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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
EBISTRADE INC |
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Registered Office : |
Koshin Bldg 1/3F, 2-2-22 Kanda-Nishikicho
Chiyodaku Tokyo 101-0054 |
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Country : |
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Financials (as on) : |
28.02.2013 |
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Date of Incorporation : |
March 2000 |
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Com. Reg. No.: |
0100-01-068278
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Consigned manufacturer of media disks; Russian trade,
import of security instruments |
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No. of Employees : |
29 |
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 : |
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 |
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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 |
EBISTRADE INC
Ebistrade KK
Koshin Bldg 1/3F,
2-2-22 Kanda-Nishikicho Chiyodaku Tokyo 101-0054 JAPAN
Tel:
03-3518-2871 Fax: 03-3518-2872
E-Mail address: info@ebistrade.com
Consigned
mfg of media disks; Russian trade, import of security instruments
Nil
(subcontracted)
RYOJI
TERAI, PRES Yasuo Yamada,
dir
Kazutoshi
Tanaka, dir Seigo Tanaka, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,172 M
PAYMENTS No Complaints
CAPITAL Yen 447 M
TREND STEADY WORTH Yen 697 M
STARTED 2000 EMPLOYES 29
TRADING FIRM SPECIALIZING IN MEDIA DISKs, SECURITY
INSTRUMENTS, RUSSIAN TRADE.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established on the basis of a division separated from Mitsuiwa Corporation (See REGISTRATION). This is a trading firm, with mfg division, for import, export and wholesale of media disks, security-related equipment, Russia trading, mainly exporting used cars, other. Media disks are consigned mfg to domestic & overseas makers.
The sales volume for Feb 2013 fiscal term amounted to Yen 5,172 million, a 1.5% up from Yen 5,097 million in the previous term. The recurring profit was posted at Yen 114 million and the net profit at Yen 32 million, respectively, compared with Yen 143 million recurring profit and Yen 64 million net profit, respectively, a year ago.
For the current term ending Feb 2014 the recurring profit is projected at Yen 120 million and the net profit at Yen 35 million, respectively, on a 3% rise in turnover, to Yen 5,350 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements
Date Registered: Mar 2000
Regd No.: 0100-01-068278 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 8,947
shares
Issued:
8,947 shares
Sum: Yen 447.35 million
Major shareholders (%): Mitsuiwa Corp (90.5), MUFG (5),
Nipponkoa Insurance Co (3), Orient Corp (1.5)
No. of shareholders: 4
*.. Mitsuiwa Corp, Tokyo, system
integration, founded 1964, capital Yen 409 million, sales Yen 56,700 million, operating
profit Yen 934 million, recurring profit Yen 878 million, net profit Yen 878
million, total assets Yen 28,478 million, employees 1,124, pres Takuya Komatsu
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales: media disks (DVD/CD) (mfg is consigned), Russian trading (mainly export of used cars, commodities, etc in Siberia and east Russia region), security & airport-related equipment (metal detectors, X-ray detectors, other), others (--100%)
Clients: [Mfrs, wholesalers] Benesse Corp, Korean Chemical, Best Sellers Inc, Seijo Far East, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sojitz Corp Taiwan, Auto Servers, CEIA (Italy), Astrophysical (USA), Tokyo Gas Engineering, USS Seijo, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Tokyo)
Resona
Bank (Tokyo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
|
|
Annual
Sales |
|
5,350 |
5,172 |
5,097 |
5,007 |
|
Recur.
Profit |
|
120 |
114 |
143 |
186 |
|
Net
Profit |
|
35 |
32 |
64 |
54 |
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Total
Assets |
|
|
2,515 |
2,558 |
2,264 |
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Current
Assets |
|
|
2,312 |
2,378 |
2,044 |
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Current
Liabs |
|
|
1,763 |
1,783 |
1,553 |
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Net
Worth |
|
|
697 |
678 |
618 |
|
Capital,
Paid-Up |
|
|
447 |
447 |
447 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.44 |
1.47 |
1.80 |
56.81 |
|
|
Current Ratio |
|
.. |
131.14 |
133.37 |
131.62 |
|
N.Worth Ratio |
.. |
27.71 |
26.51 |
27.30 |
|
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R.Profit/Sales |
|
2.24 |
2.20 |
2.81 |
3.71 |
|
N.Profit/Sales |
0.65 |
0.62 |
1.26 |
1.08 |
|
|
Return On Equity |
.. |
4.59 |
9.44 |
8.74 |
|
Notes:
Forecast (or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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 |
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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 |
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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.