|
Report Date : |
15.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
URATA & CO LTD |
|
|
|
|
Registered Office : |
2-4-10 Izumicho Chuoku Osaka 540-0019 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
August 1955 |
|
|
|
|
Com. Reg. No.: |
1200-01-145363 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, wholesale of ladies’ clothing & accessories |
|
|
|
|
No. of Employees : |
18 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – 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 |
URATA
& CO LTD
REGD NAME: Urata
KK
MAIN OFFICE: 2-4-10
Izumicho Chuoku Osaka 540-0019 JAPAN
Tel:
06-6943-7231 Fax: 06-6946-1368
*.. Registered at:
1-25-26 Yachiyo Takaishi City Osaka-Pref
URL: N/A
Import, wholesale
of ladies’ clothing & accessories
Fukuoka
China
China
KANEJI URATA, PRES Hiroki Yamada, dir
Chikako Urata, dir Toshiko Urata, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR
A/SALES Yen 1,028 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 50 M
TREND SLOW
WORTH Yen 1,700 M
STARTED 1955
EMPLOYES 18
TRADING FIRM SPECIALIZING IN LADIEES’
CLOTHING & ACCESSORIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established by Kaneji Urata in order to make
most of his experience in the subject line of business. This is a trading firm, with mfg division,
for import and wholesale of ladies& causal clothing & accessories:
apron, pants, shirts, other. Goods are
manufactures at subcontracted factories in China. Goods are mostly supplied to mail-order
houses for sales.
The sales volume for Jun/2013 fiscal term amounted to Yen 1,028 million,
a 24% down from Yen 1,357 million in the previous term. The operations plunged into the red to post Yen
58 million recurring loss and Yen 61 million net losses, respectively, compared
with Yen 65 million recurring profit and Yen 42 million net profit,
respectively, a year ago.
For the term that ended Jun 2014 the net profit was posted at Yen 60
million, on a 12% fall in turnover, to Yen 903 million. Financials are only partially disclosed and
final details are yet to come.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Aug
1955
Regd No.:
1200-01-145363 (Osaka-Takaishi)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400,000 shares
Issued: 100,000 shares
Sum: Yen 50 million
Major
shareholders (%): Kaneji Takahashi & families (41.3), Takaishi Service (25.3),
employees’ S/Holding Assn (17.3), other
No.
of shareholders: 21
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales
casual clothing for women: aprons, skirts, shirts, pants, other (--100%)
Goods are manufactures at contracted
factories in China and imported.
Clients: [Mfrs,
wholesalers] Senshukai Co, Felissimo Inc, Grace Corp, Self Onishi, Proroute
Marumitsu, Izumiya Corp, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Manufactured in China (95%) and imported.
Payment record: Slow but correct
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactory.
Bank References:
MUFG (Semba)
Shoko Chukin Bank
(Osaka)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
30/06/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
|
Annual
Sales |
|
903 |
1,028 |
1,357 |
1,435 |
|
Recur.
Profit |
|
|
-58 |
65 |
|
|
Net
Profit |
|
60 |
-61 |
42 |
-12 |
|
Total
Assets |
|
|
1,796 |
1,937 |
1,862 |
|
Current
Assets |
|
|
1,512 |
1,632 |
|
|
Current
Liabs |
|
|
46 |
112 |
|
|
Net
Worth |
|
1,760 |
1,700 |
1,766 |
1,725 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.Ttl
in Million (¥) |
|
6,067 |
4,120 |
2,060 |
2,472 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
-12.16 |
-24.24 |
-5.44 |
.. |
|
Current Ratio |
|
.. |
3,286.96 |
1,457.14 |
.. |
|
N.Worth Ratio |
|
.. |
94.65 |
91.17 |
92.64 |
|
R.Profit/Sales |
|
.. |
-5.64 |
4.79 |
.. |
|
N.Profit/Sales |
|
6.64 |
-5.93 |
3.10 |
-0.84 |
|
Return On Equity |
|
.. |
-3.59 |
2.38 |
-0.70 |
Notes: Financials
are only partially disclosed for the 30/06/2014 fiscal term
Resulted figures
for the 30/06/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.