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Report Date : |
25.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
TERRA CORPORATION |
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|
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Registered Office : |
Terra Bldg,
Kiribatake Kanagawaku Yokohama 221-0832 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
June 1991 |
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Legal Form : |
Limited Company |
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Line of Business : |
Retailer and wholesaler
of Mobile Phones, PC Software, Communications Systems, PC Security Systems,
Telephone Master, Presentation Server & Net Server |
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|
|
No. of Employees |
90 |
RATING & COMMENTS
|
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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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 |
|
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 |
TERRA CORPORATION
KK Terra
Terra Bldg,
Kiribatake Kanagawaku Yokohama 221-0832 JAPAN
Tel:
045-412-1200 Fax: 045-412-1210
URL: http://www.terracom.co.jp
E-Mail address: (thru the URL)
Retailer and wholesaler of Mobile Phones, PC Software, Communications Systems, PC Security Systems,
Telephone
Master, Presentation Server & Net Server
Tokyo,
Nagoya
Tokyo,
Nagoya, Kariya (2), Chiba, Saitama, Owari (Aichi)
RYUJI
YAMAZAKI, PRES
Wataru
Satoh, s/mgn dir
Satoshi
Yokota, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,083 M
PAYMENTSNo Complaints
CAPITAL Yen 49 M
TREND UP WORTH Yen 766 M
STARTED 1991 EMPLOYES 90
WHOLESALER & RETAILER OF MOBILE PHONES, SOFTWARE.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1989 as Kongosha KK and was incorporated in 1991. Renamed KK Gigas in 1995, and then in 1997 merged group subsidiaries and renamed as captioned. This is a wholesaler and retailer of mobile phones, communication software, other. Operates a total 7 stores in Tokyo, Chiba, Saitama, Nagoya, other. Clients include communication service providers, other
The sales volume for Mar/2013 fiscal term amounted to Yen 5,083 million, an 8% up from Yen 4,689 million in the previous term. Two new stores were opened. The recurring profit was posted at Yen 84 million and the net profit at Yen 56 million, respectively, compared with Yen 116 million recurring profit and Yen 61 million net profit, respectively, a year ago.
For the current term ending Mar 2014 the recurring profit is projected at Yen 85 million and the net profit at Yen 60 million, respectively, on a 3% rise in turnover, to Yen 5,250 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1991
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
3,000 shares
Issued:
992 shares
Sum: Yen 49.64 million
Major shareholders (%): Ryuji Yamazaki (40), Wataru
Satoh (10), Satoshi Yokota (10)
No. of shareholders: 7
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Retails and wholesales mobile phones, PC software, communications systems, PC security systems, telephone master, presentation server, net server, other (--100%)
Clients: [Mfrs, wholesalers] NTT DoComo, KDDI, TD Mobile, T-Gaia Corp, Yoshida Tsushin, other
No. of accounts: 100 (Wholesale Div only)
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] TD Mobile, KDDI, SoftBank Mobile, NTT DoComo, Fuji Xerox, IDK Inc, other
Payment record: No Complaints
Location:
Business area in Yokohama. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Yokohama)
Bank
of Yokohama (Kannai)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
5,250 |
5,083 |
4,689 |
4,004 |
|
Recur.
Profit |
|
85 |
84 |
116 |
|
|
Net
Profit |
|
60 |
56 |
61 |
40 |
|
Total
Assets |
|
|
1,103 |
984 |
915 |
|
Current
Assets |
|
|
498 |
424 |
|
|
Current
Liabs |
|
|
194 |
178 |
|
|
Net
Worth |
|
|
766 |
710 |
648 |
|
Capital,
Paid-Up |
|
|
49 |
49 |
49 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.29 |
8.40 |
17.11 |
97.05 |
|
|
Current Ratio |
.. |
256.70 |
238.20 |
.. |
|
|
N.Worth Ratio |
.. |
69.45 |
72.15 |
70.82 |
|
|
R.Profit/Sales |
1.62 |
1.65 |
2.47 |
.. |
|
|
N.Profit/Sales |
1.14 |
1.10 |
1.30 |
1.00 |
|
|
Return On Equity |
.. |
7.31 |
8.59 |
6.17 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.70 |
|
UK Pound |
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.83.81 |
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 |
|
|
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 |
|
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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.