MIRA INFORM REPORT

 

 

Report Date :

07.05.2013

 

IDENTIFICATION DETAILS

 

Name :

ZETTA STORAGE CORPORATION

 

 

Registered Office :

7-7-40-521 Kamiochiai Chuoku Saitama 338-0001

 

 

Country :

Japan

 

 

Date of Incorporation :

Sept 2010

 

 

Com. Reg. No.:

0300-01-017396 (Saitama-Chuoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of electronics equipment, software

 

 

No. of Employees :

1

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

 

Company name & address

 

ZETTA STORAGE CORPORATION

 

REGD NAME

 

KK Zetta Storage

 

MAIN OFFICE:  Mio Kitaura 403, 2-9-16 Motomachi Urawaku Saitama 330-0073 JAPAN

                                    Tel: 048-789-7551

 

*.. Registered at: 7-7-40-521 Kamiochiai Chuoku Saitama 338-0001 JAPAN

                       

URL:                 N/A      

 

ACTIVITIES  

 

Import, wholesale of electronics equipment, software

 

BRANCHES   

 

Nil

 

OFFICER(S)

 

HIROKI HIRAOKA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        UNDETD           A/SALES          Yen 90 M*

PAYMENTS      UNKNOWN       CAPITAL           Yen 1 M

TREND UNDETD           WORTH            Yen 1 M

STARTED         2010                 EMPLOYES      1

                                                                        *.. Only estimated

 

COMMENT

 

TRADING FIRM SPECIALIZING IN ELECTRONIC EQUIPMENT & SOFTWARE. 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS, WHICH THE FIRM DOES NOT DISCLOSE, BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS. 

 

HIGHLIGHTS

           

The subject company was established by Hiroki Hiraoka in order to make most of his experience in the subject line of business.  This is trading firm specializing in import and wholesale of electronic equipment, software, other.  Information is limited as the firm does not disclose them.  All the information contained herein is cited from the Registration Certificate.

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed.

 

The sales volume for the Sept/2012 fiscal term is estimated amounted to Yen 90 million, but this is only estimated as the firm does not disclose them.  The figures have not been verified by third parties, either.

 

Both the financial situation and business trends are not determined due to the lack of proven business record but should be good for MODERATE business engagements. 

 

REGISTRATION

           

Date Registered:                       Sept 2010       

Regd No.:                                  0300-01-017396 (Saitama-Chuoku)

Legal Status:   　         Limited Company (Kabushiki Kaisha)

Authorized:      　         10,000 shares

Issued:             　         100 shares

Sum:                　         Yen 1 million

Major shareholders (%): Hiroki Hiraoka (100)

           

Nothing detrimental is known as to his commercial morality.

 

OPERATION

 

Activities: Imports and wholesales electronics equipment, software, other as related to these businesses (--100%), as cited from the Registration Certificate.

 

Clients: Mfrs, wholesalers, other (not precisely disclosed)

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Goods are imported.

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Saitama)

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.94

UK Pound

1

Rs.84.03

Euro

1

Rs.70.72

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.