MIRA INFORM REPORT

 

 

Report Date :

03.12.2013

 

IDENTIFICATION DETAILS

 

Name :

BERKSHIRE CO LTD

 

 

Registered Office :

2-1-13 Komagata Taitoku Tokyo 111-0043

 

 

Country :

Japan

 

 

Date of Incorporation :

December, 1993

 

 

Com. Reg. No.:

0105-01-031157 (Tokyo-Taitoku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export of non-woven fabrics, masks, other for semiconductor clean rooms

 

 

No. of Employees :

7

 

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 :

Slow but correct

 

 

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

 

Company name & address

 

BERKSHIRE CO LTD

 

REGD NAME:    KK Berkshire

 

MAIN OFFICE:  2-1-13 Komagata Taitoku Tokyo 111-0043 JAPAN

Tel: 03-5827-2380      Fax: 03-5827-2382

 

 

URL:                 http://www.berkshire.co.jp

E-Mail address: master@berkshire.co.jp

 

 

ACTIVITIES  

 

Import, export of non-woven fabrics, masks, other for semiconductor clean rooms

 

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

YASUFUMI OHTA, PRES          

           

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                                         A/SALES          Yen 1,000 M*

PAYMENTS      SLOW BUT CORRECT               CAPITAL           Yen 55 M

TREND             UP                                            WORTH            Yen 321 M

STARTED         1993                                         EMPLOYES      7

                                               

*.. Only estimated as not precisely disclosed

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN SEMICONDUCTOR CLEAN ROOM SUPPLIES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

The subject company was established by Yasufumi Ohta in order to make most of his experience in the subject line of business.  This is a trading firm for import and wholesale of semiconductor clean room supplies: non-woven fabrics, polyester wipers, clean paper, masks, other.  Goods are both imported and exported.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed with the last disclosed for Dec/2008 fiscal term and the following figures are all estimated.

 

The sales volume for Dec/2012 fiscal term is estimated amounted to Yen 1,000 million, a 5% up from Yen 950 million in the previous term.  The net profit is estimated posted at Yen 40 million, similarly in the previous period.

 

For the current term ending Dec 2013 the net profit is projected at Yen 45 million, on a 5% rise in turnover, to Yen 1,050 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:          Dec 1993

Regd No.:                     0105-01-031157 (Tokyo-Taitoku)

Legal Status:               Limited Company (Kabushiki Kaisha)

Authorized:                  4,400 shares

Issued:                         1,100 shares

Sum:                            Yen 55 million

Major shareholders (%): Berkshire Holdings Co* (100)

 

*.. Holding Company

 

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

 

 

OPERATION

           

Activities:                                 Imports, exports and wholesales semiconductor clean-room supplies: nonwoven fabrics, polyester wipers, clean papers, masks, Lab-Tips swabs, other (--100%)

 

Clients:                                    [Mfrs, wholesalers] Morimura Bros, Berkshire Corporation, Hashitel Co, other 

           

No. of accounts:                        300

           

Domestic areas of activities:       Centered in greater-Tokyo

 

Suppliers:                                 [Mfrs, wholesalers] Berkshire Corp, San-M Package Co, Meisei Sansho Co, Technos Japan Inc, other

 

Payment record:                      Slow but correct

 

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

 

Bank References:

                                                MUFG (Shin-Yokohama)

                                                SMBC (Shin-Yokohama)

                                                Relations: Satisfactory

 

 

FINANCES (In Million Yen)

 

NOT DISCLOSED SINCE DEC/2008 FISCAL TERM AND UNAVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.23

UK Pound

1

Rs.102.14

Euro

1

Rs.84.64

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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.