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Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
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Name : |
KEN YU TRADING INC |
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Registered Office : |
Kawara No.2 Bldg 306/307 F, 13-2 Kawara Hirakata Osaka-Pref 573-0028 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2013 |
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Date of Incorporation : |
November 2002 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Wholesaler of organic raw materials, supplement
raw materials, natural foods, organic miso & soy sauce, stationery,
organic textiles, other |
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No of Employees : |
3 |
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 : |
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) |
|
Japan |
A1 |
A1 |
|
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 |
KEN
YU TRADING INC
REGD
NAME: Ken Yu Koeki YK
Kawara No.2 Bldg 306/307 F, 13-2 Kawara
Hirakata Osaka-Pref 573-0028, JAPAN
Tel: 072-804-0050 Fax: 072-804-0051
URL: http://www.kenyu-trading.com/
E-Mail address: katsukenyu888@yahoo.co.jp
Import, wholesale of organic raw
materials, supplement foods, natural foods, other
Nil
SHINJI CHIMOTO, PRES Toshimine Tanaka, dir
Katsunori
Ishizumi, dir Taiko Ishizumi
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,200 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen
3 M
TREND STEADY WORTH Yen 252 M
STARTED 2002 EMPLOYES 3
IMPORTER & WHOLESALER
SPECIALIZING IN ORGANIC RAW MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established jointly by three partners: Li Ming Feng (a
naturalized Chinese, now Toshimine Tanaka), Shinji Chimoto and Katsunori
Ishizumi in order to make most of their experiences in organic & health
food business for almost 20 years. This
is a trading firm specializing in import and wholesale of organic soybeans,
coffee beans, wheat, rice, supplement foods, natural foods, other. Products are imported from USA, China,
Europe, S/W Asia, Mid/South America, other.
Domestic clients are soybeans mfrs, miso mfrs, health foods
mfrs/wholesalers, other. Goods are also
exported.
Financials are only partially
disclosed.
The
sales volume for Oct/2012 fiscal term is estimated to amount to Yen 1,200 million,
a similar amount in the previous term.
The net profit was posted at Yen 3 million, similarly in the previous
term. .
For the term that ended Oct 2013 the net profit was
projected at Yen 3 million, on a 4% rise in turnover, to Yen 1,250 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered:
Nov 2002
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen 3
million
Major
shareholders (%): Katsunori Ishizumi, Toshimine Tanaka, Shinji Chimoto
(--equally shared)
No. of shareholders: 3
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Imports
and wholesales organic raw materials, supplement raw materials, natural foods,
organic miso & soy sauce, stationery, organic textiles, other (--100%).
(Handling
Items):
Organic
Raw Materials: organic soybeans, buckwheat, rice, coffee beans, wheat
flour, sugar, chili powder, paste, fruit juice, oil, black teas, honey, wasabi
powder, soy cakes;
Supplement
Raw Materials: chlorella, chlorella powder, royal jelly, propolis,
dextrose monohydrate, calcium, other;
Natural
Foods: seasoning, instant noodles, confectionary, organic coffee,
black teas, other;
Stationary
& Promotional Goods: textile, light industrial goods,
stationery, electric products, other;
Organic
Shout & Tamari Sauce: Mfg and sales in bulk.
Clients:
Fermented soybeans mfrs, health foods mfrs, soy sauce & miso mfrs, other.
Soy sauce, miso and other Japanese foods are
exported to USA, etc.
No. of accounts: 300
Domestic areas of activities: Centered in
greater-Osaka
Suppliers:
[Mfrs, wholesalers] Imports from USA, Canada, China, Europe, Mid/South America,
other.
Domestically, supplied from Yaeyama
Shokusan, Sugishoku, other
Payment record: Slow But Correct
Location:
Business area in Hirakata City, Osaka-Pref.
Office premises at the caption address are leased and maintained
satisfactorily.
SMBC (Hirakata)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
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Annual
Sales |
|
1,250 |
1,200 |
1,200 |
1,200 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
3 |
3 |
3 |
3 |
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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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|
252 |
249 |
246 |
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Capital,
Paid-Up |
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|
3 |
3 |
3 |
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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 |
4.17 |
0.00 |
0.00 |
9.09 |
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Current Ratio |
.. |
.. |
.. |
||
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N.Worth Ratio |
.. |
.. |
.. |
||
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N.Profit/Sales |
0.24 |
0.25 |
0.25 |
0.25 |
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Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures
for the 31/10/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.28 |
|
|
1 |
Rs. 103.84 |
|
Euro |
1 |
Rs. 85.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
|
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 |
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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 |
|
-- |
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.