|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PAK JAPAN TRADING (PVT) LTD |
|
|
|
|
Registered Office : |
Sun Heights 103, 2-47-7 Minami-Ikebukuro Toshimaku Tokyo 171-0022 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
October 1999 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, export, wholesale of construction machines, including rental/leasing |
|
|
|
|
No of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Yen 15.9 Million |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
PAK
JAPAN TRADING (PVT) LTD
KK Park Japan Trading
Sun Heights 103, 2-47-7 Minami-Ikebukuro Toshimaku
Tokyo 171-0022 JAPAN
Tel: 03-5985-6022 Fax: 03-5985-6033
URL: http://www.pakjapantrading.com
E-Mail address: pjt@aqua.famile.ne.jp
Import, export, wholesale of
construction machines, including rental/leasing
Nil
Pakistan (2), Dubai (UAE)
CHAUDHRY ASIF MOHAMOOD, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 870 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 5 M
TREND UP WORTH Yen 21 M
STARTED 1999 EMPLOYES 4
TRADING
FIRM SPECIALIZING IN CONSTRUCTION MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 15.9 MILLION, ON 30 DAYS NORMAL TERMS.
The
subject company was established by Chaudhry Asif Mohamood, a Pakistani
resident, in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in import, export and wholesale of construction machinery, cranes,
cement plants, other (See OPERATION). The group consists of 5 companies, with
headquarters in Pakistan, and the annual group turnover is US$112 million, says
the firm. Goods are exported to
Pakistan, Middle East, Africa, South Asia, other. Domestic clients include heavy machinery
mfrs, other.
Financials
are disclosed only partially.
The sales
volume for Mar/2013 fiscal term amounted to Yen 870 million, a 2% up from Yen
850 million in the previous term. Demand
increased from the Middle East. The net
profit was posted at Yen 1 million, similarly in the previous period.
For
the term that ended Mar 2014 the net profit was projected at Yen 2 million, on
a 5% rise in turnover, to Yen 910 million.
Weaker Yen contributed to raise revenues in Yen terms. Final results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 15.9 million, on the normal 30 days terms.
Date Registered:
Oct 1999
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400
shares
Issued: 100 shares
Sum: Yen
5 million
Major shareholders (%): Chaudhry
Asif Mohamood (100)
Nothing detrimental is known as
to his commercial morality.
Activities: A
trading firm for import, export and wholesale, including rental & leasing of:
road construction machinery, asphalts plants, concrete mixing plant, crawler
cranes, hydraulic mobile cranes, cement plants, refineries, sugar mills, power
plants, various types of generators, others (--100%
Clients: [Mfrs,
wholesalers] Exports to UAE, Pakistan, Africa, Asia, other.
Domestic clients: Daikyo Kenki Co, Kokusai Jyuki Co,
other
No. of accounts: Unavailable
Domestic areas of activities: Centered in
greater-Tokyo
Suppliers:
[Mfrs, wholesalers] Daikyo Kenki Co, Komatsu Used Equipment Corp, Kokusai Jyuki
Co, Nori Enterprise, Mika Trading, other
Payment record: Slow But Correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG (Ikebukuro-Higashiguchi)
SMBC (Ikebukuro-Higashiguchi)
Relations: Money deposits & transfers only
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
910 |
870 |
850 |
850 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
2 |
1 |
1 |
1 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
21 |
20 |
19 |
|
Capital,
Paid-Up |
|
|
5 |
5 |
5 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.60 |
2.35 |
0.00 |
0.24 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.22 |
0.11 |
0.12 |
0.12 |
|
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. 58.74 |
|
|
1 |
Rs. 98.77 |
|
Euro |
1 |
Rs. 80.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.