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Report Date : |
21.11.2013 |
IDENTIFICATION DETAILS
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Name : |
WORLD TRADING CO LTD |
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Registered Office : |
1-10 Enshojicho Okazaki \\Sakyoku Kyoto 606-8344 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
August, 1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Mfg of tacos, bread, other |
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No. of Employees : |
55 |
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 but Correct |
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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 |
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Moderate |
B1 |
|
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.
|
Source
: CIA |
WORLD
TRADING CO LTD
REGD
NAME: KK W. T.
MAIN
OFFICE: 1-10 Enshojicho Okazaki \\Sakyoku Kyoto 606-8344 Japan
Tel: 075-771-7900 Fax: 075-771-6060
URL: http//:www.worldtrading.jp
E-mail: (thru
the URL)
Mfg of tacos, bread, other
Tokyo, Kyoto (3)
China, Korea, Thailand
Kanagawa (2), Thailand
KUNIO BESSHO, PRES Toshihiko Takahashi, v pres
Hitomi Takahashi, dir Nobuhiko Bessho, dir
Hisayoshi Ishida, dir Hideemi Takahashi, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,422 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 50 M
TREND UP WORTH Yen 21 M
STARTED 1991 EMPLOYES 55
BAKERY
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was
established by Kunio Besssho in order to make most of his experience in the
subject line of business. This is a
bakery, making bread, tacos, other. Has
bread factory in Thailand. Clients
include coffee ships, restaurants, other.
Financials are only partially
disclosed.
The sales volume for Jul/2012
fiscal term amounted to Yen 1,422 million, a 2% up from Yen 1,400 million in
the previous term. The operations,
however, plunged into the deficit to post Yen 67 million net losses for the
term. Material costs were up, the firm
says/
For the term that ended Jul 2013
the net profit was projected at Yen 10 million, on a 2% rise in turnover, to
Yen 1,450 million, Final results are yet to be released..
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered:
Aug 1993
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
4,000
Issued: 1,000
shares
Sum: Yen
50 million
Major shareholders (%): Kunio Bessho (100)
Nothing detrimental is known as
to the commercial morality of executives.
Activities: This is a bakery, making tacos,
bread, dried bead, other (--100%.
Clients: [Mfrs, wholesalers] Morimura Bros,
Initio Foods, Nikken Foods, UCC Ueshima Coffee, Okinawa Ham Foods, other
No. of accounts: 300
Domestic areas of activities:
Centered in Kyoto and vicinities
Suppliers: [Mfrs, wholesalers] Alfred
Enterprise, Daiana, other,
Payment record: Slow but Correct
Location: Business area in Kyoto. Office premises at the caption address are owned
and maintained satisfactorily.
Bank References:
Kyoto Shinkin Bank (Kawaramachi)
SMBC (Kyoto)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
Annual
Sales |
|
1,450 |
1,422 |
1,400 |
300 |
|
Recur.
Profit |
|
.. |
-67 |
1 |
.. |
|
Net
Profit |
|
10 |
-67 |
10 |
10 |
|
Total
Assets |
|
|
1,149 |
N/A |
N/A |
|
Net
Worth |
|
|
21 |
88 |
78 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth
Rate |
1.97 |
1.57 |
366.67 |
-76.17 |
|
|
Current
Ratio |
|
|
.. |
.. |
.. |
|
N.Worth
Ratio |
|
1.83 |
.. |
.. |
|
|
N.Profit/Sales |
0.69 |
-4.71 |
0.71 |
3.33 |
|
Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures
for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.56 |
|
|
1 |
Rs.100.77 |
|
Euro |
1 |
Rs.84.71 |
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 |
|
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.