|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANPOH BUSSAN CO LTD |
|
|
|
|
Registered Office : |
Tanaka Bldg 4F, 5-3-4 Sotokanda Chiyodaku
Tokyo 101-0021 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
October 1973 |
|
|
|
|
Com. Reg. No.: |
0100-01-130492 (Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Export of steel products, steel scraps, industrial
machinery parts |
|
|
|
|
No. of Employees : |
07 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
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) |
|
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 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.
|
Source : CIA |
SANPOH BUSSAN CO LTD
Sanpoh Bussan KK
Tanaka Bldg 4F,
5-3-4 Sotokanda Chiyodaku Tokyo 101-0021 JAPAN
Tel:
03-5812-4858 Fax: 03-3836-6935
URL: N/A
Export
of steel products, steel scraps, industrial machinery parts, other
Nil
HISASHI
YAMAGUCHI, PRES
Kosuke
Nakamura, ch
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 2,200 M
PAYMENTSSlow but Correct CAPITAL Yen
10 M
TREND UP WORTH Yen 68 M
STARTED 1973 EMPLOYES 7
EXPORTER OF STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Kosuke Nakamura in order to make most of his experience in the subject line of business. This is a trading firm specializing in exporting steel products, steel scraps, industrial machinery parts & accessories, other. Exporting countries are centrally China and S/E Asia.
Financials are only partially disclosed.
The sales volume for Sept/2011 fiscal term amounted to Yen 2,200 million, a 120% up from Yen 1,000 million in the previous term. Export to China increased robust construction and building projects in the country. One large construction company was acquired there, as reported. The net profit was posted at Yen 28 million, compared with Yen 12 million a year ago.
For the term that ended Sept 2012 the net profit was projected at Yen 30 million, on a 5% rise in turnover, to Yen 2,300 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.
Date Registered: Oct 1973
Regd No.: 0100-01-130492 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Akashi Yamaguchi (90), Kosuke
Nakamura (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports steel products (plates, sheets, pipes, valves, other), industrial machinery parts (aluminum stamped & pressed products), others (--100%)
Clients: [Mfrs, wholesalers] Exports to China, Pakistan, Korea, S/E Asia, Mid East, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Yamazaki Co, Kubota Shindo Co, other
Payment record: Slow but Correct
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Kudan)
SMBC (Kanda)
Relations:
Money deposits and transfers only
(In Million Yen)
|
|
|
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
|
Annual
Sales |
|
2,300 |
2,200 |
1,000 |
120 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
30 |
28 |
12 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
68 |
40 |
28 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.55 |
120.00 |
733.33 |
-25.00 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
1.30 |
1.27 |
1.20 |
0.83 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.