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Report Date : |
23.02.2013 |
IDENTIFICATION DETAILS
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Name : |
PR INTERNATIONAL INC |
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Registered Office : |
2-260-1 Takayashiro Meitoku Nagoya 465-0095 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
April 1986 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export, wholesale of
bicycles & accessories |
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No. of Employees : |
21 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 Limited : |
Yen 91.8 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 |
PR INTERNATIONAL INC
REGD NAME: KK
P. R. International
MAIN OFFICE: 2-260-1
Takayashiro Meitoku Nagoya 465-0095 JAPAN
Tel:
052-774-8756 Fax: 052-774-6726
E-Mail
address: (thru the URL)
Import,
export, wholesale of bicycles & accessories
Nagakute
(Aichi) (Warehouse)
AKIYOSHI
MATSUDA, PRES
Tsunehisa
Kato, dir Koji Matsuda,
dir
Junko
Matsuda, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 744 M
PAYMENTS No complaints CAPITAL Yen 30 M
TREND SLOW WORTH Yen 221 M
STARTED 1986 EMPLOYES 21
TRADING FIRM SPECIALIZNG IN BICYCLES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 91.8 MILLION, 30 DAYS NORMAL TERMS
The subject
company was established by Akiyoshi Matsuda in order to make most of his
experience in the subject line of business.
This is a trading firm specializing in import, export and wholesale of
bicycles & accessories. Acts as
sales agents for major bicycles in Japan.
Imports the goods from Germany, other.
Clients include sporting goods stores, chain stores, department stores,
other
Financials
are only partially disclosed.
The sales volume for Dec/2011
fiscal term amounted to Yen 744 million, a 17% down from Yen 896 million in the
previous term. Business was hurt by the high
Yen, reducing earnings and profits in Yen terms. Sales were also affected negatively by The
Great East Japan Earthquake and the floods in Thailand. The recurring profit was posted at Yen 35
million and the net profit at Yen 22 million, respectively, compared with Yen
29 million net profit a year ago.
For the term that ended Dec 2012
the recurring profit was projected at Yen 40 million and the net profit at Yen
25 million, respectively, on a 3% rise in turnover, to Yen 770 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 91.8 million, on 30 days normal terms.
Date Registered: Apr 1986
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders
(%): Akiyoshi Matsuda (90) and families (--10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
bicycles and accessories (--100%)
Clients: [Mfrs, wholesalers] Alpen Co (10%), Y
International, Amazon Japan, Aeon Retail, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Schiek Sports,
Schwalbe, Chiba, Busch & Muller, Ortlieb, Trelock, Rexen & Kaal,
(--Germany), other
Payment record: No
complaints
Location:
Business area in Nagoya. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Ogaki
Kyoritsu Bank (Chayasaka)
Aichi
Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Annual
Sales |
|
770 |
744 |
896 |
180 |
|
Recur.
Profit |
|
40 |
35 |
.. |
.. |
|
Net
Profit |
|
25 |
22 |
29 |
7 |
|
Total
Assets |
|
|
324 |
N/A |
N/A |
|
Net
Worth |
|
|
221 |
199 |
170 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.49 |
-16.96 |
397.78 |
-1.90 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
68.21 |
.. |
.. |
|
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N.Profit/Sales |
3.25 |
2.96 |
3.24 |
3.89 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.