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Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
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Name : |
ACACIA JAPAN DELTAPOINT KK |
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Registered Office : |
9-9-802 Ichibancho Chiyodaku Tokyo 102-0082 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
June 1992 |
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Com. Reg. No.: |
0100-01-009582 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and
wholesales cardboard materials (K liners, other), paper coating agents, used
papers, other (--100%) |
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No. of Employees : |
4 |
RATING & COMMENTS
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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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Maximum credit Limit : |
Yen 28.0 Million |
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
ACACIA JAPAN DELTAPOINT KK
REGD NAME: Acacia
Japan Deltapoint KK
MAIN OFFICE: 9-9-802
Ichibancho Chiyodaku Tokyo 102-0082 JAPAN
Tel:
03-3221-0401 Fax: 03-3221-0402
URL: N/A
Import,
export, wholesale of K liner (cardboard), paper coating agents, other
Nil
USA
HIDEJIRO
TENOH, PRES
Mie
Tenoh, dir
Miyoko
Ogawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen
1,300 M
PAYMENTS No complaints CAPITAL Yen
16 M
TREND SLOW WORTH Yen
310 M
STARTED 1992 EMPLOYES 4
TRADING FIRM SPECIALIXING IN CARDBOARD MATERIALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 28.0 MILLION, 30 DAYS NORMAL TERMS
The subject
company was established by Hidejiro Tenoh in order to make most of his
experience in the subject line of business.
This is a trading firm for import, export and wholesale of cardboard
materials (K liners), paper coating agents, scraps (used paper), other. Imports from PCA mainly. Clients include cardboard makers, other.
Financials
are only partially disclosed.
The sales volume for Feb/2013
fiscal term amounted to Yen 1,300 million, a similar amount in the previous
term. The net profit is estimated posted
at Yen 30 million, similarly in the previous term. Profits are not precisely disclosed and only
estimated.
For the
current term ending Feb 2014 the net profit is projected at Yen 35 million, on
a 5% rise in turnover, to Yen 1,370 million.
Weaker Yen may raise sales turnover in Yen terms.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 28.0 million, on 30 days normal terms.
Date Registered: Jun
1992
Regd No.: 0100-01-009582 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,280 shares
Issued:
320 shares
Sum: Yen 16 million
Major shareholders (%): Hidejiro Tenoh and families
(--100)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
cardboard materials (K liners, other), paper coating agents, used papers, other
(--100%)
Clients: [Mfrs, wholesalers] Yamada Corrugated
Container Co, Oji Interpack Co, other
No. of
accounts: 100
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Supplied from PCA,
other
Payment record: No complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Kojimachi-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
|
Annual
Sales |
|
1,370 |
1,300 |
1,300 |
1,300 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
35 |
30 |
30 |
30 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
310 |
280 |
250 |
|
Capital,
Paid-Up |
|
|
16 |
16 |
16 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
5.38 |
0.00 |
0.00 |
62.50 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
2.55 |
2.31 |
2.31 |
2.31 |
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Notes:
Financials are only partially disclosed.
Profits are estimated only as not disclosed.
Forecast
(or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
-- |
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.