|
Report Date : |
07.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
AIR PRECISION CO LTD |
|
|
|
|
Registered Office : |
Nihon Ohdori 7-Bldg 5F, 7 Nihon Ohdori Nakaku |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
November 1996 |
|
|
|
|
Com. Reg. No.: |
0200-01-031550 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Imports and wholesales pneumatic equipment, components, other (--100%) |
|
|
|
|
No of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
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 |
AIR PRECISION CO
LTD
KK Air Precision
Nihon Ohdori 7-Bldg 5F, 7 Nihon Ohdori Nakaku Yokohama 231-2001 Japan
Tel: 045228-2230
Fax: 045-228-2331
URL: http://www.airprecision.co.jp
E-Mail address: (thru the URL)
ACTIVITIES: Import, wholesale of pneumatic equipment,
components, other
BRANCHES: Osaka
OFFICERS: MASAYUKI HARAGUCHI, PRES
Etsuo Haraguchi,
dir
Yoko
Haraguchi, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES UNDETD A/SALES Yen NOT DISCLOSED
PAYMENTS UNKNONW CAPITAL Yen 20 M
TREND UNDETD WORTH Yen NOT DISCLOSED
STARTED 1996 EMPLOYES 5
COMMENT: TRADING FIRM SPECIALIZING IN PNEUMATIC
EQUIPMENT. FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINES
BUT GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON.
The subject company was established by Masayuki Haraguchi in order to make most of his experience in the subject line of business. This is a trading firm, wholly owned and operated by the Haraguchi family, for import and wholesale of pneumatic equipment, components, other (See OPERATION). Goods are imported from USA, Germany, UK, Sweden, other.
Financials are not disclosed.
Both the financial situation and business trends are not determined due to the lack of proven business, which the owners do not disclose, but should be good for MODERATE business engagements.
Date Registered: Nov
1996
Regd No.: 0200-01-031550
(Yokohama-Nakaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
400 shares
Sum: Yen
20 million
Major shareholders
(%): Masayuki Haraguchi &
families (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales pneumatic equipment, components, other (--100%)
(Suppliers &
products):
USA Suppliers: Mac Valves Inc
(air valves), PHD Inc (actuator), BIMBA Mfg Co (air cylinder), Colder Products
Company (quick coupling);
Germany Supplier: Weforma (shock
absorber);
UK Supplier: Midland-ACS
(filter regulator);
Italy Supplier: FIM Valvole (air
valve);
Sweden Supplier: PIAB (vacuum
pump), other
Clients: Electric,
electronic makers, machinery makers, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Payment record: Unknown
Location: Business area in
Yokohama. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
MUGG (Yokohama)
Bank of Yokohama (Chuo-Ichiba)
Relations: Money deposits and transfers only
(In Million Yen)
NOT DISCLOSED AND
UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.