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Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
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Name : |
PHOENIX CO LTDHOENIX CO LTD |
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Registered Office : |
1-14-10 Yamanouchi Sumiyoshiku Osaka 558-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September 1990 |
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Com. Reg. No.: |
1200-01-101772 (Osaka-Suminoeku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale, retail of shoes, apparel, bags, |
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No. of Employees : |
53 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
PHOENIX CO LTDHOENIX CO LTD
REGD NAME: KK
Phoenix
MAIN OFFICE: 1-14-10
Yamanouchi Sumiyoshiku Osaka 558-0023 JAPAN
Tel:
06-6608-2312 Fax: 06-6608-8836
E-Mail address: (thru the URL)
Import, wholesale,
retail of shoes, apparel, bags, other
Osaka, Kyoto
(--Stores)
CHOHEI MIZOBE,
PRES
Noriko Yamaguchi,
dir
Yayoi Yoshikuni,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,667 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 354 M
STARTED 1990 EMPLOYES 53
TRADING FIRM SPECIALIZNG IN SHOES, APPAREL, BAGS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established by Chohei Mizobe in order to make most of his experience in the
subject line of business. This is a
trading firm for import, wholesale and retail of apparel, shoes, bags, fashion
goods, other. Goods are imported from
Italy, Spain, other. Operates 2 retail
stores in Osaka and Kyoto.
The sales volume for
Mar/2012 fiscal term amounted to Yen 1,667 million, a 0.9% (as adjusted) up
from Yen 152 million for one month in the previous term. The recurring profit was posted at Yen 92 million
and the net profit at Yen 54 million, respectively, compared with Yen 9 million
recurring profit and Yen 5 million net profit for one month term, respectively,
a year ago.
For the current term ending
Mar 2013 the recurring profit is projected at Yen 95 million and the net profit
at Yen 55 million, respectively, on a 2% rise in turnover, to Yen 1,700
million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered:
Sept 1990
Regd No.:
1200-01-101772 (Osaka-Suminoeku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Chohei Watanabe
(100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails garments, shoes, hand bags, fashion goods, others
(--100%)
Clients: [Mfrs, wholesalers]
Nissei International, other
No. of accounts:
50
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports from Italy, Spain, other
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Ikeda Senshu Bank
(Nagai)
Kinki Osaka Bank
(Sumiyoshi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
28/02/2011 |
|
|
Annual
Sales |
|
1,700 |
1,667 |
152 |
1,411 |
|
Recur.
Profit |
|
95 |
92 |
9 |
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Net
Profit |
|
55 |
54 |
5 |
42 |
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Total
Assets |
|
|
1,155 |
1,161 |
1,145 |
|
Current
Assets |
|
|
769 |
905 |
|
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Current
Liabs |
|
|
140 |
134 |
|
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Net
Worth |
|
|
354 |
300 |
294 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.98 |
-0.69 |
-89.23 |
2.62 |
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|
Current Ratio |
|
.. |
549.29 |
675.37 |
.. |
|
N.Worth Ratio |
.. |
30.65 |
25.84 |
25.68 |
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|
R.Profit/Sales |
|
5.59 |
5.52 |
5.92 |
.. |
|
N.Profit/Sales |
3.24 |
3.24 |
3.29 |
2.98 |
|
|
Return On Equity |
.. |
15.25 |
1.67 |
14.29 |
|
Notes: The
31/03/2011 fiscal term is for only one year term. Growth rate is adjusted on a
12-month basis
Forecast (or
estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.51 |
|
|
1 |
Rs.84.85 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
<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.