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Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
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Name : |
WILMAR JAPAN CO., LTD. |
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Registered Office : |
Kyobashi YB Bldg. 7F., 2-8-3, Kyobashi, Chuo-ku, Tokyo 104-0031 |
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Country : |
Japan |
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Date of Incorporation : |
08.08.2007 |
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Com. Reg. No.: |
0100-01-111481 |
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Legal Form : |
Private |
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Line of Business : |
Trader of Fat & Fatty Oil and Byproducts in Food Processing. |
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No of Employees : |
Not Available |
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 : |
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 |
WILMAR JAPAN CO.,
LTD.
========
Country: Japan
Company name: WILMAR
JAPAN CO., LTD.
Name in local language: WILMAR
JAPAN K.K.
Office address: Kyobashi YB Bldg. 7F., 2-8-3,
Kyobashi, Chuo-ku, Tokyo 104-0031
Office tel: 03-6808-8234
Business type: Trader
Industry: Fat &
fatty oil and byproducts in food processing
Established: August 8, 2007
Capital: Jp.
9,900,000 yen
Employees: n. a.
Corporate formation: Private
Corporation No.: 0100-01-111481
(Tokyo Legal Affairs Bureau)
=====================
Paid in capital : Jp.
9,900,000 yen
Number of authorized shares : 2,000
shares
Shares issued : 198
shares
Number of shareholder : 1
Wilmar International Ltd.(Singapore) holds 100 percent.
===========================================
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Fat & fatty oil, palm kemel oil etc.
Trading Byproducts
in processing the above products
==================
President Mr. Tetsuji Kanari
Nationality: Japan
Nationality: Singapore
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Tetsuji Kanari
President and representative director
Born on June 27, 1964
Education: Graduated from Waseda University
Business career:
August 8, 2007: Representative director of the subject.
Home address: 14-1-606, Uguisudani-cho, Shibuya-ku, Tokyo
===========
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
2013 4,000,000,000 n. a.
=====================
*Book Closing*
============
December 31st
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Marunouchi
*Credit Opinion*
=============
The subject is a Tokyo-based subsidiary, wholly owned by Wilmar
International Ltd, Singapore.
Sales for Dec. 2013 term looks pretty big for is capital paid in.
However, further retroactive and financial data have not been disclosed.
It would be advisable to research the latest status of its parent
company to make sure who they are.
It would also be advisable to enter into any business under well-secured
conditions since the available information is insufficient.
========================================
*Main Products & Services*
======================
Import and wholesale of the following products:
Fat and fatty oil
Byproducts during the processing materials for the above oil
Pal oil and its processed products
Byproducts during the processing material for the above products
======================
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
August 8, 2007 Incorporated at the following address:
Yurakucho Bldg. 11F.,
1-10-1, Yurakucho, Chiyoda-ku, Tokyo
September 2, 2008 Relocated to the current address.
================
*Suppliers*
==========
Wilmar International Ltd.(the parent company in Singapore)
*Customers*
==========
Manufacturers of fat and fatty oil
Local wholesalers
Local trading firms
(Specific names are not disclosed)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
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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 |
|
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 |
|
<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.