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Report Date : |
22.04.2014 |
IDENTIFICATION DETAILS
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Name : |
KENSAI INTERNATIONAL CO LTD |
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Registered Office : |
Belle-Foret Higashi-Narashino Bldg #301, 10-7-13 Yachiyodai-Nishi
Yachiyo City Chiba-Pref 276-0034 |
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Country : |
Japan |
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Date of Incorporation : |
September 2001 |
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Com. Reg. No.: |
0400-02-029013 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Import, wholesale, rent of oily water
separator, drain ejector, air filters; exports golf clubs |
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No. of Employees |
01 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. 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 is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose other major long-term challenges for the economy
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Source
: CIA |
In absence of financials, no credit limit could be recommended.
KENSAI
INTERNATIONAL CO LTD
REGD NAME: YK Kensai
International
MAIN OFFICE: Belle-Foret
Higashi-Narashino Bldg #301, 10-7-13 Yachiyodai-Nishi Yachiyo City
Chiba-Pref
276-0034 JAPAN
Tel:
047-483-0816 Fax: 047-483-0816
URL: http://www.kensai.main.jp
E-Mail address: (thru the URL)
Import, wholesale, rent of oily water
separator, drain ejector, air filters; exports
golf clubs
Nil
Germany, UK
(--partners)
TATSUYA YOSHIMURA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen NOT DISCLOSED*
PAYMENTS UNKNOWN CAPITAL Yen 3 M
TREND UNDETD WORTH Yen
NOT DISCLOSED*
STARTED 2001 EMPLOYES 1
*..
Financials are not disclosed
TRADING FIRM SPECIALIZING IN INDUSTRIAL EQUIPMENT & APPARATUS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS
WHICH THE FIRM DOES NOT DISCLOSE BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT:
UNABLE TO BE ASSESSED DUE TO THE SAME REASON. TERMS
The subject company was established by Tatsuya Yoshimura in order to
make most of his experience in the subject line of business, after working for
5 years at Kyushu Electron Co Ltd, Fukuoka.
This is a trading firm for importing and wholesaling (including
rent-to-own sales system) air filters, oily water separators, drain ejectors,
other. In Sept 2001 obtained import
agency agreement from Beco GmbH, Germany, for importing its “BECOMAT” air drain
ejectors, and in 2009 from Walker Filtration for importing its air filters,
dryers, other for industrial and medical uses.
The firm employs rent-to-own sales system, that means, as the firm says,
those who rent the products for 6 months on payment of rental fees will be
allowed to own them for the rest of the time.
Clients include automobile industry, industrial companies, medical
industries, other.
Financials are not disclosed at all.
Despite all the asking for them the firm does not disclose, or rejected
to disclose. No outside sources have any
information on the financials, either.
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 limit is unable
to be assessed due to the same reason.
Date Registered:
Sept 2001
Regd No.:
0400-02-029013 (Chiba-Yachiyo)
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 3
million
Major
shareholders (%): Tetsuya Yoshimura (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and
wholesales (including rent-to-own sales system): oily water separators for water
treatment, air filters, air ejectors, ceramic membranes, compressed air
engines; exports of golf clubs, other (--100%)
Clients: Auto makers,
industrial equipment makers, medical firms, other
No. of accounts: 200
Domestic areas of
activities: Centered in the greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from Germany, UK, USA, other
Payment record: Unknown
Location: Business area in
Yachiyo City, Chiba-Pref. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References:
Local Bank (Chiba)
Relations: Money
deposits & transfers only
(In Million Yen)
NOT DISCLOSED AND UNABAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.34 |
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|
1 |
Rs.101.41 |
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Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
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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 |
-- |
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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.