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Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
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Name : |
TSS JAPAN CORPORATION |
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Registered Office : |
Nakayama Bldg 3-A, 1-8-12 |
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Country : |
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Financials (as on) : |
30.04.2014 |
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Date of Incorporation : |
May 2006 |
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Com. Reg. No.: |
0123-01-003179 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trading firm for import, export and wholesale of RF (radio
frequency) products: shield boxes of TELECOM, custom shield boxes, shield rooms,
life searcher, millimeter-wave products, antennas, cables, absorbers,
adapters, |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 2.1 Million |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
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
Jordan's economy is among the
smallest in the Middle East, with insufficient supplies of water, oil, and
other natural resources underlying the government's heavy reliance on foreign assistance.
Other economic challenges for the government include chronic high rates of
poverty, unemployment, inflation, and a large budget deficit. Since assuming
the throne in 1999, King ABDALLAH has implemented significant economic reforms,
such as opening the trade regime, privatizing state-owned companies, and
eliminating some fuel subsidies, which in the last decade spurred economic
growth by attracting foreign investment and creating some jobs. The global
economic slowdown and regional turmoil, however, have depressed Jordan's GDP
growth, impacting export-oriented sectors, construction, and tourism. In 2011
and 2012, the government approved two economic relief packages and a budgetary
supplement, meant to improve the living conditions for the middle and poor
classes. Jordan's finances have also been strained by a series of natural gas
pipeline attacks in Egypt, causing Jordan to substitute more expensive diesel
imports, primarily from Saudi Arabia, to generate electricity. Jordan is
currently exploring nuclear power generation in addition to the exploitation of
abundant oil shale reserves and renewable technologies to forestall energy
shortfalls. In 2012, to correct budgetary and balance of payments imbalances,
Jordan entered into a $2.1 billion, multiple year International Monetary Fund
Stand-By Arrangement. Jordan's financial sector has been relatively isolated
from the international financial crisis because of its limited exposure to
overseas capital markets. In 2013, Jordan depended heavily on foreign
assistance to finance the budget deficit, as the influx of about 600,000 Syrian
refugees put additional pressure on expenditures
|
Source
: CIA |
TSS JAPAN CORPORATION
REGD NAME: KK
TSS Japan
MAIN OFFICE: Nakayama
Bldg 3-A, 1-8-12 Minami-Naruse Machida City Tokyo-Metro 194-0045
Tel:
042-851-3901 Fax: 042-581-3902
URL: http://www.tssj.co.jp
E-Mail
address: info@tssj.co.jp
Import,
export, wholesale of RF (radio frequency) application products
Nil
Europe,
USA, China, Korea, other (--agent dealers
KEIKO
IWAOKA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 120 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND SLOW WORTH Yen 12 M
STARTED 2006 EMPLOYES 5
TRADING FIRM SPECIALIZING IN RF APPLICATION PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 2.1 MILLION, ON 30 DAYS
NORMAL TERMS.
The subject
company was established originally in 2004 by Keiko Iwaoka as distributor of
TESCOM & Co Ltd products in Yokohama and in 2006 moved to the caption address,
where incorporated in 2008. This is a
trading firm for import, export and wholesale of RF application products:
shield boxes, shield room, millimeter-wave products, antennas, other (see OPERATION). Goods are imported from USA, Korea, Germany,
S Africa, China, other. Goods are also sold online. Clients include government/municipal offices,
universities, electronic products mfrs, other.
Financials
are disclosed only partially.
The sales volume
for Apr/2014 fiscal term amounted to Yen 120 million, a 14% down from Yen 140
million in the previous term. The net
profit was posted at Yen 2 million, compared with Yen 5 million a year ago.
For the
current term ending Apr 2015 the net profit is projected at Yen 3 million, on a
4% rise in turnover, to Yen 125 million.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements.
Max credit limit is estimated at
Yen 2.1 million, on 30 days normal terms.
Date Registered: May
2006
Regd No.: 0123-01-003179 (Tokyo-Machida)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders
(%): Keiko Iwaoka (100)
Nothing
detrimental is known as to her commercial morality.
Activities: Trading firm for import, export and
wholesale of RF (radio frequency) products: shield boxes of TELECOM, custom shield
boxes, shield rooms, life searcher, millimeter-wave products, antennas, cables,
absorbers, adapters,
Clients: [Mfrs, wholesalers] Nihon Denkei Co,
Fujitsu Micro Device, NTT Communications, Toshiba Corp, Mitsubishi Electronics,
NEC Infrontia, Furukawa Electronics, other
No. of
accounts: 200
Domestic
areas of activities: Centered in the greater-Tokyo
Suppliers: [Mfrs, wholesalers] TESCOM Co, Cerex,
Space Communications, M-Tech, Panasonic Corp, other
Imports from: Germany, USA, S
Africa, Korea, China, other
Payment record: Regular
Location:
Business area in Machida, Tokyo-Metrop.
Office premises at the caption address are leased and maintained
satisfactory.
Bank References:
SMBC
(Aobadai)
Yokohama
Shinkin Bank (Naruse)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/04/2015 |
30/04/2014 |
30/04/2013 |
30/04/2012 |
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Annual
Sales |
|
125 |
120 |
140 |
150 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
3 |
2 |
5 |
13 |
|
Total
Assets |
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|
N/A |
71 |
80 |
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Net
Worth |
|
|
12 |
10 |
4 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.17 |
-14.29 |
-6.67 |
36.36 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
14.08 |
5.00 |
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N.Profit/Sales |
|
2.40 |
1.67 |
3.57 |
8.67 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/04/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
|
1 |
Rs.103.43 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
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|
Report Prepared
by : |
PDT |
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 |
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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 |
-- |
|
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.