|
Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SBT CO., LTD. |
|
|
|
|
Registered Office : |
Yokohama-Nishiguchi SIA Bldg. 7F., 2-10-36, Kita-saiwai, Nishi-ku,
Yokohama City, Kanagawa pref. 220-0004 |
|
|
|
|
Country : |
Japan |
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|
|
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Financials (as on) : |
30.09.2012 |
|
|
|
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Date of Incorporation : |
05.01.1993 |
|
|
|
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Com. Reg. No.: |
0200-01-057820 |
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|
|
|
Legal Form : |
Private |
|
|
|
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Line of Business : |
Trader of Used car and other business |
|
|
|
|
No of Employees : |
170 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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.
|
Source
: CIA |
SBT CO., LTD.
OUTLINE
==============
Country: Japan
Company name: SBT CO., LTD.
Name in local language: SBT,
K.K.
Office address: Yokohama-Nishiguchi
SIA Bldg. 7F., 2-10-36, Kita-saiwai,
Nishi-ku,
Yokohama city, Kanagawa pref. 220-0004
Office tel: 045-290-9480
Office fax: 045-290-9481
Website: http://grp.sbtjapan.com
Business type: Trader/service
Industry: Used car and other
business
Established: January 5, 1993
Capital: Jp. 10,000,000 yen
Employees: 170
Corporate formation: Private
Corporation No.: 0200-01-057820
(Yokohama Legal Affairs Bureau)
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 800
shares
Shares issued : 200
shares
Number of shareholder : 1
Mr. Hirokazu Yanagida, President, holds 100 percent.
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Used car
Service Consulting
Service Workers
dispatching agency
Service Insurance agency
Service IT solution
Service Nursing care
Service Child care
President Mr. Hirokazu Yanagida
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Hirokazu Yanagida
President and representative director since its establishment
Born on August 13, 1973
Home address: 1-25-2901, Ohno-cho, Kanagawa-ku, Yokohama city, Kanagawa
221-0055
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net
Income
-------------------------------------------------------------------------------------
2008 16,350,000,000 340,000,000
2009 11,500,000,000 loss
110,000,000
2010 12,400,000,000 261,000,000
2011 17,900,000,000 550,000,000
2012 22,991,914,000 367,871,000
2013 45,033,963,000 648,739,000
*Book Closing*
============
September 30th
*Financials*
==========
|
Balance Sheet |
|
|
Unit: millions of JP yen |
|
|
|
9/30/2012 |
|
Current Assets |
4,752 |
|
Fixed assets |
227 |
|
Total Assets |
4,979 |
|
|
|
|
Current liabilities |
3,025 |
|
Fixed liabilities |
607 |
|
Shareholders' equity |
1,347 |
|
Paid up capital |
10 |
|
Retained earnings |
1,337 |
|
Total Liabilities & Net
Assets |
4,979 |
*Bank Details*
============
Bank Name : Mizuho Bank, Ltd.
Branch : Yokohama-ekimae
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Yokohama-ekimae
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Yokohama-ekimae
*Credit Opinion*
=============
A Yokohama-based firm primarily trading used cars mostly exports.
Its website, however, shows that the subject has been diversifying into
various business spheres such as consulting, workers dispatching, insurance, IT
solution and nursing care etc.
The latest sales amount jumped up to JPY 45 billion, which seems to be
unbelievable with such a small mount of paid up capital.
Another point is that there are no other board members responsible for
various businesses. Even any auditors are not appointed or registered
officially.
At any rate the whole performance looks remarkable.
Other businesses than trading of used car are conducted under the
separate names such as follows:
Prime Gate (domestic car sales)
Universal M&A (consulting)
Medical Communication (nursing care)
And so on…
However they don’t look like independent firms at present.
Judging from the latest available financial summary in the public
gazette
Branch name: Tokyo office
Branch address: 2-23-1, Akasaka, Minato-ku, Tokyo
----------------------------------------------------------------------------------------------------
Branch name: Osaka office
Branch address: 3-2-1, Toyosaki, Kita-ku, Osaka city
----------------------------------------------------------------------------------------------------
Branch name: Nagoya office
Branch address: 5-31-10, Meieki, Nakamura-ku, Nagoya city
----------------------------------------------------------------------------------------------------
Branch name: Fukuoka office
Branch address: 2-6-23,
Hakata-eki-higashi, Hakata-ku, Fukuoka city
In its website a total 15 overseas offices is shown, but it is uncertain
whether they are owned and operated by the subject.
*Main Products & Services*
======================
Trading of used car
Consulting for M&A
Workers dispatching agency
Insurance agency
IT solution
Nursing service
Child care
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
January 5, 1993 Incorporated at the following address:
SB Bldg., 1-1-4,
Sakae-cho, Atsugi city, Kanagawa pref.
June 5, 2008 Relocated to the current address.
November 1, 2013 Company split to found “Akalier Co., Ltd.” for
day care service
business.
*Suppliers*
==========
U.S.S. Inc.
J.A.A. Corp.
Nippon Rent-A-Car Service Co., Ltd.
Toiyota Renta Lease Co., Ltd.
Zero Corp.
Tsujimoto Un-yu Co., Ltd.
*Customers*
==========
Overseas car dealers
DMCM Auto Traders Co., Ltd.
Cosmos Auto Imports Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
|
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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.