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Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
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Name : |
HIRO NIPPON CO., LTD |
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Registered Office : |
Gran Shario Kuji 101, 4-20-15, Kuji, Takatsu-ku, Kawasaki-shi, Kanagawa
pref. 213-0032 |
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Country : |
Japan |
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Date of Incorporation : |
25.11.2013 |
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Com. Reg. No.: |
0200-01-103415 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Trader of Raw materials for Agricultural Chemicals & Farming Equipment. · Trader of Electronic equipment and devices |
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No of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 |
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High |
B2 |
|
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. 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 |
HIRO NIPPON CO.,
LTD.
Company name: HIRO NIPPON CO., LTD.
Name in local language: HIRO NIPPON
K.K. (HIRO NIPPON)
Office address: Gran Shario Kuji 101, 4-20-15, Kuji,
Takatsu-ku, Kawasaki-shi,
Kanagawa pref.
213-0032
Country: Japan
Office tel: 044-299-9346
Website: http://hironippon.jp
Business type: Trader
Industry: Raw materials for
agricultural chemicals & farming equipment.
Established: November 25, 2013
Capital: Jp. 10,000,000 yen
Employees: 2
Corporate formation: Private
Corporation No.: 0200-01-103415
(Yokohama Legal Affairs Bureau)
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 2,000
shares
Shares issued : 200
shares
Number of shareholder : 1
Mr. Lam Cook Toon, President, holds 100 percent.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Raw materials of agricultural chemicals
Trading Farming equipment
Trading Electronic
equipment and devices
President Mr. Lam Cook Toon
Nationality: Vietnam
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Lam Cook Toon
President and representative director since its establishment
Born on December 28, 1972
Home address: Gran Shario Kuji 101, 4-20-15, Kuji, Takatsu-ku,
Kawasaki-shi, Kanagawa pref.
213-0032 (This is
also the registered address of the subject.)
*Book Closing*
============
n. a.
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Noborito
Bank Name : Kawasaki Shinkin
Bank
Branch : Kuji
The subject is a newly founded small-sized firm, owned and operated by a
Vietnamese person, living in Japan.
According to its website and our local research the following facts or
information have been found:
The sales of the first half year for 2014 term was JPY 43 million.
The business partners are:
1.
Hiro
Vietnam Joint Stock Co. (as an overseas base)
Lot MA 5-3 Duc Hoa
1 – Hanh Phuc Industrial Zone
Duc Hoa District, Long An Province, Vietnam
2.
VIET
THANG Co., Ltd (as one of leading group companies)
398
Xuon Giang Street, Bac Giang city,
Bac giang Province, Vietnam.
3.
KIEN
NAM JOINT STOCK COMPANY (as one of leading group companies)
MB4-3 Duc Hoa 1 Hanh Phuc, Industrial Zone,
Duc Hoa District, Long An Province, Vietnam
It also says the subject holds the business network with more than 70
customers in Vietnam
As is mentioned, too. The subject is dealing with used machines
including cameras and electronic devices and PCs to export to Vietnam.
Some of the suppliers’ names indicate that the current main business
might be export of soap or its raw materials, foodstuffs and additives and some
chemical products.
It would be advisable to research the latest status of the
above-mentioned companies to make sure who they are.
At any rate it is too early to discuss a certain amount of credit range
with the subject. It would be advisable to enter into any business under
well-secured conditions.
No recommendation for any open accounts at this moment.
*Main Products & Services*
======================
Its website says the subject is trading more than 60 different kind of products
from chemical products to machines. The intermediary arrangement for overseas
study(maybe from Vietnam to Japan) and educational services are also included
as its business activities.
Its main business cannot be specified at present.
*Address*
=========
Registered address is the same as the operational address.
Date Development
---------------------------------------------------
November 25, 2013 Incorporated.
*Suppliers*
==========
Miyoshi Yushi Co., Ltd.
Able Dragon Improt Inc.
FFC Ltd.
*Customers*
==========
Viet Tang Co., Ltd.
Kien Nam Joint Stock Co.
Hiro Vietnam Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
UK Pound |
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.