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Report Date : |
20.01.2014 |
IDENTIFICATION DETAILS
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Name : |
VLUEVISION LTD |
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Registered Office : |
1-13-12 Shin-Yokohama Kohokuku Yokohama
222-0033 |
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Country : |
Japan |
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Date of Incorporation : |
April 2009 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of optical & imaging
products |
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No. of Employees : |
5 -10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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 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 |
VLUEVISION LTD
REGD NAME: KK
Bluevision
MAIN OFFICE: 1-13-12
Shin-Yokohama Kohokuku Yokohama 222-0033 JAPAN
Tel:
045-471-4395 Fax: 045-471-4598
URL: http://www.bluevision.jp
E-Mail address: sales@bluevision.jp
Mfg of optical
& imaging products
Nil
At the caption
address; subcontracted
YASUKAZU TANABE
PRED
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTSUNKNOWN CAPITAL Yen
9 M
TREND UNDETD WORTH Yen 30 M*
STARTED 2009 EMPLOYES 5-10
*..
Only estimated as undisclosed
MFR OF OPTICAL & IMAGING PRODUCTS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN
BUSINESSRECORDS BUT SHOULD BE GOOD FOR MODERATE BUISNESS ENGAGEMENTS.
The subject company was established by Yasukazu Tanabe in order to make
most of his experience in the subject line of business. This is a trading firm, with mfg division,
specializing in optical & imaging products: lens, camera, other. The firm does not disclose its managerial and
financial information and the contents of this report are based on information
from outside sources.
Financials are not disclosed and only estimated that annual turnover, is
around Yen 100 million, but this is not verified.
The financial situation is undetermined due to the lack of proven business
but should be good for MODERATE business engagements.
Date Registered: Apr 2009
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 720 shares
Issued: 180 shares
Sum: Yen 9 million
Major shareholders (%): Yasukazu Tanabe
(100)
Nothing
detrimental is known as to his commercial morality.
Activities: Manufactures
optical & imaging products: lens, camera, other (--100%)
Goods are exported
Payment record: Unknown
Location: Business area in
Yokohama. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References: Local Bank
(Yokohama)
Relations:
Satisfactory
(In Million Yen)
UNDISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.