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Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
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Name : |
HIKARI GLOCAL SUPPLY CO LTD |
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Registered Office : |
4848 Shimosuwamachi Suwagun Nagano-Pref 393-0000 |
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Country : |
Japan |
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Date of Incorporation : |
June 2012 |
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Com. Reg. No.: |
1000-01-05576 (Nagano-Suwagun) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and wholesales grains, soy beans, dry beans, other |
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No of Employees : |
01 |
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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Maximum Credit Limit : |
Yen 99.5 million |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
HIKARI GLOCAL
SUPPLY CO LTD
Hikari Global Supply KK
4848 Shimosuwamachi Suwagun Nagano-Pref 393-0000 JAPAN
Tel: 0266-27-8848
Fax: 0266-27-7791
URL: http://www.hikarimoso,co.jp
E-Mail address: (thru the URL)
ACTIVITIES: Import, wholesale of grains, soy beans, dry
beans, other
BRANCHES: Nil
OFFICERS: YOSHIHIRO HAYASHI, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 5,689 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND STEADY WORTH Yen 61 M
STARTED 2012 EMPLOYES 1
TRADING FIRM SPECIALIZING IN GRAINS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 99.5 MILLION, ON 30 DAYS
NORMAL TERMS.
The subject company was established as a trading division by Hikari Miso
Co Ltd, at the caption address, mfr of miso and miso soup. The firm imports and wholesales grains, soy
beans, dry beans, other for wholly supply to the parent.
The sales volume for the initial accounting term for Sept/2013 fiscal
term amounted to Yen 5,689 million, with net profit at Yen 73 million.
For the term that ended Sept 2014 the net profit was projected at Yen 100
million, on a 10% rise in turnover, to Yen 6,250. 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 99.5 million, on 30 days normal terms.
Date Registered: Jun
2012
Regd No.: 1000-01-05576
(Nagano-Suwagun)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders
(%): Hikari Miso Co Ltd*
(100)
:.. The parent
company
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports and
wholesales grains, soy beans, dry beans, other (100%)
Clients: [Mfrs, wholesalers]
Hikari Miso Co Ltd (the parent) only
No. of accounts: 1
Domestic areas of activities: Centered in Nagano-Pref
Suppliers: [Mfrs,
wholesalers] SG Selesco Co, Nagano Miso Co, Marubeni Corp, Cosmos Foods, Toyota
Tsusho Corp, other
Payment record: No Complaints
Location: Business area in
Nagano. Office premises at the caption
address are owned by the parent and maintained satisfactory.
Bank References:
Hachijuni Bank (Shimo-Suwa)
Relations: Satisfactory
(In Million Yen)
NOT AVAILABLE AS
YET
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
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|
1 |
Rs.98.63 |
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Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
SMN |
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.