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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
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Name : |
IMAMURA JOINTVENTURE CORPORATION |
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Registered Office : |
Techno Plaza Mie 206, 998-3, Higashi-chisato, Kage-cho,Tsu-shi, Mie
510-0303 |
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Country : |
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Date of Incorporation : |
06.01.2014 |
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Com. Reg. No.: |
1900-01-021450 (Tsu) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in Trading of Marine Products |
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No of Employees : |
01 |
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 Business |
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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 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 |
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Moderate |
B1 |
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High |
B2 |
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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 |
IMAMURA
JOINTVENTURE CORPORATION
Company name: IMAMURA JOINTVENTURE CORPORATION
Name in local language: IMAMURA
JOINT VENTURE, K.K.
Office address: Techno Plaza Mie 206, 998-3, Higashi-chisato,
Kage-cho,Tsu-shi, Mie 510-0303
Country:
Office tel: 059-273-6348
Website: http://imamurajointobencha.hp.gogo.jp
Business type: Trader
Industry: Marine products
Established: January 6, 2014
Capital: Jp. 7,000,000 yen
Employees: 1
Corporate formation: Private
Corporation No.: 1900-01-021450
(Tsu Legal Affairs Bureau)
Paid in capital : Jp.
7,000,000 yen
Number of authorized shares : 400
shares
Shares issued : 140
shares
Number of shareholder : 2
Name of shareholders
Number of
shares (%)
-----------------------------------------------------------------------------------------------------------
Mr. Shigeyuki Imamura, President 100
shares (71.4)
A business partner(individual)
40 shares (28.6)
-----------------------------------------------------------------------------------------------------------
Total
140
shares (100.0)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Marine
products
President Mr. Shigeyuki Imamura
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Shigeyuki Imamura
President and representative director since its establishment
Born on November 26, 1967
Home address: 3-10-17, Isoyama, Suzuka-shi, Mie pref. 510-0256
*Book Closing*
============
n. a .
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
Bank Name : Mie Bank, Ltd.
Branch : Shirako
Bank Name : Daisan Bank, Ltd.
Branch : Chisato
The subject is a newly founded small-sized firm specializing in trading
of marine products.
Judging from the age of the business owner, he might have some
experience of work or business in this sphere.
However, it is too early to discuss a certain amount of credit with the
subject.
The shareholders’ equity would not be sound enough at this moment.
It would be advisable to enter into any business under well-secured
conditions.
No recommendation for any open accounts at present.
*Main Products & Services*
======================
Trading of marine products
*Address*
=========
Registered address is the same as the operational address.
Date Development
----------------------------------------------------
January 6, 2014 Incorporated.
*Suppliers*
==========
Tsurihachi Co., Ltd.
Yokohama Reito Co., Ltd.
Shokuryu Corp.
*Customers*
==========
Seika Co., Ltd.
Daiichi Seafoods Co., Ltd.
Maruhachi Suisan Co., Ltd.
Nodahiko Corp.
CP Foods Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
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UK Pound |
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
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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 |
|
-- |
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.