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Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
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Name : |
STELLA CO LTD |
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Registered Office : |
941 Takimamuro Konosu Saitama-Pref
365-0044 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
February 1991 |
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Com. Reg. No.: |
0300-01-061767
(Saitama-Konosu) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of security & IT systems,
monitoring cameras |
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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 : |
Slow |
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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 |
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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 |
STELLA CO LTD
KK Stella
941 Takimamuro
Konosu Saitama-Pref 365-0044 JAPAN
Tel: 048-543-1761 Fax: 048-543-1652
URL: http://www.stella-japan.com
E-Mail address: (thru the URL)
Import,
export, wholesale of security & IT systems, monitoring cameras, others
Tokyo,
Sendai, Yamagata
KEN’ICHI
SUGINO, PRES
Misako
Sugino, dir
Tsuneko
Sugino, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 234 M
PAYMENTS slow CAPITAL Yen 10 M
TREND UP WORTH Yen (-) 8 M
STARTED 1991 EMPLOYES 10
TRADING FIRM SPECIALIZING IN SECURITY & IT SYSTEMS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGGEMENTS
The subject company was established by Ken’ichi Sugino in order to make most of his experience in the subject line of business. This is a family-based trading firm for import, export and wholesale of security & IT systems: surveillance cameras, computer software, other. 70% of the products are retailed.
Financials are only partially disclosed as is the case with
family-based companies.
The sales volume for Jul/2012 fiscal term amounted to Yen 234 million, an 11% up from Yen 210 million in the previous term. Surveillance cameras and security systems were in good demand, particularly after the Earthquake. The operations came back to profitability to post Yen 1 million net profit for the term, compared with Yen 5 million net losses a year ago.
For the current term ending Jul 2013 the net profit is
projected at Yen 2 million, on a 5% rise in turnover, to Yen 245 million.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Net worth is negative.
Date Registered: Feb 1991
Regd No.: 0300-01-061767 (Saitama-Konosu)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Ken’ichi Sugino (95), Misako
Sugino (5)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports, wholesales and retails security & IT systems: surveillance cameras, PC software (on consignment), CCD cameras, web home page building, data base building, office network systems, PC’s, others (--100%)
Retails
(70%)
Clients:
[Consumers, mfrs, wholesalers] Musashino Kagaku Co, Fukui Ind Co, Soken Ind Co,
other. Consumers (70%)
No. of
accounts: 200
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Hirano Tsushin Kizai Inc, NSA, IS Communications Inc, other
Payment
record: slow
Location:
Business area in Konosu, Saitama-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Gunma Bank (Konosu)
Towa Bank (Konosu)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
Annual
Sales |
|
245 |
234 |
210 |
170 |
|
Recur.
Profit |
|
.. |
.. |
|
-3 |
|
Net
Profit |
|
2 |
1 |
-5 |
-7 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
-8 |
-9 |
-4 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.70 |
11.43 |
23.53 |
-17.87 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
0.82 |
0.43 |
-2.38 |
-4.12 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
UK Pound |
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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.