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Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
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Name : |
SATHI YOUGEN GAISHA |
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Registered Office : |
Komazawa Bldg, 4-16-15 Komazawa Setagayaku Tokyo 154-0012 |
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Country : |
Japan |
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Date of Incorporation : |
November 1997 |
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Com. Reg. No.: |
0101-02-002966 (Tokyo-Hachioji) |
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Legal Form : |
Private Limited Company (Yugen Gaisha) |
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Line of Business : |
Restaurant operator; import, wholesale of rugs & carpets, accessories |
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No. of Employees : |
10 |
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 : |
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 – 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 |
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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
SATHI YOUGEN GAISHA
REGD NAME: Sathi
YK
MAIN OFFICE: Komazawa
Bldg, 4-16-15 Komazawa Setagayaku Tokyo 154-0012 JAPAN
Tel:
03-3410-9533 Fax: 03-3410-9533
Mobile Phone:
090-4422-3323
*.. Registered at: 418
Takao Hachioji City, Tokyo-Metrop
URL: Http.//www.sathi-group.com
E-mail Address: info@sathi-group.com
Restaurant
operator; import, wholesale of rugs & carpets, accessories
At the caption
address; Sengawa, Machida
SOHAIZ AZIZ, PRES
(resident Pakistani)
Eriko Kawamura,
rep dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 100 M*
PAYMENTSUNKNOWN CAPITAL Yen
3 M
TREND STEADY WORTH Yen 25 M
STARTED 1997 EMPLOYES 10
*
Given verbally from the president, S Aziz.
OPERATES INDIAN
RESTAURANTS; IMPORTS CLOTHING, RUGS & CAR- PETS, UPHOLSTERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY
BUSINESS ENGAGEMENTS
The subject company was
established by Sohaiz Aziz, resident Pakistani, in order to make most of his
experience in the subject line of business.
Eriko Kawamura is his wife.
Having lived in Japan over 10 years, he speaks fluent Japanese. This is a small-sized trading firm for import
and wholesale of clothing, clothing accessories, rugs & carpets, curtains,
other upholstery. Also runs three Indian
restaurants at the caption address, Sengawa and Machida. Clothing, rugs & carpets are mostly
imported from Pakistan, where his father keeps a carpet shop. Also imports from India.
The firm does not
disclose its financials and all the figures herein have been verbally provided
from Sohaiz Aziz himself. We have no
other sources to verify the figures, though.
The sales volume for Mar/2012 fiscal term
amounted to Yen 100 million, a 17% down from Yen 120 million in the previous
term. Closed one restaurant. The net profit was posted at Yen 3 million,
down from Yen 5 million a year ago.
Purchasing volume (import) per shipment is around Yen 5 million,
according to S Aziz.
For the term that
ended Mar 2013 the net profit was projected at Yen 3 million, on a similar
turnover, at Yen 100 million. Final
results are yet to be released.
The financial situation
is considered maintained FAIR and good for ORDINARY business engagements.
Date Registered: Nov 1997
Regd No.:
0101-02-002966 (Tokyo-Hachioji)
Legal Status:
Private Limited Company (Yugen Gaisha)
Regd Capital: Yen
3 million
Major shareholders (%): Sohaiz Aziz (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and
wholesales rugs & carpets, curtains, clothing, clothing accessories, other
upholstery, all from Pakistan and India; operates three Indian restaurants
(--100%).
Clients: Visitors,
specialty stores, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from Pakistan
and India.
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Mizonokuchi)
Relations: Money
deposits & transfers only
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
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 |
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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.