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Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
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Name : |
ASIAMIX JAPANT LTD |
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Formerly Known as: |
Lohas Print Inc |
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Registered Office : |
7-3-5 Nishiarai Adachiku Tokyo 123-0841 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
June 1964 |
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Com. Reg. No.: |
0118-01-006352 (Tokyo-Adachiku) (Registered under Lhasa Print Inc) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of printing
chemicals for offset printing |
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No. of Employees : |
28 |
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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Maximum Credit Limit : |
Yen 24.4 Million |
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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.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source : CIA |
ASIAMIX JAPANT LTD
(Name changed on
01/04/2013 from Lohas Print Inc)
Asiamix Japan KK
7-3-5 Nishiarai
Adachiku Tokyo 123-0841 JAPAN
Tel:
03-3856-5111 Fax: 03-3856-5120
URL: http://www.lohas-print.com (new
website under construction)
E-Mail address: info@lohas-print.com
Mfg of
printing chemicals for offset printing, other
Osaka, Nagoya, Fukuoka, Kanazawa
Korea,
China (2), Hong Kong
Higashi-Matsuyama
(Saitama-Pref)
KATSUNORI
SHOJI, PRES Takahiri Koyama, s/mgn
dir
Hiroyasu
Fuchu, dir Makoto
Nakamura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,025 M
PAYMENTSNo
Complaints CAPITAL Yen
30 M
TREND UP WORTH Yen 336 M
STARTED 1964 EMPLOYES 28
MFR OF OFFSET PRINTING INKS & CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 24.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Nobuyuki Shoji in order to make most of his experience in the subject line of business. Katsuhiro is his son, who took the pre office in Jul 2005. This is a specialized mfr of offset printing inks & chemicals, cleaning agents, other. Operates four overseas offices: China (2), Korea and Hong Kong. Exports to about 250 companies overseas. The firm renamed as captioned from Lohas Print Inc on 01/04/2013, with website under construction and the registration not yet completed. Domestic clients include ink mfrs, printing companies, other.
Financials are only partially disclosed.
The sales volume for Dec/2012 fiscal term amounted to Yen 1,025 million, a slight down from Yen 1,028 million in the previous term. Exports were hurt by the high Yen, decreasing earnings in Yen terms. The net profit was posted at Yen 6 million, similarly in the previous term.
For the current term ending Dec 2013 the net profit is projected at Yen 8 million, on a 2% rise in turnover, to Yen 1,050 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 24.4 million, on 30 days normal terms.
Date Registered: Jun
1964
Regd No.: 0118-01-006352 (Tokyo-Adachiku) (Registered
under Lhasa Print Inc)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders (%): Nobuyuki Shoji (26), Katsunori
Shoji (12), Company’s Treasury Stock (8), Ine Shoji (7), Keiko Shoji (6)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures offset printing inks & chemicals, cleaning agents, others (--100%)
Good are exported to about 250 companies worldwide
Clients: [Mfrs, wholesalers] Dainichiseika Colors & Chemicals Mfg, Toyo Ink Ind, Kyoto Printing, Tokyo Ink, Toppan Printing, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Dainichiseika Colors & Chemicals Mfg, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Dozaka)
MUFG
(Senju-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
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31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual
Sales |
|
1,050 |
1,025 |
1,028 |
987 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
8 |
6 |
6 |
6 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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|
336 |
330 |
324 |
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Capital,
Paid-Up |
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|
30 |
30 |
30 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.44 |
-0.29 |
4.15 |
-0.90 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.76 |
0.59 |
0.58 |
0.61 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
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UK Pound |
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.