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Report Date : |
24.12.2013 |
IDENTIFICATION DETAILS
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Name : |
SANPOH BUSSAN CO LTD |
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Registered Office : |
Tanaka Bldg 4F, 5-3-4 Sotokanda Chiyodaku Tokyo 101-0021 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
October, 1973 |
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Com. Reg. No.: |
0100-01-130492 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Exports steel products (plates, sheets, pipes, valves, other), industrial machinery parts (aluminum stamped & pressed products), others (--100%) |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
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 |
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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 |
SANPOH BUSSAN CO
LTD
REGD NAME: Sanpoh Bussan KK
MAIN OFFICE: Tanaka Bldg 4F, 5-3-4 Sotokanda Chiyodaku
Tokyo 101-0021 JAPAN
Tel:
03-5812-4858 Fax: 03-3836-6935
URL:
N/A
Export of steel products, steel scraps, industrial machinery parts,
other
Nil
HISASHI YAMAGUCHI, PRES
Kosuke Nakamura, ch
Yen Amount: In million Yen,
unless otherwise stated
FINANCES R/WEAK A/SALES Yen 2368 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND UP WORTH Yen 87 M
STARTED 1973 EMPLOYES 7
EXPORTER OF STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Kosuke Nakamura in order to make most
of his experience in the subject line of business. This is a trading firm specializing in
exporting steel products, steel scraps, industrial machinery parts &
accessories, other. Exporting countries
are centrally China, Korea and S/E Asia.
Financials are only partially disclosed.
The sales volume for Sept/2012 fiscal term amounted to Yen 2,368
million, an 8% up from Yen 2,200 million in the previous term. Export to China increased robust construction
and building projects in the country.
One large construction company was acquired there, as reported. The net profit was posted at Yen 19 million,
compared with Yen 28 million a year ago.
For the term that ended Sept 2013 the net profit was projected at Yen 30
million, on a 6% rise in turnover, to Yen 2,500 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date
Registered: Oct 1973
Regd
No.: 0100-01-130492
(Tokyo-Chiyodaku)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum:
Yen
10 million
Major
shareholders (%): Akashi Yamaguchi (75),
Kosuke Nakamura (10)
No.
of shareholders: 5
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Exports steel
products (plates, sheets, pipes, valves, other), industrial machinery parts
(aluminum stamped & pressed products), others (--100%)
Clients: [Mfrs,
wholesalers] Exports to China, Pakistan, Korea, S/E Asia, Mid East, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in
greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Yamazaki Co, Kubota Shindo Co, other
Payment
record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Mizuho Bank (Kudan)
SMBC (Kanda)
Relations: Money deposits and transfers only
(In million Yen
|
Terms Ending: |
|
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
Annual Sales |
|
2,500 |
2,368 |
2,200 |
1,000 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
30 |
19 |
28 |
12 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
87 |
68 |
40 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.57 |
7.64 |
120.00 |
733.33 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
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N.Profit/Sales |
1.20 |
0.80 |
1.27 |
1.20 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/09/2013fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.99 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.