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Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
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Name : |
SOFTBANK COMMERCE & SERVICE CORP |
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Registered Office : |
Shiodome Sumitomo Bldg, 1-9-2 Higashi-Shimbashi Minatoku Tokyo
105-0021 |
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Country : |
Japan |
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Date of Incorporation : |
April 2014 |
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Com. Reg. No.: |
0104-01-111111 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing of IT-related products, mobile accessories, ICT-related
services |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 |
In absence of financials, no credit limit could be recommended.
SOFTBANK COMMERCE & SERVICE CORP
REGD NAME: Softbank
Commerce & Service KK
MAIN OFFICE: Shiodome
Sumitomo Bldg, 1-9-2 Higashi-Shimbashi Minatoku Tokyo 105-0021
JAPAN
Tel: 03-6858-6500
URL: http://www.cas.softbank.jp
E-Mail address: (thru the URL)
Mfg of IT-related
products, mobile accessories, ICT-related services
Osaka, Nagoya,
Sapporo, Sendai, Hiroshima, Fukuoka
USA
(subcontracted to
SoftBank group firms/subsidiaries)
YASUO MIZOGUCHI,
PRES
Ken Miyauchi, ch
Yen Amount: In million Yen, unless otherwise stated
Date Registered: Apr
2014
Regd No.:
0104-01-111111 (Tokyo-Minatoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 40,000 shares
Issued: 10,000 shares
Sum: Yen 500 million
Major
shareholders (%): SB C&S Holdings GK* (100)
*.. Holdings Company
Nothing
detrimental is known as to the commercial morality of executives.
The subject company was established anew on
the basis of IT-related products division separated from SoftBank BB Corp,
Tokyo. This is basically a trading firm,
with mfg division, for import, export and wholesale of IT-related products,
mobile phone accessories, ICT-related services.
Mfg is consigned to the group/subsidiary firms. The sales volume is targeted at Yen 270,500
million for the initial one year term, as reported. Total assets to be Yen 69,400 million and the
net worth at Yen 17,200 million, as reported.
It will continue providing ICT solutions that combine the infrastructure
of mobile and fixed lines with ICT-related products to corporate customers, web
services for various mobile devices, and e-procurement services through
leveraging SoftBank group synergies. In
order to further strengthen and enhance the C&S business and create
synergies by integrating operations, the firm became a subsidiary of Brightstar
Corp (_Brightstar), a US SoftBank group company since Jan 2014. Brightstar is the world’s largest specialized
wireless distributor and a leading provider of diversified services. Together, the subject firm and Brightstar
will expand sales of C&S mobile accessories and cloud services to the global
market via Brightstar’s expansive network as well as introduce Brightstar’s
diverse handset-related services to the Japanese market. Today, Brightstar provides services in over
125 countries and has a local presence in over 50 countries.
Group firms: BB Softservice Corp, DeeCorp
Ltd, and SB Frameworks Corp.
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank
(Ohtemachi)
SMBC (Tokyo)
Relations:
^Satisfactory
(In Million
Yen)
NOT YET MADE AVAILABLE.
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
: |
KAR |
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Report Prepared
by : |
NIS |
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 |
|
|
-- |
NB |
New Business |
-- |
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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.