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Report Date : |
09.09.2014 |
IDENTIFICATION DETAILS
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Name : |
WINDOWS DIGITAL LIFESTYLE CONSORTIUM |
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Registered Office : |
Shinagawa Grand central Tower, 2-16-3
Konan Minatoku Tokyo 108-0075 |
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Country : |
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Date of Incorporation : |
November 2007 |
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Legal Form : |
Non-Profit Organization Consortium |
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Line of Business : |
Consortium providing information
equipment, information services |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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) |
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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.
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Source
: CIA |
WINDOWS
DIGITAL LIFESTYLE CONSORTIUM
REGD
NAME: Windows Digital Lifestyle
Consortium (abbreviated as WDLC)
MAIN
OFFICE: Shinagawa Grand central Tower,
2-16-3 Konan Minatoku Tokyo 108-0075 JAPAN
Tel: 03-1535-8002 (as given)
URL: http://www.wdlc.jp
E-Mail address: (thru the URL)
Consortium providing information equipment,
information services
Member companies’ offices nationwide
YOSHINAMI TAKAHASHI, CHAIRMAN (General Mfg
of Microsoft Japan)
Directors: NEC Personal Computers, Toshiba
Corp, Microsoft Japan, and
Fujitsu Ltd (Tot 4)
The subject is a non-profit organization
Consortium founded by the leadership of Microsoft Japan, with 5 IT companies
sponsoring the Industry Group Consortium.
The Consortium promotes and offers information equipment &
information services, such as PC’s, mobile phones, digital home appliances),
and information/contents services.
Originally 48 members joined from PC makers, hardware & software
makers and contents service providers nationwide. Now the number of membership totals 113
companies. Operations are handled by:
Intel Corp, NEC Personal Computer, KK Mouth Computer, Toshiba Corp, Nikkei
Business Publications Inc, Microsoft Japan and Fujitsu Ltd.
Date
Registered: Not registered
(Founded: Nov 2007)
Legal
Status: Non-Profit
Organization Consortium
Member
companies: 113 companies (as of July/2014)
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Consortium for
promoting, analyzing trends, supports the IT industry, providing
information/processing/development of information digital equipment (PC’s,
mobile phones, home digital appliances, etc), information/contents services,
other (--100%)
Payment
record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are owned by Microsoft Japan and maintained satisfactory.
Bank
References:
City Bank (H/O)
SMBC (Kojimachi)
Relations: Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.26 |
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UK Pound |
1 |
Rs.97.51 |
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Euro |
1 |
Rs.77.94 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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 |
-- |
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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.