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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
DENSHI TRADE CO
LTD |
|
|
|
|
Registered Office : |
Esquire
Hamadayaam Bldg 2F, 4-12-1 Hamadayama Suginamiku Tokyo
168-0065 |
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|
|
|
Country : |
Japan |
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|
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Financials (as on) : |
31.07.2011 |
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|
|
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Date of Incorporation : |
Nov
1993 |
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|
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Com. Reg. No.: |
(Tokyo-Suginamiku)
004595 |
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|
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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|
|
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Line of Business : |
Import,
export, wholesale of electronic products & components |
|
|
|
|
No. of Employees : |
16 |
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 – 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 |
DENSHI TRADE CO LTD
REGD NAME: Denshi
Tsuho KK
MAIN OFFICE: Esquire
Hamadayaam Bldg 2F, 4-12-1 Hamadayama Suginamiku Tokyo
168-0065 JAPAN
Tel: 03-5377-3638 Fax: 03-5377-4890
URL: http://www.denshi-trade.co.jp
E-Mail
address: info@denshi-trade.co.jp
Import,
export, wholesale of electronic products & components
Nil
(subcontracted)
NOBUMASA
YAMADA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 300 M
PAYMENTS Slow but correct CAPITAL Yen 30 M
TREND UP WORTH Yen 68 M
STARTED 1993 EMPLOYES 16
TRADING FIRM SPECIALIZING N ELECTRONIC PRODUCTS & COMPONENTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by Nobumasa Yamada in order to make most of his
experience in the subject line of business.
This is a trading firm specializing in electronic products &
components. Products are both imported
and exported. Exports to: Philippines,
Singapore, Thailand, Germany, other.
Clients include electronics makers, wholesalers, other.
Financials
are only partially disclosed.
The sales volume for Jul/2011
fiscal term amounted to Yen 300 million, a 15% up from Yen 260 million in the
previous term. Exports rose. The net profit was posted at Yen 3 million,
compared with Yen 2 million a year ago.
For the
current term that ended Jul 2012 the net profit was projected at Yen 3 million,
on a 3% rise in turnover, to Yen 310 million.
Final results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Nov
1993
Rags No.: (Tokyo-Suginamiku) 004595
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,400 shares
Issued:
600 shares
Sum: Yen 30 million
Major shareholders (%): Nobumasa Yamada (80), Tohru
Yamada (10), Yuri Yamada (10)
No. of shareholders:
3
Nothing
detrimental is known as to his commercial morality.
Activities: Imports, exports and wholesale of
electronic products & components: thermoelectric cooling module, switching power
supply, AC adapter. DC/AC inverters. DC fans, LED/LCD electronics, IC sockets,
connectors, cord bushing, solar panels, polymide tape, other (--100%)/
Clients: [Mfrs, wholesalers] Yokogawa Electric
Corp, Hioki Electronic Corp, Yupiteru Corp, Otsuka Electronics Corp, Yamato Co,
Avant Co, Kohshin Electric, Taiyo Electronics Co, other
Exports to Philippines,
Singapore, Thailand, Germany, other
No. of
accounts: 300
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Seconic Corp,
Technos Corp, Manual Trading, Sandox Co, Four Pillars Co, Midori Anzen Co,
Hanaki Shoji, Achiles Corp other.
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Hamadayama)
MUFG
(Eifukucho)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
|
Annual
Sales |
|
310 |
300 |
260 |
260 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
3 |
3 |
2 |
2 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
68 |
65 |
63 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.33 |
15.38 |
0.00 |
-3.70 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.97 |
1.00 |
0.77 |
0.77 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/07/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.00 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.