|
Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
JOP CO LTD |
|
|
|
|
Registered Office : |
Shintomi TT Bldg 4F, 1-13-26 Shintomi
Chuoku Tokyo 104-0041 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
October 1999 |
|
|
|
|
Com. Reg. No.: |
Not Available |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
importer, exporter
and wholesaler of waste paper,
paper products & waste plastic bottles |
|
|
|
|
No. of Employees |
08 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
JOP CO LTD
KK J. O. P.
Shintomi TT Bldg
4F, 1-13-26 Shintomi Chuoku Tokyo 104-0041 JAPAN
Tel:
03-5542-0456 Fax: 03-5542-0436
URL: http://www.jop-group.com
E-Mail address: (thru the URL)
importer, exporter and wholesaler of waste paper, paper products & waste plastic bottles
Nil
MICHIAKI
NAGATOME, PRES
Yuko
Kumamoto, v pres
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 2,200 M*
PAYMENTSNo Complaints
CAPITAL Yen 23 M
TREND UP WORTH Yen 72 M
STARTED 1999 EMPLOYES 8
*.. This is
for irregular 5 months due to change in accounting term
TRADING FIRM SPECIALIZING IN WASTE PAPER, PAPER PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Michiaki Nagatome in order to make
most of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of waste paper, paper products & waste plastic bottles. Exports to mainly China and other S/E Asian
countries.
Financials are only partially disclosed.
The sales volume for Sept/2013 fiscal term, for irregular 5 months due
to the change in accounting term to Oct/Sept, amounted to Yen 2,200 million, a
17% up on an adjusted 12-month basis from Yen 4,500 million in the previous
term. Exports were robust to firstly
China and other S/E Asian countries. The
net profit was posted at Yen 5 million, compared with Yen 37 million net profit
for 12 months a year ago.
For the current term ending Sept 2014 the net profit is projected at Yen
40 million, on a 4% rise in turnover, to Yen 5,500 million. Exports continue robust and active.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Oct
1999
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,872 shares
Issued:
468 shares
Sum: Yen 23.4 million
Major shareholders (%): Michiaki Nagatome (23),
Yasuhiro Ozaki (19.3), Hiroshi Kumamoto (19.3), Katsuhiko Nagomichi (19.3)
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports, imports
and wholesales waste paper, waste plastic bottles, paper products, other
(--100%)
Clients: [Mfrs,
wholesalers] Exports to: China, Korea, Thailand, Vietnam, Taiwan, Philippines,
India, Indonesia, Malaysia, Bangladesh, Pakistan (volumewise in this
order)
No. of accounts: 20
(domestic only)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Tokyo Clear Center, Koyo Service Yoshiya Corporation, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Shoko Chukin
Bank (H/O)
Mizuho
Bank (Kanda-Ekimae)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/09/2014 |
30/09/2013 |
30/04/2013 |
30/04/2012 |
|
Annual
Sales |
|
5,500 |
2,200 |
4,500 |
4,500 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
40 |
5 |
37 |
5 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
72 |
67 |
30 |
|
Capital,
Paid-Up |
|
|
23 |
23 |
23 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.16 |
17.33 |
0.00 |
-19.64 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.73 |
0.23 |
0.82 |
0.11 |
|
Notes: Financials are only partially disclosed. The 30/09/2013 fiscal term is for irregular 5
months due to the change in accounting term to Oct/Sept from the May/Apr. The growth rates are adjusted on a regular
120month basis
Forecast
(or estimated) figures for the 30/09/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
UK Pound |
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
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.