|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FUKAYA LILYST CLUB CO LTD |
|
|
|
|
Registered Office : |
718-2 Ohya Fukaya City Saitama-Pref 366-0814 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
June, 1994 |
|
|
|
|
Com. Reg. No.: |
0300-02-117169 (Saitama-Fukaya) |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen Gaisha) |
|
|
|
|
Line of Business : |
Import, wholesale of lily seeds & seedlings |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
Yen 13.8 million |
|
Status : |
Moderate |
|
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 – 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 |
FUKAYA LILYST CLUB
CO LTD
REGD NAME: YK Fukaya
MAIN OFFICE: 718-2 Ohya Fukaya City Saitama-Pref 366-0814
JAPAN
Tel: 048-571-6156
URL: N/A
Import, wholesale of lily seeds & seedlings
Nil
TETSUO TAKAHASHI, PRES
In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 760 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 3 M
TREND SLOW WORTH Yen 81 M
STARTED 1994 EMPLOYES 1
TRADING FIRM SPECIALIZING IN LILY SEEDS & SEEDLINGS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 13.8 MILLION, ON 30 DAYS
NORMAL TERMS.
The subject company was established by Tetsuo Takahashi in order to make
most of his experience in the subject line of business. This is a one-man trading firm for import and
wholesale of lily seeds & seedlings, other.
Goods are imported from Netherlands and supplied to farms flower shops,
other.
Financials are disclosed only partially.
The sales volume for May/2013 fiscal term amounted to Yen 760 million, a
slight down from Yen 766 million in the previous term. The net profit was posted at Yen 13 million,
compared with Yen 15 million a year ago.
For the term that ended May 2014 the net profit was projected at Yen 15
million, on a 3% rise in turnover, to Yen 785 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but good for MODERATE
business engagements. Max credit limit
is estimated at Yen 13.8 million, on 30 days normal terms.
Date Registered: Jun 1994
Regd No.: 0300-02-117169 (Saitama-Fukaya)
Legal Status:
Private Limited Company (Yugen Gaisha)
Regd Capital: Yen
3 million
Major shareholders
(%): Tetsuo Takahashi (100)
Nothing detrimental is known as to his commercial morality.
Activities: Imports and
wholesales lily seeds & seedlings (--100%)
Clients: [Mfrs,
wholesalers] Takaichi Farms, Takizawa Inc, JA Tomizatoshi, other to lily farms
& farmlands
No. of accounts: 100
Domestic areas of
activities: Centered in Saitama-Pref
Suppliers: [Mfrs,
wholesalers] Imports from Netherlands, other
Payment record: Slow but correct
Location: Business area in
Fukaya City, Saitama-Pref. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
Gunma Bank
(Fukaya)
Musashino
Bank (Fukaya)
Relations:
Money deposits & transfers only
|
Terms Ending: |
|
31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
|
Annual Sales |
|
785 |
760 |
766 |
754 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
15 |
13 |
15 |
-109 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
81 |
68 |
53 |
|
Capital, Paid-Up |
|
|
3 |
3 |
3 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.29 |
-0.78 |
1.59 |
8.02 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
1.91 |
1.71 |
1.96 |
-14.46 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/05/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.