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Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SANYO TECHNO SOLUTIONS TOTTORI CO LTD |
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Registered Office : |
7-101 Tachikawacho Tottori 680-8634 |
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Country : |
Japan |
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Date of Incorporation : |
January, 2013 |
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Com. Reg. No.: |
2700-01-000469 |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg of electronic equipment, medical equipment, kitchen equipment,
electronic Circuit boards, others |
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No. of Employees : |
215 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Business |
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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) |
|
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 |
SANYO TECHNO
SOLUTIONS TOTTORI CO LTD
Sanyo Techno Solutions Tottori KK
7-101 Tachikawacho Tottori 680-8634 JAPAN
Tel: 0867-21-2240
URL: http://www.panasonic.co.jp
E-Mail address: (thru the URL)
Mfg of electronic equipment, medical equipment, kitchen equipment,
electronic Circuit boards, others
Nil
At the caption address
ISAO OHBA, PRES Hiroshi
Tanuma, dir
Akio Arinaka, dir Yoshikazu
Nakanishi, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES UNDETD A/SALES Yen 100,000 M*
PAYMENTS UNKNOWN CAPITAL Yen
60 M
TREND UNDETD WORTH Yen
60 M**
STARTED 2013 EMPLOYES 215
*.. First year target only; **.. Expressed by the paid-in capital
MFR OF ELECTRONIC EQUIPMENT, OTHERS, WHOLLY OWNED BY.SANYO ELECTRIC CO
LTD
FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION AND WITHOUT
PROVEN BUSNESS,BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS..
The subject company was established on the basis of a division separated
from Tega Sanyo Electric Ind, Mfr of printed circuit boards, others, Tottori,
and renamed as captioned. This is a
specialized mfr of electronic equipment, medical equipment, kitchen equipment,
electronic circuit boards, others.
Clients include Sanyo Electric Co Ltd group firms.
The sales are targeted at Yen 100,000 million for the initial accounting
term ending Dec 2013, on a break-even profit basis..
Both the financial situation and business trends are not determined due
to the recent inception and without proven business but should be good for
MODERATE business engagements. Max
credit limit is unable to be assessed due to the same reason.
Date Registered: Jan
2013
Regd No.: 2700-01-000469
(Tottori-Tachikawacho)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 4,800 shares
Issued:
1,200 shares
Sum: Yen
60 million
Major shareholders (%): Sanyo Electric Co Ltd, Osaka, mfr of
home electric appliances, wholly owned by Panasonic Corp, founded 1950, capital
Yen 322,242 million, sales Yen 737,498 million, net losses Yen 143,925 million,
employees 8,700, pres Masato Itoh
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
electronic equipment, medical equipment, kitchen equipment, electronic circuit
boards, others (--100%)
Clients: [Mfrs,
wholesalers] Sanyo Electric Co, Sanyo Electric Consumer Electronics, GE
Healthcare Japan, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sanyo Electric Co, Sanyo Electric Consumer Electronics, Murata
Mfg, Tsukiboshi Shoji Co, other
Payment record: Unknown
Location: Business area in
Tottori. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Sanin Godo Bank (Tottori)
Tottori Bank (H/O)
Relations: Satisfactory
(In Million Yen)
NOT YET MADE
AVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.51 |
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|
1 |
Rs.84.85 |
|
Euro |
1 |
Rs.71.43 |
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 |
|
---- |
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.