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Report Date : |
24.02.2014 |
IDENTIFICATION DETAILS
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Name : |
MARUYONE TRADING
CO LTD |
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Registered Office : |
Daisan Maruyone Bldg 3F, 4-6-17 Bakuromachi Chuoku |
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Country : |
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Financials (as on) : |
30.11.2013 |
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Date of Incorporation : |
December 1948 |
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Com. Reg. No.: |
1200-01-089980 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and Wholesaler of wood, logs, lumber, lumber
products, laminated lumber, furniture & parts, building materials, other |
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No of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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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 |
MARUYONE TRADING
CO LTD
KK Maruyone Shokai
Daisan Maruyone Bldg 3F, 4-6-17 Bakuromachi Chuoku Osaka 541-0059 JAPAN
Tel: 06-6251-9391 Fax:
06-6281-0793
*.. Registered at: 4-9-14 Minami-Semba Chuoku Osaka
URL: http://www.maruyone-trade.co.jp
E-Mail address: mtc@maruyone-trade.co.jp
Import, wholesale of logs, lumber, cut timber, furniture,
building materials
Nil
TOMOMI MIYAMARU, PRES
Katsunori Miyamaru, ch
Naomi Miyamaru, s/mgn dir
Yen Amount: In million
Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,367 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 40
M
TREND SLOW WORTH Yen 291 M
STARTED 1948 EMPLOYES 17
TRADING FIRM SPECIALIZING IN LOGS & TIMBER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established originally in 1924 by
Katsuzo Miyamaru, on his account, for importing logs from Canada & USA, and
was incorporated in 1948. This is a
family-based trading firm for import and wholesale of wood, lumber, furniture,
building materials, other. Tomomi took
the pres office in Nov 2011. Products
are imported from USA, Canada, China, Africa, S/E Asia, other.
Financials are only partially disclosed.
The sales volume for Nov/2012 fiscal term amounted to Yen
1,367 million, a 9% down from Yen 1,508 million in the previous term. High Yen hurt the imports, reducing earnings
in Yen terms. The net profit was posted
at Yen 84 million, compared with Yen 144 million net losses a year ago.
For the term that ended Nov 2013 the net profit was
projected at Yen 90 million, on a 6% rise in turnover, to Yen 1,450
million. Final results are yet to be
released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 34.0 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 1948
Regd
No.: 1200-01-089980 (Osaka-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized: 320,000 shares
Issued:
80,000 shares
Sum: Yen
40 million
Major
shareholders (%): Katsunori Miyamaru (85), and families
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
Activities:
Imports and wholesales wood, logs, lumber, lumber products, laminated lumber,
furniture & parts, building materials, other (--100%)
Clients:
[Mfrs, wholesalers] Asahi Woodtech Corp, PT Maruki, Marunaka Wood, Takashima,
other
No. of accounts: 300
Domestic areas of activities: Centered in
greater-Osaka
Suppliers:
[Mfrs, wholesalers] Imports from S/E Asia, USA, Canada, China, Africa, other
Domestically supplied from: Hoxan Corp, Nichimoku Fancy
Materials, other
Payment
record: No Complaints
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactorily.
Bank
References:
Toyama Daiichi Bank (Osaka)
Amagasaki Shinkin Bank (Osaka)
Relations: Satisfactory
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Terms Ending: |
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30/11/2013 |
30/11/2012 |
30/11/2011 |
30/11/2010 |
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Annual
Sales |
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1,450 |
1,367 |
1,508 |
1,351 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
90 |
84 |
-144 |
14 |
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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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|
291 |
207 |
351 |
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Capital,
Paid-Up |
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|
40 |
40 |
40 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
8.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.07 |
-9.35 |
11.62 |
20.09 |
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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 |
6.21 |
6.14 |
-9.55 |
1.04 |
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Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures
for the 30/11/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.16 |
|
|
1 |
Rs. 103.44 |
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Euro |
1 |
Rs. 85.26 |
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 |
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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.