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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
KEIAN CORPORATION |
|
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|
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Registered Office : |
2-18-7, Higashi-Ikebukuro, Toshima-ku, |
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Country : |
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Date of Incorporation : |
06.12.1991 |
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Com. Reg. No.: |
0133-01-002936 ( |
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|
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Legal Form : |
Private |
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Line of Business : |
Trader of Computer peripherals, home appliances and other electronic
products |
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No of Employees : |
26 |
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 |
KEIAN CORPORATION
OUTLINE
========
Country: Japan
Company name: KEIAN
CORPORATION
Name in local language: KEIAN,
K.K.
Office address: 2-18-7, Higashi-ikebukuro, Toshima-ku,
Tokyo 170-0013
Office tel: 03-3980-6425
Office fax: 03-3980-8419
Website: www.keian.co.jp
Business type: Trader
Industry: Computer peripherals,
home appliances and other electronic products
Established: December 6, 1991
Capital: Jp. 163,000,000 yen
Employees: 26
Corporate formation: Private
Corporation No.: 0133-01-002936
(Tokyo Legal Affairs Bureau)
Paid in capital : Jp.
163,000,000 yen
Number of authorized shares : 12,080
shares
Shares issued : 3,170
shares
Number of shareholder : n.
a.
Mr. Anseki Hoshihara, Chairman, holds majority.
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Computer peripherals
Trading Home appliances
Trading Electronic
components
Service Development of computer
systems and computer software
Service Recovery work of lost data
President Mr. Anshin Koh
Nationality: n. a.
Chairman Mr.
Anseki Hoshihara
Nationality: n.
a.
Director Mr.
Ken Namiki
Nationality: Japan
Auditor Mr. Koichi Inoki
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Anshin Koh
President and representative director
Born on February 23, 1956
Home address: 2-5-19, Kaga, Itabashi-ku, Tokyo 173-0003
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
4,574,000,000 |
39,000,000 |
|
2009 |
3,821,000,000 |
loss 62,000,000 |
|
2010 |
3,763,000,000 |
loss 79,500,000 |
|
2011 |
3,253,000,000 |
loss 27,000,000 |
|
2012 |
2,713,000,000 |
loss 97,000,000 |
|
2013 |
2,124,000,000 |
7,000,000 |
|
2014 |
2,285,000,000 |
8,000,000 |
*Book Closing*
============
June 30th
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Mizuho Bank, Ltd.
Branch : Ikebukuo
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Ikebukuro
Bank Name : Resona Bank, Ltd.
Branch : Ikebukuro
*Credit Opinion*
=============
The subject is a Tokyo-based small- to midsized firm specializing in
mostly import and domestic wholesale of PC peripherals and other electronic
components.
The owners appear to be Korean origin, judging from their names and
business sources.
A tough period continued from 2009 through 2012, of which amount of
losses have not been recovered yet.
The recent two-year performance is not strong enough.
Although the exact financial condition is not available due to
non-disclosure of its financial statements, the shareholders’ equity must have
been hurt during such tough period.
A weaker currency could also be against.
Major customers are hard-enough category killers.
It would be advisable to enter into any business under well-conditions
to secure the deal.
*Main Products
& Services*
======================
Export, import and domestic wholesale of the following products and
related services:
Computer peripherals
Home appliances
Electronic components
Electronic facilities
Development of computer systems
Recovery work of lost data
Development of computer software
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
December 6, 1991 Incorporated at the following address:
3-39-14, Minami-otsuka,
Toshima-ku, Tokyo
May 6, 1997 Relocated to the current address.
December 16,
2003 Increased the capital to the current amount of JPY 163 million (the
previous amount unknown)
*Suppliers*
==========
LG Electronics Japan Co., Ltd.
Import from:
-
Taiwan
-
U.S.A.
-
Singapore
-
Hong Kong
*Customers*
==========
Yamada Denki Co., Ltd.
Unit com, Inc.
PC Depot Inc.
Bic Camera Co., Ltd.
Mouse Computer Inc.
Yodobashi Camera Co., Ltd.
Edion Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.