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Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
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Name : |
HAKUYO CO LTD |
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Registered Office : |
1-7-83 Nishihara Kashiwa Chiba-Pref
277-0885 |
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Country : |
Japan |
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Date of Incorporation : |
February 2010 |
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Com. Reg. No.: |
0400-01-070355 (Chiba-Kashiwa) |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler, manufacturer of house shoes, hoof, hoof
fitting equipment |
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No. of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 900,000.00 |
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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
--- |
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 |
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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 |
HAKUYO CO LTD
KK Hakuyo
1-7-83 Nishihara
Kashiwa Chiba-Pref 277-0885JAPAN
Tel:
047-157-3491 Fax: 047-157-3492
URL: N/A
Wholesale, mfg of house shoes, hoof, hoof fitting equipment
Nil
(subcontracted)
EIJI
KIUCHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Yen 60 M*
PAYMENTSUnknown
CAPITAL Yen 1 M
TREND UNDETD WORTH Yen
1 M
STARTED 2010 EMPLOYES 1
*..
Estimated only as financials undisclosed
TRADING FIRM SPECIALIZING IN HORSE SHOES & HOOF.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECEPT INCEPTION AND WITHOUT PROVEN BUSINESS BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 900,000.00, 30 DAYS, RECOMMENDING SECURED TERMS ON ANY & ALL CREDIT ENGAGEMENTS
The subject company was established by Eiji Kiuchi in order to make most of his experience in the subject line of business. This is a trading firm, owned by E Kiuchi and operating from his home address, specializing in wholesaling horse shoes, hoofs, hoof fixing equipment and the related products. Mfg is consigned to domestic factories. The firm does not report full management & financial information and the contents of this report are mainly based on Registration Certificate. No outside sources have any information to report, either.
Financial are not disclosed, or rather declined to disclose.
The sales volume for Jan 2012 fiscal term is only estimated at Yen 60 million, but the figures are not verified by outside sources.
The financial situation is UNDETERMINED due to the lack of proven business but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 900,000.00 million, on 30 days, on basis of the estimated sales amount. We recommend secured terms on any and all credit engagements.
Date Registered: Feb 2010
Regd No.: 0400-01-070355
(Chiba-Kashiwa)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,000 shares
Issued:
20 shares
Sum: Yen 1 million
Major shareholders
(%): Eiji Kiuchi (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Wholesales and manufactures (outsourced) horse shoes, hoofs, hoof fixing equipment, other (--100%)
Clients: Horse owners, ranches, horse race association, other
No. of accounts: 100
Domestic areas of activities: Centered in greater-Tokyo
Payment record: Unknown
Location: Business area in Kashiwa City, Chiba-Pref. Office premises at the caption address are owned by E Kiuchi as his private residence and maintained satisfactorily.
Bank References:
Local Bank (Kashiwa)
Relations: Money deposits and transfers only
(In Million Yen)
NOT MADE AVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.93 |
|
UK Pound |
1 |
Rs.91.81 |
|
Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.