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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
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Name : |
SAR GLOBAL CO., LTD. |
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Registered Office : |
GT Bldg. 1F., 3-13-5, Taito, Taito-ku, |
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Country : |
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Date of Incorporation : |
22.01.1999 |
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Com. Reg. No.: |
0105-02-022576 |
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Legal Form : |
Private |
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Line of Business : |
Trader of Jewelry and Precious Metals. |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
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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 |
SAR GLOBAL CO., LTD.
Country: Japan
Company name: SAR
GLOBAL CO., LTD.
Name in local language: SAR GLOBAL, Y.K.
Office address: GT
Bldg. 1F., 3-13-5, Taito, Taito-ku, Tokyo 110-0016
Office tel: 03-5812-9205
Business type: Trader
Industry: Jewelry
and precious metals
Established: January
22, 1999
Capital: Jp. 9,000,000 yen
Employees: 2
Corporate formation: Private
Corporation No.: 0105-02-022576 (Tokyo Legal Affairs Bureau)
Paid in capital : Jp. 9,000,000 yen
Number of authorized shares : 180 shares
Shares issued : 180 shares
Number of shareholder : 1
Mr. Sanjay Bandari,
President, holds 100 percent.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Jewelry
Trading Precious
metals
President Mr.
Sanjay Bandari
Nationality: India
Note: The names of director(s) and
auditor(s) are phonetically spelt.
*Key
Personnel*
==============
Mr. Sanjay Bandari
President and representative director since
its establishment
Home address: 1-25-12-1013, Taito, Taito-ku, Tokyo
Currency:
(local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2009 |
330,000,000 |
500,000 |
|
2010 |
320,000,000 |
450,000 |
|
2011 |
320,000,000 |
450,000 |
|
2012 |
320,000,000 |
400,000 |
|
2013 |
400,000,000 |
1,000,000 |
|
2014 |
400,000,000 |
2,000,000 |
*Book
Closing*
============
April 30th
*Financials*
==========
As a private limited company, no official
financial statement is required to be disclosed publicly.
*Bank
Details*
============
Bank Name : Bank
of Tokyo-Mitsubishi UFJ, Ltd.
Branch : Ueno
Bank Name : Asahi
Shinkin Bank
Branch : Nishimachi
Bank Name : Sumitomo
Mitsui Banking Corp.
Branch : Ueno
*Credit
Opinion*
=============
The subject is a Tokyo-based small-sized
firm pecializing in trading of jewelry and precious
metals.
A small but a steady performance has been
managed for recent years with minimal net income worked out.
The recent two years show the performance
has been enhanced to some extent.
Although the exact financial condition is not available due to
non-disclosure of its financial statements, there would be a certain amount of
retained earnings.
Negative factors are not observed in
particular at moment except for a weaker currency, which might push some costs
of goods.
*Main
Products & Services*
Trading of jewelry and precious metals
*Address*
=========
Registered address is the same as the operational
address.
*Company
History*
================
Date Development
-----------------------------------------------------------------------------------------------
January 22, 1999 Incorporated
at the following address:
7-39-3-903, Oshima,
Koto-ku, Tokyo
(previous home address of
the business owner)
November 27, 2009 Relocated
to the current address.
*Suppliers*
==========
Import from India
*Customers*
==========
Non-disclosure
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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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.