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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SS UNIT CO LTD |
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Registered Office : |
Salute Bldg 10F, 72 Yoshidamachi Nakaku Yokohama 231-0041 |
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Country : |
Japan |
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Date of Incorporation : |
July, 2006 |
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Com. Reg. No.: |
0200-01-047908 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of security systems (monitoring cameras,
other) |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
SS UNIT CO LTD
KK S S Unit
Salute Bldg 10F, 72 Yoshidamachi Nakaku Yokohama 231-0041 JAPAN
Tel: 045-250-0680
Fax: 045-250-0681
E-Mail address: info@ss-unit.co.jp
Import, export, wholesale of security systems (monitoring cameras,
other)
Nil
Taiwan (partners)
(subcontracted)
YASUNORI UCHIKADO, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES UNDETD A/SALES Yen 200 M*
PAYMENTS UNKNOWN CAPITAL Yen
10 M
TREND UNDETD WORTH Yen
10 M**
STARTED 2006 EMPLOYES 5
*.. Only estimated as the firm does not disclose financials; **..
expressed by the paid in capital
TRADING FIRM SPECIALIIZNG IN SECURITY SYSTEMS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS,
WHICH THE FIRM DOES NOT DISCLOSE
This is a trading firm established by Yasunori Uchikado. It imports and exports security systems,
monitoring cameras, security cameras, DVD, other. Has partners in Taiwan for mfg and processing
works. Goods are imported and
exported. The firm does not disclose any
of its financials. It is only estimated
that the annual turnover is around Yen 200 million, but these figures are not
verified. Taiwan partners include:
Genius Vision Digital Inc, Messoa Technologies Inc, Compro Technology Inc,
other
Date Registered: Jul
2006
Regd No.: 0200-01-047908
(Yokohama-Nakaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders
(%): Yasunori Uchikado (100)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales security systems, such as monitoring cameras, security cameras,
DVD, other (--100%)
Payment record: Unknown
Location: Business area in
Yokohama. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Yokohama)
Relations: Money deposits & transfers only
(In Million Yen)
UNDISCLOSED AND
UNAVALABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
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|
1 |
Rs.83.77 |
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Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.