MIRA
INFORM REPORT
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Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
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Name : |
KASHGAR DESIGN LTD |
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Registered Office : |
Wakabanishi Bldg 7F, 1-10-10 Ebisu-Nishi Shibuyaku Tokyo 150-0021 |
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Country : |
Japan |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
November 2010 |
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Com. Reg. No.: |
0110-01-067193 (Tokyo-Shibuya) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, retail of clothing & accessories |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan 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 and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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
Company name and address
KASHGAR DESIGN LTD
REGD NAME: KK
Kashugar Design Limited
MAIN OFFICE: Wakabanishi
Bldg 7F, 1-10-10 Ebisu-Nishi Shibuyaku Tokyo 150-0021 JAPAN
Tel:
03-5459-5408 Fax: 03-5459-6409
URL: http://www.moonstonesisters.net
(of the parent)
E-mail address]
mss@moonstonesisters.net
ACTIVITIES
Import, retail of
clothing & accessories
BRANCHES
At the caption
address (shop)
OFFICERS
TOMOKO YAMATE,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 56 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen 4 M
TREND UNDETD WORTH Yen
6 M
STARTED 2010 EMPLOYES 3
COMMENT
TRADING FIRM SPECIALIZING IN CLOTHING & ACCESSORIES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was
established on the basis of a trading division separated from Moonstone Sisters
GK (See REGISTRATION). This is a trading
firm for import and retail of clothing and clothing accessories. Goods are wholly imported from India.
FINANCIAL INFORMATION
Financials are only
partially disclosed.
The sales volume for Feb/2012 fiscal term
amounted to Yen 56 million. The net
profit was posted at Yen 25 million, as reported. This is the second term results with the
first term yielded no revenues, just to engage in the opening of the store,
other.
For the term that ended
Feb 2013 the net profit was projected at Yen 30 million, on a 25% rise in
turnover, to Yen 70 million. Final
results are yet to be released.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
REGISTRATION
Date Registered: Nov
2010
Regd No.:
0110-01-067193 (Tokyo-Shibuya)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 320 shares
Issued: 80 shares
Sum: Yen 4 million
Major
shareholders (%): Moonstone Sisters GK* (50), SAS International (India) (50) (100)
*.. Retailer of clothing, accessories, at
the caption address, founded 1999, sales Yen
196 million, net profit Yen 1 million, employees 12, pres Tomoko Yamate,
concurrently
Nothing
detrimental is known as to her commercial morality.
OPERATION
Activities: Imports and
retails clothing and accessories (--100%)
Clients: Consumers
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from India
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption address
are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Nakameguro)
Relations: Money
deposits and transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
|
28/02/2013 |
29/02/2012 |
28/02/2011 |
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Annual
Sales |
|
70 |
56 |
0 |
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Recur.
Profit |
|
.. |
.. |
.. |
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Net
Profit |
|
30 |
25 |
-23 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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|
6 |
-19 |
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Capital,
Paid-Up |
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4 |
4 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
25.00 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
42.86 |
44.64 |
#DIV/0! |
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Notes: Financials
are only partially disclosed. The 28/02/2011
fiscal term is the
Initial accounting
term.
Forecast (or
estimated) figures for the 28/02/2013 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.41 |
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|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.