|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SWISSLINE JAPAN |
|
|
|
|
Registered Office : |
Daini Chichbuya Bldg 3F, Hirakawacho Chiyodaku Tokyo 102-0093 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.07.2012 |
|
|
|
|
Date of Incorporation : |
August, 1994 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale, retail of organic cosmetics |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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 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 |
SWISSLINE JAPAN
REGD NAME: KK SLJ
MAIN OFFICE: Daini Chichbuya Bldg 3F, Hirakawacho Chiyodaku
Tokyo 102-0093 JAPAN
Tel:
03-5216-1785
URL: http://www.slj.co.jp
E-Mail address: (thru the URL)
Import, wholesale, retail of organic cosmetics
Ikebukuro, Yokohama, Shibuya, Ginza (--organic market shops)
KUMIKO SATOU, PRES
Izumi Gotou, dir
Naoki Yamamura, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen
180 M
PAYMENTS SLOW BUT CORRECT
CAPITAL Yen 10 M
TREND UP WORTH Yen
23 M
STARTED 1994 EMPLOYES 5
IMPORTER OF ORGANIC COSMETICS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Kumiko Gotou in order to import
anti-aging Swiss skincare brand cosmetics.
This is a trading firm for importing organic cosmetics, now mostly from
France. The firm operates organic market
shops at department stores (now four in Tokyo.
Goods are also sold online.
Financials are only partially disclosed.
The sales volume for Jul/2012 fiscal term amounted to Yen 180 million, a
13% up from Yen 160 million in the previous term. A new organic market store opened. The net profit market time at Yen 1 million.
For the term that ended Jul 2013 the net profit was projected at Yen 2
million, on a 6% rise in turnover, to Yen 190 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date
Registered: Aug 1994
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum:
Yen
10 million
Major
shareholders (%): Kumiko Satou (40), Izumi
Gotou (30), Naoki Yamamura (30)
No.
of shareholders: 3
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Importer of
organic cosmetics: imports anti-aging skincare & cosmetics, aromatic
products, now mostly from France, operating 4 organic market shops at
department stores (Ginza, Ikebukuro, Shibuya, and Yokohama); goods are also
sold online (--100%)
Clients: [Mfrs,
wholesalers] Consumers (15%), Sogo Seibu Department Store, Senshukai,
Mitsukoshi Isetan, Ida Ryogokuya, other
No. of accounts: 200
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Marks, BM International, other
Imports from France, Switzerland, other
Payment record: Slow but Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kojimachi-Chuo)
SMBC (Kojimachi)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
|
Annual Sales |
|
190 |
180 |
160 |
90 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
2 |
1 |
1 |
1 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
23 |
22 |
21 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
1.00 |
1.00 |
1.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.56 |
12.50 |
77.78 |
-30.77 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.05 |
0.56 |
0.63 |
1.11 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/07/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.