|
Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHUTTLE CORPORATION |
|
|
|
|
Registered Office : |
Soho 1301, 2-7-4
Aomi Kotoku Tokyo 135-0064 |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
31.07.2012 |
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|
|
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Date of Incorporation : |
March
2004 |
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|
|
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Com. Reg. No.: |
0106-01-041449
(Tokyo-Kotoku) |
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|
|
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Import,
wholesale of industrial waste crushing machines |
|
|
|
|
No. of Employees : |
09 |
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 : |
No Complaints |
|
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 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
SHUTTLE CORPORATION
KK Shuttle
SOHO 1301, 2-7-4 Aomi
Kotoku Tokyo 135-0064 JAPAN
Tel:
03-6457-1772
Fax: 03-5530-0330
URL: http://www.shuttle-inc.jp
E-Mail address: shuttle@shuttle-inc.jp
Import,
wholesale of industrial waste crushing machines
Chitose,
Takigawa, Nagasaki
Yokohama
(warehousing)
ROBERT
J MALVINSKY, PRES (Only phonetically spelled)
Richard
K Malvinsky, dir
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES R/WEAK A/SALES Yen
850 M
PAYMENTS No
Complaints CAPITAL Yen 20 M
TREND UP WORTH Yen 3 M
STARTED 2004 EMPLOYES 9
IMPORTER OF INDUSTRIAL WASTE CRUSHERS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Robert J Malvinsky in order to make most of his experience in the subject line of business. This is a trading firm for importing industrial waste crushers, steel scrap shredders, waste disposal facilities/equipment, other. Clients include heavy machinery mfrs, steel wholesalers, general trading houses, other, nationwide.
The sales volume for July/2011 fiscal term amounted to Yen
850 million, a 49% up from Yen 572 million in the previous term. Demand rose sharply particularly after the
Great East Japan Earthquake that occurred in Mar 2011. The recurring profit was posted at Yen 13
million and the net profit at Yen 12 million, respectively, compared with Yen
37 million recurring loss and Yen 33 million net losses, respectively, a year
ago.
For the term that ended July 2012 the recurring profit was projected at Yen 15 million and the net profit at Yen 15 million, respectively, on a 3% rise in turnover, to Yen 875 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: Mar 2004
Regd No.: 0106-01-041449 (Tokyo-Kotoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20 million
Major shareholders (%): Robert J Malvinsky (50)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales: industrial waste crushers, steel scraps shredders, waste disposal facilities/equipment, and other facilities designed for waste disposal (--100%).
Clients: [Mfrs, wholesalers] Toko Metal Co, Suzuki Shokai Inc, Matec Inc, Makiura Steel Work Co, Fujitex Corp, Toyota Tsusho Corp, Mitsubishi Heavy Ind, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Liebherr (Switz) (41.3%), MG Steinert Japan, ABZ, Bergmann, Erdwich, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG (Toranomon)
North
Pacific Bank (Chitose-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
|
|
Annual
Sales |
|
875 |
850 |
572 |
901 |
|
Recur.
Profit |
|
15 |
13 |
-37 |
|
|
Net
Profit |
|
15 |
12 |
-33 |
1 |
|
Total
Assets |
|
|
446 |
385 |
270 |
|
Current
Assets |
|
|
407 |
362 |
|
|
Current
Liabs |
|
|
382 |
325 |
|
|
Net
Worth |
|
|
3 |
-8 |
24 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.94 |
48.60 |
-36.51 |
21.10 |
|
|
Current Ratio |
|
.. |
106.54 |
111.38 |
.. |
|
N.Worth Ratio |
.. |
0.67 |
-2.08 |
8.89 |
|
|
R.Profit/Sales |
|
1.71 |
1.53 |
-6.47 |
.. |
|
N.Profit/Sales |
1.71 |
1.41 |
-5.77 |
0.11 |
|
Notes:
Forecast (or estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.89 |
|
UK Pound |
1 |
Rs.88.63 |
|
Euro |
1 |
Rs.70.03 |
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.