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Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
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Name : |
DYNA BOEKI LTD |
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Registered Office : |
3602-1 Tamagawa Chino City Nagano-Pref 391-0011 |
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Country : |
Japan |
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Date of Incorporation : |
March 2005 |
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Com. Reg. No.: |
1000-02-032226 (Nagano-Chino) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures, imports, exports and wholesales musical instruments:
guitars, electric guitars & basses, their parts & components (--100%) |
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No. of Employees |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 |
DYNA BOEKI LTD
REGD NAME: YK
Dyna Boeki
MAIN OFFICE: 3602-1
Tamagawa Chino City Nagano-Pref 391-0011 JAPAN
Tel:
0266-79-4210 Fax: 0266-79-5307
*.. The is
its Tokyo Business Headquarters
URL: http://www.dynaboiek.com
(inoperative)
Mfg of
musical instruments
Tokyo
At the
caption address
TORAKICHI
MIYASAKA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES UNDETD A/SALES NOT DISCLOSED
PAYMENTSUNKNOWN
CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 3 M
STARTED 2005 EMPLOYES 10
MFR OF MUSICAL INSTRUMENTS.
FINANCIAL SITUATION UNDETERMINED
DUE TO THE LACK OF PROVEN BUSIESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
The subject
company was established by Torakichi Miyasaka in order to make most of his
experience in the subject line of business.
This is a specialized mfr of musical instruments: electric guitars &
basses, their parts & components.
The firm does not disclose management & financial details and the
information contained here is based on and cited from the Registration
Certificate.
Financial
are not disclosed at all. The firm
declined to disclose them
Both the financial situation and
business trends are not determined due to the lack of proven business but
should be good for MODERATE business engagements. Max credit limit is unable to be assessed due
to the same reason. Secured terms are
recommended on new transactions.
Date Registered: Mar 2005
Regd No.: 1000-02-032226 (Nagano-Chino)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240 shares
Issued:
60 shares
Sum: Yen 3 million
Major shareholders (%): Dyna Music Instrument Co Ltd
(100)
Nothing
detrimental is known as to his commercial morality.
Activities: Manufactures, imports, exports and
wholesales musical instruments: guitars, electric guitars & basses, their
parts & components (--100%)
Clients: [Mfrs, wholesalers] Fender Musical
Instruments Corp (USA), other
No. of accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Payment record: Unknown
Location:
Business area in Chino City, Nagano-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
Local
Bank (Chino)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.04 |
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|
1 |
Rs.101.31 |
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Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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-- |
NB |
New Business |
-- |
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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.