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Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
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Name : |
SANSHO TRADING CO INC |
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Registered Office : |
1-2-5 Awaza Nishiku Osaka 550-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2013 |
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Date of Incorporation : |
June 1947 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and wholesalers of peanuts, sweet roasted
chestnuts (Tenshin Amaguri), rugs & carpets, fishery products |
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No. of Employees : |
18 |
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 |
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Status : |
Satisfactory |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
SANSHO TRADING CO INC
Sansho Boeki KK
1-2-5 Awaza
Nishiku Osaka 550-0011 JAPAN
Tel:
06-6533-8850 Fax: 06-6533-3161
URL: http://www.sanchang.co.jp
E-Mail
address: info-peanuts@sanchang.co.jp
Import,
wholesale of peanuts, chestnuts, rugs & carpets, fishes, other
Tokyo
China
China
(Peanuts factory)
JUN’YA
SAKAI, PRES
Yuki
Sakai, dir
Miyoko
Sakai, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,010 M
PAYMENTS Slow
but Correct CAPITAL Yen
30 M
TREND UP WORTH Yen 4,633 M
STARTED 1947 EMPLOYES 18
TRADING FIRM
SPECIALIZING IN FOODS, CARPETS, OTHER.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company
was established by grandfather of Jun’ya Sakai as a trading firm specializing
in peanuts, chestnuts, other. Jun’ya
took the pres office in Feb 2000. This
is a family-based trading form specializing in peanuts, chestnuts, rugs &
carpets, fishery products, other.
Operates a peanuts factory in China.
Financial status is solid with debt-free operations continued. Clients include peanuts makers, shops, other.
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for
Aug/2012 fiscal term amounted to Yen 3,010 million, an 11% up from Yen 2,700
million in the previous term. Imports of
roasted chestnuts increased. Rugs &
carpets prices went up. The net profit
was posted at 5 million, similarly in the previous term.
For the term that
ended Aug 2013 the net profit was projected at Yen 7 million, on a 5% rise in
turnover, to Yen 3,160 million. Final
results are yet to be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun
1947
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major shareholders (%): Jun’ya Sakai & families
(--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales peanuts, sweet roasted chestnuts (Tenshin
Amaguri) (60%), rugs & carpets (20%), fishery products (10%), others (10%)
Clients: [Mfrs, wholesalers] Yoshida-Peanut Co, Denroku Co, Gomei Shoji Co,
Osaka Kazuya Co, Morimoto Shoten, JEFSA Central Inc, other
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Imports from China, Indonesia, Africa, Norway,
USA, other
Payment record: Slow but Correct
Location: Business area in Osaka. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC (Dojima)
MUFG
(Osaka-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
Annual
Sales |
|
3,160 |
3,010 |
2,700 |
2,400 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
7 |
5 |
5 |
3 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
4,633 |
4,628 |
4,623 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.98 |
11.48 |
12.50 |
20.00 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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|
N.Profit/Sales |
0.22 |
0.17 |
0.19 |
0.13 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
UK Pound |
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.