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Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
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Name : |
ESTONA INCORPORATED |
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Registered Office : |
5-302, 5-10 Higashi-Gotanda Shinagawaku
Tokyo 141-0022 |
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Country : |
Japan |
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Date of Incorporation : |
October 1978 |
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Com. Reg. No.: |
0104-01-103201 (Tokyo-Shinagawaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of
toys, overseas character goods, other |
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No. of Employees : |
15-20 |
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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Maximum Credit Limit : |
Note: In the absence of financials, we could not recommend credit
limit. |
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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) |
|
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.
Source
: CIA
ESTONA INCORPORATED
KK Estona
5-302, 5-10
Higashi-Gotanda Shinagawaku Tokyo 141-0022 JAPAN
Tel:
03-6441-2950
Fax: 03-6441-2951
*.. The is its Minatoku Branch
Office
E-Mail
address: (thru the URL)
Import,
export, wholesale of toys, overseas character goods, other
Minatoku
(Tokyo); Saitama (warehousing/delivery center)
YUTAKA
TSUCHIYA, PRES
Yen
Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES UNAVAILABLE*
PAYMENTSUNKNOWN CAPITAL Yen
20 M
TREND UNDETD WORTH UNAVAILABLE*
STARTED 1976 EMPLOYES 15-20
*.. Not disclosed and
unavailable
TRADING FIRM SPECIALIZING IN TOYS, CHARACTER GOODS, OTHER.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN
BUSINESS, WHICH THE FIRM DOES NOT DISCLOSE.
MAX CREDIT
LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON.
The
subject company was established by Yutaka Tsuchiya in order to make most of his
experience in the subject line of business.
This is a trading firm specializing in import, export and wholesale
(including online retailing) of toys, character goods, others. The firm does not disclose any of its
financials and no financial information is available. Outside sources have no
data or information at all.
Financials
are not disclosed at all.
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
MODERATW business engagements. Max
credit limit is unable to be assessed due to the same reason. Any credits on new transactions are
recommended to be with fully secured terms.
Date Registered: Oct 1978
Regd No.: 0104-01-103201
(Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued:
400 shares
Sum: Yen
10 million
Major shareholders
(%): Yutaka Tsuchiya (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
exports and wholesales toys, character goods, other (--100%)
Clients: [Mfrs, wholesalers] Styling Life
Holdings, Welcome Co, Beams, World Living Style, Etoile Kaito, other
No. of accounts: 200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Jellycat, Tyrell Katz, Ratt Start, Zoom Industrial, Sinolink,
other
Payment record: Unknown
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References:
MUFG (Kanda &
Horidome)
Relations: Satisfactory
(In Million Yen)
NOT
DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
|
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.