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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
BHP INDUSTRIES CO LTD |
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Registered Office : |
Maki Bldg 3F, 301-2-22 Toyotsucho Suita Osaka-Pref |
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Country : |
Japan |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
May 1983 |
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Com. Reg. No.: |
1209-01-007966 (Osaka-Itami) |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, wholesales and retails house wares, kitchen wares
(scissors), stationery sets, kitchen tools, apparel, other, operates an
Indian restaurant |
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No. of Employees : |
53 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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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 – March 31st,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
BHP INDUSTRIES CO
LTD
KK Bhasin
International
Maki Bldg 3F,
301-2-22 Toyotsucho Suita Osaka-Pref JAPAN
Tel:
06-6338-1185 Fax: 06-6338-1591
E-Mail
address: bhasin@bhasin.co.jp
Import, wholesale, retail of house ware, kitchen ware,
apparel, operation of Indian restaurant
Osaka
(3), Suita
P H
BHASIN, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,900 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 15 M
TREND UP WORTH Yen 3,045 M
STARTED 1983 EMPLOYES 53
TRADING FIRM SPECIALIZING IN KITCHEN WAR, APPAREL, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established by P H Bhasin, an Indian resident; in order t make most
of his experience in the subject line of business. This is a trading firm for import and
wholesale of house ware, kitchen ware, apparel, stationery, other. Goods are imported from Taiwan, China, Hong
Kong, India, Thailand, other. Operates an
Indian restaurant in Suita City.
Clients include 100 Yen shops, wholesalers, other. Goods are also sold online.
Financials are only partially disclosed.
The sales volume for Feb/2013 fiscal term amounted to Yen
2,900 million, a similar amount in the previous term. The net profit was posted at Yen 145 million,
compared with Yen 150 million a year ago.
For the current term ending Feb/2014 the net profit is
projected at Yen 150 million, on a 3% rise in turnover, to Yen 3,000 million.
The financial situation is considered
FAIR and good for ORDINARY business engagements.
Date Registered: May 1983
Regd No.: 1209-01-007966
(Osaka-Itami)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,200 shares
Issued:
300 shares
Sum: Yen
15 million
Major shareholders
(%): P H
Bhasin (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports, wholesales and retails house
wares, kitchen wares (scissors), stationery sets, kitchen tools, apparel,
other, operates an Indian restaurant (--100%)
Clients: [Mfrs, wholesalers] Daiso Sangyo (100
Yen shop operator), other to wholesalers, consumers (online), other
No. of
accounts: 200
Domestic
areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Imports from
India, Taiwan, China, Hong Kong, Thailand, other
Payment record: No
Complaints
Location:
Business area in Itami. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Esaka)
Mizuho
Bank (Esaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/05/2013 |
31/05/2012 |
29/02/2012 |
28/02/2011 |
|
Annual
Sales |
|
3,000 |
2,900 |
2,900 |
2,700 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
150 |
145 |
150 |
135 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
3,045 |
2,900 |
2,750 |
|
Capital,
Paid-Up |
|
|
15 |
15 |
15 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.45 |
0.00 |
7.41 |
1.89 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
5.00 |
5.00 |
5.17 |
5.00 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
UK Pound |
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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 |
|
<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.