|
Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
EAST WEST CORPORATION |
|
|
|
|
Registered Office : |
Sanko Bldg #406, 1-3-9 Minamihonmachi
Chuoku Osaka 541-0054 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
December 1993 |
|
|
|
|
Com. Reg. No.: |
(Osaka-Chuoku)
034148 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and wholesaler
of textile piece goods & products, chemical products |
|
|
|
|
No. of Employees : |
05 |
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 |
|
Maximum Credit Limit : |
Yen 13.8 million |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
EAST WEST CORPORATION
YK East West
Corporation
Sanko Bldg #406,
1-3-9 Minamihonmachi Chuoku Osaka 541-0054 JAPAN
Tel:
06-6264-6530 Fax: 06-6265-9014
URL: N/A
Import,
wholesale of textiles, apparel, chemical products
Nil
JANTIA
A RAMKUMAR, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 760 M
PAYMENTS No
Complaints CAPITAL Yen 30
M
TREND UP WORTH Yen 86 M
STARTED 1993 EMPLOYES 5
TRADING
FIRM SPECIALIZING IN TEXTILES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 13.8 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1973by Jantia A Ramkumar, an Indian resident, in order to make most of his experience in the subject line of business, on his account, and was incorporated in 1993 as a trading firm. This is a trading firm specializing in import, export and wholesale of textile piece goods & products, chemical products, other. Goods are imported mainly from India, other from China, etc. Imports from China are expanding. Goods are supplied to specialty stores, apparel wholesalers, other, centering in the greater-Osaka region.
Financial are only partially disclosed, and in rounded-off numbers.
The sales volume for Mar/2013 fiscal term amounted to Yen 760 million, a 51% up from Yen 503 million in the previous term. The net profit was posted at Yen 1 million, similarly in the previous term.
For the current term ending Mar 2014 the net profit is projected at Yen 2 million, on a 4% rise in turnover, to Yen 790 million. Business is seen expanding steadily. Chemical prices are increasing.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 13.8 million, on 30 days normal terms.
Date Registered: Dec 1993
Regd No.: (Osaka-Chuoku) 034148
Legal Status:
Private Limited Company (Yugen Kaisha)
Regd Capital: Yen
30 million
Major shareholders (%): Birgo KK*(100)
*..
Holding company & apparel retailer, owned by J A Ramkumar
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales textile piece goods & products, chemical products, others (--100%)
Goods are imported from India mainly, other from China, etc.
Clients: [Apparel makers, other] Birgo KK, Marugo Sangyo, Maruwa Chemical, Hoshino Shoten, Takada Shoji Inc, other
Exports to India, Nepal, Afghanistan, China, other.
No. of accounts: 200
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Sumitomo Chemical Ind, Mitsubishi Gas Chemical, Mitsui Chemical, Sanyo Sales & Marketing, Ueda Trading Co, Okahata Sangyo, Toli Corp, Ueda Trading Co, Marunaka Co, other.
Imports from India, China, other
Payment
record: No Complaints
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Semba)
SMBC
(Osaka-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
790 |
760 |
503 |
740 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
2 |
1 |
1 |
2 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
86 |
85 |
84 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.95 |
51.09 |
-32.03 |
23.33 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.25 |
0.13 |
0.20 |
0.27 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
UK Pound |
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
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.