s environment and
forecasting natural phenomena related to the atmosphere, the oceans and the
earth, as well as on conducting research and technical development in related
fields |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further 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 in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade
agreements with the EU and others, but debate continues on restructuring the
economy and reining in Japan's huge government debt, which exceeds 200% of GDP.
Persistent deflation, reliance on exports to drive growth, and an aging and
shrinking population are other major long-term challenges for the economy.
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Source : CIA |
JAPAN METEOROLOGICAL AGENCY
Kinshicho
Mr. Mitsuhiko
Hatori, Director-General
1-3-4 Ohtemachi
Chiyodaku Tokyo 100-8122 JAPAN
Tel: 03-3212-8341
*.. The is its division: Meteorological
Satellite Center (MSC) (See below)
URL: http://www.jma.go.jp
E-Mail address: (thru the URL)
The meteorological services in Japan were initiated in 1875 by the Tokyo Meteorological Observatory (TMO) within the Ministry of the Interior. TMO was renamed the Central Meteorological Observatory (CMC) in 1887, and was transferred to the Ministry of Education in 1895. In 1956, CMO became an extra-ministerial bureau of the Ministry of Transport (MOT) under the name of the Japan Meteorological Agency (JMA). In Jan 2001, MOT was reorganized into the Ministry of Land, Infrastructure and Transport (MLIT).
As part of Japan’s government, JMA implements its services with the following ultimate goals in compliance with the Act for Establishment of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and the Meteorological Service Act.
1.
Prevention and mitigation of natural
disasters,
2.
Safety of transportation
3.
Development and prosperity of Industry,
and
4.
Improvement of public welfare
To meet these goals, JMA focuses its efforts on monitoring
the earth’s environment and forecasting natural phenomena related to the
atmosphere, the oceans and the earth, as well as on conducting research and
technical development in related fields.
JMA also engages in international cooperation activities regarding both
meteorology and seismology to meet Japan’s international obligations and to
promote partnerships with national meteorological and Hydrological Services as well
as various related international agencies.
The Meteorological Satellite Center (MSC) is responsible to observe meteorological and the related phenomena from space by meteorological satellites, to process the observational data and to disseminate the data and products resulted from the observations.
The Major activities of MSC are as follows:
1.
To operate the meteorological payload
of the Multi-Functional Transport Satellite (MTSAT)
2.
To observe cloud image by MTSAT
3.
To disseminate cloud pictures via MTSAT
4.
To receive and to distribute
meteorological reports transmitted from Data Collection Platforms (DCP),
5.
To extract meteorological parameters,
and
6.
To receive and process the data of
polar orbiting satellites
The annual budget for JMA is reported at Yen 1,044
million.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
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UK Pound |
1 |
Rs.87.09 |
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Euro |
1 |
Rs.70.13 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.