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Report Date : |
14.05.2014 |
IDENTIFICATION DETAILS
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Name : |
IDEA INTERNATIONAL INC |
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Registered Office : |
Senri-Chuo Twin Bldg Bekkan 4F, 1-1-4 Shinsenri-Nishimachi Toyonaka City Osaka-Pref 565-0083 |
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Country : |
Japan |
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Date of Incorporation : |
April, 2004 |
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Com. Reg. No.: |
1209-01-030158 (Osaka-Toyonaka) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Subject is engaged in the Event organization, AD management, marketing
research |
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No. of Employees : |
5 |
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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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.
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Source
: CIA |
In absence of financials, no credit limit could be recommended.
IDEA INTERNATIONAL
INC
REGD NAME: KK Idea International
MAIN OFFICE: Senri-Chuo Twin Bldg Bekkan 4F, 1-1-4
Shinsenri-Nishimachi Toyonaka City
Osaka-Pref
565-0083 JAPAN
Tel:
06-6170-9571
Fax: 06-6170-9572
URL: http://www.idea-intl.com
E-Mail address: (thru the URL)
Event organization, AD management, marketing research
Nil
CRISTOPHER DAVID DOHREIN, PRES (Only phonetically spelled)
In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen - - -*
PAYMENTS UNKNOWN CAPITAL Yen
3 M
TREND UNDETD WORTH Yen
- - -*
STARTED 2004 EMPLOYES 5
*.. Not disclosed
BUSINESS CONSULTANT
FINANCIAL SITUATION ARE NOT DETERMINED DUE TO LACK OF ROVEN BUSINESS,
WHICH THE FIRM DOES NOT DISCLOSEBUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX REDIT LIMIT IS UNABLE TO BE ASSESSED DUE TO THE SAMA REASON.
The subject company was established by C D Dohrein in order to make most
of his experience in the subject line of business. This is a business consultant organizing
business events PR activities, marketing research, other. The firm does not disclose any of its
financials and we have no other sources to report them, and the contents of
this report is derived from the Registration Certificate.
Financials are not disclosed. No
outside sources have any data for them, either.
The firm declined to do so despite our repeated asking for the same.
Both the financial situation and business trends are not determined due
to lack of proven business records but should be good for MODERATE business
engagements. Max credit limit is not to
be assessed due to the same reason.
Date Registered: Apr 2004
Regd No.: 1209-01-030158 (Osaka-Toyonaka)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,000 shares
Issued:
60 shares
Sum: Yen 3 million
Major shareholders
(%): C D Dohrein (100)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Business
consultant, event organization, PR activities, marketing research, other
(--100%)
Clients: Business firms,
mfrs, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered I the greater-Osaka
Location: Business area in
Toyonaka City, Osaka-Pref. Office
premises at the caption address are leased and maintained satisfactorily.
Bank References:
Local Bank
(Osaka)
Relations:
Money deposits & transfers only
NOT DISCLOSED AND
UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.88 |
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1 |
Rs.100.98 |
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Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NNA |
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 |
-- |
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.