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Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
AWA LUMBER CO
LTD |
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|
|
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Registered Office : |
1-11-16 Shinkiba Kotoku Tokyo 136-0082 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
May, 1970 |
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Com. Reg. No.: |
003874 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of wood, logs, timber, building/housing materials, DIY goods |
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No. of Employees : |
7 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
AWA LUMBER CO LTD
Awa Mokuzai KK
1-11-16 Shinkiba
Kotoku Tokyo 136-0082 JAPAN
Tel:
03-3521-1800 Fax: 03-3521-1897
URL: http//:www.awamokuzai.co.jp
E-mail: info@awamokuzai.co.jp
Import, export,
wholesale of wood, logs, timber, building/housing materials, DIY goods
Nil
HITOSHI NAKANO,
PRES
Michio Harada, mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 456 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 17 M
TREND SLOW WORTH Yen
92 M
STARTED 1970 EMPLOYES 7
IMPORTER &
WHOLESALER SPECIALIZING IN WOOD, TIMBER, HOUSING & BUILDING MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established originally in 1950 by Nakayuki Nakano,
on his account, in order to make most of his experience in the subject line of
business, and was incorporated in 1970.
Hitoshi is his son, who took the pres office in Jul 1987. This is a trading firm specializing in import
and wholesale of wood, logs, cut timber, housing/building materials, DIY goods,
other. Materials are imported widely
from USA, Canada, Russia, Chile, Australia, Europe, China, other. Clients are timber traders, specialty stores,
other.
The sales volume for May/2012 fiscal term amounted to Yen 456 million, a
3% down from Yen 469 million in the previous term. Housing starts declined. The recurring profit was posted at Yen 5 million
and the net profit at Yen 5 million, respectively, compared with Yen 4 million
recurring loss and Yen 4 million net losses, respectively, a year ago. .
For the current term ending May 2013 the recurring profit is projected
at Yen 5 million and the net profit at Yen 5 million, respectively, on a 3%
rise in turnover, to Yen 470 million.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements.
Date Registered: May
1970
Regd No.:
(Tokyo-Kotoku) 003874
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 140,000 shares
Issued: 35,000 shares
Sum: Yen 17.5 million
Major shareholders (%): Hitoshi Nakano
(15), Kazue Nakano (14)
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales woods, logs, cut timber, housing/construction materials: red
wood,white woods, pine, cedar, lawan wood, western red cedar, other (--100%).
Clients: [Timber traders,
wholesalers] Takayama Mokuzai, Beaver Tozan Co, other
No. of accounts:
500
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] McMillan Brodel (10%), Nippon Paper Lumber, Sumitomo
Forestry,Emachu Lumber, Sojitz Lumber, Mitsui Bussan Forestry, Nice Corp,
Butsurin Co Ltd, other.
Imports widely from USA, Canada, Russia,
Australia, New Zealand, Europe, Chile, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Fukagawa)
Mizuho Bank
(Kameido)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
|
Annual
Sales |
|
470 |
456 |
469 |
481 |
|
Recur.
Profit |
|
5 |
5 |
-4 |
3 |
|
Net
Profit |
|
5 |
5 |
-4 |
1 |
|
Total
Assets |
|
|
306 |
299 |
334 |
|
Current
Assets |
|
|
225 |
209 |
237 |
|
Current
Liabs |
|
|
96 |
95 |
107 |
|
Net
Worth |
|
|
92 |
86 |
91 |
|
Capital,
Paid-Up |
|
|
17 |
17 |
17 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.07 |
-2.77 |
-2.49 |
-15.76 |
|
|
Current Ratio |
|
.. |
234.38 |
220.00 |
221.50 |
|
N.Worth Ratio |
.. |
30.07 |
28.76 |
27.25 |
|
|
R.Profit/Sales |
|
1.06 |
1.10 |
-0.85 |
0.62 |
|
N.Profit/Sales |
1.06 |
1.10 |
-0.85 |
0.21 |
|
|
Return On Equity |
.. |
5.43 |
-4.65 |
1.10 |
|
Notes: Forecast (or
estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.