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Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
EBINO DAIMARU CO LTD |
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|
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Registered Office : |
Toyoshima Daini Bldg 203, 4-1-16
Hachimandori Chuoku Kobe 651-085 |
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Country : |
Japan |
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|
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Financials (as on) : |
30.06.2013 |
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|
|
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Date of Incorporation : |
February 1990 |
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|
|
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, wholesaler of raw fish |
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|
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No. of Employees : |
61 |
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 |
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Payment Behaviour : |
Slow but Correct |
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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 |
|
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 |
EBINO DAIMARU CO LTD
Ebino Daimaru KK
Toyoshima Daini
Bldg 203, 4-1-16 Hachimandori Chuoku Kobe 651-085 JAPAN
Tel:
078-261-8937 Fax: 078-252-2370
URL: http://www.ebinodaimaru.co.jp
E-Mail address: (thru the URL)
Import,
wholesale of raw fish
Tokyo,
Utsunomiya
Myanmar,
India, Hong Kong, China
Tokyo
(warehousing)
OSAMU
TANIBUCHI, PRES Toshio Miyazaki, dir
Kazuo
Kuragata, dir Miwako
Tanibuchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,400 M
PAYMENTSSlow but Correct CAPITAL Yen 10 M
TREND SLOW WORTH Yen 102 M
STARTED 1990 EMPLOYES 61
TRADING FIRM SPECIALIZING IN RAW FISH.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Osamu Tanibuchi on the basis of
reorganizing two firms. This is a
trading firm for import and wholesale of raw fish (frozen & chilled),
other. Goods are imported from Myanmar,
India, China, Indonesia, Vietnam, Thailand, other. Clients include hotels, restaurants, fishery
companies, other
Financials are only partially disclosed.
The sales volume for Jun/2012 fiscal term amounted to Yen 3,400 million,
a 3% down from Yen 3,500 million in the previous term. High Yen hurt sales in Yen terms. The net profit was posted at Yen 12 million,
compared with Yen 7 million net losses a year ago.
For the term that ended Jun 2013 the net profit was projected at Yen 15
million, on a 4% rise in turnover, to Yen 3,550 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb
1990
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Osamu
Iwabuchi (70), Toshio Miyazaki (30)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales raw fish (frozen, chilled, other), other (--100%)
Clients: [Mfrs,
wholesalers] Yokorei Co, Benirei Corp, Nichirei Flesh, other
No. of accounts: 200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from: China, India, Myanmar, Indonesia, Vietnam, Thailand,
other
Payment record: Slow but Correct
Location: Business area in
Kobe. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Minato
Bank (H/O)
SMBC
(Sannomiya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
Annual
Sales |
|
3,550 |
3,400 |
3,500 |
3,270 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
15 |
12 |
-7 |
15 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
102 |
90 |
97 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.41 |
-2.86 |
7.03 |
0.62 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.42 |
0.35 |
-0.20 |
0.46 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.68.36 |
|
UK Pound |
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.