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Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SHOWA TRADING COMPANY |
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Registered Office : |
3-28-4 Fuseyacho Izumi City Osaka-Pref 594-0031 |
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Country : |
Japan |
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Date of Incorporation : |
(Founded 2009) |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Export of non-ferrous metal products |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum Credit Limit : |
-- |
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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 (31.03.2011) |
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
SHOWA TRADING COMPANY
REGD NAME: Showa
Shokai (Sole proprietor & not registered)
MAIN OFFICE: 3-28-4
Fuseyacho Izumi City Osaka-Pref 594-0031 JAPAN
Tel:
0725-56-6205 Fax: 0725-56-6205
URL: N/A
Export of
non-ferrous metal products
Nil
AKIO TAKAKURA,
PROPRIETOR
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen 50 M*
PAYMENTS UNKNOWN CAPITAL - - -
TREND UNDETD WORTH Yen 5 M
STARTED 2009 EMPLOYES 1
*.. Estimated
figures only
SOLE PROPRIETORSHIP SPECIALIZING IN EXPORTING NONFERROUS
METAL PRODUCTS .
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.
This is a sole
proprietorship started & operated by Akio Takakura. This is a trading firm, owned and operated by
A Takakura, operating from his home address, specializing in exporting nonferrous
metal products, other. Goods are
exported mainly to China and other S/E Asian countries. The firm does not disclose detailed
information on management and financials, except as outlined in this report.
Financials are not disclosed. No outside sources have any information on
the financials.
The annual turnover is estimated at around
Yen 50 million, as gathered from contact with the owner. The figures have, however, not been verified
& not proven by the third parties.
Both the
financials situation and business trends are not determined due to the lack of
proven business but should good for MODERATE business engagements. Max credit limit is unable to be assessed due
to the same reason.
Date Registered: Not
Registered
(Founded 2009)
Legal Status: Sole Proprietorship
Net
Worth: Yen 5
million
The firm owned and operated by Akio
Takakura, on his account. The net worth
is estimated at Yen 5 million, as derived from his past savings.
Nothing detrimental
is known as to his commercial morality.
Activities: Exports
nonferrous metal products (100%)
Clients: [Mfrs,
wholesalers] Exports to China, other S/E Asian countries
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Supplied from domestic nonferrous metal producers
Payment record: Unknown
Location: Business area in
Izumi City, Osaka-Pref. Office premises
at the caption address are owned by A Takakura as his private home residence
and maintained satisfactorily.
Bank References:
Local Bank (Izumi)
Relations: Money
deposits & transfers only
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
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 |
|
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.