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Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
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Name : |
JAPAN IMPORT SYSTEM CO LTD |
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Registered Office : |
4-6-5 Tsukiji Chuoku Tokyo 104-0045 |
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Country : |
Japan |
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Date of Incorporation : |
April 1956 |
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Com. Reg. No.: |
0100-01-0393202 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
importer and wholesaler of wines, whiskies, liquere, rams, cognacs & other alcoholic drinks |
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No. of Employees : |
35 |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Japan |
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 |
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. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
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Source : CIA |
JAPAN IMPORT SYSTEM CO LTD
KK Japan Import
Systems
4-6-5 Tsukiji
Chuoku Tokyo 104-0045 JAPAN
Tel:
03-3541-5469 Fax: 03-3541-8166-
URL: http://www.jisp.co.jp
E-Mail address: (thru the URL)
Import,
wholesale of whisky, wine, cognac, other liqueur
Nil
Katsuhiko
Tanaka, pres
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Yen UNAVAILABLE
PAYMENTSUnknown
CAPITAL Yen 88 M
TREND UNDETD WORTH Yen UNAVAILABLE
STARTED 1956 EMPLOYES 35
IMPORTER OF WINES, WHISKY, OTHER.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE LACK OF PROVEN BUISNESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
The subject company was established by Katsuhiko Tanaka in order to make most of his experience in the subject line of business. This is a trading firm for import and wholesale of wines, whiskies, liquere, rams, cognacs. The goods are supplied to wine shops, chain stores, other. The information contained here is mostly on basis of the Registration Certificate we have ottained
Financials are not disclosed and no outside sources have any information o financials, either.
The financial situation and business trends are not determined due to the lack of proven business, which the firm does not disclose, but should be good for ODERATE business engagements
Date Registered: Apr
1956
Regd No.: 0100-01-0393202 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
7,040 shares
Issued:
1,760 shares
Sum: Yen 88 million
Major shareholders
(%): Katsuhiko Tanaka & families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales wines, whiskies, cognacs, liqueurs, rams, other alcoholic drinks,, other (--100)
Clients: [Mfrs, wholesalers] Wine shops, chain stores, other
No. of accounts: 200
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from Europe, USA, other
Payment record: Unknown
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Tsukiji)
Relations: Money deposits & transfers only
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.48 |
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UK Pound |
1 |
Rs.102.95 |
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Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
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.