|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL BUSINESS SOLUTIONS INC |
|
|
|
|
Registered Office : |
6-4-18
Kozukayama Tarumiku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
January 2008 |
|
|
|
|
Legal Form : |
Limited
Company |
|
|
|
|
Line of Business : |
importer, exporter and wholesaler of oil mist collectors & carburetors |
|
|
|
|
No. of Employees |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 1 Million |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 |
|
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 |
GLOBAL BUSINESS SOLUTIONS INC
Global Business
Solutions KK
6-4-18 Kozukayama
Tarumiku Kobe 655-0002 JAPAN
Tel: 078-791-0798 Fax: 078-791-0698
URL: N/A
Import,
export of oil mist collector & carburetor
Nil
TAKASHI
SAKAMOTO, PRES
Kazushige
Gotoh, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 18 M
PAYMENTS slow
CAPITAL Yen 2 M
TREND UP WORTH Yen 2 M
STARTED 2008 EMPLOYES 3
TRADING FIRM SPECIALIZING IN OIL MIST COLLECTOR.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE OOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 1 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Takashi Sakamoto in order to make most of his experience in the subject line of business. This is a trading firm specializing in import, export and wholesale of oil mist collectors & carburetors. Goods are imported from Europe, USA, other. Clients include major heavy machinery mfrs, shipbuilders, other.
Financial are only partially disclosed.
The sales volume for Dec/2012 fiscal term amounted to Yen 18 million, a
29% up from Yen 14 million in the previous term. The operations came back to profitability to
post Yen 1 million net profit, compared with Yen 1 million net losses a year
ago.
For the term that ended Dec 2013 the net profit was projected at Yen 2 million,
on a 6% rise in turnover, to Yen 19 million.
Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 1 million, on 30 days normal terms.
Date Registered: Jan 2008
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
160 shares
Issued: 40 shares
Sum: Yen 2 million
Major shareholders (%): Takashi Sakamoto (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales oil mist collectors, carburetors, other (--100%).
Clients: [Mfrs,
wholesalers] Mitsubishi Heavy Ind, Kobe Steel, Hitachi Shipbuilding, Flair
Nagao Inc, Cabot Super Metal, Denki Kagaku Kogyo, Konoike Transport, Mikuni
Jyukogyo Co, Hitachi Industrial Equipment Systems, other
No. of accounts: 100
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Dollinger Ireland
Ltd, SPX-Deltech Germany, other
Payment record: slow
Location:
Business area in Kobe. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Minato
Bank (Shintamon)
Relations:
Money deposits & transfers only
(In Million Yen)
|
Terms Ending: |
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Annual
Sales |
|
19 |
18 |
14 |
16 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
2 |
1 |
-1 |
-3 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
2 |
1 |
2 |
|
Capital,
Paid-Up |
|
|
2 |
2 |
2 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.56 |
28.57 |
-12.50 |
-44.83 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
10.53 |
5.56 |
-7.14 |
-18.75 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.70 |
|
UK Pound |
1 |
Rs.100.97 |
|
Euro |
1 |
Rs.84.16 |
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 |
|
|
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.