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Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SIJ TECHNOLOGY INC |
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Registered Office : |
1-13-5, Iwamotocho Chiyoda - Ku 101-0032 |
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Country : |
Japan |
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Date of Incorporation : |
April, 2005 |
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Com. Reg. No.: |
0100-01-140270 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of inkjet printers |
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No. of Employees : |
12 |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
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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.
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.
|
Source
: CIA |
SIJ TECHNOLOGY INC
REGD NAME: KK SIJ Technology
MAIN OFFICE: AIST Tsukuba Center Bldg 3F, 1-1-1 Tsukuba
Ibaraki-Pref 305-0046 JAPAN
Tel:
029-855-7057
Fax: 029-855-7057
*.. The is
its Registered Office & Tokyo Office
URL: http://www.sijtechnology.com
E-Mail address: contact@sijtechnology.com
Mfg of inkjet printers
Tokyo
At the caption address (subcontracted)
KAZUHIRO MURATA, PRES
Kazuyuki Masuda, ch
Hisae Masuda, dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 500 M*
PAYMENTS UNKNOWN CAPITAL Yen
25 M
TREND UP WORTH Yen 50 M*
STARTED 2005 EMPLOYES 12
*.. Only estimated as not precisely disclosed
MFR OF INKJET PRINTERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by approval as a technology transfer
venture by AIST (National Institute of Advanced Industrial Science &
Technology). This is a specialized mfr
of inkjet printers and accessories.
Goods are widely exported.
Financials are not disclosed ad only estimated that annual turnover is
Yen 500 million, with Yen 25 million net profit. This is only estimated and not verified by
third parties.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr 2005
Regd No.: 0100-01-140270 (Tokyo-Chiyodaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
2,000 shares
Issued:
500 shares
Sum: Yen 25 million
Major shareholders
(%): Kazuyuki Masuda, other (--100)
No. of
shareholders: 5
Nothing detrimental is known as to the commercial morality of executives.
Activities: Manufactures
super inkjet printers, plating primer ink, data generation system, other
(--100%)
Clients: Nara Institute of
Science & Technology, semiconductor makers, universities, laboratories,
other
No. of accounts: 200
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] IOX Co, Harima Chemical Group Inc, other
Payment record: Unknown
Location: Business area in
Tsukuba, Ibaraki-Pref. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Gotanda)
Mizuho Bank
(Marunouchi-Chuo)
Relations:
Satisfactory
UNDISCLOSED AND
UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.13 |
|
|
1 |
Rs.102.25 |
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Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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.