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Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
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Name : |
SHIMA SHOJI CO LTD |
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Registered Office : |
3-13-16 Nakaishikiri-cho Higashi-Osaka Osaka-Pref |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
March 1981 |
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Com. Reg. No.: |
1220-01-003287
(Osaka-Higashiosaka) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of electrical working tools, Lan
networking tools, cutting. tools |
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No. of Employees : |
10 |
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 Limit : |
Yen 19.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaint |
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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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
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 tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues 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 |
SHIMA SHOJI CO LTD
REGD NAME: Shima
Shoji KK
MAIN OFFICE: 3-13-16
Nakaishikiri-cho Higashi-Osaka Osaka-Pref JAPAN
Tel:
075-988-3015 Fax: 072-988-3016
URL: N/A
Import,
wholesale of electrical working tools, LAN networking tools, cutting. tools
Higashi-Osaka
(2) (Warehouse & real estate for leasing
KENSUKE
SHIMA, PRES Keisuke Shima, v pres
Tohru Ishikawa, s/mgn dir Setsumi Shima, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 799 M
PAYMENTS NO COMPLAINT CAPITAL Yen
34 M
TREND UP WORTH Yen 267 M
STARTED 1981 EMPLOYES 10
IMPORTER
OF ELECTRIC WORKING TOOLS, CUTTING TOOLS, OTHER
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 19.2 MILLION, 30 DAYS NORMAL TERMS
The subject company was established on the basis of a
trading division separated from Jefcom Co Ltd, mfr of working tools, electric
working tools, at the caption address (See REGISTRATION). Goods are imported from China, Taiwan, USA,
Germany, other, and wholly shipped to the parent, Jefcom Co.
Financials are only partially disclosed as from the Mar/2010
fiscal term.
The sales volume for Mar/2012 fiscal term amounted to Yen 799
million, a 23% up from Yen 651 million in the previous term. Imports of cutting tools rose, particularly
after the Great North Japan earthquake that occurred in Mar 2011. The net profit was posted at Yen 14 million,
compared with Yen 10 million a year ago.
.
For the current term ending Mar 2013 the net profit is
projected at Yen 15 million, on a 4% rise in turnover, to Yen 830 million. Business is expanding steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 19.2 million, on 30 days normal terms.
Date Registered: Mar 1981
Regd No.: 1220-01-003287
(Osaka-Higashiosaka)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 272,000
shares
Issued: 68,000 shares
Sum: Yen
34 million
Major shareholders (%): Kensuke
Shima (66), Keisuke Shima (17), Setsumi Shima (17)
No. of shareholders: 3
*
Jefcom Co Ltd, owned & operated by the Shima family, at the caption address,
founded 1966, capital Yen 98 million, shareholders are these three (Shima
family), sales Yen 3,748 million, net profit Yen 34 million, employees 110,
pres Keisuke Shima, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales electric
working tools, cutting tools, air-conditioner racks, tools for LAN
communications, lighting apparatus, lifters, electric wire connectors, duct
cutters, other (--90%); real estate leasing, others (10%).
Clients: [Mfr] Shipped wholly to the parent,
Jefcom Co Ltd
No. of
accounts: 1
Domestic
areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Imports from
China, Taiwan, USA, Germany, other
Payment record: No
Complaint
Location:
Business area in Higashi-Osaka City.
Office premises at the caption address are owned by the parent and
maintained satisfactorily.
Bank References
MUFG
(Hiraoka)
Shoko
Chukin Bank (Semba)
Relations:
Satisfactory
(In Million Yen)
|
|
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31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
|
830 |
799 |
651 |
551 |
|
Recur.
Profit |
|
|
|
|
|
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Net
Profit |
|
15 |
14 |
10 |
12 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
267 |
258 |
251 |
|
Capital,
Paid-Up |
|
|
34 |
34 |
34 |
|
Div.Ttl
Million (¥) |
|
|
6.8 |
6.8 |
6.8 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.88 |
22.73 |
18.15 |
-24.10 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
1.81 |
1.75 |
1.54 |
2.18 |
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Notes:
Financial are only partially disclosed as from the 31/03/2010 fiscal term.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
UK Pound |
1 |
Rs.84.59 |
|
Euro |
1 |
Rs.72.62 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.