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Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
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Name : |
CENTRE POINT CORPORATION |
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Registered Office : |
3-2 Sengendai-Nishi Koshigaya Saitama-Pref |
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Country : |
Japan |
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Date of Incorporation : |
May, 1988 |
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Com. Reg. No.: |
0300-01-066160 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of foods, beverages, health foods |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
CENTRE POINT
CORPORATION
KK Centre Point
3-2 Sengendai-Nishi Koshigaya Saitama-Pref JAPAN
Tel: 048-970-2588
Fax: 048-970-2588
URL: N/A
Import, wholesale of foods, beverages, health foods
Nil
MASAO ISHIKAWA, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES UNDETD A/SALES Yen 50 M*
PAYMENTS UNKNOWN CAPITAL Yen
10 M
TREND UNDETD WORTH Yen
10 M**
STARTED 1988 EMPLOYES 1
*.. Estimated figures only; **.. Expressed by the paid-in capital
TRADING FIRM SPECIALIZING IN FOODS, BEVERAGES, OTHER.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT
SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON. NO CREDITS ARE RECOMMENDED ON NEW TRANSACTIONS
The subject company was established by Masao Ishikawa in order to make
most of his experience in the subject line of business. This is a trading firm, operating from his
home address, for import and wholesale of foods, beverages, other. Import sources are Europe. Management information and financials are not
openly disclosed and the contents of this report are based on the Registration
Certificate. No information is available
from outside sources at all. We
contacted the owner but he flatly declined to divulge any information on the
firm/business and financials. He added
that he intends to close down the company in due time.
Financials are not disclosed.
From the brief conversation with the owner, the annual sales amount to
somewhere around Yen 50 million, but the figures have not been verified by
third parties.
Both the financial situation and business trends are not determined due to the lack of proven business, which the owner declined to disclose. Max credit limit is unable to be assessed due to the same reason. We strongly recommend to setting secure terms on new transactions.
Date Registered: May
1988
Regd No.: 0300-01-066160
(Saitama-Koshigaya)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 784
shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders
(%): Masao Ishikawa (100)
Nothing detrimental is known as to his commercial morality.
Activities: Imports and
wholesales foods, beverages, liquor, other (--100%)
Clients: Mfrs,
wholesalers, other
No. of accounts: 50
Domestic areas of
activities: Centered in Saitama-Pref
Suppliers: [Mfrs,
wholesalers] Imports from Europe
Payment record: Unknown
Location: Business area in
Koshigaya, Saitama-Pref. Office premises
at the caption address are owned by M Ishikawa as his private home residence
and maintained satisfactorily.
Bank References:
Local Bank (Koshigaya)
Relations: Money deposits and transfers only
(In Million Yen)
NOT DISCLOSED AND
UNAVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.82 |
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|
1 |
Rs.87.9 |
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Euro |
1 |
Rs.72.83 |
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.