|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
GENESIS INC |
|
|
|
|
Registered Office : |
Akasaka Twin tower East 13F, 2-17-22 Akasaka Minatoku Tokyo |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.08.2012 |
|
|
|
|
Date of Incorporation : |
Apr 2003 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Marketing consultant, system solution, data processing |
|
|
|
|
No. of Employees : |
53 |
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 64.0 million |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 |
GENESIS INC
REGD NAME: Genesis KK
MAIN OFFICE: Akasaka Twin tower East 13F, 2-17-22 Akasaka
Minatoku Tokyo
107-0052JAPAN
Tel:
03-6230-3500
Fax: 03-6230-3560
URL: http://www.genesis-bc.co.jp
E-Mail address: privacy@genesis-bc.co.jp
Marketing consultant, system solution, data processing
Osaka
MASAHIKO ASANO, PRES
Hitoshi Yoshida, ch
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,098 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
50 M
TREND UP WORTH Yen 107 M
STARTED 2003 EMPLOYES 53
MARKETING CONSULTANT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 64.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Hitoshi Yoshida, now ch at the
firm, in order to make most of his experience in the subject line of
business. This is a marketing consultant
offering system solutions, data processing, strategy, other. Clients include NTT, TV broadcasters, other.
Financials are only partially disclosed.
The sales volume for Aug/2012 fiscal term amounted to Yen 2,098 million,
a 45% up from Yen 1,450 million in the previous term. Clients networks expanded to include NTT and
group firms. The operations, however,
plunged into the red to post Yen 98 million net losses for the term, compared
with Yen 21 million net profit a year ago.
The reasons for the losses are not clearly explained.
For the term that ended Aug 2013 the operations were projected to come
back to profitability to post Yen 25 million net profit, on a 5% rise in
turnover, to Yen 2,200 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 64.0 million, on 30 days normal terms.
Date Registered: Apr
2003
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 40,000 shares
Issued:
10,000 shares
Sum: Yen 50 million
Major shareholders
(%): Frontier Works (37), JAIC Investors (32), other
No. of
shareholders: 25
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Business
consultant offering marketing, system solutions, information (data) processing,
communications, investor relations, other (--100%)
Clients: [Mfrs,
wholesalers] NTT East, NTT Advertising, Coca-Cola Japan, Nippon Television Network
Corp, Gaga Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Tokyu Agency, Kinki Nippon Tourist, Asahi Advertising Inc, other
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Resona Bank
(Akasaka)
Shoko
Chukin Bank (Omori)
Relations:
Satisfactory
|
Terms Ending: |
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
Annual Sales |
|
2,200 |
2,098 |
1,450 |
227 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
25 |
-98 |
21 |
2 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
107 |
205 |
184 |
|
Capital, Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.86 |
44.69 |
538.77 |
-40.26 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.14 |
-4.67 |
1.45 |
0.88 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62 |
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.