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Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
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Name : |
SAERA CORPORATION
LTD |
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Registered Office : |
Shoto Raj Bldg 4F, 1-26-10 Shoto Shibuyaku
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Country : |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
June 1991 |
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Com. Reg. No.: |
0110-01-008950
(Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of Steel, Steel Products, Used Vehicles, Used Construction
Machines & Equipment, Used Machine Tools as well as Game Machines |
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No of Employees : |
05 |
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 : |
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 |
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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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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate 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 |
SAERA CORPORATION LTD
KK Saera
Corporation
Shoto Raj Bldg 4F,
1-26-10 Shoto Shibuyaku Tokyo 150-0046 JAPAN
Tel: 03-5453-3001 Fax:
03-5453-3006
E-Mail address: raj@saera.co.jp
Exporter of Steel, Steel Products, Used Vehicles, Used Construction Machines & Equipment, Used Machine Tools as well as Game Machines
Nil
RAJ KUMAR
MALHOTRA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 210 M
PAYMENTS Slow
But Correct CAPITAL Yen 20 M
TREND UP WORTH Yen 130 M
STARTED 1991 EMPLOYES 5
EXPORTER OF STEEL, STEEL PRODUCTS, USED VEHICLES, OTHER.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Raj Kumar Malhotra, an Indian resident,
in order to make most of his experience in the subject line of business. This is a trading firm specializing in
exporting used vehicles, construction machines, machine tools, game machines,
other. Started to export steel &
steel products, which is becoming the mainstay business line. Exports to India, New Zealand, Australia,
other.
Financials are only partially disclosed.
The sales volume for May/2013 fiscal term amounted to Yen210 million, a
doubled rise from Yen 10 million in the previous term. Exports of steel & steel products were
robust and contributed to the sales growth.
The net profit was posted at Yen 8 million, compared with Yen 2 million
a year ago.
For the current term that ending May 2014 the net profit is projected at
Yen 10 million, on a 10% rise in turnover, to Yen 230 million. Exports of steel & products continue
rising. Weaker Yen will contribute to
the sales growth in Yen terms.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements.
Date Registered: Jun 1991
Regd No.: 0110-01-008950 (Tokyo-Shibuyaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20 million
Major shareholders (%): R Kumar Malhotra (90%), Eriko
Yamamoto (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports steel,
steel products, used vehicles, used construction machines & equipment, used
machine tools, game machines, others (--100%)
Clients: [Mfrs,
wholesalers] Exports to New Zealand, Australia, India, Republic of Cyprus,
other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] JFE Steel, Metal
One, other
Payment record: Slow But
Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
SMBC (Shibuya)
Mizuho Bank (Ogikubo)
Relations: Money deposits and transfers only
(In Million Yen)
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Terms Ending: |
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31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
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Annual
Sales |
|
230 |
210 |
105 |
30 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
10 |
8 |
2 |
-9 |
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Total
Assets |
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|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
130 |
122 |
120 |
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Capital,
Paid-Up |
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|
20 |
20 |
20 |
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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 |
9.52 |
100.00 |
250.00 |
-70.00 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
4.35 |
3.81 |
1.90 |
-30.00 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
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UK Pound |
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.82.22 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
-- |
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.