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Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ISHIGURO TRADING CO LTD |
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Registered Office : |
510, Nishigenno Kataichiba Cho,
Inza wa shi Aichi |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
June, 1987 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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LINE OF BUSINESS : |
IMPORT
AND WHOLESALE OF CEREALS, SOY BEANS, PET FOODS, HERBAL TEAS |
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 : |
No Complaints |
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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 |
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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
ISHIGURO TRADING CO LTD
REGD NAME: Ishiguro
Boeki KK
MAIN OFFICE: 165
Inokuchi-Kakinokicho Inazawa City Aichi-Pref 492-8157JAPAN
Tel: 0587-21-3719 Fax: 0587-21-5213
*.. The is its Registered Address
URL: N/A
E-mail
address: birdseed@quartz.ocn.ne.jp
Import,
wholesale of cereals, soy beans, pet foods, herbal teas
Nil
Ichinomiya
(Aichi-Pref) (processing)
SEIJI
ISHIGURO, PRES
Takako
Ishiguro, dir
Seiichi
Ishiguro, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 944 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 585 M
STARTED 1987 EMPLOYES 5
IMPORTER
OF CEREALS, PET FOODS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The
subject company was established by Seiji Ishiguro in order t make most of his
experience in the subject line of business.
This is a trading firm, owned and operated by the Ishiguro family, for
import and wholesale of cereals, soy beans, pet foods, feeds for pet birds,
herbal tea, health foods, other. Goods
are imported from Australia, Canada, USA, India, Thailand, China, other.
Financials are only partially disclosed as is the case with
family-based companies.
The
sales volume for May/2012 fiscal term amounted to Yen 944 million, a 27% down
from Yen 1,298 million in the previous term.
Demand declined and sales were down. More emphasis on pet feeds. The net profit was posted at Yen 47 million,
compared with Yen 22 million a year ago.
.
For
the term that ended May 2013 the net profit was projected at Yen 25 million, on
a 4% rise in turnover, to Yen 980 million.
Final results are yet to be released.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1987
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Seiji
Ishiguro (60), Takako Ishiguro (40)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and
wholesales pet foods, feeds for pet birds (30%), soy beans, cereals, herbal teas, other natural leaves (--70%).
Imports
90%.
Clients: [Mfrs,
wholesalers] Pets Ishibashi (10%), Ohtani Shoten (10%), Konki Corp, other
No. of
accounts: 300
Domestic
areas of activities: Centered in Aichi-Pref
Suppliers: [Mfrs, wholesalers] Imports
from China (50%), Australia, USA, India, Thailand, Canada, other.
Payment record: No Complaints
Location: Business area in Inazawa
City, Aichi-Pref. Office premises at the
caption address are owned and
maintained satisfactorily.
Bank References:
Ogaki
Kyoritsu Bank (Oosato)
SMBC
(Nagoya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
|
Annual
Sales |
|
980 |
944 |
1,298 |
1,252 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
25 |
47 |
22 |
-23 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
585 |
538 |
516 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.81 |
-27.27 |
3.67 |
-11.77 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
2.55 |
4.98 |
1.69 |
-1.84 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
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.