MIRA INFORM REPORT

 

 

Report Date :

18.04.2013

 

IDENTIFICATION DETAILS

 

Name :

JASTI CO LTD

 

 

Registered Office :

2-4-3 Miyoshi Kotoku Tokyo 135-0022

 

 

Country :

Japan

 

 

Date of Incorporation :

January 1994

 

 

Com. Reg. No.:

0106-01-022295 (Tokyo-Kotoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of crash test dummy calibration test system

 

 

No. of Employees :

20

 

 

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 :

Unknown

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 small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan 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 and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 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 2012. The new government will continue a longstanding debate 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

 

 

Company name

 

JASTI CO LTD

 

 

REGD NAME

 

KK Jasti

 

MAIN OFFICE

 

2-4-3 Miyoshi Kotoku Tokyo 135-0022 JAPAN

Tel: 03-5245-3661     

Fax: 03-5245-8596

 

URL:                             http://www.jasti.jp

E-Mail address:                        o.kobayashi@jasti.jp

 

 

ACTIVITIES  

 

Mfg of crash test dummy calibration test system

 

 

BRANCHES   

 

Shizuoka

 

OVERSEAS   

 

USA, Europe, Korea, China, India, Malaysia, Brazil, other (--agent dealers)

 

 

FACTORIES

 

Shizuoka

OFFICERS

 

YOSHIHIRO OZAWA, PRES      Shuji Ono, dir

Sadao Ono, dir                          Yoko Ozawa, dir           

           

Yen Amount:      In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD           A/SALES          Yen Unavailable M*

PAYMENTS                   Unknown       CAPITAL           Yen 20 M

TREND             UNDETD           WORTH            Yen Unavailable M*

STARTED                      1994                 EMPLOYES      20

                        *.. The firm does not disclose financials and declined to do so.

 

 

COMMENT    

 

MFR OF CRASH TEST DUMMY CALIBRATION TEST SYSTEM.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS, WHICH THE FIRM DECLINED TO DISCLOSE.

 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON.

 

 

HIGHLIGHTS

 

The subject company was established by Yoshihiro Ozawa in order to make most of his experience in the subject line of business.  This is a specialized mfr of car crash dummy calibration test systems, anthropomorphic test devices (ATD), head form impactors for pedestrian safety, other.  Clients are automotive mfrs, automotive parts mfrs, other.

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed and the firm declined to disclose them.  No outside data are available.

 

The financial situation is UNDETERMINED due to the lack of proven business, which the firm declined to disclose them.  Max credit limit is unable to be assessed due to the same reason.

 

 

REGISTRATION

 

Date Registered:  Jan 1994

Regd No.:         0106-01-022295 (Tokyo-Kotoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,600 shares

Issued:                400 shares

Sum:                   Yen 20 million

 

Major shareholders (%): Yoshihiro Ozawa (100)

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures car crash test dummy calibration test system, anthropomorphic test devices (ATD), head form impactors for pedestrian safety, calibration test equipment, other (--100%)

 

Clients: Automotive mfrs, automotive parts mfrs, other 

            No. of accounts: 100

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Cellbond Inc, TRL, MGA, Net Shape, other

 

Payment record: Unknown 

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Fukagawa)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

FINANCIALS ARE NOT DISCLOSED AND UNAVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.94

UK Pound

1

Rs.82.77

Euro

1

Rs.71.05

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.