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Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
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Name : |
PP JAPAN CO LTD |
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Registered Office : |
Urban Net Kanda Bldg 19F, 3-6-2 Uchikanda Chiyodaku Tokyo 101-0047 |
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Country : |
Japan |
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Date of Incorporation : |
December, 2003 |
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Com. Reg. No.: |
0100-01-085810 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of wrist watches |
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No. of Employees : |
3 |
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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 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 |
In absence of financials, no credit limit could be recommended.
PP JAPAN CO LTD
REGD NAME: P. P. Japan KK
MAIN OFFICE: Urban Net Kanda Bldg 19F, 3-6-2 Uchikanda
Chiyodaku Tokyo 101-0047 JAPAN
Tel:
03-3255-8109
Fax: 03-3255-7558
URL: N/A
Import, wholesale of wrist watches
Nil
HIDEKI NAGANO, PRES
In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen 150 M*
PAYMENTS UNKNOWN CAPITAL Yen
60 M
TREND UNDETD WORTH Yen
60 M**
STARTED 2003 EMPLOYES 3
*.. Only estimated, as not disclosed
**.. Expressed by the paid-in capital
TRADING FIRM SPECIALIZING IN WRIST WATCHES.
FINANCIAL SITUATION NOT DETERMINED DUE TO THE LACK OF PROVEN BUSINESS,
WHICH THE FIRM DOES NOT DISCLOSE, BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON. ANY & NEW TRANSACTIONS ARE RECOMMENDED
WITH
SECURED TERMS AND CONDITIONS.
The subject company was established by Hideki Nagano in order to make
most of his experience in the subject line of business. This is a trading firm for import and
wholesale of wrist watches, other. The
firm does not disclose its financial information. No other sources report them, either.
Financials are not disclose, and we only estimate, after contact with
the company, the annual turnover is around Yen 150 million, but the figures are
not verified.
Both the financial situation and business trends are not determined due
to the lack of proven business but should be good for MODERATE business
engagements. Max credit is unable to be
assessed due to the same reason. Any
& new transactions are recommended with fully secured terms and conditions.
Date Registered: Dec 2003
Regd No.: 0100-01-085810 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,200 shares
Issued:
1,200 shares
Sum: Yen 60 million
Major shareholders
(%): Hideki Nagano, others (Details not disclosed)
No. of
shareholders: 5
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales wrist watches, other (--100%)
Clients: [Mfrs,
wholesalers] Isshin Watch Corp, Retailers Sphia, Yoshida Co, other to
department stores, supermarkets, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Nichibo Shoji KK, other
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Local Bank
(Tokyo)
Relations:
Money deposits and transfers only
NOT DISCLOSED AND
UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.65 |
|
|
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NNA |
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 |
|
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 |
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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 |
|
<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.