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Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
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Name : |
BHP INDUSTRIES CO LTD |
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Registered Office : |
Maki Bldg 3F, 301-2-22 Toyotsucho Suita
Osaka-Pref |
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Country : |
Japan |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
May 1983 |
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Com. Reg. No.: |
1209-01-007966 (Osaka-Itami) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, wholesaler and retailer of house wares, kitchen wares
(scissors), stationery sets, kitchen tools, apparel, other, operates an
Indian restaurant |
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No. of Employees : |
53 |
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 |
|
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 |
|
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 |
BHP INDUSTRIES CO LTD
KK Bhasin
International
Maki Bldg 3F,
301-2-22 Toyotsucho Suita Osaka-Pref JAPAN
Tel:
06-6338-1185 Fax: 06-6338-1591
E-Mail address: bhasin@bhasin.co.jp
Import, wholesale, retail of house ware, kitchen ware,
apparel, operation of Indian restaurant
Osaka
(3), Suita
P H
BHASIN, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,900 M
PAYMENTSNo Complaints
CAPITAL Yen 15 M
TREND UP WORTH Yen 3,045 M
STARTED 1983 EMPLOYES 53
TRADING FIRM SPECIALIZING IN KITCHEN WAR, APPAREL, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by P H Bhasin, an Indian resident;
in order t make most of his experience in the subject line of business. This is a trading firm for import and
wholesale of house ware, kitchen ware, apparel, stationery, other. Goods are imported from Taiwan, China, Hong
Kong, India, Thailand, other. Operates
an Indian restaurant in Suita City.
Clients include 100 Yen shops, wholesalers, other. Goods are also sold online.
Financials are only partially disclosed.
The sales volume for May/2012 fiscal term amounted to Yen 2,900 million,
a similar amount in the previous term.
The net profit was posted at Yen 145 million, compared with Yen 150
million a year ago.
For the term that ended May 2013 the net profit was projected at Yen 150
million, on a 3% rise in turnover, to Yen 3,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: May 1983
Regd No.: 1209-01-007966 (Osaka-Itami)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,200 shares
Issued:
300 shares
Sum: Yen 15 million
Major shareholders
(%): P H Bhasin (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports,
wholesales and retails house wares, kitchen wares (scissors), stationery sets,
kitchen tools, apparel, other, operates an Indian restaurant (--100%)
Clients: [Mfrs,
wholesalers] Daiso Sangyo (100 Yen shop operator), other to wholesalers,
consumers (online), other
No. of accounts: 200
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports from India, Taiwan, China, Hong Kong, Thailand, other
Payment record: No Complaints
Location:
Business area in Itami. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Esaka)
Mizuho
Bank (Esaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/05/2013 |
31/05/2012 |
29/02/2012 |
28/02/2011 |
|
Annual
Sales |
|
3,000 |
2,900 |
2,900 |
2,700 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
150 |
145 |
150 |
135 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
3,045 |
2,900 |
2,750 |
|
Capital,
Paid-Up |
|
|
15 |
15 |
15 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.45 |
0.00 |
7.41 |
1.89 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
5.00 |
5.00 |
5.17 |
5.00 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 28/02/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
UK Pound |
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
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.