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Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
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Name : |
YOSHIDA INC |
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Registered Office : |
5-29-10 Tachibana Sumidaku Tokyo 131-0043 |
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Country : |
Japan |
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Date of Incorporation : |
Dec 2005 |
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Com. Reg. No.: |
0106-01-031523 (Tokyo-Sumidaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales functional packaging &
containers: cosmetic bottles, compacts, tubes, jars |
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No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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 |
YOSHIDA INC
KK Yoshida
5-29-10 Tachibana
Sumidaku Tokyo 131-0043 JAPAN
Tel:
03-3613-0101
URL: http://www.yoshida-cw.co.jp (Of
the parent, Yoshida Cosmeworks Co Ltd)
E-Mail
address: (thru the URL)
Import,
export, wholesale of cosmetic bottles, cases, other
Nil
(Parent
& subsidiaries)
SEIZABURO
SUZUKI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 12,500 M*
PAYMENTS NO
COMPLAINT CAPITAL Yen 10 M
TREND UP WORTH Yen 1,080 M*
STARTED 2005 EMPLOYES 2
*..
Figures are of the parent, as financials are wholly consolidated.
TRADING FIRM SPECIALIZING IN FUNCTIONAL PACKAGES &
CONTAINERS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established on the basis of an international trading division
separated from Yoshida Cosmeworks Co Ltd, at the caption address (See REGISTRATION). This is a trading firm for import, export and
wholesale of cosmetic bottles, compacts, tubes, jars, other, manufactured by
the parent and subsidiaries.
FINANCIAL INFORMATION
Financials
are wholly consolidated by the parent and not individually disclosed. Thereby the financial figures are those of
the parent company, Yoshida Cosmeworks Co Ltd.
The sales volume for Sept/2012
fiscal term amounted to Yen 12,500 million, a 2% up from Yen 12,300 million in
the previous term. The net profit was
posted at Yen 100 million, compared with Yen 95 million a year ago.
For the
current term ending Sept 2013 the net profit is projected at Yen 110 million,
on a 4% rise in turnover, to Yen 13,000 million. Exports are increasing, particularly into
China. Import/export revenues will be
benefitted by the weaker Yen in Yen terms.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Dec
2005
Regd No.: 0106-01-031523 (Tokyo-Sumidaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Yoshida Coemeworks Co Ltd*
(100)
*.. Mfr of functional packaging
& containers, cosmetics, at the caption address, founded 1958, capital Yen
10 million, sales Yen 12,500 million, net profit Yen 100 million, employees 45,
pres Yuzo Yoshida
Consolidated Financials are
attached (See SUPPLEMENTS)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
functional packaging & containers: cosmetic bottles, compacts, tubes, jars,
other (--100%)
Clients: [Mfrs, wholesalers] Exports to China,
Korea, Taiwan, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Supplied from the
parent, Yoshida Cosmeworks Co Ltd, and group firms.
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned by the parent and maintained satisfactorily.
Bank References:
Mizuho
Bank (Oshiage)
MUFG
(Kinshicho)
Relations:
Satisfactory
(In Million Yen)
FULLY CONSOLIDATED BY THE PARENT AND
NOT INDIVIDUALLY DISCLOSED.
SUPPLEMENTS:
CONSOLIDATED FINANCIALS OF THE PARENT,
YOSHIDA COSMEWORKS CO LTD
|
Terms Ending: |
|
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
Annual
Sales |
|
13,000 |
12,500 |
12,300 |
12,900 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
110 |
100 |
95 |
100 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
1,080 |
980 |
885 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.00 |
1.63 |
-4.65 |
-6.66 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.85 |
0.80 |
0.77 |
0.78 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.59.36 |
|
UK Pound |
1 |
Rs.89.69 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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.