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Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
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Name : |
A FACTORY INC |
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Registered Office : |
Gaien Office, 24 Minami-Motomachi Shinjukuku Tokyo 160-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2014 |
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Date of Incorporation : |
November 1985 |
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Legal Form : |
Limited Company |
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Line of Business : |
Plan, design, construction of business facilities, store
outlets |
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No. of Employees : |
126 |
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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Maximum Credit Limited: |
Yen 155.7 Million |
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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 |
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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
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Source : CIA |
A FACTORY INC
REGD NAME: KK
A Factory
MAIN OFFICE: Gaien
Office, 24 Minami-Motomachi Shinjukuku Tokyo 160-0012 JAPAN
Tel:
03-5369-4770 Fax: 03-5369-4777
*.. Moved to the
caption address in Jan 2005
URL: www.a-factory.com
E-Mail
address: (thru the URL)
Plan,
design, construction of business facilities, store outlets
Sapporo,
Nagoya, Osaka, Fukuoka
New
York, Milano, London (--Networks)
Saitama
(production center)
HIDEKI
OGURA, PRES Keiichi Ohki, dir
Hitoshi
Ohuchi, dir Sanae Oide, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 8,613 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
20 M
TREND UP WORTH Yen 3,403 M
STARTED 1985 EMPLOYES 126
DESIGNER, CONSTRUCTOR OF BUSINESS FACILITIES, STORE OUTLETS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 155.7
MILLION, 30 DAYS NORMAL TERMS
The subject
company was established originally in 1980 by Hideki Ogura, on his account, and
was incorporated in 1985. This company
specializes in plan, design, and construct business facilities, store outlets
development, other. Clients include
schools, business firms, shrines, other, nationwide
The sales
volume for May/2013 fiscal term amounted to Yen 8,613 million, a 20% up from
Yen 7,192 million in the previous term.
The quake-stricken North Japan was gradually recovered and new stores opening
or refurbishment of old stores came up.
The net profit was posted at Yen 272 million, compared with Yen 239
million a year ago.
For the
current term ending May 2014 the net profit is projected at Yen 280 million, on
a 3% rise in turnover, to Yen 8,900 million.
Business is seen expanding steadily.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Max
credit limit is estimated at Yen 155.7 million, on 30 days normal terms.
Date Registered: Nov
1985
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20 million
Major shareholders (%): Hideki Ogura (69), Employees’
S/Holding Assn (21), Executives’ S/Holding Assn (10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Engineering company for design for
business facilities or store outlet development services from planning stage
thru design, construction work & maintenance, other (--100%)
Clients: [Mfrs, wholesalers] Five Fixes Co,
East Port Co, Meiji Shrine, Kyoto University of Art & Design, Tiffany &
Co Japan Inc, LVMH Watch & Jewelry Japan, H&M Hennes Mauritz Japan KK,
Gucci Group Japan, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Saison Art Co,
Pier Associates, Works Planning Studio, Habu Glass Ind, Endo Lighting Corp,
Daiko Electric Co, Kurihara Seisakusho, other
Payment record: NO
COMPLAINTS
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shibuya)
Mizuho
Bank (Shibuya-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
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Annual
Sales |
|
8,900 |
8,613 |
7,192 |
6,968 |
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Recur.
Profit |
|
.. |
.. |
335 |
68 |
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Net
Profit |
|
280 |
272 |
239 |
26 |
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Total
Assets |
|
|
N/A |
5,151 |
4,693 |
|
Net
Worth |
|
|
3,403 |
3,213 |
3,053 |
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Capital,
Paid-Up |
|
|
20 |
20 |
20 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.33 |
19.76 |
3.21 |
-5.61 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
62.38 |
65.05 |
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N.Profit/Sales |
3.15 |
3.16 |
3.32 |
0.37 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.