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Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
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Name : |
RYUSHO BUSSAN CO LTD |
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Registered Office : |
Monzen-Nakacho Park Homes 1F, 2-33-3 Eitai Kotoku Tokyo 135-0034 |
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Country : |
Japan |
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Date of Incorporation : |
August, 2004 |
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Com. Reg. No.: |
0106-01-038829 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of fish,
fishery products |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Modrate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
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 |
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Off-credit |
D |
ECONOMIC OVERVIEW - JAPAN
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
RYUSHO BUSSAN CO
LTD
KK Ryusho Bussan
Monzen-Nakacho
Park Homes 1F, 2-33-3 Eitai Kotoku Tokyo 135-0034 JAPAN
Tel: 03-6458-8870
Fax:
03-6458-8830
URL: N/A
Import,
wholesale of fish, fishery products
Nil
China
KAZUMU
NATSU, PRES
Yen Amount:
In
million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 1,500 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 25 M
STARTED 2004 EMPLOYES 7
IMPORTER OF FISH, FISHERY PRODUCTS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Kazumu Natsu in order
to make most of his experience in the subject line of business. This is a trading firm specializing in import
and wholesale of fish (raw/frozen/chilled) and fishery products. Fishes are imported from Korea, China,
other. Clients include fishery
wholesalers, food processors, other.
Financial are only partially disclosed as is the case with
family-based companies.
The sales volume for Jul/2012 fiscal term amounted to Yen
1,500 million, a similar amount in the previous term. High Yen hurt import/export sales in Yen
terms. The net profit was posted at Yen
2 million, compared with Yen 1 million a year ago.
For the term that ended Jul 2013 the net profit was
projected at Yen 3 million, on a 5% rise in turnover, to Yen 1,570
million. Final results are yet to be
released.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 23.0 million, on 30 days normal
terms.
Date Registered: Aug 2004
Regd No.: 0106-01-038829
(Tokyo-Kotoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Kazumu
Natsu (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and wholesales fish (raw/frozen/chilled)
fish and fishery products (--100%).
Clients: [Fish markets, fishery dealers,
wholesalers] Yokorei Co, Iwate Canning Co, Marutomo Co, Smile Corp, Seaborn
Enterprises Japan, Sojitz Corp, Hokkaido Federation of Fisheries Coop, other
No. of
accounts: 200
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Yokorei Co, Sojitz
Corp, Marubeni Corp, Hokkaido Federation of Fisheries Cooperative Associations,
Kyokuyo Co, other
Imports from Korea, China, other.
Regular
Location:
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
MUFG
(Mita)
Mizuho
Bank (Tsukiji)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
Annual
Sales |
|
1,570 |
1,500 |
1,500 |
1,550 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
3 |
2 |
1 |
2 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
25 |
23 |
22 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.67 |
0.00 |
-3.23 |
28.10 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.19 |
0.13 |
0.07 |
0.13 |
|
Notes:
Financials are only partially disclosed.
Forecast (or estimated) figures
for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
SHG |
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.