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Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
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Name : |
SHAKTHI
CORPORATION |
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Registered Office : |
4-18-1 Eifuku Suginamiku Tokyo 168-0064 |
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Country : |
Japan |
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Date of Incorporation : |
May 1999 |
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Com. Reg. No.: |
0113-03-001255
(Tokyo-Suginamiku) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
importer and wholesaler of teas from Sri Lanka |
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No of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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.
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.
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Source
: CIA |
SHAKTHI CORPORATION
YK Shakthi
4-18-1 Eifuku Suginamiku Tokyo 168-0064 JAPAN
Tel: 080-3361-7512
(Mobile Phone)
*.. Moved to the
caption address in Aug 2005 from the former as given
URL: N/A
importer and wholesaler of teas from Sri Lanka
Nil
Sri
Lanka (the parent)
DELSHAN
DABARA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES Yen 30 M*
PAYMENTSUnknown CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 3 M**
STARTED 1999 EMPLOYES 1
*..
Professed by the president, and not verified
**..
Expressed by the paid-in Capital
TRADING FIRM OF TEAS FROM SRI
LANKA.
FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUISNESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Shakthi Corporation, Sri Lanka,
as its marketing office in Japan. This
is a trading firm for import and wholesale of teas from Sri Lanka. We have contacted the owner and obtained the
information herein contained, also this is based on the Registration
Certificate. Financials are all
consolidated by the Sri Lankan parent and not individually disclosed.
Financials are consolidated by the Sri Lankan parent, Shakthi Corporation,
and not disclosed individually. We have
obtained the approx. figures from the owners directly, who says the annual
turnover is around Yen 30 million. But
the figures are not verified and confirmed by the third parties.
Both the financial situation and business trends are not determined due
to the lack of proven business but should be good for MODERATE business
engagements.
Date Registered: May
1999
Regd No.: 0113-03-001255 (Tokyo-Suginamiku)
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen 3 million
Major shareholders (%):
Shakthi Corporation, Sri Lanka (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales teas from Sri Lanka (--100%)
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Payments
:
Unknown
Bank
References:
MUFG (Tachikawa)
Relations: Money deposits and transfers only
(In Million Yen)
NOT DISCLOSED AND
UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.10 |
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UK Pound |
1 |
Rs.102.40 |
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Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.