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Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
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Name : |
GENERAL CORPORATION |
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Registered Office : |
6-51-11, Higashi-oizumi, Nerima-ku, Tokyo 178-0063 |
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Country : |
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Date of Incorporation : |
01.11.1980 |
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Com. Reg. No.: |
0116-0-007786 ( |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of optical
and photograph-related
equipment [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 45,000 |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
GENERAL
CORPORATION
Company name: GENERAL CORPORATION
Name in local language: GENERAL
K.K.
Office address: General Bldg. 2F., 1-25-20, Sakashita,
Itabashi-ku, Tokyo 174-0043
Country: Japan
Office tel: 03-3969-3731
Business type: Trader
Industry: Optical and photograph-related equipment
Established: November 1, 1980
Capital: Jp. 10,000,000 yen
Employees: 4
Corporate formation: Private
Corporation No.: 0116-0-007786
(Tokyo Legal Affairs Bureau)
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 800
shares
Shares issued : 200
shares
Number of shareholder : n.
a.
Mr. Toshio Emori, President, holds majority. (estimated)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Optical equipment
Trading Photograph-related equipmnet
President Mr. Toshio Emori
Nationality: Japan
Director Mr. Minoru Ishikawa
Nationality: Japan
Nationality: Japan
Auditor Mr. Hideo Emori
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Toshio Emori
President and representative director
Born on April 5, 1939 in Saitama pref.
Education: Graduated from Meiji University
Home address: 6-51-11, Higashi-oizumi, Nerima-ku, Tokyo 178-0063
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales
| Net Income
-------------------------------------------------------------------------------------
|
2008 |
358,000,000 |
21,264,000 |
|
2009 |
204,000,000 |
3,600,000 |
|
2010 |
79,000,000 |
n. a. |
|
2011 |
403,000,000 |
5,997,000 |
|
2012 |
400,000,000 |
5,000,000 |
|
2013 |
390,000,000 |
4,800,000 |
*Book Closing*
============
October 31st
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
Bank Name : Johoku Shinkin Bank
Branch : Shimura
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Kyobashi
The subject is a Tokyo-based small-sized firm specializing in optical
equipment with 34-year business history.
Sales has been almost flat for several years with a certain level of net
income maintained.
Some suppliers and most of customers are excellent and reliable, but the
business size looks a bit small for its customers.
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 present.
Our standard suggestion would be up to US$ 45,000 on terms of 90 days.
*Main Products & Services*
======================
Wholesale of optical and photograph-related equipment
*Address*
=========
Registered address:6-51-11, Higashi-oizumi, Nerima-ku, Tokyo 178-0063
Operational head office: General Bldg. 2F., 1-25-20, Sakashita,
Itabashi-ku, Tokyo 174-0043
Date Development
-----------------------------------------------------------------------------------------------
November 1, 1980
Incorporated.
*Suppliers*
==========
General Optics Co., Ltd.
HOYA Corporation
Ohara Co., Ltd.
Clean Optical Co., Ltd.
Shonan Kogaku Kogyosho Co., Ltd.
*Customers*
==========
Leica group companies
Swarovski Optic K.K.
Kyocera Optic Corp.
Panasonic Device Nitto Co., Ltd.
Panasonic Corp.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
UK Pound |
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
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.