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Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
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Name : |
PADECO CO LTD |
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Registered Office : |
Shin-Onarimon Bldg 5F, 6-17-19 Shimbashi Minatoku Tokyo 105-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
January, 1983 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Subject is a Business consultant |
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No. of Employees : |
110 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Yen 41.4 million |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 2013 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 225% 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 |
PADECO CO LTD
REGD NAME: KK Padeco
MAIN OFFICE: Shin-Onarimon Bldg 5F, 6-17-19 Shimbashi
Minatoku Tokyo 105-0004 JAPAN
Tel:
03-5733-0855
Fax: 03-5733-0856
URL: http://www.padeco.jp
E-Mail address: (thru the URL)
Business consultant
Tokyo Yokohama
Indonesia Thailand, Vietnam (2), Rumania, USA Bangladesh, UK, Nepal,
Cambodia, Mozambique, Ghana (--representative offices)
YUICHIRO KIMURA, PRES Bruce
Winston, dir
Yukiko Hotta, dir Takeo
Matsuzawa, dir
Hiroshi Kawashima, dir Mototoshi
Kakiuchi, dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 3,554 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
105 M
TREND UP WORTH Yen 472 M
STARTED 1983 EMPLOYES 110
BUSINESS CONSULTANT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 41.4 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Yuichiro Motomura in order to
make most of his experience in the subject line of business. This is a business consultant with wide range
of cover. Has representative offices
worldwide. Clients include banks,
ministries other.
The sales volume for Mar/2013 fiscal term amounted to Yen 3,554 million,
a 25% up from Yen 2,837 million in the previous term. Business expanded particularly into Vietnam
and Indonesia, the firm says. The
recurring profit was posted at Yen 173 million and the net profit at Yen 93
million, respectively, compared with Yen 126 million recurring profit and Yen
23 million net profit, respectively, a year ago.
For the current term ending Mar 2014 the recurring profit is projected
at Yen 180 million and the net profit at Yen 95 million, respectively, on a 3%
rise in turnover, to Yen 3,670 million.
F
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 41.4 million, on 30 days normal terms.
Date Registered: Jan 1983
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
840,000 shares
Issued:
210,000 shares
Sum: Yen 105 million
Major shareholders
(%): Yuichiro Motomura (74.1), Chiaki Kuranami (8.3), Bruce Winston (6.8),
Tokio Marine & Nichido Fire Ins (5)
No. of
shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
Activities: This is a
business consultant (100%)
Clients: [Mfrs,
wholesalers] World Bank, Asian Development Bank, International Cooperative
Assn, Ministry of Land, Infrastructure, Transport and Tourism, Bulgarian
Government, Inter-American Development Bank, European Bank for Reconstruction
& Development, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Business consultant firms, both domestic and overseas
Payment record: No complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Kojimachi)
Mizuho Bank
(Kojimachi)
Relations:
Satisfactory
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual Sales |
|
3,670 |
3,554 |
2,839 |
2,311 |
|
Recur. Profit |
|
180 |
173 |
126 |
|
|
Net Profit |
|
95 |
93 |
63 |
13 |
|
Total Assets |
|
|
2,966 |
3,204 |
1,230 |
|
Current Assets |
|
|
2,966 |
2,204 |
|
|
Current Liabs |
|
|
1,772 |
1,474 |
|
|
Net Worth |
|
|
472 |
386 |
338 |
|
Capital, Paid-Up |
|
|
105 |
105 |
105 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.26 |
25.18 |
22.85 |
17.13 |
|
|
Current Ratio |
.. |
167.38 |
149.53 |
.. |
|
|
N.Worth Ratio |
.. |
15.91 |
12.05 |
27.48 |
|
|
R.Profit/Sales |
4.90 |
4.87 |
4.44 |
.. |
|
|
N.Profit/Sales |
2.59 |
2.62 |
2.22 |
0.56 |
|
|
Return On Equity |
.. |
19.70 |
16.32 |
3.85 |
|
Notes: Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
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 |
|
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 |
|
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 |
|
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 |
|
<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.