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Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
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Name : |
MARUTA FUHAKU CO LTD |
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Registered Office : |
2-3-6 Kawaramachi Chuoku Osaka 541-0048 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
February, 1957 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale, retail of children & babies wear |
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No. of Employees : |
39 |
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 : |
Slow |
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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 |
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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 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.
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Source
: CIA |
MARUTA FUHAKU CO
LTD
Maruta Fuhaku KK
2-3-6 Kawaramachi Chuoku Osaka 541-0048 JAPAN
Tel: 06-6201-2161
URL: http//:www.maruta-f.co.jp
E-mail: mother@maruta-f.co.jp
Import, wholesale, retail of children & babies wear
Nil
China (subcontracted mfg)
YOSHINOBU YOSHIMURA, PRES
Kotaro Kato, ch Yoshikatsu
Nakatsuka, mgn dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 1,075 M
PAYMENTS SLOW CAPITAL Yen 123 M
TREND SLOW WORTH Yen 305 M
STARTED 1957 EMPLOYES 39
IMPORTER AND WHOLESALER OF BABIES/CHILDREN’S WEEAR
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
The subject company was established by Kotaro Yoshimura in order to make
most of his experience in the subject line of business. This is a trading firm for import and
wholesale of clothing for children & babies. Goods are subcontracted mfg in China. Clients include department stores, super
markets, other
Financials are only partially disclosed.
The sales volume for Jun/2013 fiscal term amounted to Yen 1,075 million,
a 3% down from Yen 1,103 million in the previous term. The operations continue in the red to post
Yen 94 million net losses, compared with Yen 100 million net losses a year
ago. .
For the term that ended Jun 2013 the operations were projected to come
back profitability but still limited to a minimum amount post-taxes, on a 2%
rise in turnover, to Yen 1,100 million
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date
Registered: Feb 1957
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 984,000
shares
Issued:
246,000 shares
Sum:
Yen
123 million
Major shareholders
(%): Employees’ S/Holding
Assn (32), Yoshikatsu Nakatsu (12), Muneo Tatsumi (11), Kotaro Kato (10), Hideo
Takita (7)
No.
of shareholders: 11
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales babies/children’s clothing & wear (--100%).
Clients: [Mfrs,
wholesalers] Mitsukoshi Isetan, Takashimaya, Shimamura, Daimaru Matsuzakaya,
other, Uny Co, other
No. of accounts: 300
Domestic areas of activities: Centered in
greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports from China
Domestically
supplied from Toyoshima, Toko Trading, Yagi Tsusho, other,
Payment
record: Slow
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Kinki Osaka Bank (Semba)
MUFG (Kawaramachi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
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Annual Sales |
|
1,100 |
1,075 |
1,103 |
1,348 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
0 |
-94 |
-100 |
-10 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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|
305 |
221 |
121 |
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Capital, Paid-Up |
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|
123 |
123 |
123 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.33 |
-2.54 |
-18.18 |
-9.10 |
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Current Ratio |
.. |
.. |
.. |
||
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N.Worth Ratio |
.. |
.. |
.. |
||
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N.Profit/Sales |
0.00 |
-8.74 |
-9.07 |
-0.74 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.101.17 |
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Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.