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Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
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Name : |
KITAHARA SHOJI KK |
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Registered Office : |
Sanko Green Height 201, 3-2-2 Sekimachi-Kita Nerimaku Tokyo 177-0051 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
July 1972 |
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Com. Reg. No.: |
0116-01-001748 (Tokyo-Nerimaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of laboratory instruments |
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No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
KITAHARA SHOJI KK
REGD NAME: Kitahara
Shoji KK
MAIN OFFICE: Sanko
Green Height 201, 3-2-2 Sekimachi-Kita Nerimaku Tokyo 177-0051
JAPAN
Tel:
03-3920-7549 Fax: 03-3920-7286
*.. Tochigi Branch at:
Hagagun Tochigi-Pref
URL: http://www.kitahara.co.jp
E-Mail address: h_kitahara@kitahara.co.jp
Import, export,
wholesale of laboratory instruments
Tsukuba, Chiba,
Tochigi (as given), Tsuchiura
HIRAKAZU KITAHARA,
PRES
Masakazu Kitahara,
dir
Koji Usui, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,736 M
PAYMENTSREGULAR CAPITAL Yen
28 M
TREND SLOW WORTH Yen 70 M
STARTED 1972 EMPLOYES 25
TRADING FIRM SPECIALIZING IN LABORATORY INSTRUMENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: JPY 2,000,000.00.
The subject company was
established by Hirakazu Kitahara in order to make most of his experience in the
subject line of business. This is a
trading firm specializing in import, export and wholesale of laboratory
apparatus, measuring instruments, others.
Clients include universities, laboratories, machinery makers, other
The sales volume for Apr/2012 fiscal term amounted to Yen 1,736 million,
a 4% down from Yen 1,806 million in the previous term. Sales were affected negatively by the Great
North Japan Earthquake in Mar 2011 and Thai floods. The recurring profit was posted at Yen 6
million and the net profit at Yen 2 million, respectively, compared with Yen 1
million recurring profit and Yen 1 million net profit, respectively, a year
ago.
For the current term ending Apr 2013 the recurring profit is projected
at Yen 8 million and the net profit at Yen 3 million, respectively, on a 4%
rise in turnover, to Yen 1,800 million.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements.
Date Registered: Jul 1972
Regd No.:
0116-01-001748 (Tokyo-Nerimaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,240 shares
Issued: 560
shares
Sum: Yen 28 million
Major shareholders (%): Hirakazu Kitahara
(50), Masakazu Kitahara (20), Hidetaka Hida (12)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales laboratory instruments (30%), testing apparatus (30%), measuring
instruments, others (--40%).
Clients: [Mfrs,
wholesalers] Nippon Steel & Sumitomo Metal Ind, Honda Motor Co, Honda
Racing, Tsukuba Univ, Tokyo Univ, KEK, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] NEC Network Products, SYNNEX Infotec Corp, Showa Electric
Laboratory, Daiwabo Information System, Yuasa Corp, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Chiba Bank
(Futtsu)
MUFG (Mitaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
|
|
Annual
Sales |
|
1,800 |
1,736 |
1,806 |
1,993 |
|
Recur.
Profit |
|
8 |
6 |
1 |
|
|
Net
Profit |
|
3 |
2 |
1 |
14 |
|
Total
Assets |
|
|
924 |
787 |
969 |
|
Current
Assets |
|
|
652 |
542 |
|
|
Current
Liabs |
|
|
630 |
548 |
|
|
Net
Worth |
|
|
70 |
69 |
71 |
|
Capital,
Paid-Up |
|
|
28 |
28 |
28 |
|
Div.P.Share(¥) |
|
|
1.40 |
2.80 |
2.20 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.69 |
-3.88 |
-9.38 |
-9.70 |
|
|
Current Ratio |
|
.. |
103.49 |
98.91 |
.. |
|
N.Worth Ratio |
.. |
7.58 |
8.77 |
7.33 |
|
|
R.Profit/Sales |
|
0.44 |
0.35 |
0.06 |
.. |
|
N.Profit/Sales |
0.17 |
0.12 |
0.06 |
0.70 |
|
|
Return On Equity |
.. |
2.86 |
1.45 |
19.72 |
|
Notes: Forecast
(or estimated) figures for the 30/04/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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.