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Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
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Name : |
KAITO CO., LTD. |
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Registered Office : |
1-17-16, Hoshikuma, Jonan-ku, Fukuoka-shi, |
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Country : |
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Date of Incorporation : |
01.03.1999 |
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Com. Reg. No.: |
3000-01-006322 ( |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged in Operation of Cycle Shops. ·
Engaged in Bicycles Trading of Related parts and accessories |
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No of Employees : |
30 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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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 |
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 |
KAITO CO., LTD.
Company name: KAITO CO., LTD.
Name in local language: KAITO, K.K.
Office address: 1-17-16, Hoshikuma, Jonan-ku, Fukuoka-shi,
Fukuoka pref. 814-0132
Country: Japan
Office tel: 092-866-1011
Website: http://kaitoshop.jp
Business type: Trader
Industry: Cycle shop
Established: March 1, 1999
Capital: Jp.10,000,000 yen
Employees: 30
Corporate formation: Private
Corporation No.: 3000-01-006322
(Fukuoka Legal Affairs Bureau)
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 800
shares
Shares issued : 200
shares
Number of shareholder : 1
ALUMIS Co., Ltd. holds 100 percent.
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Bicycles
Trading Related parts and accessories
President Mr. Tomohiko
Yoda (President of the parent company
Nationality: Japan
Director Mr.
Takashi Uemura
Nationality: Japan
Director
Mr.
Yasushi Ishikura (Director of the parent company)
Nationality: Japan
Auditor Mr.
Hisato Miyahara (Director of the parent company)
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
=============
Mr. Tomihiko Yoda
President and representative director since its establishment
Born on November 29, 1952
Other responsibility:
Representative
director & president of the parent company, ALUMIS Co., Ltd.
Home address: 530-46, Osoegawa, Fujicho, Saga-shi
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
2014 129,053,000 loss 37,368,000
*Book Closing*
============
End of February
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Bank of
Tokyo-Mitsubishi UFJ
Branch : Kurume
Bank Name : Saga Bank, Ltd.
Branch : Tosu
The subject is a subsidiary, wholly owned by ALUMIS Co., Ltd., of which
profile is as follows:
Date of foundation: October 1989
Capital paid in: JPY 31,910,000
Main business: Wholesale of aluminum materials for farming, construction
and hotels
Business area: Covering nationwide
Number of employees: 67
Business size: Sales; JPY 4,133 million & Net income; JPY 67.9
million for September 2013 term
Subsidiaries: One in China besides the subject.
Judging from the above
background, the subject started its full-fledged business operation in July
2013, and has been fully backed by the parent until its business will take off.
Although negative factors are not observed basically, it would be
advisable to ask for some advance payment to secured the deal if the amount of
business is bigger than anticipated.
*Main Products & Services*
======================
Operation of cycle shops.
Running a total of 19 shops in Kyushu, Kinaki and Kanto districts as of
December 2014.
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
March 1, 1999 Incorporated.
*Suppliers*
==========
Shikishima Bicycle Co., Ltd.
Marui Ltd.
Miyata Cycle Co., Ltd.
Alumis Co., Ltd.
Takahashi Co., Ltd.
*Customers*
==========
General public at its own shops
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.65 |
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UK Pound |
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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-- |
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.