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Report Date : |
17.11.2014 |
IDENTIFICATION DETAILS
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Name : |
VELNICA ROOM, KK |
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Registered Office : |
K2 Bldg Aobadai 5F, 1-25-1
Aobadai Meguroku Tokyo 153-0042 |
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Country : |
Japan |
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Date of Incorporation : |
August 2009 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures of Velnica Brand
women’s clothing (one-piece), |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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 |
VELNICA ROOM, KK
REGD NAME: KK Velnica Room
MAIN OFFICE: K2 Bldg Aobadai 5F, 1-25-1 Aobadai Meguroku
Tokyo 153-0042 JAPAN
Tel:
03-6323-9908
Mfg of
women’s apparel (of Velnica Brand)
Nil
China,
Hong Kong, Taiwan (partners)
(subcontracted)
YUKARI
KOBAYASHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 80,000 M*
PAYMENTSUnknown
CAPITAL Yen 9 M
TREND UNDETD WORTH Yen 9 M*
STARTED 2009 EMPLOYES 10
*.. Of
Jun.2012 figures (This is only disclosed)
**..
Expressed paid in capital
MFR OF WOMEN’S CLOTHING
(One-piece clothes).
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was
established by Keiko Kobayashi in order to make most of her experience in the
subject line of business. This is a
specialized mfr of Velnica Brand one-piece clothes for women. Goods are all subcontracted mfg to overseas
and domestic makers. Clients include department stores, supermarkets, including
individual consumers.
Financials are disclosed only partially and only for
Jun/2012 fiscal term.
The sales volume for Jun/2012 fiscal term amounted to Yen 80,000
million, and no further details.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Date Registered:
Aug 2009
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 720 shares
Issued:
180 shares
Sum: Yen
9 million
Major shareholders (%): Keiko Kobayashi, others
(Details unavailable9
No. of shareholders:
Unavailable
Nothing detrimental is known as
to the commercial morality of executives.
Activities:
Manufactures
Velnica Brand women’s clothing (one-piece), other (--100%)
Mfg is
subcontracted to domestic and overseas makers.
Clients:
Department stores, supermarkets,
consumers, other
No. of
accounts: 150
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Domestic
& overseas makers
Unknown
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactory.
Local Bank
(Tokyo)
Relations:
Satisfactory
FINANCES (In Million Yen)
ONLY DISCLOSED FOR JUN/2012 FISCAL TERM
AND NO OTHER DATA AVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
SNT |
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 |
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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 |
|
|
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 |
|
|
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.