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Report Date : |
05.03.2014 |
IDENTIFICATION DETAILS
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Name : |
KRONGTHIP INNOVATION INC |
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Registered Office : |
4-22-9 Mejiro Toshimaku |
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Country : |
Japan |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
August 1999 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, wholesaler and retailer of shoes such as sports shoes &
rubber shoes |
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No. of Employees |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 22.0 Million |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
KRONGTHIP INNOVATION INC
KK Krongthip
Innovation
4-22-9 Mejiro
Toshimaku Tokyo 171-0031 JAPAN
Tel:
03-5988-7225
Fax: 03-5988-7226
URL: http://www.krongthip.co.jp
E-Mail address: info@krongthip.co.jp
Import,
wholesale, retail of shoes, rubber shoes, sports shoes
Shinjukuku
(retail shop)
Tochigi,
Fukushima (--warehouses)
KAZUMI
FUJIKURA, PRES
Yukichi
Fujikura, dir
Eiko
Fujikura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 760 M
PAYMENTS No
Complaints CAPITAL Yen 20
M
TREND UP WORTH Yen 84 M
STARTED 1999 EMPLOYES 20
TRADING FIRM SPECIALIZING IN SHOES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 22.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Kazumi Fujikura in order to make
most of his experience in the subject line of business. This is a family-based trading firm
specializing in import and wholesale of shoes.
Goods are also retailed at its own stores. Goods are imported. Clients include department stores, mail-order
houses, other.
The sales volume for May/2013 fiscal term amounted to Yen 728 million, a
6% up from Yen 688 million in the previous term. Large orders were received from one of its
mail-order house clients. The net profit
was posted at Yen 34 million, compared with Yen 20 million a year ago.
For the current term ending May 2014 the net profit is projected at Yen
35 million, on a 4% rise in turnover, to Yen 760 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 22.0 million, on 30 days normal terms.
Date Registered: Aug 1999
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major shareholders (%): Eiko Fujikura (45), Kazumi
Fujikura (27.5), Yukichi Fujikura (2.5)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports,
wholesales and retails shoes: sports shoes, rubber shoes, other (--100%)
Clients: [Mfrs,
wholesalers] Senshukai, Misawa, Marui, Lightup Shopping Club, Styling Life
Holdings, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Earth, Brand Handling, Bedroom Athletics, other.
Imports from Taiwan, China, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
SMBC
(Ikebukuro-Higashiguchi)
Mizuho
Bank (Ikebukuro)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
|
|
Annual
Sales |
|
760 |
728 |
688 |
555 |
|
Recur.
Profit |
|
|
|
|
11 |
|
Net
Profit |
|
35 |
34 |
20 |
11 |
|
Total
Assets |
|
|
340 |
324 |
266 |
|
Current
Assets |
|
|
338 |
318 |
265 |
|
Current
Liabs |
|
|
132 |
107 |
75 |
|
Net
Worth |
|
|
84 |
49 |
29 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.40 |
5.81 |
23.96 |
49.19 |
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Current Ratio |
|
.. |
256.06 |
297.20 |
353.33 |
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N.Worth Ratio |
.. |
24.71 |
15.12 |
10.90 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
1.98 |
|
N.Profit/Sales |
4.61 |
4.67 |
2.91 |
1.98 |
|
|
Return On Equity |
.. |
40.48 |
40.82 |
37.93 |
|
Notes:
Forecast (or estimated) figures for the 31/05/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.90 |
|
UK Pound |
1 |
Rs.103.26 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
-- |
|
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.