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Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
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Name : |
JAPAN INTERLIVING CO LTD |
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Registered Office : |
1-215 Fujitsuka Nisshin City Aichi-Pref 470-0117 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
Feb 1998 |
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Com. Reg. No.: |
1800-01-067171 (Aichi-Nisshin) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of rugs & carpets |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 11.1 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 – 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 |
|
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.
|
Source : CIA |
JAPAN INTERLIVING CO LTD
REGD NAME: Japan
Inter Living KK
MAIN OFFICE: 1-215
Fujitsuka Nisshin City Aichi-Pref 470-0117 JAPAN
Tel:
0561-73-1994 Fax: 0561-1991
URL: N/A
Import,
wholesale of rugs & carpets
Nisshin,
Togo (--Aichi-Pref) (--warehouses)
SHIRO
OHASHI, PRES
Kiyoko
Ohashi, v pres
Kenji
Ohashi, s/mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 624 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND UP WORTH Yen 402 M
STARTED 1998 EMPLOYES 7
TRADING FIRM SPECIALIIZING IN RUGS & CARPETS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 11.1 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by father of Shiro
Ohashi in order to make most of his experience in the subject line of
business. This is a family-based trading
firm for import and wholesale of rugs & carpets, other upholstery. Goods are imported from Belgium, China,
Italy, Netherlands, Egypt, other.
Clients include upholstery stores, supermarkets, other.
The financials are only partially disclosed as is the case
with family-based companies.
The sales volume for Jan/2012 fiscal term amounted to Yen
624 million, a 12% up from Yen 556 million in the previous term. This is attributed to high quality carpets
that were in much demand and imports increased.
The net profit was posted at Yen 57 million, compared with Yen 35 million
a year ago.
For the term that just ended Jan 2013 the net profit was
projected at Yen 60 million, on a 3% rise in turnover, to Yen 640 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 11.1 million, on 30 days normal terms.
Date Registered: Feb 1998
Regd No.: 1800-01-067171 (Aichi-Nisshin)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Kiyoko Ohashi (38), Kenji
Ohashi (37), Yasumoto Ohashi (25)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales rugs &
carpets, other upholstery (--100%)
Imports are from: Belgium (4)
(35%), China (7) (30%), Italy (3), Netherlands (1) (--each 10%)
Clients: [Mfrs, wholesalers] Belluna Co, Jalux,
JOD, Jupiter Shop Channel, Scroll Corp, Shaddy Co, Nissen Co, Mori Hambai Co,
other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
Belgium, China, Italy, Netherlands, Egypt, other
Payment record: No
Complaints
Location:
Business area in Nisshin City, Aichi-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Aichi
Bank (Akaike)
Bank
of Nagoya (Nisshin)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/01/2013 |
31/01/2012 |
31/01/2011 |
31/01/2010 |
|
Annual
Sales |
|
640 |
624 |
556 |
659 |
|
Recur.
Profit |
|
|
|
|
|
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Net
Profit |
|
60 |
57 |
35 |
63 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
402 |
345 |
310 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
2.00 |
2.00 |
2.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.56 |
12.23 |
-15.63 |
0.61 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
9.38 |
9.13 |
6.29 |
9.56 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/01/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
UK Pound |
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.20 |
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 |
|
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 |
|
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 |
|
<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.