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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
SUZUKI FIBER CORPORATION |
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Registered Office : |
4944-13 Izumicho Izumiku Yokohama 245-0016 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
February 1979 |
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Com. Reg. No.: |
0200-02-043224 (Yokohama-Izumiku) |
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Legal Form : |
Private Limited Company (Yugen Kaisha) |
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Line of Business : |
Export of old clothing, waste paper pulp, other |
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No. of Employees : |
55 |
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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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 |
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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
SUZUKI FIBER CORPORATION
REGD NAME: YK
Suzuki Kosen’i
MAIN OFFICE: 4944-13
Izumicho Izumiku Yokohama 245-0016 JAPAN
Tel:
045-802-6805 Fax: 045-804-7009
URL: http://www.recycle-suzuki.co.jp
E-Mail address: (thru the URL)
Export of old
clothing, waste paper pulp, other
Nil
At the caption
address (2) (Work house)
SATOKO OZAWA, PRES
Isao Suzuki, ch
Kaneyo Suzuki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 310 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 125 M
STARTED 1979 EMPLOYES 55
TRADING FIRM SPECIALIZING IN OLD CLOTHES, WASTE PAPER PULP.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was
established by Isao Suzuki in order to make most of his experience in the
subject line of business. This is a trading
firm for export of secondhand clothing, waste paper pulp, other. Wastepaper pulps and wastes materials (felt,
industrial waste) are wholesaled domestically, too. Old clothes are sorted and bundled at its own
workplace at the caption address. Total
shipment per year is 10,000 tons.
Exports are into China, S/E Asian countries.
Financials are only
partially disclosed.
The sales volume for Aug/2012 fiscal term amounted
to Yen 310 million, a similar amount in the previous term. Exports were hurt by the high Yen, reducing
revenues in Yen terms. The net profit
was posted at Yen 15 million, similarly in the previous term.
For the current term
ending Aug 2013 the net profit is projected at Yen 16 million, on a 3% rise in
turnover, to Yen 320 million. Weaker Yen
may help to increase export revenues in Yen terms.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
Date Registered: Feb 1979
Regd No.:
0200-02-043224 (Yokohama-Izumiku)
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 10 million
Major shareholders (%): Isao Suzuki &
families (--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports
secondhand clothing & textile goods, waste paper pulp; wholesales waste
paper pulp, industrial wastes, wastes materials, others (--100%)
Clients: [Mfrs,
wholesalers] Oji Paper, Ojimateria Co, Yamamuro Co, Nakashima Shokai Co,
Sakurai Shouji Co, other.
Exports to S/E Asian countries
No. of accounts:
200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sakano Kogyo Co, Yamamuro Co Ltd, other
Payment record: No Complaints
Location: Business area in
Yokohama. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Bank of Yokohama
(Izumi)
SMBC
(Higashi-Totsuka)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
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Annual
Sales |
|
320 |
310 |
310 |
300 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
16 |
15 |
15 |
12 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
125 |
115 |
100 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.23 |
0.00 |
3.33 |
-3.23 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
5.00 |
4.84 |
4.84 |
4.00 |
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Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
-- |
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.