|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
POWER JAPAN PLUS INC |
|
|
|
|
Registered Office : |
ID Court 3F, 3-14-5 Aobadai Meguroku Tokyo
153-0042 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
September 2013 |
|
|
|
|
Com. Reg. No.: |
0110-01-095559
(Tokyo-Meguroku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of carbon fiber, carbon complex made from
organic cotton. |
|
|
|
|
No. of Employees |
5-10 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 2013 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 225% 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 |
POWER JAPAN PLUS INC
KK Power Japan
Plus
ID Court 3F,
3-14-5 Aobadai Meguroku Tokyo 153-0042 JAPAN
Tel: 03-3464-0025
URL: http://www.powerjapanplus.com
E-Mail address: (thru the URL)
Mfg of
carbon fiber, carbon complex
Fukuoka
USA,
China
China
MICHITAKA
KANI, PRES
Hiroaki
Nishina, dir
Takumi
Komura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Yen 300 M*
PAYMENTS Unknown CAPITAL Yen 67 M
TREND UNDETD WORTH Yen
67 M
STARTED 2013 EMPLOYES 5-10
*..
Target for the first 12 months ending Aug/2014
MFR OF CARBON FIBER.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
The subject company was established by Michitaka Kani in order to make most of his experience in the subject line of business. This is a specialized mfr of carbon fiber, carbon complex made from organic cotton. Mfg factory is in China. It also processes PC software on consignment (Business line outlined in the Registration Certificate). The annual sales turnover for the 12 months ending Aug/2014 is targeted at around Yen 300 million.
Date Registered: Sept 2013
Regd No.: 0110-01-095559 (Tokyo-Meguroku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
20,000 shares
Issued:
5,800 shares
Sum: Yen 67 million
Major shareholders (%): Michitaka Kani, others (--100)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Local Bank (Tokyo)
Relations: Satisfactory
(In Million Yen)
NOT YET MADE
AVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.64 |
|
UK Pound |
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.