|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Arakawa Sangyo Co Ltd |
|
|
|
|
Registered Office : |
2-14-6 Imado Taitoku Tokyo 111-0024 |
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|
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Country : |
Japan |
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|
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Financials (as on) : |
30.04.2012 |
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|
|
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Date of Incorporation : |
June, 1953 |
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|
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Com. Reg. No.: |
0105-01-000027 (Tokyo-Taitoku) |
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Legal Form : |
Limited Company ( Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of shoe-repairing materials, shoes materials |
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|
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|
No. of Employees : |
10 |
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 |
|
Maximum Credit Limit : |
YEN 8.7 Million |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 |
|
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 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
ARAKAWA SANGYO CO LTD
REGD NAME: Arakawa
Sangyo KK
MAIN OFFICE: 2-14-6
Imado Taitoku Tokyo 111-0024 JAPAN
Tel:
03-3874-8191 Fax: 03-3874-8035
URL: http://www.arakawasangyo.co.jp
E-Mail address: (thru the URL)
Mfg of
shoe-repairing materials, shoes materials
Nil
At the
caption address
TOICHIRO
MAEDA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 490 M
PAYMENTSNo
COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 380 M
STARTED 1953 EMPLOYES 10
MFR SPECIALIZING IN SHOE REPAIRING MATERIALS, SHOES
MATERIALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 8.7 MILLION, 30 DAYS NORMAL TERMS
The
subject company was established originally in 1921 by Shokichi Arakawa for mfg
shoe repairing materials, on his account.
Incorporated in 1958 the firm has been succeeded by his descendants. This is a specialized mfr of shoe reaping
materials, shoes materials, and the related.
Goods are also imported. Acts as
import agent for Tasco Inc (USA).
Financials are only partially disclosed.
The sales volume for Apr/2012 fiscal term amounted to Yen
490 million, an inch up from Yen 488 million in the previous term. The net profit was posted at Yen 21 million,
compared with Yen 18 million a year ago.
For the current term ending Apr
2013 the net profit is projected at Yen 20 million, on a 2% rise in turnover,
to Yen 500 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.7
million, on 30 days normal terms.
Date Registered:
Jun 1953
Regd. No.: 0105-01-000027
(Tokyo-Taitoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major shareholders (%): Maeda families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures shoes repairing
materials, shoe-making materials, other (--100%). Goods are also imported from USA, other
Clients: [Mfrs, wholesalers]
Yazawa Co, Shantei Co, Jewel Co, Nakai Shoten, CQS, Mister Quickman, other
No. of accounts: 200
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Dasco, Gotz, Tacco Foot Care, Harvest Co, Koatsu Cloth Co, Asahi
Rubber Co, Asahi Kogyo Sen-I Co, Dainichi Rubber Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank (Kaminarimon)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
|
Annual
Sales |
|
500 |
490 |
488 |
507 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
20 |
21 |
18 |
21 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
380 |
359 |
341 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.04 |
0.41 |
-3.75 |
14.97 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
4.00 |
4.29 |
3.69 |
4.14 |
|
Notes:
Financials are only partially disclosed.
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.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.