|
Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAIDO CORPORATION |
|
|
|
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Registered Office : |
8-3-10 Isogamidori Chuoku |
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|
|
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Country : |
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|
|
|
|
Financials (as on) : |
30.11.2012 |
|
|
|
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Date of Incorporation : |
December 2003 |
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|
|
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of industrial chemicals |
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|
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No. of Employees : |
06 |
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
MAIDO CORPORATION
REGD NAME: KK Maido
MAIN OFFICE: 8-3-10 Isogamidori Chuoku Kobe 651-0086 JAPAN
Tel: 078-200-3520
Fax: 078-200-3521
Mail-Address: sales@maidocorp.jp
Export of industrial chemicals
Nil
KAZUHIRO TAKASHIMA, PRES
Akiko Tatekawa, dir
Hitoaki Sasaki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 1,550 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 88 M
STARTED 2003 EMPLOYES 6
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Kazuhiro Takashima in order to make most of his experience in the subject line of business. Kazuhiro Takashima took the pres office in Aug 2011. This is a trading firm for export of industrial chemicals, rubber chemicals, other. Exports to USA, Europe, Oceania, S/E Asia, other. Goods are supplied from major chemical mfrs.
Financials are only partially disclosed.
The sales volume for Nov/2012 fiscal term amounted to Yen 1,550 million, a similar amount in the previous term. The net profit marked time at Yen 5 million.
For the term that ended Nov 2013 the net profit was projected at Yen 6 million, on a 3% rise in turnover, to Yen 1,600 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: Dec 2003
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Kazuhiro Takahashi (60), Akiko Tatekawa (40)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality of executives.
Activities: Exports industrial chemicals, rubber chemicals, other (--100%)
Clients: [Mfrs, wholesalers] Exports to USA, Europe, Oceania, S/E Asia, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Mitsubishi Chemical, Mitsui Chemical, Daicel Chemical Ind, Sanyo Chemical Ind, Asahi Electric Ind, other
Payment record: Slow but correct
Location: Business area in Kobe. Office premises at the caption address are leased and maintained satisfactorily.
Bank References: SMBC (Kobe)
Minato Bank (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms
Ending: |
|
30/11/2013 |
30/11/2012 |
30/11/2011 |
30/11/2010 |
|
Annual
Sales |
|
1,600 |
1,550 |
1,550 |
1,600 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
6 |
5 |
5 |
6 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
88 |
83 |
78 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.23 |
0.00 |
-3.13 |
6.67 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.38 |
0.32 |
0.32 |
0.38 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/11/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.