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Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ASIAMIX JAPANT
LTD |
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Registered Office : |
7-3-5 Nishiarai Adachiku Tokyo 123-0841 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
June 1964 |
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Com. Reg. No.: |
0118-01-006352 (Tokyo-Adachiku) (Registered under Lhasa Print Inc) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of offset printing inks & chemicals as well as
cleaning agents |
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No of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 18.3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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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 |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 |
ASIAMIX JAPANT LTD
Asiamix Japan KK
7-3-5 Nishiarai
Adachiku Tokyo 123-0841 JAPAN
Tel: 03-3856-5111 Fax: 03-3856-5120
E-Mail address: (thru the URL)
Manufacturer of
offset printing inks & chemicals as well as cleaning agents
Osaka,
Nagoya, Fukuoka, Kanazawa
Korea,
China (2), Hong Kong
Higashi-Matsuyama
(Saitama-Pref)
KATSUNORI
SHOJI, PRES Takahiri
Koyama, s/mgn dir
Hiroyasu
Fuchu, dir Makoto
Nakamura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 984 M
PAYMENTSSlow But Correct CAPITAL Yen 30 M
TREND SLOW WORTH Yen 341 M
STARTED 1964 EMPLOYES 25
MFR OF OFFSET PRINTING INKS & CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 18.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Nobuyuki Shoji in order to make
most of his experience in the subject line of business. Katsuhiro is his son, who took the pre office
in Jul 2005. This is a specialized mfr
of offset printing inks & chemicals, cleaning agents, other. Operates four overseas offices: China (2),
Korea and Hong Kong. Exports to about
250 companies overseas. The firm renamed
as captioned from Lohas Print Inc on 01/04/2013. Domestic clients include ink mfrs, printing
companies, other.
Financials are only partially disclosed.
The sales volume for Dec/2013 fiscal term amounted to Yen 984 million, a
4% down from Yen 1,025 million in the previous term. The net profit was posted at Yen 5 million,
compared with Yen 6 million a year ago.
For the current term ending Dec 2014 the net profit is projected at
Yen68 million, on a 7% rise in turnover, to Yen 1,050 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is
estimated at Yen 18.3 million, on 30 days normal terms.
Date Registered: Jun
1964
Regd No.: 0118-01-006352 (Tokyo-Adachiku) (Registered
under Lhasa Print Inc)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders (%): Nobuyuki Shoji (26), Katsunori Shoji
(12), Company’s Treasury Stock (8), Ine Shoji (7), Keiko Shoji (6)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
offset printing inks & chemicals, cleaning agents, others (--100%)
Good are exported to about 250 companies worldwide
Clients: [Mfrs,
wholesalers] Dainichiseika Colors & Chemicals Mfg, Toyo Ink Ind, Kyoto
Printing, Tokyo Ink, Toppan Printing, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Dainichiseika Colors & Chemicals Mfg, ABC Chemical Co, Griso
Chemie, Bousfield BV, Duco International Ltd, other
Payment record: Slow But
Correct
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Mizuho Bank (Dozaka)
MUFG (Senju-Chuo)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
Annual
Sales |
|
1,050 |
984 |
1,025 |
1,028 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
6 |
5 |
6 |
6 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
341 |
336 |
330 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
6.71 |
-4.00 |
-0.29 |
4.37 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.57 |
0.51 |
0.59 |
0.58 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.