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Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
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Name : |
KYOEISHA CO LTD |
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Registered Office : |
Dia Palace Renessa Sengeidai 101, 1-16-2 Sengendai-Nishi Koshigaya 343-0041 Saitama-Pref |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
May 2004 |
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Com. Reg. No.: |
0300-02-091635 (Saitama-Koshigaya |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Japanese restaurant operation |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 : |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
KYOEISHA CO LTD
REGD NAME: YK
Kyoeisha
MAIN OFFICE: Dia
Palace Renessa Sengeidai 101, 1-16-2 Sengendai-Nishi Koshigaya
343-0041
Saitama-Pref JAPAN
Tel: 048-978-7555
URL: N/A
Japanese
restaurant operation
Nil
At the caption
address
ATSUSHI KOGAHARA,
PRES
Takeshi Kogahara,
rep dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,013 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen 3 M
TREND UP WORTH Yen 74 M
STARTED 2004 EMPLOYES 50
JAPANESE RESTAURANT OPERATOR.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established by Atsushi Kogahara in order to make most of his experience in the
subject line of business. This is a
Japanese restaurant operator at the caption address. It also serves to Apa Hotels & Resorts,
operating 100-150 hotels/resorts nationwide.
Financials are only
partially disclosed.
The sales volume for Mar/2012 fiscal term
amounted to Yen 1,013 million, a 26% up from Yen 804 million in the previous
term. The number of hotels/resorts of
the client, Apa Hotel & Resorts, increased.
The net profit was posted at Yen 3 million, compared with 24 million a
year ago.
For the current term
ending Mar 2013 the net profit is projected at Yen 3 million, on a 4% rise in
turnover, to Yen 1,050 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date
Registered: May 2004
Regd
No.: 0300-02-091635 (Saitama-Koshigaya
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 60
shares
Issued:
60 shares
Sum:
Yen 3 million
Major shareholders
(%): Atsushi Kogahara (100)
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Japanese
restaurant operator (100%)
Clients: Consumers, hotels
(Apa Hotel & Resorts), other
No. of accounts:
200
Domestic areas of
activities: Nationwide
Suppliers: Mfrs,
wholesalers, food shops, other
Payment record: Slow but correct
Location: Business area in
Koshigaya, Saitama-Pref. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Kasukabe)
Ashikaga Bank
(Kasukabe)
Relations: Satisfactory
(In Million
Yen)
|
|
|
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
Annual
Sales |
|
1,050 |
1,013 |
804 |
529 |
|
Recur.
Profit |
|
|
|
|
|
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Net
Profit |
|
3 |
3 |
24 |
44 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
74 |
71 |
47 |
|
Capital,
Paid-Up |
|
|
3 |
3 |
3 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.65 |
26.00 |
51.98 |
23.60 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.29 |
0.30 |
2.99 |
8.32 |
|
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/03/2013 fiscal term.
MARCH /2013
FINANCIALS ARE YET TO BE RELEASED.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.91.98 |
|
Euro |
1 |
Rs.78.69 |
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 |
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<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.