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Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
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Name : |
MEIYO BOEKI SHOKAI |
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Registered Office : |
Pro Palace Azuchimachi Bldg, 1-6-19 Azuchimachi Chuoku Osaka 541-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
February, 1989 |
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Com. Reg. No.: |
1200-04-013406 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import, export,
wholesale of textile machinery, cotton yarns, fabrics, used cars |
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No. of Employees : |
8 |
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 : |
Unknown |
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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) |
|
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 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 |
MEIYO BOEKI SHOKAI (SOLE
PROPRIETORSHIP)
Meiyo Boeki Shokai
Pro Palace
Azuchimachi Bldg, 1-6-19 Azuchimachi Chuoku Osaka 541-0052 JAPAN
Tel:
06-6264-0190 Fax: 06-6264-0147
URL: N/A
Import, export,
wholesale of textile machinery, cotton yarns, fabrics, used cars
Nil
BADHELIA YUSUF,
PROPRIETOR
Mohamed Yusuf,
assistant dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 1,600 M
PAYMENTSUNKNOWN CAPITAL -
- - M
TREND SLOW WORTH Yen 377 M
STARTED 2003 EMPLOYES 8
TRADING FIRM SPECIALIZING IN TEXTILE MACHINERY.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
The subject firm is a sole proprietorship founded originally in 1969 by
Badhelia Yusuf, a Pakistani resident businessman, in order to make most of his
experience in the subject line of business by utilizing his wide networks in
Pakistan and Japan. In Feb 1989
registered as proprietor ship under the caption name. Mohamed Yusuf is his son. This is a trading firm for import, export and
wholesale of textile weaving machines centrally, cotton yarns, fabrics, and
related goods. The subject also exports
used motor cars/motor cycles & parts to Pakistan, India, China, other S/E
Asian countries, East Europe, Africa, USA, other. Imports are from India, Pakistan, other. Domestic clients include general trading
houses, textile makers, etc.
Financials are only partially disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 1,600 million, a similar amount in the previous term. Sales were hurt by the high Yen, reducing earnings & profits in Yen terms. The net profit was posted at Yen 40 million, compared with Yen 45 million net profit a year ago.
For the term that ended Dec 2012 the net profit was projected at Yen 40 million, on a 3% rise in turnover, to Yen 1,650 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for MODERATE business ngagements. Max credit limit is estimated at Yen 28.8 million, on 30 days normal terms.
Date Registered: Feb 1989
Regd No.:
1200-04-013406
(Osaka-Chuoku)
Legal Status: Sole Proprietorship
Net Worth:
Yen 377 million
This is a trading firm wholly owned and operated by Badhelia Yusuf, on
his account. The net worth is estimated
at Yen 377 million, which derived from his savings.
Nothing detrimental is known as to his
commercial morality.
Activities: Imports, exports
and wholesales textile weaving machines/equipment, their parts & components (70%), cotton yarns
(10%), fabrics (10%), used cars & parts, others (--10%).
Clients: [Apparel makers,
wholesalers] Kanebo Ltd, Teijin Ltd, Sojitz Corp, Toyota Tsusho Corp, Takisada Osaka, other.
Exports to India, China, Pakistan, Nepal,
Arab states, USA, Eastern Europe, other.
No. of accounts:
50
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Tsudakoma Corp, Teijin Ltd, Kanebo Ltd, Toyota Tsusho Corp, Sojitz Corp, other.
Imports from India
(10%), Pakistan, China, etc.
Payment record: Unknown
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Hong Kong Shanghai
Bank (Osaka)
Mizuho Bank
(Semba)
Relations: Money
deposits & transfers only
（In Million Yen）
|
Terms Ending: |
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Annual
Sales |
|
1,650 |
1,600 |
1,600 |
1,650 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
40 |
40 |
45 |
30 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
377 |
337 |
306 |
|
Capital,
Paid-Up |
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|
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|
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.13 |
0.00 |
-3.03 |
-25.00 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
2.42 |
2.50 |
2.81 |
1.82 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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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 |
|
<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.