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Report Date : |
09.03.2013 |
IDENTIFICATION DETAILS
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Name : |
DAITO TRADE CORPORATION |
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Registered Office : |
Daito Bldg 3F, 2-3-14 Saiwaicho Naniwaku
Osaka 556-0021 |
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Country : |
Japan |
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Date of Incorporation : |
December 1978 |
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Com. Reg. No.: |
1200-01-038753
(Osaka-Naniwaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of working tools,
machine tools |
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No. of Employees : |
05 |
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 : |
Usually 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further 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 in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues 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 |
DAITO TRADE CORPORATION
Daito Bussan KK
Daito Bldg 3F, 2-3-14
Saiwaicho Naniwaku Osaka 556-0021 JAPAN
Tel:
06-6568-6855
Fax: 06-6568-6855
URL: N/A
Export
of working tools, machine tools
Nil
SHIGEHIRO
KISHIMOTO, PRES
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES UNDETD A/SALES Yen 500 M*
PAYMENTS Usually
Correct CAPITAL Yen 10 M
TREND UNDETD WORTH Yen
- - - M
STARTED 1978 EMPLOYES 5
*..
Estimated figures only & not verified
TRADING FIRM FOR EXPORT OF WORKING TOOLS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Shigehiro Kishimoto in order to make
most of his experience in the subject line of business. This is a trading firm specializing in
exporting working tools, machine tools, other
Goods are exported to China, S/E Asia, Mid/Near East, Taiwan, Hong Kong,
India, Malaysia, Pakistan, other. The
firm does not disclose any of its financials and managerial information and the
contents of this report are primarily based on the Registration Certificate.
Financials are not disclosed. The
only figures obtained are for Sept/2008 term when the firm reported sales at
Yen 900 million. Even since, the firm
declined to give any financial figures.
The most probable figures for Sept/2012 fiscal term are around Yen 500
million, which third parties agree, but they are not verified by any proven
business.
Both the financial situation and business records are not determined due
to the lack of proven business records but should be good for MODERATE business
engagements.
Date Registered: Dec 1978
Regd No.: 1200-01-038753 (Osaka-Naniwaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
24,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Shigehiro Kishimoto (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Exports working tools, machine tools, others (--100%).
Clients: [Mfrs, wholesalers] Exports to: S/E Asia, Mid/Near East, China, Taiwan, Hong Kong, Indi, Malaysia, Pakistan, India, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Fuji Electric Co, Okaya & Co, Hoei Kinzoku Kogyo, Hakuyo Sangyo Co, Kusano Co, other
Payment record: Usually Correct
Location: Business area in Osaka. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Namba)
Saikyo Bank (Uebu-1chome)
Relations: Money deposits & transfers only
(In Million Yen)
NOT DISCLOSED & UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.40 |
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UK Pound |
1 |
Rs.81.57 |
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Euro |
1 |
Rs.71.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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---- |
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.