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Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
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Name : |
GREENPAN JAPAN CO LTD |
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Registered Office : |
Proplaza 21 Bldg 3F, 4-9-10 Ebisu
Shibuyaku Tokyo 150-0013 |
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Country : |
Japan |
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Date of Incorporation : |
November 2009 |
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Com. Reg. No.: |
0110-01073208 (Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
importer, wholesaler and retailer of (online shop) cookware, bake ware, accessories for home and professional use |
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No. of Employees : |
05-10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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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 |
GREENPAN JAPAN CO LTD
KK Greenpan Japan
Proplaza 21 Bldg
3F, 4-9-10 Ebisu Shibuyaku Tokyo 150-0013 JAPAN
Tel:
03-6868-3487
E-Mail address: (thru the URL)
Import,
wholesale of cookware, bake ware
Nil
Belgium
(headquarters)
ASAKO
WATANABE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Not disclosed
PAYMENTSUnknown
CAPITAL Yen 10 M
TREND UNDETD WORTH Not disclosed
STARTED 2009 EMPLOYES 5-10
TRADING FIRM SPECIALIZING IN COOKWARE, OWNED BY BELGIUM CAPITAL.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE LACK OF PROVEN BUSINESS.
MAX CREDIT LIMIT: UNABLE TO ASSESS DUE TO THE SAME REASON
The subject company was established by Greenpan (Vienna, Belgium) as its marketing base in Japan. The firm imports and wholesales cookware, bake ware for home and professional use.
Financials are consolidated by the Belgium parent and not individually disclosed We have checked this with other sources, but neither TDB nor TSR has any data at all, saying that the firm does not disclose.
Both the financial situation and business trends are not determined due to the lack of proven business, which the firm does not disclose, but should be good for MODERATE business engagements.
Max credit limit is unable to be assessed due to the same reason.
Date Registered: Nov
2009
Regd No.: 0110-01073208 (Tokyo-Shibuyaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%):
Greenpan (Belgium) (100)
No. of shareholders: ^
Nothing
detrimental is known as to the commercial morality of executives.
Activities: imports, wholesales and retails (online shop) cookware, bake ware, accessories, others (--100%)
Clients: Consumers, supermarkets, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Belgium parent and group firms
Payment record: Unknown
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Nippori)
Relations: Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
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UK Pound |
1 |
Rs.99.45 |
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Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.