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Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
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Name : |
STERLING JAPAN CO LTD |
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Registered Office : |
8-14-18-14-1 |
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Country : |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
March 1990 |
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Com. Reg. No.: |
0400-01-017812
(Chiba-Funabashi) |
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Legal Form : |
Limited Company |
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Line of Business : |
Leasing of construction
machinery & equipment |
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No. of Employees : |
01 |
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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Maximum Credit Limit : |
Yen 0.3 Million |
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Status : |
Small Company |
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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 – december 01, 2013
|
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 |
STERLING JAPAN CO LTD
KK Sterling
8-14-18-14-1
Fujiwara Funabshi City Chiba-Pref 273-0047 JAPAN
Tel:
047-430-1883 Fax: 047-438-2544
*.. Registered at this address
URL: http://www.sterling.jp
E-Mail address: sterling@cba.att.ne.jp
Postal Address
2-23-2,
Kitahoncho, Funabashi Shi, Chiba Ken, Japan
Leasing
of construction machinery & equipment
Nil
SAYURI
HOSHI, PRES Haruki Hoshi, dir
Katsuji
Hoshi, dir Ayako
Hoshi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 19 M
PAYMENTS Slow
but Correct CAPITAL Yen
10 M
TREND SLOW WORTH Yen 59 M
STARTED 1990 EMPLOYES 1
LEASING OF CONSTRUCTION MACHINERY & EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 0.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established on the basis of a leasing division separated from Hoshi Kensetsu KK at the caption address. This specializes in leading construction machines & equipment, their attachments. Products are supplied to the parent. Sayuri is concurrently pres at the parent.
Financials are only partially disclosed. Profits are not disclosed and are estimated only.
The sales volume for Sept/2013 fiscal term amounted to Yen 19 million, a similar amount in the previous term. The net profit is estimated posted at Yen 5 million, similarly in the previous term.
For the current term ending Sept 2014 the net profit is projected at Yen 6 million, on a 5% rise in turnover, to Yen 20 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 0.3 million, on 30 days normal terms.
Date Registered: Mar 1990
Regd No.: 0400-01-017812 (Chiba-Funabashi)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Fujiwara Kensetsu KK* (100)
*.. Construction firm at the caption address, founded 1967, capital Yen 20 million, sales Yen 518 million, net profit Yen 32 million, employees 6, pres Sayuri Hoshi, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Leasing of construction machinery/equipment, other (--100%)
Clients: [Mfrs, wholesalers] Hoshi Kensetsu KK
No. of accounts: 1 (for distribution)
Domestic areas of activities: Centered in Chiba-Pref
Suppliers: Machinery mfrs, other
Payment record: Slow but Correct
Location: Business area in Funabashi City. Office premises at the caption address are owned by the parent and maintained satisfactorily.
Bank References:
Mizuho Bank (Funabashi)
Relations: Satisfactory
(In Million Yen)
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Terms
Ending: |
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30/09/2014 |
30/09/2013 |
30/09/2012 |
30/09/2011 |
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Annual
Sales |
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20 |
19 |
19 |
19 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
6 |
5 |
5 |
5 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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|
1,610 |
1,510 |
1,410 |
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Capital,
Paid-Up |
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|
10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.26 |
0.00 |
0.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
30.00 |
26.32 |
26.32 |
26.32 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
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UK Pound |
1 |
Rs.103.93 |
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Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.