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Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
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Name : |
HAYASHI ENTERPRISE LTD |
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Registered Office : |
Kuwahara Bldg 7F, 6-29-3 Shinjuku Shinjukuku Tokyo 160-0022 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
December, 1969 |
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Com. Reg. No.: |
0111-01-017567 (Tokyo-Shinjukuku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export of nickel cadmium sealed batteries, separators |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 – 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 |
|
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 |
|
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 |
HAYASHI ENTERPRISE
LTD
REGD NAME: KK Hayashi Enterprise
MAIN OFFICE: Kuwahara Bldg 7F, 6-29-3 Shinjuku Shinjukuku
Tokyo 160-0022 JAPAN
Tel:
03-3204-0950
Fax: 03-3207-9539
URL: http://www.hayashienter.co.jp
E-Mail address: (thru the URL)
Export of nickel cadmium sealed batteries, separators, other
Nil
KOJI MURAMATSU, PRES Shiro
Suehiro, ch
Kazuo Yasuda, dir Sanenori
Takeuchi, dir
Miki Muramatsu, dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,137 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
15 M
TREND UP WORTH Yen 384 M
STARTED 1969 EMPLOYES 7
TRADIG FIRM SPECILIZING IN EXPORT OF BATTERIES & SEPARATORS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Shiro Suehiro in order to make
most of his experience in the subject line of business. This is a trading firm specializing in export
of batteries & separators for automobile and/or handy phones (See OPERATION). Goods are supplied from major electronic
makers, other.
Financials are disclosed only partially.
The sales volume for Mar/2013 fiscal term amounted to Yen 1,137 million,
an 8% up from Yen 1,048 million in the previous term. The net profit was posted at Yen 13 million,
compared with Yen 12 million a year ago.
For the term that ended Mar 2014 the net profit was projected at Yen 15
million, on a 5% rise in turnover, to Yen 1,195 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Dec 1969
Regd No.: 0111-01-017567 (Tokyo-Shinjukuku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
120,000 shares
Issued:
30,000 shares
Sum: Yen 15 million
Major shareholders
(%): Shiro Suehiro (100)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Exports
batteries: nickel-metal hydride batteries (Ni-MH), nickel-cadmium batteries
(Ni-Cd), lithium batteries (coin, cylindrical), lithium thionyl batteries,
alkaline batteries, manganese batteries, sealed lead-acid batteries (SLA),
other (--100%)
Clients: [Mfrs,
wholesalers] Anpei Enterprise, Thai United Industry, Atlas Battery, PT Sepindo
Predana, Sanyo Electric Home Appliances, Conerko, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] GS Kasei Kogyo Co, Nippon Sheet Glass, Kyocera Corp, Welllink
Industrial, Mitsubishi Electric Life Network, other
Payment record: No complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shinjuku)
Resona Bank
(Shintoshin)
Relations:
Satisfactory
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Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual Sales |
|
1,195 |
1,137 |
1,048 |
1,143 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
15 |
13 |
12 |
12 |
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Total Assets |
|
|
N/A |
N/A |
N/A |
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Net Worth |
|
|
384 |
371 |
359 |
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Capital, Paid-Up |
|
|
15 |
15 |
15 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.10 |
8.49 |
-8.31 |
7.53 |
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Current Ratio |
.. |
.. |
.. |
||
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N.Worth Ratio |
.. |
.. |
.. |
||
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N.Profit/Sales |
1.26 |
1.14 |
1.15 |
1.05 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.04 |
|
|
1 |
Rs.101.97 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NNA |
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 |
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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 |
|
<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.