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Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
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Name : |
KURIYAMA TRADING |
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|
|
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Registered Office : |
T Bldg 302, 1041-5 Kamikogawaracho Kofu 400-0044 |
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Country : |
Japan |
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Date of Incorporation : |
1999 |
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Legal Form : |
Sole Proprietorship |
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|
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LINE OF BUSINESS : |
IMPORT,
WHOLESALE OF POLISHED DIAMONDS |
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|
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No. of Employees |
01 |
RATING & COMMENTS
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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 : |
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
KURIYAMA TRADING
(SOLE
PROPRIETORSHIP)
REGD NAME: Kuriyama
Trading (Sole proprietorship & not registered)
MAIN OFFICE: T Bldg
302, 1041-5 Kamikogawaracho Kofu 400-0044 JAPAN
Tel:
055-243-7738 Fax: 055-243-7738
URL: N/A
Import, wholesale
of polished diamonds, from India
Nil
KIYOSHI KURIYAMA, PROPRIETOR
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 260 M*
PAYMENTSNO
COMPLAINTS CAPITAL - - -
TREND SLOW WORTH Yen 125 M*
STARTED 1999 EMPLOYES 1
* Estimated
figures only
SOLE PROPRIETOR FOR IMPORTING POLISHED DIAMONDS FROM INDIA. FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject firm was started by Kiyoshi Kuriyama, on his account, in
order to import polished diamonds from India, utilizing his previous experience
in the subject line of business. This is
a sole proprietorship and not registered.
Goods are imported from India centrally, some from Dubai, other. Clients are local jewel processors, jewelry
stores, etc, covering greater-Tokyo region.
Being a private household enterprise, financials are not disclosed. The owner declined to give them, but we have
somehow managed to get verbally more or less approximate figures as follows:
The sales volume for Dec/2013 fiscal term amounted to Yen 260 million, a
4% up from Yen 250 million in the previous term. The figures are only estimated from
conversation with the owner and not verified by third parties.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date Registered: Not registered
(Founded 1999)
Legal Status:
Sole Proprietorship
Net Worth:
Yen 120 million (estimated)
This is a sole proprietorship, owned and operated by Kiyoshi Kuriyama.
The net worth is estimated at Yen 125 million, which derived from his
past savings.
Nothing
detrimental is known as to his commercial morality.
Activities: Imports and wholesales polished diamonds
(100%).
Goods are imported
from India (almost 95%), other from Dubai, Thailand, etc.
Clients: Local jewel processors, jewelry stores,
other
No. of accounts:
50
Domestic areas of
activities: Centered in Kofu City, extending into greater-Tokyo area.
Suppliers: [Mfrs] Imports from India (95%), other from
Dubai, etc.
Payment record: No complaints
Location: Business area in
Kofu City. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References:
Yamanashi Chuo
Bank (Aonuma)
Kofu Shinkin Bank
(Minami)
Relations: Money
deposits & transfers only
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.68 |
|
Euro |
1 |
Rs.80.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.