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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
NEOVIA LOGISTICS SERVICES LLC. |
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Registered Office : |
3902-6, Tana, Chuo-Ku, Sagamihara-Shi, Kanagawa Pref. 252-0244 |
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Country : |
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Date of Incorporation : |
16.01.1987 |
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Com. Reg. No.: |
0210-03-003771 |
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Legal Form : |
Private |
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Line of Business : |
Providing Logistics Service. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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 – 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 |
NEOVIA LOGISTICS
SERVICES LLC.
Country: Japan
Company name: NEOVIA LOGISTICS SERVICES LLC.
Name in local language: NEOVIA
LOGISTICS SERVICE LLC
Office address: 3902-6, Tana, Chuo-ku,
Sagamihara-shi, Kanagawa pref. 252-0244
Office tel: 042-813-1018
Website: www.neovialogistics.com
Business type: Service
Industry: Logistics
Established: January 16, 1987
Capital: US$ 1,000
Employees: N. A.
Corporate formation: Private
Corporation No.: 0210-03-003771
(Yokohama Legal Affairs Bureau)
Paid in capital : US$
1,000
Number of authorized shares : Not
required for LLC
Shares issued : ditto
Number of shareholder : N.
A.
The subject is a branch office of a company incorporated in The United
States.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Service Logistics
President Mr. Takehiko Fukuoka (*)
Nationality: Japan
Representative Mr. Michael
Dellani (*) (non-resident)
Nationality: U.S.A.
Director Ms. Eva M. Karavski
(non-resident)
Nationality: U.S.A.
Director Mr. Jacob T. Cotsby
(non-resident)
Nationality: U.S.A.
Director Ms. Mary Ann Sigler
(non-resident)
Nationality: U.S.A.
Note: The names of director(s) and auditor(s) are phonetically spelt.
(*) Directors who represent the subject in Japan.
*Key Personnel*
==============
Mr. Takehiko Fukuoka
President and representative director since February 2014
Home address: Grand Hills Ichiban-cho 803, 14 Ichiban-cho, Chiyoda-ku,
Tokyo
The registered home address of another representative director, Mr.
Michael Dellani, is as follows:
NW 4115 Glenn Davon Dr., Atlanta, GA, U.S.A.
Other three registered directors, titled as “Manager,” are located at
the following address:
South Bldg., 360 North Crescent Dr., Beverly Hills, CA 30327, U.S.A.
*Book Closing*
============
N. A.
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
N. A.
*Credit Opinion*
=============
The subject is a branch of an American company, registered in the State
of Delaware.
Its website introduces itself as follows:
Quote:
Neovia is a global, industrial contract logistics company. We
continuously reduce the cost of our customers’ supply chains through nimble,
state-of-the art solutions, designed and implemented by professionals with
unparalleled expertise in supply chain optimization. From comprehensive
inventory management and dynamic warehousing to outstanding job-site and
inbound-to-manufacturing services, we approach logistics from our customers’
point of view.
Our company’s leaders come from various corners of the industry. They
share a determination to provide you with truly effective logistics solutions that
far surpass the industry standard to reveal what logistics grounded in true
continuous improvement and cutting-edge technology can do.
What’s more, our values are based on hard work, honesty and an openness
to challenge convention with new ideas. Collaborate with us to find the best
practices that will take your business’ productivity to a whole new level.
Neovia’s global presence:
•6 continents
•25 countries
•96 customer locations
•Shipping to 190+ countries
Unquote:
However, there is no specific information on the branch of Japan in its
website.
Neither financial nor trade reference has been disclosed so far.
It would be advisable to research the latest status of the head office
of the subject to make sure who this is.
No recommendation for any open accounts at present.
Branch name: Registered branch 1.
Branch address: 3902-6, Tana, Chuo-ku, Sagamihara-shi,
Kanagawa pref.
----------------------------------------------------------------------------------------------------
Branch name: Registered branch 2.
Branch address: 125-3, Iwayama, Shibayama-cho, Sanmu-gun,
Chiba pref.
----------------------------------------------------------------------------------------------------
*Main Products
& Services*
The official registration says its business plans as follows:
1. Warehousing
2. Trucking service agency
3. Storage services
4. Export, import and sales of auto parts.
5. Sales, leasing and operation of the computer systems
relating to the above businesses
6. Consulting for logistics
7. Property management and leasing
8. Overhaul service of automobiles
*Address*
Registered address of the head office:
Suite 1400, 2001 Butterfield Rd., Downers Grove, Ill 61629, U.S.A.
The quoted address is the registered branch address 1.
*Company History*
Date Development
-----------------------------------------------------------------------------------------------
January 16, 1987 Incorporated under the name of
“Caterpillar Logistics Services LLC.,”
by the laws of
Delaware for LLC, at the following address:
NE 100, Adams Street, Peoria, Ill 61629,
U.S.A.
September 30, 2011 Branch was founded in Japan as
the organization of the subject(then
“Caterpillar
Logistics Services Inc.”) was changed.
July 31, 2012 Relocated
the head office to the current address.
August 13, 2012 Renamed as the current company
name.
N. A.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.