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Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
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Name : |
UNICARRIERS CORPORATION |
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Registered Office : |
Bellport E, 6-22-7 Minami-O’I Shinagawaku
Tokyo 140-0013 |
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Country : |
Japan |
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Date of Incorporation : |
March 2013 |
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Com. Reg. No.: |
Not available |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of forklift, material handling equipment |
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No. of Employees : |
4700 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New business |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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 |
UNICARRIERS CORPORATION
Unicarriers KK
Bellport E, 6-22-7
Minami-O’I Shinagawaku Tokyo 140-0013 JAPAN
Tel: 03-6730-3100 Fax: 03-6730-3101
URL: http://www.unicarriers.co.jp
E-Mail address: (thru the URL)
Mfg of
forklift, material handling equipment
Yokohama,
Shiga, Hiroshima
China,
Thailand, USA, Mexico, Netherlands, Germany, Spain (2), Sweden
Shiga,
Zama, Totsuka, Hiroshima; USA, Sweden, Spain, China
SATORU
OMORI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 160,000 M*
PAYMENTSUnknown
CAPITAL Yen 9,760 M
TREND UNDETD WORTH Yen
9,760 M**
STARTED 2013 EMPLOYES 4,700
*..
Sales target for the initial one year term; **.. Expressed by the paid-in
capital
MFR OF FORKLIFTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of integration of TCM Corp and Nissan Forklift Co Ltd. The integration agreement was closed in Aug 2012, with the integration scheduling in Apr 2014. However, it was decided to carry out the integration one year ahead of the original schedule and set its effective date as Apr 1st 2013. At the same time a holding company was set up, UniCarriers Holding Corp (See REGISTRATION). This is a specialized mfr of forklifts, other equipment & systems for material handling, other (See OPERATION).
Sales are targeted at Yen 160,000 million for the initial one year term
ending Mar 2014.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Mar 2013
Regd No.: ^
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
12,800 shares
Issued:
3,200 shares
Sum: Yen 160,000 million
Major shareholders (%):
UniCarriers Holding Corporation* (100)
*.. Holding company at the caption address, comprising of
Network Corp of Japan (53.3%), Hitachi Construction machinery Co Ltd (26.7%)
and Nissan Motor Co Ltd (20%).
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures forklifts, other
equipment & system for material handling (--100%)
(Mfg items): forklift trucks,
warehouse trucks, skid steer loaders, shovel loaders, container handling
systems, special machineries, forklift attachments, other
Clients: Mfrs,
wholesalers, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: Mfrs,
wholesalers, other
Payment record: Unknown
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Corporate Bank (H/O)
SMBC
(H/O)
Relations:
Satisfactory
(In Million Yen)
NOT YET MADE AVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
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 |
|
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 |
|
---- |
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.