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Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SANHO ELECTRONIC CO LTD |
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Registered Office : |
3-1-21 |
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Country : |
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Date of Incorporation : |
May, 2011 |
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Com. Reg. No.: |
3600-01-014741
(Okinawa-Naha) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of
solar energy systems, LED, other |
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No. of Employees : |
1 |
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) |
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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 |
SANHO
ELECTRONIC CO LTD
REGD
NAME: Sanho Denki KK
MAIN
OFFICE: 3-1-21
Tel: 098-860-1980 Fax: 098-860-1981
URL: http://www.3ho.co.jp
E-Mail address: (thru the URL)
Import, export, wholesale of
solar energy systems, LED, other
Tokyo
HIDEHIKO SAKIHAMA, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES UNDETD A/SALES Yen 30 M
PAYMENTSUNKNOWN CAPITAL Yen 5 M
TREND UNDETD WORTH Yen 10 M
STARTED 2011 EMPLOYES 1
TRADING FIRM SPECIALIZING IN SOLAR SYSTEMS.
FINANCIAL SITUATION UNDECIDED DUE TO THE RECENT INCEPTION
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was
established by Hidehiko Sakihama in order to make most of his experience in the
subject line of business. This is a
trading firm specializing in solar systems, LED, other. Goods are imported and exported.
Financials
are disclosed only partially.
The
sales volume for May/2013 fiscal term amounted to Yen 30 million, a 50% up from
Yen 20 million in the previous term. The
net profit was posted at Yen 2 million, similarly in the previous term.
For
the term that ended May 2014 the net profit was projected at Yen 10 million, on
a 16% rise in turnover, to Yen 35 million.
Final results are yet to be released.
The
financial situation is UNDECIDED due to the recent inception but should be good
for MODERATE business engagements.
Date Registered: May 2011
Regd No.: 3600-01-014741 (Okinawa-Naha)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 400 shares
Issued: 100
shares
Sum: Yen 5 million
Major shareholders
(%): Hidehiko
Sakihara (100)
Nothing detrimental is known as
to his commercial morality.
Activities: Trading firm for import, export
and wholesale of solar systems, LED, other (--100%)
Clients: Mfrs, wholesalers, consumers,
other
No. of accounts: 100
Domestic areas of activities:
Centered in Okinawa-Pref
Suppliers: Mfrs, wholesalers, other
Payment record: Unknown
Location: Business area in Naha. Office premises at the caption address are
leased and maintained satisfactory.
Bank References:
Okinawa
Bank (Takahashi)
Ryukyu
Bank (Tomari)
Relations:
Satisfactory
(In Million Yen)
NOT MADE AVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.87 |
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1 |
Rs.99.63 |
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Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
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.