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Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
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Name : |
JAPAN EAST CO LTD |
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Registered Office : |
1-16-8 Hino-Chuo Konanku Yokohama 234-0053 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
July, 1988 |
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Com. Reg. No.: |
0200-02-010053 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of auto parts & equipment |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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) |
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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 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 |
JAPAN EAST CO LTD
YK Japan East
1-16-8 Hino-Chuo Konanku Yokohama 234-0053 JAPAN
Tel: 045-840-6633
URL: http://www.rough-and-road.co.jp
(of the parent, Rough & Road Sports KK)
Import, export, wholesale of auto parts & equipment
Kawasaki
SHIN’ICHI KISHI, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 300 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
3 M
TREND SLOW WORTH Yen 83 M
STARTED 1988 EMPLOYES 2
TRADING FIRM SPECIALIZING IN AUTO PARTS & COMPONENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established on the basis of a trading division
separated from Rough & Road Sports KK, wholesaler of motorcycle parts &
components, sports good & wears, other, at the caption address, presided by
Takayuki Kishi. Shin’ichi Kishi is the
son of Takayuki Kishi. This is a trading
firm specializing in import, export and wholesale of auto parts &
components, other. Imported goods are
wholly shipped to the parent, Rough & Road Sports KK.
Financials are only partially disclosed.
The sales volume for Oct/2011 fiscal term amounted to Yen 300 million, a
similar amount in the previous term. The
net profit was posted at Yen 5 million, similarly in the previous period.
For the term that ended Oct 2012 the net profit was projected at Yen 5
million, on a 3% rise in turnover, to Yen 310 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jul
1988
Regd No.: 0200-02-010053
(Yokohama-Konanku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 240 shares
Issued: 60
shares
Sum: Yen
3 million
Major shareholders
(%): Shin’ichi Kishi (1009
Nothing detrimental is known as to his commercial morality.
Activities: Imports, exports
and wholesales automobile parts & components (--100%)
Clients: [Mfrs,
wholesalers] Rough & Road Sports KK and group firms
No. of accounts: 1
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Magnet International, Acerbis International, other
Payment record: No Complaints
Location: Business area in
Yokohama. Office premises at the caption
address are owned by the parent, Rough & Road Sports KK, and maintained
satisfactorily.
Bank References:
MUFG (Kami-O’oka)
SMBC (Kami-O’oka)
Relations: Satisfactory
(In Million Yen)
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31/10/2012 |
31/10/2011 |
31/10/2010 |
31/10/2009 |
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Annual Sales |
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310 |
300 |
300 |
300 |
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Recur. Profit |
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Net Profit |
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5 |
5 |
5 |
5 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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83 |
78 |
73 |
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Capital, Paid-Up |
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3 |
3 |
3 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.33 |
0.00 |
0.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.61 |
1.67 |
1.67 |
1.67 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/10/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.57 |
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1 |
Rs.84.25 |
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Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.