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Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
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Name : |
GATEWAY COMPUTERS LTD |
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Registered Office : |
Konko Bldg 4F, 1-1-16 Kanda-Izumicho Chiyodaku Tokyo 101-0024 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
November, 1982 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of PC’s hardware, software |
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No. of Employees : |
91 |
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 49.8 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus, monetary easing, and structural
reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact
that would open Japan's economy to increased foreign competition and create new
export opportunities for Japanese businesses. 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 is exceeding 230% of
GDP. To help raise government revenue and reduce public debt, Japan decided in
2013 to gradually increase the consumption tax to a total of 10% by the year
2015. Japan is making progress on ending deflation due to a weaker yen and
higher energy costs, but reliance on exports to drive growth and an aging,
shrinking population pose other major long-term challenges for the economy.
|
Source
: CIA |
GATEWAY COMPUTERS
LTD
REGD NAME: Gateway Computer KK
MAIN OFFICE: Konko Bldg 4F, 1-1-16 Kanda-Izumicho Chiyodaku
Tokyo 101-0024 JAPAN
Tel:
03-5823-8123
Fax: 03-5823-8131
URL: http://www.gateway.co.jp
E-Mail address: (thru the URL)
Import, export, wholesale of PC’s hardware, software
Tokyo (Senju)
Singapore
SHUICHI HAYASHI, PRES
In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen
2,702 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 47 M
TREND SLOW WORTH Yen 481 M
STARTED 1982 EMPLOYES 91
TRADING FIRM SPECIALIZING IN PC’S 6 PERIPHERALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 49.8 MILLION, ON 30 DAYS NORMAL
TERMS.
The subject company was established by Shuichi Hayashi in order to make
most of his experience in the subject line of business. This is a trading firm specializing in
import, export and wholesale of Pc’s hardware & software, other
peripherals, other. Clients include
financial institutions, life insurance companies, other.
Financials are disclosed only partially.
The sales volume for Mar/2013 fiscal term amounted to Yen 2,702 million,
a 3% down from Yen 2,772 million in the previous term. The net profit was posted at Yen 36 million,
compared with Yen 21 million a year ago.
For the term that ended Mar 2014 the net profit was projected at Yen 40
million, on a 5% rise in turnover, to Yen 2,850 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 49.8 million, on 30 days normal terms.
Date Registered: Nov 1982
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
378,000 shares
Issued:
94,500 shares
Sum: Yen 47.25 million
Major shareholders
(%): Mitani Sekisan*, Employees’ S/Holding Assn, Kotaro Kitagawa, Koji
Mitani, Satoshi itani (Breakdowns not available)
No. of shareholders: 6
*.. Holding company
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales PC’s hardware, software, other peripherals, other (--100%)
Clients: [Mfrs,
wholesalers] Prudential Gibraltar Financial Life Ins Co Deutche Bank Group
firms, Nomura Holdings, Royal Bank of Scotland PLC, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitani Trading, Daiwabo Information System, Renobo Japan, Japan
Hewett Packard, other
Payment record: No complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Senju)
MUFG
(Akihabara)
Relations:
Satisfactory
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual Sales |
|
2,850 |
2,702 |
2,772 |
2,566 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
40 |
36 |
21 |
26 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
481 |
445 |
424 |
|
Capital, Paid-Up |
|
|
47 |
47 |
47 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.48 |
-2.53 |
8.03 |
35.70 |
|
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Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
1.40 |
1.33 |
0.76 |
1.01 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.