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Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
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Name : |
JAPAN INTERIOR TRADING CO LTD |
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Registered Office : |
Sankyo Yotsubashi Bldg 7F, 1-11-1 Minami-Horie Nishiku Osaka 550-0013 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April 2003 |
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Com. Reg. No.: |
1200-01-104021 (Osaka-Nishiku) |
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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 : |
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 : |
Slow |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
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.
Source
: CIA
JAPAN INTERIOR TRADING CO LTD
REGD NAME: Japan
Interior Trading KK
MAIN OFFICE: Sankyo
Yotsubashi Bldg 7F, 1-11-1 Minami-Horie Nishiku Osaka 550-0013
JAPAN
Tel:
06-6534-5525 Fax: 06-6534-5528
*.. The is a group
subsidiary
URL: http//:www.aswan.co.jp
(Of the parent, Aswan Corporation)
E-mail: info@aswan.co.jp
Import, wholesale
of rugs & carpets
Nil
TAKASHI FUKAE,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 283 M
PAYMENTS SLOW CAPITAL Yen 10 M
TREND SLOW WORTH Yen 25 M
STARTED 2003 EMPLOYES 7
IMPORTER OF RUGS
& CARPETS, WHOLLY OWNED BY ASWAN CORP
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was
established on the basis of the international trading division separated from
Aswan Corporation, wholesaler of upholstery, at the caption address (See REGISTRATION). Takashi Fukae is concurrently pres of the
parent. This is a trading firm
specializing in import and wholesale of rugs & carpets, for exclusive
supply to the parent, Aswan Corp. Goods
are imported from India, Pakistan, Belgium, China, UK, Belgium, Korea,
Netherlands, other.
Financials are only
partially disclosed.
The sales volume for Mar/2012 fiscal term
amounted to Yen 283 million, a 27% sharp down from Yen 389 million in the
previous term. The consumer spending was
depressed down for luxuries. The net
profit was posted at a minimum amount post-taxes, compared with Yen 1 million a
year ago. .
For the current
term ending Mar 2013 the net profit is projected at Yen 1 million, on a 3% up
in turnover, to Yen 290 million.
The financial situation
is considered maintained RATHER WEAK but should be good for MODERATE business
engagements.
Date Registered: Apr
2003
Regd No.:
1200-01-104021 (Osaka-Nishiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen 10 million
Major
shareholders (%): Aswan Corporation*(100)
* Wholesale of upholstery, at the caption
address, founded 1950, capital Yen 100 million, turnover Yen 13,591 million,
net profit Yen 22 million, employees 183, pres Takashi Fukae, concurrently
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Imports rugs
& carpets, for exclusive supply to the parent, Aswan Corporation (--100%).
Goods are imported from India, Pakistan,
Belgium, China, UK, Korea, India, Netherlands, other
Clients: [Wholesaler]
Shipped exclusively to Aswan Corporation, the parent, for supply to department
stores, chain stores, convenience stores, specialty stores, housing makers,
upholstery stores, DIY stores, other, totaling about 500 nationwide.
No. of accounts: 1
(Direct client)
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports from India, Pakistan, China, Belgium, UK, Korea,
Netherlands, India, other
Payment record: Slow
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho (Namba)
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 |
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290 |
283 |
389 |
504 |
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Recur.
Profit |
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Net
Profit |
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1 |
0 |
1 |
0 |
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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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25 |
25 |
24 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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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 |
2.47 |
-27.25 |
-22.82 |
-39.71 |
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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 |
0.34 |
0.00 |
0.26 |
0.00 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
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|
1 |
Rs.84.09 |
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Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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.